Successful traders come in all shapes and sizes…they are of different ages…and they are from all over the world.
You’ll find their strategies differ in terms of:
- Type of strategy (day trading, swing trading, trend following, scalping, etc…)
- Timeframes
- The instruments they trade (stocks, options, futures, crypto, forex, etc…)
You will also find that:
- Some work for institutions
- Others work for themselves and trade alone
- Then there are those that’s part of a community
I can go on forever as to how successful traders differ with their approach to the markets, but that’s not the point of the post.
The point I’m trying to make is that it doesn’t matter:
- Who or what they are
- What type of strategy they trade
- What instruments they trade
- Whether they trade for some firm or on you own
…one thing they have in common is that they manage risk. They know that proper risk management is essential and will keep them in the game.
So the sooner you start incorporating proper risk management into your trading plan, the sooner you’ll see improvements in your trading.
Thanks so much for reading. Hope you and your loved ones are well and safe.
Thanks and Regards,
Trading SOS SOS