Many traders focus only on profit targets but ignore risk management. Successful traders think differently—they protect their capital first. Always set a stop-loss before entering any trade, and avoid risking more than a small percentage of your portfolio on a single position. Markets can move unexpectedly, and without proper risk control, even a few bad trades can wipe out months of profits. Remember: survival in the market is more important than quick gains. Traders who manage risk effectively stay in the game long enough to benefit from major opportunities.
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