Not every trade closes in profit—and that's the reality successful traders accept. The difference lies in execution: when a position starts moving the wrong way, cutting losses quickly becomes non-negotiable. Some traders go further, flipping their stance mid-trade to hedge losses instead of watching red candles accumulate. This approach transforms potential disasters into damage control. Here's what stands out: risk management isn't just another strategy element—it's the backbone. Winners matter, but how you handle losers matters equally. The traders who survive market cycles aren't necessarily those with the highest win rate. They're the ones who refuse to let a single bad setup drain months of gains.