We previously discussed the importance of identifying the appropriate strategy for you first, followed by defining risk management when switching to a real account.
Set a stop-loss on every trade you enter to avoid failure. Define your trading plan and stick to implementing it until the end. Avoid risking more than 2 percent on each trade. Put your emotions aside when trading, regardless of the outcome. Choose the optimal time for trading. Never fear loss. Always remember that your path will be filled with both success and failure, so there is no room for permanent success or continuous failure.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Rely on a risk management strategy
We previously discussed the importance of identifying the appropriate strategy for you first, followed by defining risk management when switching to a real account.
Set a stop-loss on every trade you enter to avoid failure.
Define your trading plan and stick to implementing it until the end.
Avoid risking more than 2 percent on each trade.
Put your emotions aside when trading, regardless of the outcome.
Choose the optimal time for trading.
Never fear loss.
Always remember that your path will be filled with both success and failure, so there is no room for permanent success or continuous failure.