Quote from: Hamza2424 on Today at 04:55:09 PM

Quote from: Lakai01 on Today at 10:04:17 AM

Quote from: Hamza2424 on Today at 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.

As long as we are still beginners, this is not an important problem because we can turn mistakes into very important experiences. The hope is that when we have experiences like this, in the future the same mistakes will not be repeated. Those who are currently professional traders certainly have a lot of experience from various kinds of mistakes they have made in the past.