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      102837082 Private ID: 102837082
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        102837082 liked and commented on
        Risk Management is not solely about cutting losses.
        1. Set your RR, Stop Loss & Gain before entering a trade. Stick to this plan, DO NOT deviate from it due to Fear/Greed.
        2. RM is about psychology too.
        - Don't jump into trade, FOMO.
        - Chase a trade after huge loss
        If u r not mentally prepared for trading,  90% u will burned out in a few months.
        3. Do Not...
        - Jump to live trade after learning a few strategies online or YT. Do your DD, test out the strategies on paper trade.
        - Follow the gut instinct of others comment.
        - Thinking today is my Lucky day, placing >50% of ur account in 1 trade.
        - Double up after losing a trade without SL.
        - etc
        My point is ... Never believe you can become an expert/winning trader in a few weeks/months.
        It take a few of years of learning to just become consistent. (lot of emo/giving up along the ways)
        Most consistent trader will loose ~40% of the time & still be profitable.
        I would compare trading as to scuba diving.
        Scuba diving is a safe but also labelled as a dangerous sport.
        SAFE - when u learn all the fundamental courses, both theories & practical. Clock your dive logs consistently. And most importantly,  know your gears & maintain them well.
        DANGEROUS - when u on a vacation & took a dive experience crash course.
        U learn everything in a few hours & put on some wear out gears. Off u go on a boat for your 1st dive.
        If u lucky, u will manage & see a few fishes. But if you r not, u will end floating on the water surface,  face down.
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