EDGE Foundation TRADE/RISK MANAGEMENT
MISSION STATEMENT
Understand that you have to treat your trading like you treat a business. You are the boss of your own prop firm
Q) Do you feel you have a risk management plan? Would you hire yourself and increase your capital?
Enduring Understandings
Understanding that losing and risk are two different things. You're supposed to take losses, however are they within the risk structure you have defined.
Common Misconceptions
I'm never supposed to risk more than 2% of my trading account. I placed a stop-loss, therefore I'm managing my risk.
Essential Questions
Understanding how charts, order flow, personality, account size professional decorum all become part of risk taking.
Lesson Content
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