Position Sizing and Risk Management (for newer traders)

Stop gambling! I see this all of the time, too many new traders using max leverage on every single trade. Do you want to see steady growth in your account? Then stop here and let this really sink in, use the same amount of risk on every trade. For example, if your risk is 2% of your account size per trade then make sure no matter where your entry is your stop loss and position sizing is always correct so you don't lose more than 2%.