TradeSmart University – Advanced Trading Strategies- Risky Business
Risk management is the #1 skill a trader can learn. Ironically most people never even consider it, much less take the time to master it. Most people think the best way to make more money is to win more trades, but Risky Business turns that theory on its head and shows how to make massive profits, even if you lose on more trades than you make money with.
Risky Business presents one of the most predictable and systematic approaches to risk management currently available to the trader. It teaches traders how to focus on high probability trades while at the same time using basic market odds to anticipate how much money can be used to risk on each trade. Traders who have used the Risky Business principles find their trading accounts literally turn around overnight and help them become wildly profitable traders. You too can make all the money you want in the market – just learn to manage your risk.
In this program, TSU Alphonso Esposito reveals a trading system known as “R’s” trading. It takes the same principle of cash management from a casino and shows a trader how to think like a casino, making money overtime on a consistent basis. R’s trading helps the trader “common size” their risk and their reward, so they know before they ever get into a trade how much they will make and what the worst-case scenario is in the event of a loss.
The system of R’s Trading works for all markets, Stock, Futures, Forex, and Options. When he first saw this system, TSU Co-Founder Jeremy Whaley said “every trader needs to know this – this changes the game”.