Episode Description

You should only look to execute a position when you can have your stop loss as close to your entry as possible. This is the only way the smart money does it and how you should as well if you want to make money with the smart money on a daily basis if you desire to day trade. 

I do not encourage you to day trade however if you must; you need to have all the probabilities of having a positive outcome in your favor, the smart money certainly does.

What makes a high probability setup you may ask? What criteria are needed for a high probability setup? Well, that is really up to you and how you have it set up in your rule-based trading plan you work from for whatever instrument you are working in the market. You do have a rules-based plan, don’t you? 

Please share my podcast and links with all your social media contacts and friends who are just beginning their journey into the business of making money with money, and let your beginner trader friends know about Beginner Trading 101 with J.R. Calcaterra Podcast they will love you for saving them a lot of time, stress and money.

Find J.R. Calcaterra at his main blog: https://jrcalcaterra.com

Support the show https://www.patron.com/BeginnerTrading101withJ.R.CalcaterraPodcast