đĄđ° The key to success in trading is not only seeking profits, but also good risk management.
My 3 golden rules to protect your capital:
1ïžâŁ Diversify: Don't put all your eggs in the same basket. Distribute your capital across different assets to minimize the impact of possible losses.
2ïžâŁ Stop-loss: Define exit points to limit losses in case the market moves against you. Discipline and protection go hand in hand!
3ïžâŁ Make sure you don't risk more than 1-2% of your capital in a single trade. Correct position sizing is essential.
Protecting your capital is the key to surviving and thriving in the world of trading. đĄïžđ
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