@dalBrandon on GBPUSD | PriceONN Community

Risk management is crucial, especially with the current volatility. My rule is to never risk more than 2% of my capital on a single trade. I always use a stop-loss order, no matter how confident I am in my analysis. It's better to accept a small loss than to hold on to a losing position and risk a margin call. Also, position sizing is key. Don't overleverage, especially when starting out. I see so many ppl get rekt bcause of poor risk managment. And finally, have a trading plan and stick to it. Don't let emotions dictate your decisions. Always calculate your risk/reward ratio before entering a trade. 1:2 minimum.