Some points are to be kept in mind for gaining profits through risk management 👇
1. Consider incrementing or decrementing positions to manage risk.
2. Consider utilizing stop-loss orders in conjunction with position sizing to manage risk.
3. Establish a risk-benefit ratio to determine the potential profit versus potential loss of a trade.
4. Adjust the risk-benefit ratio based on market conditions and trade strategy.
5. Understand the impact of leverage on potential gains and losses
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