Risk Management Tips to Boost Your Trading Success

Follow the "5% Rule": Limit your risk to no more than 5% of your total trading account on any single trade.

Apply a Volatility-Based Stop Loss: Tailor your stop-loss levels to match the market's current volatility for better risk management.

Use Laddered Entries and Exits: Enter and exit your positions gradually to minimize exposure and enhance your potential gains.

Set Price Alerts: Stay alert with notifications for critical price levels, allowing you to respond quickly to market opportunities.

Backtest with Realistic Slippage and Fees: Include these factors in your backtesting to accurately assess your potential profitability.