Quote from: tvplus006 on Today at 11:50:43 AM

Quote from: Bitwave01 on June 23, 2024, 09:43:21 PM

Despise all the strategy being applied, trading is not 100% guarantee but if proper analysis is being put in place at least your wins will be more than you lost, and you can be said to have made profit...

If you do not adhere to risk management, you will lose your money anyway, since you will not be able to open an order in the right direction every time with 100% probability. Thus, you should minimize the loss as much as possible if the price goes in the opposite direction to your expectations, so that this does not affect your deposit as a whole.

Basically, risk management is not something that will completely prevent you from the risk of loss, or in other words, no matter how good the risk management you have designed, the risk of loss will always be something that may happen at any time without any indication, but of course one of the reasons why having the discipline to always apply risk management is because the possibility of loss that you will face will be less frequent than if you trade without having any prevention plan.

Profit is nothing more than probability and it also depends on how much knowledge you have to execute the market correctly at the right time, we must remember that our goal here is to seek profit, meaning this is the reason why focusing on various risk management plans that lead to prevention must also always be maintained and do not just focus on various ways to get the benefits.