@smartin577 on DXY | PriceONN Community
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Risk management is crucial, especially with the DXY's recent volatility. I'm a big believer in position sizing to control risk. I never risk more than 1% of my capital on any single trade, and I always use stop-loss orders. I've also started using a trailing stop to lock in profits as the trade moves in my favor. I'm still fairly new to this, so I am trying to learn how to calculate position sizes more accurately based on ATR and market conditions. It's a work in progress, but I feel much more confident knowing that I have a solid risk management plan in place. Thoughts?