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Risk Management in Trading
Specs: 17 mins, 56 secs | 8.3 MB
  Ron Rascati is a trader who has been profitable for the past three years. We talk about how he uses simple suport and resistance levels and a 50-day moving average to find trading opportunities. We also talk about how much he risks on each trade and about his way of using stops. You'll also learn how to keep a winning trade from becoming a loser by waiting too long to close a position.

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Risk Management in Trading


TraderInterviews.com: Hello everybody and welcome back to TraderInterviews.com. As always, thanks for joining us for another interview this week. A couple of things, make sure you go over and visit the Idea Lab because we had a good discussion there about whether or not I should ask traders how much money they make and there were some feedback in both ways about that and some ways we can do that that wouldn't delve into people's private lives too much so you might want to take a look at that and add your two cents there. And if you have a trading strategy, you're looking for some feedback on that you think is working for you but maybe you want some interesting ideas from other traders about how maybe to approach that strategy in a different way, you can post your ideas there. And sign up for our newsletter while you're over there because we send out exclusive interviews basically to newsletter subscribers every couple of months that aren't available anywhere else. So our interviewee today is Ron Rascati and he is a trader, have been full-time, been profitable for the last three years. We'll talk to him about whether he's full-time or part-time because I don't the answer of that question but we'll talk to Ron about how he got into the markets and his overall approach for his philosophy as well. So, Ron, takes very much for joining us today.

Ron Rascati: Thanks for having me, Tim.

TraderInterviews.com: So first question, full-time or part-time?

Ron Rascati: I am a part-time trader.

TraderInterviews.com: OK. So you've been profitable for the last three years. I'm going to jump right into this and ask you how long did it take you to get to that point?

Ron Rascati: It took me a good two years before I was profitable. I made some mistakes in the beginning like everyone and I slowly learned in my third year I was able to make a profit. ...

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