if we talk about managing risk in our trading we could make trading plan that contain several plans if market did not move as our hope.make several plan with various condition really help us.but unfortunately most of trader didnt make it.
trading plan was easiest thing do for us.just write several reason why we buy and action plan it not suitable with our hope.unfortunately traders didnt dicipline and they were lazy.
Laziness does not work in trading if you want to be a trader you will have to remain active and keep your eyes on the market, so you will know about the present condition of the market, how many are selling and how many are buying price is getting high or low, everything will happen in your eyes, so it will help you take wise decision.