Wealth And Health Podcast

Why do 90% of traders fail? It's not because they pick bad stocks—it's because they ignore basic risk management rules. In this beginner-friendly episode, I teach you the 5 iron rules that professional traders follow to survive and thrive in the stock market. Here's what you'll learn: ✅ Rule 1: The 50% Rule – Never use more than 50-60% of your account (always keep cash in reserve) ✅ Rule 2: The 20% Rule – Never put more than 20% of your money in one stock (diversify or die) ✅ Rule 3: The Duration Rule – Only sell options that expire in 7-21 days (avoid long-dated options—they're dangerous) ✅ Rule 4: The Roll Rule – Close or roll any options beyond 21 days (don't let old positions blow up your account) ✅ Rule 5: The War Chest Rule – Keep cash ready to buy when the market crashes (use SGOV or BOX to earn interest while you wait) Bonus Tips: The 75% profit rule: Close your trade early if it's up 75% fast (don't get greedy) Why SPX and XSP save you money on taxes (Section 1256 explained simply) How to use AI (lik