{"id":175736,"date":"2020-09-08T19:46:00","date_gmt":"2020-09-08T23:46:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/trading-lessons\/step-3-risk-management-and-your-trade-plan\/"},"modified":"2023-05-04T14:03:30","modified_gmt":"2023-05-04T18:03:30","slug":"step-3-risk-management-and-your-trade-plan","status":"publish","type":"trading-lessons","link":"https:\/\/www.interactivebrokers.com\/campus\/trading-lessons\/step-3-risk-management-and-your-trade-plan\/","title":{"rendered":"Step 3. Risk Management and Your Trade Plan"},"content":{"rendered":"<p><a href=\"https:\/\/www.cmegroup.com\/education\/courses\/building-a-trade-plan\/risk-management-and-your-trade-plan.html?utm_source=traders_academy&amp;utm_medium=link&amp;utm_campaign=academy_relaunch&amp;utm_content=building-a-trade-plan&amp;utm_term=lesson-4-risk-management-and-your-trade-plan\" target=\"_blank\" rel=\"noopener noreferrer\">Original study notes from CME Group Education<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Risk management is absolutely essential in successful trading. At the outset, all you need to do is simply define your risk management approach and any specific rules you intend to use.<\/p>\n","protected":false},"author":850,"featured_media":0,"parent":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"footnotes":""},"contributors-categories":[13577],"traders-academy":[13125,13128,13132],"class_list":["post-175736","trading-lessons","type-trading-lessons","status-publish","contributors-categories-cme-group","traders-academy-beginner-trading","traders-academy-level","traders-academy-trading-lesson"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Archives | Traders&#039; Academy | IBKR Campus<\/title>\n<meta name=\"description\" content=\"Risk management is absolutely essential in successful trading. 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