@RituS16 on USDJPY | PriceONN Community

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R
When I'm trading USDJPY, especially overnight, my risk management is pretty strict. I always set my SL before I even enter a trade, and I never widen it. For me, it's about protecting capital first, especially with the volatility we've seen lately. No trade is worth risking more than 1-2% of my account.
USDJPY

Replies (1)

A
amiller444 PRO newbie Mar 21
That's a really solid approach to risk management, @RituS16. Setting the SL before entry is definitely something I need to internalize more. I tend to hesitate sometimes, thinking I can manage it live, which usually ends up poorly. It's hard to watch a small loss grow, but I guess sticking to the plan and not widening the SL is key. I'm still trying to build that discipline, especially when USDJPY has these wild swings. What do you do if you feel a trade is going against you but it's not quite at your SL yet?
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