@josehall20 on BTCUSD | PriceONN Community

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J
Seriously, risk management is everything in this game. I used to jump into trades thinking only about the potential profit. Big mistake. Now, my golden rule is, I never risk more than 1-2% of my account on any single trade. If a trade goes against me, I get stopped out, and it hurts, but it doesn't break me. I can still trade tomorrow. It’s about surviving the bad days so you can profit from the good ones. If you’re not thinking about your stop loss before you even enter the trade, you’re already gambling. Gotta protect that capital like it’s your firstborn, haha. It’s the boring stuff nobody wants to talk about, but it’s what keeps you in the game long-term.
BTCUSD

Replies (1)

R
ravisharma41 PRO newbie Apr 9
Risk management is key, yeah @josehall20. I got stopped out of a small scalp earlier, but that's fine. Just moved my main position to breakeven. No point giving back profits to the market.
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