Risk Management
Risk Management
Although MICAlgo might appear to generate profits effortlessly, it's essential to remember that it provides a statistical edge rather than a guarantee. Past performance doesn't ensure future success, but it can offer insight into potential outcomes.
When using MICAlgo, it's crucial to practice good risk management and limit your exposure to no more than 3% of your account to minimize losses. Keep in mind that no algorithm is flawless.
Allocating 3% of your portfolio to risk doesn't mean you must invest that exact amount in each trade. You could, for instance, allocate 10% of your portfolio to a specific trade, but it's vital to avoid excessive leverage and to set stop-loss orders in place.
As the saying goes, "Respect your money, or it will find a new owner."
For more information, please see our Risk Management section under Education:
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