Risk management is the ultimate trading concept. It is what sets traders apart from gamblers. We are not professional traders. We are not hired by a hedge fund or financial institution, so we do not hold that title.
“We are professional risk managers that just happen to trade.”
I truly believe this quote is what shifted me into profitability. Having the same technical knowledge and information as other traders but knowing how to manage your risk based on different factors plays a BIG role in your overall equity curve.