Risk Management Strategies—Protecting Your Capital from Disaster
How Smart Risk Management Keeps You in the Game
Hello Trade Warriors,
We’re continuing our journey through the lessons I learned the hard way. Today's topic might be the key factor distinguishing successful traders from unsuccessful ones: Risk Management Strategies.
Look how far we’ve come in this series:
Risk Management Strategies 👈 You are here
Patience Pays Off
Risk management is what separates consistent traders from those who blow up their accounts—and I should know, because poor risk management is exactly what wiped me out early in my trading career.
How Lack of Risk Management Destroyed My Account
Early on, I focused more on profits than protecting my capital. I thought I could "win big" without setting proper limits, but a few bad trades quickly wiped out my account.
Here’s what went wrong:
