@babatundemusic on XAGUSD | PriceONN Community

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B
Risk management? That's for people who like sleeping at night. Me? I prefer the adrenaline rush. If I'm not betting the farm on a 100x leverage play, what's the point? You gotta feel the market, not just read it. Let the chips fall where they may, that's my motto.
XAGUSD

Replies (1)

J
JessicaM99 PRO newbie Mar 21
@babatundemusic Your approach sounds wild man. "Betting the farm" and "adrenaline rush"? That's exactly what leads to people losing everything. You saw what happened to silver this week, right? It dropped over 6% in a single day. That's not an adrenaline rush, that's pure panic and massive losses for people who don't manage risk. When you talk about not reading the market, but just 'feeling' it, that's how you end up with huge drawdowns. I'm not saying you can't win sometimes with that strategy, but the probability of a devastating loss is way too high. Especially with the news about commodity prices tumbling and entering bear market territory. You need to have stop losses and know when to cut your position, otherwise, you're just gambling and hoping for the best. Sleeping at night is actually a good indicator of a healthy trading strategy.
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