Trade Management

Trade management is one of the standard of risk administration. We can not put all our cash in trading. There is a few guidelines. For my trading I risk 2% of my capital for every trade. What's more, the most extreme presentation to risk is 4%. It implies I open most extreme of 2 trades. Most traders do not follow this rule. They just risk all their money into trading. I think everybody ought to keep up their risk administration rules. Because trading is all about discipline.
Indeed, I agree that discipline is the key to success. It functions as the base of successful trading. Despite this, In my own experience of ups and downs, I can't begin to count the number of times that adhering to those risk limits has saved my life.
Trade management is all about setting lot size, following risk management policy, deciding how many trades to open every single day.