The5ers Classes are live demonstrations of advanced trading concepts explained at the beginning of each session.
In this class, Ruben demonstrated how good psychology enhanced good risk management. This is something The5ers analysts repeat many times. Risk management is the key to success in trading for the long term.
Being patient and waiting for your decision zone will considerably increase your risk reward. Taking a trade a bit earlier will reduce your reward, or even worse, increase your losses by entering at a bad entry point.
Waiting for good timing is definitely not easy, but you will often have to let your trades go and move to another opportunity.
Risk management and psychology are inevitably connected.
– Join us at The5%ers Traders Support Group. Come and introduce yourself, share opinions, and publish your trading ideas! Open for everyone.
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