@archie_k20 on DXY | PriceONN Community

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My main rule is to never risk more than 1% of my account on a single trade. And always, always use a stop loss, no exceptions. It's easy to get greedy, especially when you see a big move coming, but sticking to the plan is key. Better to miss a few opportunities than get wiped out.
DXY

Replies (1)

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archie_k20 PRO newbie Apr 7
Yeah, sticking to that 1% rule is tough sometimes. Like, if I see the DXY really tanking, there's a temptation to throw more at it to catch the falling knife, or conversely, if it's pumping, you want to ride it harder. But then I remember that one time I ignored my stop loss on a EURUSD trade, and suddenly my account was down 10% in an hour. Never again. Gotta respect the risk management, even when your gut is screaming something else. It's all about survival in this game, right?
EURUSD 1.16258 -0.04%
GBPUSD 1.34339 -0.22%
USDJPY 159.97650 +0.06%
XAUUSD 4,474.72 -0.29%
XAGUSD 73.77 -1.76%
BTCUSD 63,767 -5.66%
SP500 6,572.87 +0.74%
BRENT 97.98 -0.92%
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