Rule-Based Risk Management.

In rule-based risk management, we simply means that anytime you want to place a trade, you must have a predefined number of pips from  your entry point to Stop-Loss. For instance, if your rules states 20 pips max, you must not enter a trade whenever the Stop-Loss is above or more than 20 pips. Though you can take a trade should your stop-loss pips be less than 20.

Stick to your rules and always take action when needed without hesitation and fear.

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