Possibly the most important aspect of trading is managing your risk. Losses are a part of trading and you have to learn to take them. If you lose 3% of your trading account you will find that even a few losing trades in a row will not have a huge impact on your trading account. However if you take even one 30% loss you will find it very hard to last any length of time in the game. Managing you risk comes down to discipline and trading psychology. You must be able to take losing trades and concentrate on the bigger picture which is long term compounding returns. Whilst the discipline is down to each individual trader, QVirtue has developed a risk management tool to help you quickly and easily calculate your position size with each trade. Use this tool!!! As simple as it might seem, it will have a big impact on your trading.
