Risk Management Alone Will NOT Make You Profitable.

Exciting News: Paid Subscriptions Have Launched! 🚀

On September 1, we officially rolled out our new paid subscription plans at GuruFinance Insights, offering you the chance to take your investing journey to the next level! Whether you're just starting or are a seasoned trader, these plans are packed with exclusive trading strategies, in-depth research paper analysis, ad-free content, monthly AMA sessions, coding tutorials for automating trading strategies, and much more.

Our three tailored plans—Starter Investor, Pro Trader, and Elite Investor—provide a range of valuable tools and personalized support to suit different needs and goals. Don’t miss this opportunity to get real-time trade alerts, access to masterclasses, one-on-one strategy consultations, and be part of our private community group. Click here to explore the plans and see how becoming a premium member can elevate your investment strategy!

Stay informed with today's rundown:

Today, we will dive into “Backtest results for Larry Connors "Double 7" Strategy" 👇

Last month, I made $20k from day trading, but getting to this point wasn’t easy. Finding my edge took time and a lot of trial and error. It’s not like I woke up one day and suddenly everything clicked. I’ve had to go through plenty of losses, tweaking my strategies, learning what works for me, and what doesn’t.

I’ve been day trading for years and have made thousands of dollars over time, but I can tell you from experience that risk management alone isn’t enough to succeed. Sure, it’s essential to protect your capital and prevent blowing up your account, but if all you focus on is managing risk, you’re missing the bigger picture.

The market is constantly changing. What works one week might fail the next. It’s not just about setting stop-losses or sizing positions properly — you need to understand market conditions, timing, and know when to adapt your strategies. I’ve had to adjust my approach countless times depending on market sentiment, volatility, and patterns I’ve seen before.

Check Out Our Premium Content Articles

Yeah, I’ve avoided some big losses thanks to risk management, but it’s my ability to recognize solid trade opportunities, know when to cut losses, and stay patient until the right setup comes along that’s made the real difference. If I had relied on just minimizing risk, I probably wouldn’t have seen anywhere near the profits I’ve made.

Risk management keeps you in the game, but skill, strategy, and adapting to the market are what actually bring in the money.

Connections in day trading are way more important than most people realize. It’s easy to think that trading is just you against the market, but having a network of other traders, mentors, or even just people who understand the financial world can make a huge difference.

For me, talking to other traders, sharing ideas, and getting different perspectives has been invaluable. There’s only so much you can see from your own point of view, and sometimes a conversation with someone else will open your eyes to something you missed or confirm a strategy you were unsure about. It’s helped me avoid costly mistakes and even spot opportunities I wouldn’t have considered on my own.

Also, having people to talk to about the emotional side of trading has been huge. Trading can get lonely, and the ups and downs can mess with your head. Being able to bounce ideas off someone who gets it, or just talk through tough days, has helped me stay grounded.

Connections don’t guarantee success, but they can help speed up the learning process and give you insights that would take years to figure out solo. In my experience, they’re a key part of developing as a trader.