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Here are some key strategies to manage risk and ensure a profitable trade:

1. Allocate only 2-3% of your total wallet per trade to minimize risk. This approach helps in limiting your exposure and protecting your capital.

2. Utilize trailing stops to secure profits as the trade progresses in your favor. This technique adjusts your stop loss level, allowing you to capture gains while minimizing potential losses.

3. Set a risk-reward ratio for each trade, such as 1:2 or 1:3. This ensures that the potential rewards are greater than the potential losses, making your trades more favorable.

4. Diversify your investments to avoid over-concentration in a single market or asset. Spreading your trades across different instruments reduces the risk of significant losses from a single trade.

5. Keep informed about market news and events that may influence your trades. Staying updated helps you make more informed decisions and adjust your strategy as needed.

By following these guidelines, you can manage your risks effectively and enhance your chances of successful trading.