Description

In this episode we talk about 6 tips to help you prevent another account blowup.

When traders lose all their capital, it can be a very emotional time.

And of course, everyone knows the obvious - if you can improve your risk management, it should never happen again right? Wrong.

There are many psychological and technical reasons that traders blow-up their accounts.  I share with you 6 tips that will help you get to the root cause and make foundational fixes.

This episode includes discussion on:

• Starting capital for new traders - the answer will surprise you
• Scaling your trading, position sizing and growing your account
• Setting daily drawdown, limits and how to use your broker for help
• The surprising benefits of an accountability partner
• If it's broke... don't fix it yet - how to overcome challenges the right way
• Why YOLO'ing your trading account will never work out - even if you made $10,000,000 overnight

I hope you enjoy listening to this week's show.

Resources

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