@josephthomas39 on XAUUSD | PriceONN Community
J
Risk management is boring until it saves your butt, am I right? I've got a few hard rules. Never risk more than 2% of my account on a single trade. Always use a stop loss, no exceptions. And if I'm on a losing streak, I take a break. No trying to revenge trade. It's just not worth it in the long run.
Replies
@josephthomas39 I completely agree! Risk management is absolutely paramount. For me, it's about never letting a losing trade dictate my next move. Strict stop losses and a daily loss limit are non-negotiable. It's what keeps me in the game long-term.