Quote from: coinerer on May 30, 2024, 09:04:08 AM

Quote from: Hamza2424 on May 29, 2024, 04:55:09 PM

Quote from: Lakai01 on May 29, 2024, 10:04:17 AM

Quote from: Hamza2424 on May 29, 2024, 09:30:45 AM

Hmm, so where I said it's only for the newbies, and where I said senior that I don't know about risk management can you please mention it was a comment to highlight the prominent factors that every newbie should acknowledge because most of them ignore it [...]

I can reassure you, you didn't just refer to newbies anywhere Wink

But I wanted to emphasize once again that risk management is extremely important. After reading your lines, one might otherwise get the impression that risk management is less relevant the more experience you have, but that's not the case. On the contrary: experienced traders attach great importance to risk planning and risk management.

Hmm, Yup I got it, thanks a lot for the explanation seems like I was impulsive haha anyway risk management was a concept I've got after making a lot of mistakes, in my early times so I was quite conscious after reading OP and about his ideas, because sometimes when newbies consider someone their mentor they blindly follow him without even considering the development of their skills.

Yes, if you make a mistake and lose in trading, you can learn about that mistake and learn the right things. So in the case of trading, you have to take risk and continue trading by accepting risk and loss. By analyzing trading charts it is possible to make an accurate prediction and profit from trading but not 100% guaranteed. so there is always risk. no trader can ever trade risk free.

For those who are new to trading, I would say that before trading, you must gain enough knowledge about trading. If we do not gain enough knowledge about trading, then trading will not be very successful. Trading must be done with a long-term plan. At times many traders are too hasty in trading due to which they lose money.