What safety rules do you have set up?
Last week, one of my risk management rules got triggered and closed all my positions for the day. At that moment, I was frustrated. I thought the market might turn around and give me a chance to recover my losses. But as the day went on, the market kept moving against me, and I realized that the rule had actually protected me from losing even more. It got me thinking, many of us spend a lot of time looking for the right entry, but risk management is just as important.
I'm curious to know what everyone here uses for risk management. Do you rely on stop losses, position sizing, daily loss limits, automated rules, or something else?
What's worked best for you?
u/WhizKid_1 — 12 days ago