RISK MANAGEMENT
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Mark Douglas, in his book 'The Disciplined Trader', says successful trading is 80% money management and 20% strategy. This is where Risk Management comes into the picture
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Risk Management is one of the most important part of trading for becoming a successful trader which is unfortunately ignored by most of the traders.😇
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Believe it or not, Many traders and investors who do not give much importance to risk management aspect while trading or investing and hence end up losing big money.
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Another important point which one should always remember is, the bigger your loss, the more difficult it gets to recover it in the future.
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Therefore , Loss must be small & profit should be boss of loss😁
Specially in Options Trading
Nifty50 , Banknifty & Stock options.
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Note: This post is for educational purpose only.
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Hope you all have enjoyed & found it helpful🙏🏻
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