Rarely Risk Over 2%
Solid bankroll management separates many amateur traders from professional traders. We tend to not risk more than 1% per stop loss and rarely risk more than 2%.
Minimum 2:1 Reward vs Risk
We know our numbers. We understand our winners will earn at least two times more than our losers. A high win rate is not important if you understand statistics.
Solid Trading Plan
Failure to plan is planning to fail. Prior-Planning-Prevents-Poor-Performance. Once we have a trading plan, we are disciplined enough to stick to it.