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Many new traders make the mistake of over-leveraging and risking too much of their account on a single trade. This is the fastest way to blow your account! 🛑
To stay in the game, you need strong Risk Management. The best place to start is the 1% Risk Rule.
How it works (Example):
💰 Account Balance: $1,000
⚖️ Max Risk per Trade (1%): $10
If your Stop Loss is hit, you only lose $10 (1% of your portfolio), and your account remains safe. Your Position Size must be calculated based on your Stop Loss percentage and this $10 risk limit.
Always prioritize protecting your capital first! Trading without risk management is just gambling.
Do you always use a Stop Loss? Share your risk management strategy below! 👇
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