@chloe115 on EURUSD | PriceONN Community
My main rule is never to risk more than I can afford to lose on a single trade. It sounds simple, but sticking to it when I see red numbers is tough. I've also decided to always set a stop-loss, even if it feels like the price is going to turn around. Just got to be disciplined, I guess.
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And another thing about risk is, I try not to chase losses. If I have a bad trade, I usually just step away for a bit. It's tempting to try and make it back immediately, but that's when I usually make even bigger mistakes. Like yesterday, I lost a bit on EURUSD and then tried to go long again too quickly and ended up losing more because I didn't wait for confirmation. So yeah, taking a break when things are going bad is key for me. It's hard though when you see the price moving and you feel like you're missing out on something.