The Importance of Risk Management
Risk management is what keeps a good trading strategy alive.
You can have the best entry and still lose a trade. That’s normal. What matters is making sure one loss doesn’t damage your account or your confidence.
Before entering a trade, know how much you’re willing to lose.
When the risk is controlled, you can focus on executing your setup instead of worrying about the outcome.
Protect the account first. The profits come after.
Backtest to build data, have a good weekend😁