Art of Setting STOPLOSS
How many times have you said while trading, “ I knew this trade was going south, I should have exited this earlier” OR “Only 5% of traders can make a living at it”. Why do we make such statements? If it was just a matter of being smart, then the trader with the highest IQ would make the most money. If it was only a matter of charting skills, then the trader with the most complicated charts would be the wealthiest. Money management is critical to success and longer-term survivability in trading. In trading the easiest way to avoid the risk of ruin is STOPLOSS.
Losing money in the market is inevitable however our approach to this situation is what defines the men from the boys. So when you are about to take trades always ask these 3 questions:
1. Will you risk more per trade if the system is guaranteed to make money?
2. On Volatile days you relax your risk limits
3. Do you regularly average down?
If your answers to all the above questions are affirmative then there is a high probability that your trading account may experience risk of ruin in the longer term.
Chart Advise has designed a webinar that focuses on this very aspect. The webinar is going to be conducted by Dr C K Narayan himself. With his years of experience as a trader and trainer has devised various ways to define an appropriate risk point.
In this webinar, you will learn:
• Plan your trade
• Process of setting up Stop Loss limits across asset classes.
• Identify triggers for reviewing Stop Loss Limits.
• Learn when to cut your losers and let your winners run.
• How to differentiate between stop loss orders for day plays from the multi day plays
• And more……
Whatsmore, Growth Avenues offers you unlimited support post the webinar to solve all your queries and assist you with implementation of the methods learnt in the webinar!
Attendees to this webinar will get some substantial discount in our flagship product Traders Central, the best Investing and Trading service in the market that is not only profitable but also informative and educative!
Come. Learn and Earn. Attend the webinar and learn to Discern. You will then be able to Govern your own trading career!
Call now. Our executives are standing by to assist you.
- Lectures 11
- Quizzes 0
- Duration 3 hours
- Skill level All levels
- Language English
- Students 0
- Assessments Yes