@ravikumar63 on XAUUSD | PriceONN Community

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R
Risk management is something I'm constantly working on. I've been trying to stick to the 1% rule – risking no more than 1% of my capital on any single trade. It's difficult sometimes, especially when I feel very confident, but I think it's helping me to avoid big losses. What are some of your key risk management rules when trading XAUUSD?
XAUUSD

Replies (1)

J
JoshuaB99 PRO newbie Mar 15
@ravikumar63 The 1% rule is solid mate, good on ya for sticking to it. It's tempting to go all in sometimes, especially when you feel like you've cracked the code, but that's how you get rekt! I try to adjust my position size based on the volatility. If gold is choppy, I reduce my risk even further.
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