Mark Douglas put this perfectly: "An edge is nothing more than an indication of a higher probability of one thing happening over the other" Author of "Trading in the Zone".

Mark Minervini certainly knows a thing or two about risk management. Without it, it is highly unlikely that a trader, or even an investor, will successfully go through more than a single market cycle, or even survive it. Mark Minervini #RiskManagement

Some impressions:

Some more impressions:

Some of the features for the final release:

Money management is oftentimes neglected because it isn't thrilling nor exciting. However without being a cold systematic robot when it comes to risk you can't be a boy plunger when it comes to profit opportunity. A trader must possess both of these contrary skills.

All the hype was too much for $NVDA to simply follow a normal clothesline. Stocks jumped up a level.

Ideally you want to find the risk/reward ratio which is the best fit for YOUR setups and YOUR system. 4R and 20% win rate was right for Paul Tudor Jones but maybe for you it's 2R and 34% win rate?

Cutting losses is vital. The 7-8% rule of thumb can be helpful until you learned to properly set stop loss levels on a chart based on prior price and volume history. Here is a guide: thweis.com/sensible-botto… John Boik #StocksToBuy

We are still in development and a public BETA will start within the next month or two (fingers crossed🤞). Feel free to check out the landing page at tradealyze.com to learn some more about how Tradealyze can improve your money & risk management. #StockMarket

Money management isn't rocket science. You just need some proven methods and techniques to keep your overall system above that curve right here. There are many ways to skin that cat. #trading #stockmarketnews

The money management app Tradealyze we are developing right now gives you a lot of freedom to manage your positions/portfolios as you wish... But it also encourages you to do more of the right things. Not in general but based on your prior actions.

Agree, it doesn’t pay to make forward predictions beside relying on proven patterns. There are moments when the market and stocks provide you with rational signals… in between its still mostly irrational ‚magic’ as the market tends to find a way higher in irrational fashion.

Volume and price is truly everything you need to pay attention to. The difficulty lies in the fact that those patterns are hard to detect in real time.

🎓Stock trading education: How do you “work the entry”? thweis.com/faq/how-do-you… via @thweissxfx