Part 7/8:
The author discusses various trading systems, including the critical role of psychological indicators, volume analysis, and the understanding of market trends. The "triple screen trading system," which combines different time frames and indicators, serves as an effective method for discerning optimal trades.
The author's suggestions for managing risk emphasize the importance of placing stop-loss orders immediately upon entering trades. Efficient money management ensures that a trader's risk is capped, protecting against potential losses that could otherwise decimate their accounts.