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Read these risk management tips to enhance your trading success👇
1. Follow the "2% Rule": Limit your risk to no more than 2% of your total trading account on any one trade.
2. Apply a volatility-based stop loss: Adjust your stop loss to match current market volatility for better risk management.
3. Use laddered entries and exits: Enter and exit your positions gradually to minimize risk and enhance your potential profits.
4. Set price alerts: Stay alert to notifications of important price levels, allowing you to react quickly to market opportunities.
5. Backtest with actual slippage and fees: Include these factors in your backtesting to accurately assess your potential profitability.
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