Risk management is an art that comes with experience. It’s an integral part of successful trading. Sadly in the mix to find “best strategy” and make money quickly, many new traders miss this.
At large, stock trading is all about balancing risks- finding that sweet spot where risk is low and reward high. Every decision you take, every move you make is directed to avert the involved risks and maximize returns. And for this reason, having a separate risk management plan is no less than essential.