QCOM stock | Lesson learned | $700 dollar loss | Predertermined loss | QCOM trade No 1 | Oct 27 - 28 2025

 2. Implement Strict Risk Management 

A robust risk management strategy serves as an objective check against emotional, ego-driven decisions.

• Use Stop Losses: Always use stop-loss orders. These automatically exit a position at a predetermined level, preventing a small, manageable loss from becoming a catastrophic one influenced by your ego's refusal to exit.
• Limit Position Size: Never risk more than a small percentage (e.g., 1-2%) of your total capital on any single trade. This practice minimizes the emotional impact of a loss.
• Adhere to a Trading Plan: Develop a clear, written trading plan with defined entry and exit criteria. Commit to following this plan rigorously.