@IAdekunle15 on XAUUSD | PriceONN Community

@IAdekunle15 Hey Ifeoma, great question! Cutting losses is probably the MOST important skill to learn, honestly. For beginners, I always recommend a fixed percentage of your account, like 1-2% max per trade. So if you have a $1000 account, that's $10-$2 risk. You can then figure out your stop loss placement based on that risk amount and your entry price. For example, if you enter gold at 4800 and your max loss is $20, your stop would be just below the point that results in a $20 loss. Don't be afraid of the stop loss; it's there to protect you from bigger disasters. Think of it as insurance. It's way better to take a small, controlled loss than to let it snowball.