Steal this risk management rule most traders never learn: The best time to build your rules is when you have no open positions. The worst time is when you do. If recent market crash got you pain, read it slowly: ⇝ Rules written during a live trade are rationalisations, not insights ⇝ Your brain is solving for "how do I justify this trade" not "how do I trade better" ⇝ The rule you write to defend a losing position is the rule you will break next week to defend another one ⇝ Build the system when calm. Follow it when it matters. The two are separate jobs. This is why your "I'll just hold it through" rule shows up only when you are underwater. It is also why most traders cannot tell the difference between a rule and a feeling dressed as one. Build the rule. Follow it. It's that simple. Got it?