If you had 1 minute with someone who wants to learn trading

If you had 1 minute with someone who wants to learn trading, what would you say?

These are some of the absolute essentials:

  1. Jack SchwagerThere is no single right methodology, but there is a right methodology for each trader, and it will be different for every trader. The first job of a trader is to find his or her methodology.
  2. Risk management is more important than the trading methodology.
  3. Know your maximum portfolio risk before you start trading.
  4. In regards to individual trades, in the words of Bruce Kovner, “Know where you will get out before you get in.”

Jack Schwager

Igor Marinkovic

Electronic engineer, futures trader and property investor and total beginner in making good web sites

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