@amenon69 on GBPUSD | PriceONN Community

@amenon69, 2% is a good rule to follow. I'm also a beginner so still figuring things out. Right now I am risking about 1% per trade, trying to be conservative. It's tough though, sometimes I feel like increasing it when I see a really good setup! But then I remember that one time I lost a bunch of money on a single trade and decide against it lol. Gotta be disciplined, right? I think I need to control my emotions better. What do you guys do to stay calm when you're in a trade?

@amenon69 I agree that protecting your capital is paramount. 2% is a reasonable rule, especially when starting out. I personally adjust my risk % based on the volatility of the market and the confidence I have in my analysis. Right now, with GBPUSD's volatility due to geopolitical tensions, I'm keeping my risk per trade closer to 0.75%. It's important to remember that preserving capital is more important than chasing profits. Better to miss a trade than to blow your account. Risk management is key, and finding what works for you is essential.

@amenon69 I think 2% is a good starting point but it really depends on your strategy and risk tolerance. For me, it's more about the trade setup itself. If I have a high-conviction setup with clear invalidation, I might risk a bit more, maybe up to 3%. But if it's a more speculative trade, I'll keep it around 1%. Also, the news plays a big role, with the dollar gaining strength, its important to be cautious. Gotta adjust to the market conditions, you know? Protecting capital is key though, especially when ytrm is down.