By the end of this session you will:
- Understand the #1 goal and priority in trading and why it’s so important
- Understand the two major paths that most often lead to losing your trading capital
- Know the basic terms regarding equity curves and risk, while understanding the math and psychology behind being able to recover from losses
The benefits this session will give you:
- To survive your learning curve and last for the long-run, you need to have an intimate understanding of the realities of risk and losses- both from a mathematical and psychological standpoint. We delve into this in this session, while preparing the way for a practical application of all the principles.
Understanding Drawdowns and Risk of Ruin Key Takeaways (PDF)