Read these risk management tips for profits👇
1. Trading Plan: Develop detailed trading plans that outline your entry and exit strategies, risk tolerance, and profit goals.
2. Evaluate your trades: Regularly review your trades, both winning and losing trades, to identify areas that need improvement.
3. "The 2% Rule": Consider limiting your maximum daily loss to 2% of your trading capital.
4. Risk-Adjusted Leverage: Adjust your leverage based on market volatility and your personal risk tolerance.
5. Portfolio correlation: Pay attention to the correlation between assets in your portfolio to avoid over-exposure to specific risks.
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