Risk management is the backbone of successful intraday trading. It ensures capital preservation and longevity in the markets. Traders should never risk more than 1–2% of their capital on a single trade. This prevents emotional decision-making and major drawdowns. Key techniques include position sizing, stop-loss placement, and diversification across instruments. Avoid trading based on tips or news without confirming with charts. Maintain a daily risk limit—e.g., stop trading for the day after 2 consecutive losses. Using trailing stops, avoiding revenge trades, and sticking to pre-defined setups help control emotional impulses. Journaling every trade with reason, outcome, and emotion helps improve strategy and identify behavioral patterns. Technology tools like TradingView alerts, Excel sheets, and brokerage reports can help track trades and exposure. Always have a plan for every trade and stick to it. Inconsistent risk management is the biggest reason intraday traders fail despite having good strategies.