How to corrently account for risk?

aa6972

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Currently reading "trading in the zone" and it mention setting stop loss itself is not managing risk. Can I ask apart from the following what else is there?

1. Setting stop at support or resistance level.
2. Look and what news event could be coming up that will affect the trade.
3. Using position size to limit the loss of each trade of the overall portfolio.
4. Using indicator to check for crossover, overbought and oversold signal

And should the potion size be different when trade in different time frame?

e.g Say you are trading off a daily chart, do you use a larger potion of the portfolio to allow for stop loss then you would if you trade off a 1 min chart?

*Mis-spell correct in the title, sorry about that...
 
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