Many market participants spend most of their time trying to predict where the market will go next.Professional traders often ask a different question:"What happens if my analysis is wrong?"Successful trading is not about being right all the time. It is about managing losses when opportunities do not develop as expected.A robust risk management framework typically includes:• Defined risk per trade • Consistent position sizing • Pre-determined stop-loss levels • Controlled portfolio exposureMarket forecasts can be uncertain. Risk management provides certainty.Over the long run, survival is one of the most valuable competitive advantages a trader can possess.