Tips to Prevent Account Blowups
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 This episode WILL help you come to powerful realizations and create lasting change. I hope you enjoy listening to this week's show. Resources Enjoying this podcast? We’d appreciate it if you can drop us a rating and review on iTunes here Connect with our community online: Trade Pro Academy Catch up with our earlier episodes: Mind Over Markets Podcast Join our FREE trading room here Follow me on Instagram here and on Twitter here.