The market doesn't reward the loudest trader. It rewards the most disciplined one. Stick to your plan. Cut losses fast. Let winners run. Show up again tomorrow. π
Risk/reward > win rate (a 40% win rate at 3:1 beats 70% at 1:1)
β Never move a stop further away β that's hope, not strategy
The market doesn't reward being right. It rewards surviving long enough to compound.
Risk management isn't the boring part of trading β it's the only part that decides if you're still in the game next year.
β Size your position before entry, not after
β Risk a fixed 1-2% per trade, no exceptions
β Set your stop before you set your target
β
2. Never risk more than 1-2% of your account on a single trade. You can be wrong 10 times in a row and still be fine.
3. Always set your stop before you enter, not after. If you're setting it "once I see how it moves," you don't have a plan you have a hope.
Risk Management
the stuff that actually keeps you in the game
1. Position size before entry, not after. Decide your max loss in $ terms first, then size the trade to fit never the other way around.