Risk Management Advices to Become Profitable in Future Trading👇
1. Implement the "2% Rule": Never risk more than 2% of your total trading account on a single trade.
2. Use a Volatility-Based Stop Loss: Adjust your stop-loss distance based on the current market volatility.
3. "Ladder" Your Entries and Exits: Gradually enter and exit positions to reduce risk exposure.
4. Set Price Alerts: Receive notifications when key price levels are reached to act promptly.
5. Backtest with Realistic Slippage and Fees: Incorporate these costs into your backtesting to get a true picture of profitability.