Risk Management Best Practices
Rule #1: Never Risk More Than 2% Per Trade If your account balance is $1,000, your maximum stake should be $20. Rule #2: Set Daily Loss Limits Protect your capital by stopping when you hit your daily loss limit. Take a break and start fresh tomorrow. Rule #3: Use Proper Position Sizing Start small when testing a new Deriv bot. Gradually increase stakes as you gain confidence. Rule #4: Diversify Your Strategies Don't put all your eggs in one basket. Run multiple Deriv bots with different strategies. Rule #5: Test Before Trading Always backtest your Deriv bot on historical data and run it on a demo account before going live. Rule #6: Monitor Regularly Check your AI trading bot performance daily. Be ready to pause if something looks wrong. Rule #7: Keep Emotions Out Let your Deriv bot follow its programmed logic. Don't manually intervene based on fear or greed. Rule #8: Start with Demo Practice with virtual money until you're confident in your strategy and the pla...