Full time trader, Chart Gal Lori discusses her experience in trading, admitting to having blown up three accounts: an options account, a futures account, and a commons account. She prefered a hands-on approach to learning, which led to risky decisions, particularly when trading with real money. She emphasizes the importance of recognizing when things aren't working, advising traders to take a break if their account loses 50% of its value, as the likelihood of losing the remaining balance becomes significantly higher if proper risk management is not quickly adopted.
Full time trader, Chart Gal Lori discusses her experience in trading, admitting to having blown up three accounts: an options account, a futures account, and a commons account. She prefered a hands-on approach to learning, which led to risky decisions, particularly when trading with real money. She emphasizes the importance of recognizing when things aren't working, advising traders to take a break if their account loses 50% of its value, as the likelihood of losing the remaining balance becomes significantly higher if proper risk management is not quickly adopted.
