I know every one is saying it but it can not be helped. Risk management is super important.
I struggled the days i had a big loss i caught my self increasing risk and betting more than trading.
I have wiped out my account several times and think this time i´m gonna learn. But i always go back to my bad habits. I gave up and taught trading was not for me. For several months i was not think about trading and just going on with my life. But something was missing.
After some time i figured I would give it an other go. But this time forsure this time would be different! I did a lot of reading on self-control and mental training.
I sat down wrote my strategy on a paper with my risk/reward and risk management, I also sett a max loss for the day and figured if I hit i would call it quits for the day.
I started in January again and so far its going good. I have a 40% win rate and 60% loss but with my strict rules and risk management i´m finally able to stay in the +.
Am i the only one who wiped put several times but finally learned risk management and able to trade with out think about wiping out again (at least i hope )