/biz/ - Business & Finance

i just took my first big loss in day trading on Thursday, i want to learn about risk management now, what are some tips you guys suggest? to revise my strategy im only going to sell using trailing stop loss orders now, also im going to try my best to just complete a trade within market hours, also im going to only trade with half of my total account value for now on and any profits i make will also be cut in half and basically kept as savings. which sectors do you guys think are the safest bet in stocks?