The Psychology of Risk For Traders

A Proper Understanding of Risk is Crucial to Your Success!

The world is an uncertain and risky place. I’m sure this is no surprise to you. Risk is everywhere and associated with almost everything.

And, like it or not, risk is a big part of trading. Losses are going to happen, and we’ll all have to deal with them on a regular basis.

Anytime you place a trade, the trade may result in losses.

In fact, it won’t work more often than we’d like to think, and the traders who come out on top, despite the inevitability of losses, are the ones who are really good at managing risk.

The good thing is that we’re all risk managers, whether we’re aware of it or not – as humans, risk management is just part of our DNA.

In life, we’re continually weighing the costs and benefits of every decision we make.

But, in a game like trading where the potential to get rich quick is omnipresent and irresistibly enticing, it’s easy to get confused about how to maximize our chances of success.

Developing a More Thoughtful Approach to Risk

To come out on top as a trader, one has to learn to approach risk in a more calculated and rational way,and the Psychology of Risk for Traders mini-course is designed to help you with that.

My goal with this mini-course isn’t to come up with yet another guide on the mathematics and logistics of risk — how much you should risk on your trades, how to position size, where you should place your stop-losses, etc.

There’s already a ton of info on that on the internet — just type risk management in trading on Google or Youtube and you’ll get hundreds of results.

Instead, I want to offer something different:I want to help deepen your current understanding of risk.

This is important because you can’t expect to be fully proficient at managing risk if you don’t fully understand it.

Deepening Your Understanding of Risk

Here are some ideas we’ll explore in this mini-course:

• What is risk?

• What is Thoughtful Risk Management, And Why is It So Vital?

• The Upside of Risk

• The Upside of Risk

• Human Fallibility and Attitudes Towards Risk

• Asymmetric Risk

• Tricks to Better Manage Risk

Becoming a More Effective Trader

Traders tend to understand fairly easily the mathematics and logistics of risk, yet the psychology of risk is where they fall short.

The Psychology of Risk for Traders mini-course will help you develop a more thoughtful approach to risk management so that you can begin to manage uncertainty and minimize adverse events more effectively, in the market, but more broadly in your life.

You don’t have to like risk. But you will have to manage it if you want to thrive as a trader. Then, why not do it effectively?

Take this course and I guarantee that you’ll have a completely different take on risk; it’ll improve your capacity to manage it; it’ll improve your confidence, and the results will begin to show very quickly.

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Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!