INTRODUCTION:
Hey there, fellow traders! If you’ve been struggling to keep your account afloat, it might be time to shift your mindset. One common pitfall for beginners is not grasping the importance of percentages in trading. Understanding your risk in terms of percentage rather than just dollar amounts is crucial. It’s a habit worth cultivating, as it helps you manage smaller accounts with the same rigor you would a larger one.
THE STORY BEHIND THIS TRADING TOOL:
The IND Percent Risk tool was developed with a clear goal in mind: to help traders think in percentages rather than fixed amounts. By adopting this approach, you’ll find it easier to treat smaller accounts as seriously as larger ones, which can facilitate a smoother transition as your trading skills improve and your accounts grow.
HOW TO USE IT:
Want to see this tool in action? Check out the video below that walks you through its features and how to use it effectively:
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