Thought experiment: if you were guaranteed to lose the next 20 trades, but were also guaranteed to profit by trade 21, how would you execute those next 20 trades?
That strategy is your personal risk management
I walk my dog every morning around the same time. Today was trash day. as we are finished our walk and I turn onto my street there is the strongest smell of rotting fish and melons that I have ever smelt. I really chalked it up to over ripe fruit but it also was so much more intense than that. I also noticed it stuck to the trash can I walked past and was trailing behind the garbage truck that had just emptied it truly stinking up the neighborhood. It was really a strange smell I had never smelled before and stronger than anything I had ever smelled before.
I can’t be for sure what it was, besides strange and gross… what should I do?