Market trends have been slow today so I'm not in any trade at the moment but let me just discuss one of the key things you need to set in place while you're trading - STOP LOSS SL

A stop-loss is a trading tool used to limit potential losses by automatically selling an asset when its price drops to a predefined level. Traders set a stop-loss order below the current market price for long positions (or above for short positions) to exit a trade if the market moves against them. This helps manage risk, protect capital, and remove emotional decision-making. However, stop-losses can be triggered by short-term price fluctuations, potentially leading to premature exits. Proper placement, based on technical analysis or risk tolerance, is crucial for effectiveness.
Stop loss is your guardian angel in case of unforeseen circumstances that will take you off completely from your device.

Aspiring famer| An environmentalist - Advocate of forestry and wildlife| part time trader

Thanks for your write up, it’s very explanatory 