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CONTENTS ix

โ† Back to The New Trading for a Living Overview

CONTENTS ix

NINERisk Management197
48. Emotions and Probabilities197
49. The Two Main Rules of Risk Control202
50. The Two Percent Rule203
51. The Six Percent Rule208
52. A Comeback from a Drawdown210
TENPractical Details215
53. How to Set Profit Targets: โ€œEnoughโ€ Is the Power Word215
54. How to Set Stops: Say No to Wishful Thinking219
55. Is This an A-trade?225
56. Scanning for Possible Trades230
ELEVENGood Record-Keeping
57. Your Daily Homework234
58. Creating and Scoring Trade Plans238
59. Trade Journal243
A Journey without an End:
How to Continue Learning249
Sources253
Acknowledgments257
About the Author259
Index261