Why Risk Per Trade Matters More Than Confidence

I can feel extremely confident about a setup and still be wrong.

Confidence doesn't change the market's uncertainty.

That's why I decide my risk before entering rather than after seeing how the trade develops.

I calculate the distance to the invalidation level, account for the contract's value, and choose a position size that fits my risk limits.

A strong opinion should never be an excuse to risk more than planned.

Good risk management protects me from the gap between what I believe and what the market actually does.