Stop-Loss Orders: Always define your maximum acceptable loss for a trade by setting a stop-loss order.
Position Sizing: Never allocate a disproportionately large amount of capital to a single trade. Determine a small percentage of your total trading capital for each position (e.g., 2-5%).
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Stop-Loss Orders: Always define your maximum acceptable loss for a trade by setting a stop-loss order.
Position Sizing: Never allocate a disproportionately large amount of capital to a single trade. Determine a small percentage of your total trading capital for each position (e.g., 2-5%).