Intro to Risk / Money Management – Stop Loss & Take Profit
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Question 1 of 5
1. Question
Every strategy has a different definition of the amount we’re willing to risk and the profit target:
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Question 2 of 5
2. Question
A vast difference between a newbie trader and a very experienced one is that a professional trader has already traded many markets, seen a lot of capital drop, and gained many profits as part of their experience. They know that by opening a trade, you need to predefine stop loss and take profits:
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Question 3 of 5
3. Question
Having a take-profit order will not close the position in the profit that you’ve defined:
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Question 4 of 5
4. Question
Trying to predict where the market will go is filled with ego and has nothing to do with trading:
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Question 5 of 5
5. Question
Placing take profit and stop loss areas will not allow you to manage your account without sitting in front of your trading system:
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