Learning guide · risk
Risk management starts before you click buy or sell.
A stop alone is not a risk plan. Product, size, liquidity, correlated positions, gaps, costs, and knowing when to stop trading all count.
Know the loss before the upside
Before entry, write where the thesis is wrong, the most you can lose, and what cancels the trade. Do not move those lines to save the story.
Cap the whole session
A string of small losses can wreck a day. Set the maximum number of attempts and a hard time to stop.
Add related positions together
Several tech stocks, sector ETFs, or crypto assets can be one concentrated bet even when the tickers differ.
Paper trading tests your rules
Simulation cannot reproduce every emotion, fill, or cost. Use it to test execution and journaling—not to declare a proven edge.
Start with personality. Finish with a process you can actually test.
Time and experience get the final say. If a method needs attention you cannot reliably give it, the method moves down the list.