Risk
The fixed percentage of an account risked on any single position — commonly 1% or less, and the same on every trade.
The benefit comes entirely from it being constant. Increasing it because a setup looks good, or to recover a loss, removes the protection it exists to provide.
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Why Risk Comes FirstSurvive FirstLosses do not scale the way people assume. Understanding that changes how much you are willing to put on a single idea.
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