This video is dedicated to the management of risk past our harmonic predictions. In trading, it is best to remove emotions from our thinking process. By setting tight trailing stop losses we can minimize our losses and capitalize on our gains. In addition, we will introduce a method to account for unforeseen circumstances in the market. This is accomplished by setting a fixed loss for every trade, no matter if we make money or not. In the next video I will introduce another risk management method for our total portfolio equity. By imposing restrictions at an account balance level, we can further exercise caution in our trading practice. Thanks for watching!