Good advice. I find the hard part for me is maintaining the discipline to control my position sizes with my entries. I am going to write a post about that soon. I think its ok to take a high risk trade here and there as long as you’re only risking a small fraction of your portfolio size. For me, I only have $850 in my trading account, so I should probably only put about $20 in if it’s a high risk trade. This is a mistake a lot of new traders make. They see an opportunity and they might even be right about it, and they go all in on it. Maybe they win a couple of trades like that, and they start to feel unstoppable and go all in on the wrong one, and bam, they’ve just lost half their portfolio.