Risk

Despite what you may have heard from the "experts" out there, there is not a single soul that can tell you what's going to happen next in the market.

Only God knows what the future is like. The "experts" are certainly not God!

Because we don't know how the next price bar is gonna look like, the only thing that we can do is to determine how much risk you're going to take, when you enter a new trade.

Or to put it in another way, how much money you're willing to lose if you're wrong about the market.

We need to focus on risk more than thinking about how much money we can make out of the trade.

Ask yourself "How much money can I lose in this trade?", before pondering about "How much money can I make in this trade!"