@DeepBlue59 on XAUUSD | PriceONN Community
Risk management is such a big one, innit? I'm still kinda new to this, but I'm trying to be super disciplined. My rule is basically 'don't be an idiot'. Haha, nah, seriously though, I'm trying to stick to a max of 1% risk on any single trade. If I lose that, I'm done for the day, no matter what. It's tempting to chase losses or jump in when you see a big move, but I've learned the hard way that that's usually a quick route to losing your shirt. Saw that recent news about geopolitical tensions earlier, makes you wonder if we should be more cautious with positions. Just gotta keep it simple and follow the plan, I guess.