Golden Rule of Option Trading Strategies: Risk Management & Position Sizing
Rules are important in trading because they help traders make informed decisions, manage risk, and avoid emotional trading:
Trading plan: A trading plan helps you make consistent decisions and defines your optimal trade. It can also help you avoid making emotional decisions.
Risk management: Only risk what you can afford to lose.
Discipline: Professional traders stick to their trading strategies and rules
A decent trading plan will assist you with avoiding making passionate decisions without giving it much thought. The advantages of a trading plan include Easier trading: all the planning has been done forthright, so you can trade according to your pre-set boundaries
PGDM in finance, having 5+ experience in Equity, commodities , forex analysis and trading.
All 419 videos by Dharmendra →