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Exactly, there is no exact universal way with which we can manage our risk. Rather it varies with the type of strategy and trading plan.

Both are good in their own way. Allocate on both based on risk and time.

I mostly trade with normal orders, without any SL on screen. But if I use it, then I prefer a simple SL order against a Trailing one.

Well that depends on what type of a trader/investor you are. Goals can be different for every person and so accordingly, will he make withdrawals.

Agreed, to know the basics, demo is a must!

Well, I have no offense to what you feel, but trading has been chosen by some people here as their career, the only source of their income because of which they trade all day long. It is stressful enough but strict risk management is needed to avoid the emotional barrier. Granted not for...

For me, it was only the passion I had for trading, that kept me going. I never felt discouraged because of losses, never thought of quitting, which is when I realized that I have gathered the confidence required to trade efficiently.

That's exactly what's happening these days.

For me the best time is in the morning. That's the best time when the body can benefit the maximum out of exercising.

Not a robot trading person. Though its gaining popularity, still manual trading is what I prefer.

True, demo results and real account results can have big difference, everyone must be careful.

That same fear is the reason, why most traders prefer to intraday.

I have seen many day traders becoming stressed when things don’t happen accordance to their plan or their strategies don’t give them the expected gains. I believe experienced people also faced these situations at the early stage. Let’s be real, trading is a real job, it never do you any good if...

Trading this way may works for you, but this is not a good way to trade. Analyzing the market should be a habitual activity before you start to trade, then be it with charts or news, but it is very important.

Well that’s right. Also, I think a good research before starting to trade helps too.

Well yes, I agree with you. There is no better thing for our body than sound sleep. It does help!

You always have to adjust your timings according to how the market is behaving. 10 hours is not over trading if the opportunity is demanding such time. But suggest to have proper balance with out-of-screen activities.

This is good, keeping emotions under control.

I totally agree with you. This field is only such, situations tend to make us leave, but its ever the end, atleast for me.

True to some extent, rest all this is quite subjective. You never know, even a newbie can be very good at managing money sometimes.