The Pip Academy - Level 5 : The Guardian - Risk Management & Psychology
Advanced
by Brokertools Team
Approx. 19 min
What You'll Learn
- Implement the "1% Rule" to protect your trading account from large losses.
- Properly set a stop-loss order on every trade you take.
- Calculate the correct position size before entering any trade.
- Evaluate any trade setup using the Risk/Reward ratio.
- Recognize how fear and greed can negatively impact your decisions.
- Develop the discipline to follow your trading plan without hesitation.
- Cultivate the patience to wait for only the best trading opportunities.
About This Course
Welcome to the big leagues. In this pivotal level, we move beyond charts and strategies to focus on the two pillars that separate amateur traders from professionals: protecting your capital and mastering your mind.
First, we will build your fortress. You'll learn the iron-clad rules of risk management that are non-negotiable for long-term survival. We'll show you how to use a stop-loss effectively, how to calculate the correct position size for every single trade, and how to ensure your potential wins are always worth the risk.
Next, we'll venture into the final frontier: your own mind. We will confront the two demons of trading—fear and greed—and give you the tools to conquer them with the two angels: discipline and patience. Mastering this "inner game" is the final key to unlocking consistent performance.
First, we will build your fortress. You'll learn the iron-clad rules of risk management that are non-negotiable for long-term survival. We'll show you how to use a stop-loss effectively, how to calculate the correct position size for every single trade, and how to ensure your potential wins are always worth the risk.
Next, we'll venture into the final frontier: your own mind. We will confront the two demons of trading—fear and greed—and give you the tools to conquer them with the two angels: discipline and patience. Mastering this "inner game" is the final key to unlocking consistent performance.
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