ilmscore | Trading Success Checklist - Risk Management Predictions
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A risk management plan is essential and should be created based on backtested data, considering potential losing streaks. It helps determine how much to risk per trade to remain comfortable during drawdowns, avoid emotional mistakes, and prevent account blowouts.
"so number six on the checklist is creating a risk management plan and since you've done all the othe..."
Feb 26, 2021
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