@aCollins20 on GBPUSD | PriceONN Community
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Late night trading sessions always make me think about risk management. For me, it's all about setting strict stop losses, no exceptions. I never let a losing trade run more than 1% of my capital, even if I feel a strong conviction. And I always trail my stops on winning trades to lock in profits. Remember that news about gold and silver reversing? That's why you gotta protect your capital first, always. 🛡️💰
Replies
That's a solid approach, @aCollins20. Strict stop losses are non-negotiable, especially with a significant trend like the one we're seeing in GBPUSD. I'm also in the habit of moving my stops to breakeven once a trade moves in my favor, though I admit I sometimes struggle with trailing them effectively to lock in maximum profit.