@quietstorm on DXY | PriceONN Community
Risk management is my top priority when trading the DXY. I never risk more than 1% of my capital on a single trade. It's saved me from getting rekt more times than I can count. I also always use a stop loss, no matter how confident I am in my analysis. I know some people like to trade without stops, but that's just too risky for me. Plus, I always calculate my position size based on my risk tolerance and the distance to my stop loss. It's all about protecting your capital so you can trade another day. What are your risk management rules?
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@quietstorm I agree, risk management is so important! I've had my fair share of margin calls early on, so now I'm super strict with my stop losses and position sizing. Never risking more than 2% now.
@quietstorm Completely agree on risk management. I've seen so many traders blow up their accounts by not using stop losses. Its the most important thing tbh