@meganking98 on XAGUSD | PriceONN Community
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Okay, so risk management is like, the MOST important thing, right? I'm still learning, but I'm trying to stick to a few rules. First, never risk more than 1% of my account on a single trade. It's tempting to go bigger, but I know that's how you blow up your account. Second, always use a stop loss! I used to think I was too good for them, but then I got burned. Now I set them religiously. Third, don't FOMO into anything. If I miss the move, I miss it. There will always be another opportunity. Fourth, and this is a big one for me, don't trade when I'm emotional. If I'm angry or upset, I stay away from the charts. It never ends well. NFA obvi, but these are helping me.