Over the past few weeks, we asked 17 trading professionals from all different areas of trading to answer one question: What is your #1 risk/money management advice for novice traders? And here are their answers: Steve Burns Adjusting your stop and position size based on volatility @SJosephBurns | New Trader U The very first rule we live by is: Never risk more than 1% of total equity on any trade. -Larry Hite (Market Wizard) SteveBurnsOne of simplest lessons that a trader can learn to ensure long-term success is never risk more than 1% of your trading account on any one trade. This does not mean trading with 1% of ... (full story)