IN THIS LESSON

Protect your capital !!!

Day trading can be thrilling, but success hinges on smart risk management! This video by Umar Ashraf dives into 3 key strategies to help you survive and thrive in the fast-paced world of day trading.

  • Master Position Sizing: This means knowing exactly how much capital to allocate per trade. Beginners should start by risking only 1-2% of their account size.

  • Stop the Losses Before They Stop You: A stop-loss order automatically exits your trade when the price reaches a predetermined point, minimizing potential losses.

  • Focus on the R Multiple: This ratio compares the potential reward to the potential risk on a trade. Aim for an R multiple that ensures you're making more than you're risking.

By mastering these risk management techniques, you'll be well on your way to becoming a more confident and successful day trader. Watch the video to learn more and take control of your trading journey!