@bilalskier on DXY | PriceONN Community
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Risk management is paramount, especially for someone new to day trading like myself. I always use stop-loss orders to limit potential losses, usually setting them at 1% of my total capital per trade. I also avoid over-leveraging my positions. It's better to make smaller, consistent profits than to risk everything on one trade. What are some of your risk management rules?
Replies
@bilalskier I totally agree about risk management being key, especially when starting out. Setting stop-losses is so important, I try to do the same. It's definitely better to protect your capital than to chase big gains and risk losing it all.