Since it’s a holiday and the market is closed, I want to run back something I covered last year that’s crucially important: How I manage MY risk.
Please note that I am NOT a money manager, and I’m NOT giving you specific advice about how to manage your risk.
This is just how I manage mine, and for me, it’s all about my P/L — my profit and loss statement.
It’s up to each and every one of us to figure out how much we can risk in trades… because you can lose it all.
So don’t be this guy — always respect the risk!
The team at Lance Ippolito Trading
Lance doesn’t want the CCP spying on him, so you’ll never find him on TikTok. Same goes for other social media sites, which are filled with impersonators and scammers.
You can only find him on his personal YouTube Channel — smash that Subscribe button! https://www.youtube.com/@LanceIppolito
And in his private Telegram channel: https://t.me/+-gVwEIwGJhplMTgx
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.