@crypto_birb
Risk control decides who is still trading in 5 years.
Two traders with the same signals can get completely different results. How's that possible?
Money management.
In other words, measuring and controlling the risk of loss (not generating profit)
'How much can I lose?' rather than 'where do I enter?'
A trading strategy decides what to trade; money management decides how much to risk on it.
A mediocre system with great money management can outlive great system with poor risk control.
Example: I lost 7 trades in a row but my account is still in profit.
Losses might be unattractive to show off but I'm genuinely proud of how I manage the risk.
Statistically, it's possible you can get 5, 10, or even 20 losses in a row, and still be profitable in the long run.
Your only job to see is to not lose much per trade while waiting for the big wins to pile in. And they'll come.
But you must survive long enough to see it.
That's why in my millionaire speedrun community first you learn how NOT to lose.
And it's free to join (I get a cut of exchange fees).
I'll leave link to more info if you want to read a bit more about it.
Enjoy: https://t.co/kQy8YcuQLS