Above all, risk management is the most important thing to do well, regardless of whether you trade breakouts, pullbacks, mean reversions, indicators, commodities, forex, stocks, or crypto, and regardless of whether you are a day trader or position trader. Keeping losses small and controlling drawdown helps you stay in the market longer, giving you more time to learn and improve. If poor risk management makes you blow up your account in the first two years, you can't continue the journey. Risk management is the holy grail of trading. The second factor is learning from your mistakes by reviewing both winning and losing trades.
Source: Back on margin and many yapping | 5 May 2026