RISK MANAGEMENT ,Diversification, patience,cryptotrading

aiourahmed992 (45)in #smart • 7 years ago (edited)

heyyy guyzz,

hope u are doing well

As we know bitcoin is bearish right now and is under major correction along with lot of FUD going around

So in this situation we almost do losses because we dont follow Rules And do opposite

i am going to share with u guys some of important steps which u should not only read and forget but u have to be ready for

implementation also and i know its hard due to emotions but trust me there is no option

Risk management: risk management plays a vital role in traders life but many of them fails to do so lets try to follow below mentioned seriously
A trader needs to understand how to manage his risk, size his positions,

2)Always compare winrate and reward:risk together

3)Don’t use daily performance targets

                                                        DIVERSIFICATION OF PORTFOLIO

there is an old saying Don't put your all eggs in one basket"

1)Spread your capital (do trades in more the one coin , don't put all in one )

2)Never Be Bag holders (timing is everything in crypto mind it )

3)Keep an eye on market dont day dream or fell in trap of whales

                                                                  PATIENCE

Along with above factors patience also plays a important role

but without following Above mentioned rules your patience will wash ur dreams along with your account

        Do’s

2)Looking for opportunities coming to you rather than the opposite

Respecting the original plan once you’re in a trade

                                     Don’ts

1 Waiting to stop out a losing trade:

2)Hesitating to jump in when a great setup stands out

3)Rushing to take profit when a trade goes as for the plan

I hope we together will follow these rules

Thanks guyzz stay safe

need your support and love

Lets grow together

See u in next post tc

7 years ago in #smart by aiourahmed992 (45)

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