---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000319349.md"
description: "Be at peace with the outcome of a trade PRIOR to taking the trade.  Know the exact dollar risk on the trade.  Know your stop-loss and why.  If you are wrong how much % of your account do you lose.   If you are new to trading you must understand risk as the first thing you learn. All things trading setups, charts, etc.  are useless if a trader can't control risk.Source: Sunrise Trader"
datetime: "2025-11-21T20:15:57.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000319349.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000319349.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000319349.md)
author: "[Sunrise Trader](https://longbridge.com/en/profiles/24261295.md)"
generator: "portal-rs"
---

# Be at peace with the outcome of a trade PRIOR to t…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**