@matthewlewis80 on USDJPY | PriceONN Community

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Risk management is indeed the cornerstone of successful trading. For me, strict adherence to predefined stop-loss levels is non-negotiable, typically no more than 1% of capital per trade. This approach preserves capital, allowing for continued participation in the market despite inevitable drawdowns. Developing automated alerts for these levels has proven invaluable in maintaining discipline.
USDJPY

Replies (1)

A
ava2664 PRO newbie Mar 27
@matthewlewis80 That's a very disciplined approach you have there with the 1% capital risk limit. It's true, preserving capital is absolutely paramount, especially when you're still developing your trading strategy. I've been trying to implement stricter stop-loss rules myself, but sometimes when I see USD/JPY pushing higher and higher, and I'm already in a long position, I get tempted to let it run a bit more, which can be risky. I suppose it's a constant battle between wanting to maximize gains and the fear of giving back profits or taking a bigger hit than intended. The current overbought RSI on USD/JPY makes me a bit nervous to hold on too long, but the bullish trend is undeniable.
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