🧨 Risk management in trading: key points

1️⃣ Determine your risk level: Decide what percentage of your capital you are willing to risk on each trade. Typically traders choose 1-2%.

2️⃣ Set a stop loss: SL helps limit losses if the market moves against you. Place stop losses based on technical levels or volatility. Take profits regularly and review your strategy. Use the moving stop loss technique to protect your profits.

3️⃣ Use risk-reward ratio: Determine the risk-reward ratio for each trade (for example, 1:2). This means your potential return should be twice your risk.

4️⃣ Diversification: Distribute risks by investing in different assets and markets. This reduces the likelihood of losing all positions at the same time.

5️⃣ Planning: Develop a trading plan in advance and strictly adhere to it. Don't neglect the psychological aspect of trading.

6️⃣ Shoulders: Use your shoulders wisely. Large leverage without a competent PM increases risks and can lead to significant losses.

🔐Compliance with risk management rules is the key to successful trading in the market. Manage risks and save your capital! 💰‌‌