⚡ Tim Racette (Risk Management Strategies) from Lightning Round #3

Summary:

• Create an asymmetrical reward to risk ratio.

• Determine your max drawdown.

• The importance of having a data set.

• Create extra parameters before entering the trade.

• How can I trail my stop on a trade?

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⚡ eBook: "7 Risk Management Strategies: Top Traders Share Their Best Tips"
https://timingresearch.com/LR3POD

 

This episode: Tim Racette from "7 Risk Management Strategies: Top Traders Share Their Best Tips"

 

Bio: Tim grew up in the Chicagoland area and now lives in sunny Scottsdale, AZ. He got exposed to the trading floor at an early age and has been a full time trader since October 2009. He day trades the E-mini futures and swing trades stocks & options. He has had the pleasure to speak at numerous TradersEXPO’s and compete in real money trading challenges with some of the industry’s top trader’s, like John Carter (and win!) In addition to being a trader, he also competes in mountain bike races across the US.

 

LR3 Description: We asked several professional traders to record a short summary of how they handle risk management in their trading. From position sizing, to stops, to sector rotation, this group of videos has tons of valuable info to help you hold on to more of your trading profits.

 

The Lightning Round (LR) is a new series from TimingResearch in which we will bring you shorter presentations from a variety of experts on narrower topics. Visit http://timingresearch.com to access our full catalog of free educational info for traders and investors.

 

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