Ben Watson is joined by Education Coach Ben James Boyd to put all the lessons together to answer the Third Question in planning Your First Trade – how to manage risk. Also, a demonstration of Position Size and Portfolio Risk calculations and an example trade on the thinkorswim platform.
Your First Trade
20 Oct 2023
SHARE
Cookies on Schwab Network sites
Schwab uses cookies to aid performance, tailor preferences, and for other functions to ensure that you get the best investing experience on our websites.
Adjust cookie settings
Websites you visit, including ours, may store or retrieve information on or about your browser, mostly in the form of small files called cookies. Their primary purpose is to help ensure the site works as intended.
Your privacy is important. We want to make sure you understand the kinds of cookies being used and make it easy for you to manage your preferences. See the details below. Be aware that blocking certain cookies can impact your experience on the site and the services we are able to offer.
Required
Our sites need these cookies to function. They are usually set when you take a specific action, such as logging in, setting your privacy preferences, and completing forms. These cookies cannot be turned off.
These cookies help us track how our site performs, such as counting visits, traffic sources and other data points. They help us learn which pages perform best, which ones need work, and how visitors like you navigate the site. This data is analyzed at an aggregate level. If you turn these cookies off, it will be harder for us to know how our site is performing and how to improve it.
These cookies help us personalize our sites and enhance how they function. They can be set by us or by a third-party provider servicing our pages. If you turn these cookies off, some or all of those services may not work properly.
We work with advertising partners to enhance our digital marketing. They may use some of the data collected from marketing cookies to inform the ads shown to you on other sites. These cookies might help us identify your browser or device, and do not capture details like your name or email address. If you turn these cookies off, you will still see digital ads—they will likely just be less relevant to your needs.
While our sites use cookies that can collect information stored on your browser or device, rest assured that Schwab does not “sell” your personal information in the usual sense of the word. That is, we do not provide your information to third parties in exchange for money.
As we noted above, we use cookies to make our sites work like we believe you expect them to. We also use cookies to capture information about your browser or device. These marketing cookies may be shared with certain providers for marketing purposes including influencing which kinds of ads you may see on other sites. Such sharing may be considered a “sale” or “share” under the California Consumer Privacy Act.
If you are a California resident, you can use the toggle above to opt out of the “sale” or “share” of your personal information, as those terms are defined in California law. Simply move the button to the green position and we'll stop using cookies to track information about you for marketing. Some cookies, such as those necessary for site functionality and performance, cannot be disabled.
Want to know more about the information we collect? See our privacy notice for California Residents.