General Risk Management is Everything

[anesumhlanga]

Blowing accounts taught me that the goal isn't to win every trade—it's to protect capital. Use stop losses and only risk 1–2% per trade.

 

[pippin]

Same lesson here - what saved my account was risking 0.5–1% per trade and stopping for the day at −2R. Position size = (account * risk%) divided (SL pips * pip value); boring, but it turns trading into a business.