A trader explains why risk management isn't one-size-fits-all. You need a risk personality that matches your tolerance: some traders accept small daily losses for bigger weekly wins, others prefer consistent small gains with minimal drawdowns. Your trading model can be the same as everyone else's, but how you manage risk should be uniquely yours.
I tried during the years multiple ways of managing risk, and this is what works for me. I think every trader should develop his own personality because we are all different. The trading model can be the same for everyone, well, if you approach order flow, but then it comes to risk tolerance. I'm really okay with having small days of reds waiting for the big run of the week, but there are people that want small wins consistent and only one day that maybe lose a little bit more, but they don't see floating in the equity curve that costs too much. I think this comes to personal preference.
