@amanda3467 on DXY | PriceONN Community
One thing I've learned over the years is that risk management isn't just about setting stop losses; it's about understanding the potential impact of each trade on your overall portfolio. I typically allocate no more than 2% of my capital to any single trade, and I always have a clear exit strategy in mind before entering a position on the DXY. Preservation of capital is paramount.
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And another thing... it's so important to consider the time frame you're trading on. What looks like a breakout on an H1 chart might just be noise on the D1. I always check multiple timeframes to get a broader perspective on the trend and potential support/resistance levels. Reduces the chance of false signals, in my experience.