/biz/ - Business & Finance

>>24524059

Go with what you're comfortable with losing.

>You always have to have an Exit before Entry.

That's the rule. You need to plan how to manage risk first and foremost, anon. Making the money is the easy part. It's the risk management -- the part where you have to admit to yourself you were wrong by the physical manifestation of taking a small loss -- that's hard.

You want to come up with ratios in your head to target.

(-3%) Stop / +10% Sell Limit is a good one. That's a little more than 3-to-1.

You can also do shit like (-4%) / +8%, or whatever 2-to-1 ratio you're comfortable with.

No matter what you do, you must always

>always
>l
>w
>a
>y
>s

fucking always use the Stop Loss, fren!