Risk, Levels & Faith
Risk
Risk Management is Job #1
As traders we are passionate about chasing our goals and to name a few:
Freedom from a “Boss”
No Debt
Large Bank Accounts
Exotic Vacations
Or maybe just knowing the bills are “paid up” when you lay down at night.
Our goals, dreams, and salvation is why Risk Management has to be Job #1
Risk
Levels
Moving averages, anchored volume weighted average price (avwap), volume weighted average price (vwap). Putting it all together as your own trade, back testing, developing confidence this is the shortcut to success. Life can also be thought of in levels. Childhood, young adult, adult, raising children, careers, etc. Combining life “levels” is what defines who you are today and how you make decisions.
Faith
Faith: Complete trust or confidence in someone or something. Oxford Language Dictionary. Market Education, training, and experience develops trust in your trade. Trading setups require the education, training, discipline and “screentime” to be consistently profitable. Life experiences to include failures and successes develops confidence in your personal ability. Me experience has been that confidence in life is easier with an understanding of Jesus Christ.