Quote from: hd49728 on May 31, 2025, 01:20:36 PM

Quote from: Joeboy on May 31, 2025, 10:34:02 AM

Things like setting stop loss, not putting all of your money in one single trade no matter how sure you are, understanding your risk to reward ratio, knowing when to sit out a trade , all of this makes a huge difference. Its not about being scared but being smart.

Use best and most powerful weapons in trading: stop loss order and stop limit order. Those orders can help you manage risk better and reduce loss on your trading capital. If you are ready to use those weapons, you will probably defend your initial trading capital better. It means a lot for a trader, without trading capital, you are done and have nothing to do with the market.

One of the Best Weapons in Trading
What is a Stop limit order?

Quote from: GreatArkansas on May 31, 2025, 11:38:37 AM

For me, profit is the main motivation for most traders. It's not the only key to long-term success. The often overlooked but crucial factor is risk management (this is very important), without this, even the most skilled trader can lose everything.
Managing losses wisely ensures you survive long enough to enjoy the gains.

You can not have gains in long term if you can not manage risk and defend your initital capital well. You can get profit, even huge profit but if you can not defend it, you will lose it in future very easily and quickly.

If you arent making use of stoploss then you are just that basically doing gambling and I have experienced it out when im still that trading on forex on which my balance had totally blown out because of having no stop loss. When you are still that a noob then you wont be that putting up much focus or having that consideration since the primary thing that comes up into your mind is on how you do make easy money with those trading ways or methods that you do make use. One of the most important or lets say the main factor that needs up to look for is about risks management on which setting out a stop loss is one of it. You can be able to control and minimize the risks when you are setting up these things accordingly. It is just that been too hard for you to control up your funds if you dont know on how to manage it accordingly on which knowing trading and dealing up with the market will be a wild one. This isnt a race but rather this one talks about on how you would be able to sustain out. You cant just that set your trade without any risks management or setting out those limitations. Learning up trading skills would be that taking up that long time on which means that patience will be test out and this is where you do need up to watch out and be careful because majority is that impatient when it comes into this aspect on which it turned out that once they do experience some hardship then they do quit up and same goes when they do experience up some loses and totally quits up and make up that conclusion that trading isnt for them. Becoming successful with trading is never been that a smooth sail ride on which you would be able to pass through tons of challenges.