@deepika1460 on BTCUSD | PriceONN Community
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Risk management is everything. I don't care how good your analysis is, if you can't control your losses, you're just gambling. Always set your SL, no exceptions. For me, it's a strict 1% of account balance per trade. That's it, no more.
Replies
Deepika, you're preaching to the choir. Risk management is key, but it's like screaming into the void sometimes. Brokers widen spreads like crazy during news events, making your SL useless. And then there are the 'whales' and algorithms designed to sniff out every stop loss order. I had a trade yesterday where my SL was set at 77340 and it wicked down to 77330 for like half a second and BOOM, out. Pure manipulation.