👉 Traders can make money even if they’re wrong 2 out of 3 times

5 principles to level up your trading game (Part 2)

Principle 4: Let Your Winners Run

Just as you should avoid having unlimited exposure to risk, make sure you have unlimited exposure to reward

That means letting your winners run

Price can run a lot further than you initially expected

Raise your stoploss as the trade proceeds or set a trailing stoploss

This removes the limit on your potential reward for each trade

Principle 5: Diversify Your Trades

Many assets and indices have a tight correlation or inverse correlation

If you have too many correlated trades, it can make you overly exposed to a macro variable

Fix this by watching a diversified universe of indices, stocks and futures