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🔹 First lesson never go All in
The unbreakable rule is never to risk more than 2% of your total capital on a single trade, no matter how confident you are
For example, with $1000 in capital, you are only allowed to lose a maximum of $20 per trade.
🔸 Chance to Start Over
If you follow this rule, you would need to lose 50 consecutive trades to completely wipe out your account
This is almost impossible in terms of probability, ensuring you always have capital left to start over.
🔹 Stable Mindset When Trading
When the amount of money lost is insignificant, you will keep a cool head to analyze wisely
Instead of panicking, holding onto losing positions, or adding more trades to recoup losses.
How much percentage of your account are you betting on each trade?
This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.
