@ellaarcher on XAUUSD | PriceONN Community
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Continuing on that risk management point, it's not just about moving stops to breakeven. For me, it's also about defining my maximum acceptable loss BEFORE entering any trade. Whether it's a fixed percentage of my account or a specific price level, knowing that hard stop is crucial. It prevents emotional decisions when the market inevitably pulls back. Plus, with the geopolitical tensions, particularly around Iran and oil prices, volatility can spike with little warning. Securing gains or cutting losses early is paramount.