Managing risk is crucial because if you do not preserve your capital and manage your trading risk properly you won’t have money left to trade. This is by far the most important trading rule to follow!
is an old adage on Wall Street. As the saying goes, “The Trend is your friend”
A successful Trader must use stop-loss orders or trading alerts to protect capital, and employ a disciplined mindset so he/she can live to trade another day. One wrong trade can lost all invested fund.