How to Avoid 1% Rule Breakers

The quickest way to go broke with the trading account is to follow those who promise you a get rich quick scheme. Risk management has to be the first step, and if they skip risk management in their trading process then that's somebody to avoid immediately. The majority of the new traders, I think the 1% is the position size. They don't know the 1%. You know, it was the capital you can lose in your total account and they don't understand what that even means.

Play episode from 08:14

Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app