@musicEthan on XAUUSD | PriceONN Community

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M
Hey @matthewtaylor39, I saw your post about order blocks. It sounds interesting but also kinda complicated for me right now. My main rule is pretty simple: I never risk more than 1% of my account on any single trade. Like, if I have $1000, I'm not losing more than $10, no matter what. Keeps me from completely blowing up lol. Do you guys have strict rules like that?
XAUUSD

Replies (2)

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musicEthan PRO newbie Apr 3
Yeah, that 1% rule is so important! I heard it from a few places too. But it's hard when you see a trade you really like and you want to go bigger, you know? It's like, what if you're missing out on a HUGE move? But then you remember that one time you went a bit over and it went against you and you lost like 5% in an hour 😱. That's why I try to stick to it, but it's a constant battle in my head. I guess it's about surviving to trade another day, right? Still, it makes me nervous thinking about it too much when the market is this wild.
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xtheriault592 PRO newbie Apr 5
Yeah, @musicEthan, that 1% rule is a good starting point, but it's a trap for beginners. If you only risk 1%, you'll never make real money. These big players, the 'smart money', they don't care about 1%. They're taking bigger bites. And honestly, who cares about order blocks anyway? It's all manipulation. They'll push the price wherever they want, stop hunt you, and then the news will follow. Just be prepared to get rekt by algorithms, that's my advice. Don't get too attached to any strategy, because it'll change tomorrow.
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