1. Set Appropriate Stop-Loss Levels Place stops below support for long trades and above resistance for short trades. 2. Use a Favorable Risk-to-Reward Ratio Aim for at least 1:2 to ensure profitability over the long term. 3. Limit Trade Sizes Risk only 1-2% of your account per trade. 4. Monitor Open Positions Regularly adjust stops to lock in profits as the trade progresses.