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Practice Trading Without Money In Michigan
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FAQ
Chasing high leverage and massive profits without a strategy. Thinking trading is a shortcut to riches leads to reckless decisions. No stop-losses, over-leveraging, or risking too much capital on one trade. Fear, greed, and revenge trades cloud judgment, leading to irrational moves.
The 3 5 7 rule is a risk management strategy in trading that emphasizes limiting risk on each individual trade to 3% of the trading capital, keeping overall exposure to 5% across all trades, and ensuring that winning trades yield at least 7% more profit than losing trades.
Yes, of course you can make $100 a day trading with $100. Just invest $100 to buy a stock that will go up 100% before market closes.