If strategy is the engine, then risk management is the fuel system. Without it, you can have the best setup in the world and still blow up your account. Here’s a harsh truth most people ignore: Traders don’t fail because their strategy stops working. They fail because they size their trades too big, lose emotional control, or try to make back losses too quickly. Risk management is where amateurs get wiped out and professionals stay in the game. It’s not sexy — but it’s essential. Chapter 6 Risk Management Mastery The Golden Rule: Never Risk More Than 1% Per Trade Let’s start with the number one rule in all of professional trading: Never risk more than 1% of your total account balance on a single trade.
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