XAUUSD next possible move
“Risk management is more important than being right.” – Ray Dalio
In trading and investing, always wanting to be right can lead to impulsive decisions and significant losses.
It’s not your ego, but your ability to protect your capital that determines your long-term success.
Risk management is like a shield: it allows you to stay in the game, even when the market goes against your predictions. Being a good trader doesn’t mean always predicting the market correctly, but knowing how to limit the damage when you're wrong.
By adopting a disciplined approach to risk, you create an environment where mistakes are not failures, but learning opportunities.
Remember, the goal is not always to win, but to stay in position to win tomorrow.
In trading and investing, always wanting to be right can lead to impulsive decisions and significant losses.
It’s not your ego, but your ability to protect your capital that determines your long-term success.
Risk management is like a shield: it allows you to stay in the game, even when the market goes against your predictions. Being a good trader doesn’t mean always predicting the market correctly, but knowing how to limit the damage when you're wrong.
By adopting a disciplined approach to risk, you create an environment where mistakes are not failures, but learning opportunities.
Remember, the goal is not always to win, but to stay in position to win tomorrow.
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