- Here, my friend, are some tips regarding risk management for you👇

1. Monitor price action: Monitor price action closely and adjust stop loss as necessary.

2. Track your stops: Consider using trailing stops to lock in profits when the market moves in your favor.

3. Avoid cutting the average: Resist the temptation to add to a losing position to lower the average entry price.

4. Review your trading thesis: Constantly re-evaluate the validity of your trading thesis based on new information.

5. Avoid over-trading: Stick to the planned number of trades per day or weekly to avoid burnout and mistakes.

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