Here are some risk management tips for you👇
1. Watch Price Movements: Keep an eye on prices and adjust your stop-loss if needed.
2. Use Trailing Stops: Lock in profits by using trailing stops as the market moves in your favor.
3. Don't Average Down: Avoid adding to a losing position to lower your average entry price.
4. Review Your Trade Plan: Regularly reassess your trade plan with new information.
5. Don't Overtrade: Stick to your planned number of trades to prevent fatigue and mistakes.
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