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One of the biggest missing pieces of most traders’ trading plan is Risk Management. If you want to be a successful trader, if you want to stop losing and losing BIG, there’s one topic that you can never over study: Risk Management.
This course is called, The Twin Pillars of Risk Management. It’s designed as an in-depth study on how to leverage the two biggest tools in your risk management tool belt: Stops and Position Sizing.
Position Size is the amount of money that you’re willing to commit to a trade. It’s also one of the most important parts of a trade, and something that most traders lack a proper strategy for.
Making your position too small can make a successful trade virtually worthless, as the return is too small and won’t impact your account balance. A position that’s too large puts you at great risk and makes a losing trade hurt more than it has to.
When it comes to position sizing, we’re going for the Goldilocks zone. Splitting the difference gives you the best of both worlds: Great profit potential and only modest risk. This course will give you the tools and strategies you need to make the proper decisions on the size of your positions.
Having a properly sized position is like choosing the size and scope of the battlefield. But you would never walk onto the battlefield without proper protection. And your protection is stops.
When setting stops, there’s 3 potential pitfalls:
Again, we’re seeking the a stop level that is protects you from losses, while being able to handle the normal changes in the stock market. The good news is: there’s a right way to determine the proper stop range and the proper position size, to help you maximize your profits, while reducing your risk.
We’re going to cover it all in The Twin Pillars of Risk Management.
"It gave me a complete logical picture of the entire issue of entries and risk management using stops. I've been a member for a long time but this really pulled everything together for me."
"I feel like this was the missing piece to my trading. I wish I knew this a couple years ago. I really feel more in control of my account and I KNOW why I'm getting in now and most importantly how to get out without any emotion. I like this feeling of control and once the market opens all my stops and alerts are set and I have a much less stressful day because if i get stopped out I already know the cost. I feel like a really informed trader now rather than a sheep in the midst of wolves."
"Thinking of trades in terms of risk % of the total portfolio is a game changer for me and I particularly liked the spreadsheet to help explain the concept. I also think the initial focus of entry point was key to this specific training."
"I appreciate Dan's emphasis on managing risk. It's absolutely critical and it helps me stay confident in my ability to make money as a function of avoiding the big loss. I'm glad he shared his daily routine; I've integrated much of it into my own routine."
"I knew I needed a tool to tell me where my loss/gain was if all stops hit, but didn't know how to accomplish that. I also knew that I was tracking too many positions, had too many losers, and the winners did not yield enough gains. Explanation of entry points, and scaling in and then elevating position size was clear and concise. Easy to grasp the strategy."
"There are pieces of the trading puzzle that are not always easy to grasp when offered out of context. This program was in context and I wish I had heard these things long ago. "
Give any Stock Market Mentor educational product a risk-free, 30 day trial and if you’re not satisfied with it, we’ll refund your purchase price, less shipping. It’s really that simple. If you’re not 100% satisfied — with your investment - simply send us an email and we’ll send you back your initial investment, minus any shipping charges.
