Sat, 10 Jul|
Kahibah Sports Club
ATAA Newcastle Chapter Face to Face Meeting
Topic: Risk Management: The Importance of Following the Correct Elements
Time & Location
10-Jul-2021, 11:00 am – 3:00 pm GMT+10
Kahibah Sports Club, 63 Kenibea Ave, Kahibah NSW 2290, Australia
About the Event
Ask any professional trader the secret to success and they will most likely mention Risk Management as the key factor. Effective Risk Management is a combination of different elements like Win/Loss Ratio, Correct Position Sizing, Risk-to-Reward Ratio, etc., with each of these varying in degree of importance.
Knowing which are the more important elements is crucial to consistently growing the account. For example, a common misconception is the importance of the Win/Loss Ratio. Most traders tend to give priority to this, rather obviously, as having a larger number of winning trades is beneficial to the account.
The simple fact is that losing trades are dependent on market forces and something that a trader cannot control. Hence concentrating on this would be incorrect.
In this webinar, we will focus on each of these elements and find out the most important one that a trader should concentrate on.
Understanding the proper one ensures account growth and, more importantly, determines what kind of market should be traded and on what time frames to trade.