No trading method will be successful without a solid risk management foundation. I learned this when I started. I now use a 3/3 rule. Meaning I trade until I receive 3 winning trades or 3 losing trades for the day. I use a 1:3 risk:reward ratio. This gave me greater chances of ending the day green. Then I built a strategy that works around my 1:3 risk:reward ratio. Here's how it looks. W/L 3-0 Winning Day 3-1 Winning Day 3-2 Winning Day 3-3 Winning Day 2-3 Winning Day 1-3 Break Even 0-3 Losing Day This gives me a 14.28% chance of ending the day in red. This also builds my confidence during the day because I know once I win one trade, I at least break even. 1:2 risk:reward is also good for trading 3/3. There is just no break even point. W/L 3-0 Winning Day 3-1 Winning Day 3-2 Winning Day 3-3 Winning Day 2-3 Winning Day 1-3 Losing Day 0-3 Losing Day