Importance of risk management
š”ļø Did you know that managing your risk is more important than always being right?
Risk management defines your longevity in trading.
š Basic rule:
ā¤ Never risk more than 1-2% of your account on a single trade.
ā¤ Always define your stop loss before entering.
š A successful trader doesnāt need to be right all the timeā¦ just manage their losses well.
