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Overview
This course is more than simple rules, this class explores and shows you how to accurately calculate the risk involved with each trade. Learn that while the market is uncontrollable, your risk is.
Description
You Can't Control the Market - But You Can Control Your Money's Risk
Selling Short - for many, this is mysterious, for others it is vaguely risky, illegal or even somehow immoral. But if you can learn to use the other side of the market, additional profit potential can be found in the market.
This course is more than simple rules, this class explores and shows you how to accurately calculate the risk involved with each trade. Learn that while the market is uncontrollable, your risk is. The institutional side of the market is a "Sell" organization, don't you think you should know how to make money like they do?
This course will take you through:
The true meaning of win/loss ratios
The psychology of traders
Understanding your trade plan - the entry, the goal and the stop loss
How to calculate risk/reward ratios
How to "map" it all out
Why stops are important and EXACTLY where to place them and WHY
How to use trailing stops
How to harvest profit
But mostly, this course is designed to get you to "see" how much should be risked per trade.
Brandon Wendell, Online Trading Academy Lead Instructor, will show you step-by-step how to calculate your trade by:
Size of Account
Number of Positions
Cost of Instrument
Assigned Risk
….and how to come up with the correct position size to optimize your profits at a risk level that you are comfortable with.
Join Brandon Wendell on the interactive exercise in learning exactly what you can control!
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; "Controlling the Trade CD")
