That’s Not All...
You also have to determine stop loss and pip value and add these important factors into your money management formula.
Honestly, all the calculations and constant monitoring of your gains and losses and account balance and risk percent can quickly leave you feeling stressed and confused.
Again, that’s why so many traders choose to ignore money management, which quickly puts them in a “win-some, lose even more” pattern that quickly reduces their balance to zero.
Or, Like I Said Earlier,
Maybe They Completely Lack Discipline And Lose Everything Going For It All On One Big Trade.