Quote from: tvplus006 on Today at 10:13:50 AM

Quote from: Sebastian Michaelis on July 24, 2025, 09:05:25 AM

...You must have all three to trade successfully and they're written in order of importance. ..

In my opinion, risk management is more important and, accordingly, it should be on the first line in the order of importance. It must be remembered that even with high accuracy of forecasts, failure to comply with risk management will lead to the loss of the deposit.

Risk management is something that should not be overlooked when we start trading, not just in trading, but in anything we do. So, I agree with you: if we aren't good at risk management, we may soon face situations that could wipe out all our money.

No matter how much capital we have, if we don't implement risk management, everything we have will quickly disappear. And if we have a significant amount of capital, it should make us more comfortable in managing risk because it gives us more flexibility.