Risk Management - All new traders need to understand

Hello everyone:

Here I want to discuss risk management in my trading plan.

This is usually a topic that is going to have different opinions/debates on, so I will just focus on my own plan only.
Not here to claim my is the best or others don't work.

I will also touch based on entry, SL, TP, and how it varies from traders to traders based on their style, strategies, and risk management plan.

Thank you