1. Risk-Reward Ratio (RRR) must be higher than 1:1: False - Aiming for lower RRRs (e.g., 0.5:1) can still yield consistent profits. 2. Risking 2% per trade is necessary: False - Risking 0.25-0.5% maximum can promote consistency. 3. Diversification always reduces risk: False - Diversification may not guarantee reduced risk; correlation matters. 4. Long-term trading is safest: False - Timeframe safety depends on strategy, market conditions. _Key Takeaways_ 1. Focus on average positive return through risk management. 2. Adapt RRR to suit strategy and market. 3. Conservative risk management promotes consistency. 4. Correlation and strategy impact diversification effectiveness. 5. Timeframe safety depends on context. _Additional Insights_ 1. Position sizing and stop-loss placement impact RRR. 2. Market volatility affects diversification benefits. 3. Strategy optimization requires continuous monitoring.