good afternoon friends
in this discussion I want to ask how do you think the way to calculate money management is good so that we avoid loss.
must be consistent and disciplined in practicing money management, so that trading is in accordance with the trading plan that has been prepared in addition to calculating the SL and TP bro. Limiting the risk of capital that we spend or using is also very important to make it a habit to limit losses to 2% of capital.
the risk ratio between TP and SL does have to be clear, for example SL 50 pips then TP 100 pips means between TP and SL 1: 2 so that there is a large and small profit loss. Even though money management is a key, if the method is not used the rules will still will suffer losses in trading.
each trader certainly has their respective principles, not just techniques and strategies alone in achieving the expected profit.