If you're not in mood to get SL hit, atleast put 3-5% of your unleveraged capital as SL instead of losing your cool. I despite kind of traders who don't protect the capital or control the loss. It brings negative environment to their job, their family and what worse.
Yes, well think about other side as well. If something goes not in favor, you can wiped off 50% or 75% of your whole capital within short time just because of high leverage and poor management. It's a double edge tool and can't be played easily. Leverage the risk before leverage the trade.
True. No risk management leads to trap in fear. When i started trading years ago, i was winning 15 times in a row (all naked), but i know i was missing something and there it wiped double of all the profits. thankfully, that was demo trades only. Risk+money management undoubtedly a foundation...