If I have my Stop Loss placed 8% away from my entry, that doesn’t mean I’m risking 8% of my total account balance.

Let’s settle this one final time:

1) I want to risk $1,000 on this position.

2) I want to enter at this price.

3) My invalidation is at this price.

If price hits the invalidation point, how much will I lose? **THIS IS YOUR TOTAL RISK**

Adjust your position size until you get your desired risk based on your entry & invalidation prices.

It’s a complete waste of time to do TA or trading of any kind if you don’t understand risk.