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Please how do you calculate your risk? how do you know what to risk on each trade?
If you have $100 and you want to risk just 1% which is $1, you have to make sure your stop loss is set in such a way that if the market goes against you, you don't lose more than $1.
what happens if the $1 SL is too small?
If you have $100 and you want to risk just 1% which is $1, you have to make sure your stop loss is set in such a way that if the market goes against you, you don't lose more than $1.