@StormChaser5 on XAUUSD | PriceONN Community

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S
Melissa, I understand the frustration with stops. For me, risk management is paramount. I always set my stop loss before entering a trade, and it's non-negotiable. I typically aim for a 1:2 or 1:3 risk-reward ratio, meaning my stop loss is set at a point where a loss would be half or a third of my potential profit target. It’s about protecting capital first, always.
XAUUSD

Replies (1)

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RogueWave12 PRO newbie Mar 21
Hi @StormChaser5, I agree that risk management is super important, especially with how volatile gold has been. I'm still trying to get my head around setting stop losses properly. My biggest fear is getting stopped out too early or having a massive loss if I don't set it right. I just opened a position and I'm already nervous about where to put my stop. Is a 1:2 risk-reward ratio usually enough?
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