Post
Topic
Board Trading Discussion
Re: The most overlooked key to long-term trading success.
by
Futurexxx
on 01/06/2025, 06:34:50 UTC
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.
This is just the truth sir, without staying alive in the market, their is no way you can continue navigating your way in the market, so in as much as we are trying to make money in the market, we shouldn't forget to protect our margin, and the best way for that is to observe proper risk management strategy by using stop loss when necessary or by trading with an amount you can afford to lose, so that if things doesn't go as planned, you wouldn't be bothered or be in a tight Conner when it goes against you.
So what am trying to say is that I fully support what you and the op said in this thread, that without properly utilizing risk management strategy, their is no way a trader will stay long in the market on the longer run.