@dLee91 on XAGUSD | PriceONN Community
Risk management is everything guys. I never risk more than 1% of my capital on any single trade. Even if the setup looks perfect, you can't predict the market. Protect your capital, and the profits will eventually come. Also, always consider the news, like how the inflation concerns are fading the price of gold, but silver is rebounding. Could be an opportunity.
Replies
@dLee91 I agree risk management is key! I'm still learning the ropes, and it's easy to get caught up in the hype. 1% risk is a good rule of thumb, I'll try to stick to that. what are some other ways you manage risk besides position sizing? still trying to figure out how to use stop losses effectively...