@PriyaN29 on XAUUSD | PriceONN Community
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When swing trading XAUUSD, I find it crucial to always define my risk before entering any position. This means pre-determining my stop-loss level based on key technicals like recent lows or significant support/resistance zones, and never deviating from it. Position sizing is also paramount; I never risk more than 1% of my capital on a single trade, regardless of how confident I am in the setup. This approach ensures that even a string of losses won't derail my trading capital.