@isabellacarter12 on USDJPY | PriceONN Community
Ugh, seriously trying to get my head around risk management for USDJPY. I keep telling myself no more than 1-2% per trade, but then I see a dip and think 'oh this is the dip to buy!' and then boom, loss. My rule is going to be: IF I get tempted to break the 2% rule, I close the chart for the day. No arguments.
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Actually, thinking more about that 1-2% rule, it's really hard when you see the price of USDJPY moving like it did today. It shot up quite a bit, like 0.5%! And for someone like me who's just starting, that feels like HUGE money moving. It makes you want to jump in, you know? But then I remember my own rule about not risking too much. It's like my brain is screaming 'GO LONG!' but my gut is like 'wait, what if it crashes tomorrow?' So yeah, I'm going to stick to closing the chart. It's the only way I can think of to stop myself from FOMOing in and breaking my own rules. Hopefully, that helps me avoid another bad day like yesterday.