Risk management is the backbone of trading. Successful traders risk 1-3% of their capital on each trade, many times even less than 1%.
If you are struggling to understand how to calculate your position size in relation to your entry and stop loss, please watch the following video which will outline how to determine the correct size of your trades.
CLICK HERE for the Google Sheet file (Click on File / Download / .ODS file). The end of the tutorial video will show you how to upload and make a copy for yourself.