Thanks for explaining your risk approach, MrJoker. Risk is very personal and copying someone else’s rules usually doesn’t get you very far. One thing I do think applies to everyone though is what you said about not adding to losers hoping price will come back ?that habit has killed me more than once! Probably killed a lot of accounts?lol.

As you said, every situation is different. If saving €1k is hard for you and you’ve got a family to support, trying to double an account with heavy leverage is probably not the smartest move ?blowing it will hurt a lot mentally. On the other hand, if you’re single and have little to lose, it’s a different game.

Personally, what’s helping me is running lower leverage (10:1 / 20:1) to stop myself from over-clicking, and just growing the account slowly. Another thing that helps sometimes is using a rebate provider and only risking the rebates ?there’s some mental relief there as well, lol.

Anyway, risk management is messy, but it’s 100% the difference between winners and losers.