Let’s say you have developed the skills to trade. You know all the trading techniques from the basic to the most advanced. You have worked hard to learn and practice your trading strategy, and you have backtested and paper traded to gain the confidence required to consistently follow your plan day in and day out.
Congratulations! You have done the necessary work to have a chance to be profitable. You have conquered your demons and you have a team of traders to support you with the psychology of trading moving forward.
What is the most important aspect of your trading plan?
Yes, you guessed it! Money Management is the most important part of any trading plan. I repeat, it is the part of the plan that will determine whether you are a successful trader making the kind of money you deserve, or a winning trader that is actually disappointed with your single digit returns.
It will determine how much or how little you make as a trader. Without it you will either blow out your account or not even come close to realizing the full potential of your strategy.
In this course you are going to learn different methods for Money Management, and the best time to implement it is now.
So get your coffee or drink of choice, your notebook and let’s get started!