TeamBullish
One mistake I made when I first started trading was setting my risk around a fixed percentage.
I would tell myself, “If this trade drops 5% or 10%, I’m out,” without considering the actual structure of the setup.
Never approach risk that way. Your entry, profit targets, and stop loss should be built around the unique stock in front of you, including its support, supply, liquidity, volume, and the price level where demand and buying pressure begin to weaken.
Every setup behaves differently, so a percentage alone cannot tell you when the original trade thesis is invalid.
True risk management means aligning yourself with the market conditions, identifying the level that proves you wrong, and letting the data determine your exit before you ever enter the trade. $VVOS $CLGN $AEHL $NCRA $GPRO
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