Risk Management for Beginner Traders

You can be right about the chart and still lose. What decides it is how much you risked. Learn every chart pattern you like; an account still blows up on sizing. What decides whether you survive is three decisions most beginners never think about: how much you buy, where you get out if you are wrong, and what you do after a run of losses. Risk Management for Beginner Traders teaches the second half of trading, the part that works with any strategy. In plain English, with worked examples in dollars and a $10,000 account as the running case, you will learn to:

• Decide your maximum loss before you enter, using the 1% rule
• Place stops by structure, by volatility (ATR), and by time
• Calculate the right number of shares with one simple formula
• Measure every trade in R and see instantly whether you have an edge
• Be wrong more often than right and still make money
• Survive losing streaks, gaps, and the urge to revenge trade
• Cap your total risk across several open trades
• Write a one-page risk plan you can actually follow

Inside: 14 short chapters, 20 colour charts, position-size lookup tables, five complete worked trades from plan to result, and check-yourself questions with answers after every chapter. No hype and no promise of profits. Just the rules that keep you in the game long enough to learn. Note: all charts use simulated price data, designed to show one idea clearly. This book does not give financial advice.