Post
Topic
Board Trading Discussion
Re: 5 tips to reduce your risk when trading bitcoins and altcoins
by
prtty2gal2
on 23/02/2018, 12:21:55 UTC
1. Have a clear target and a clear stop loss
Remember: trading doesn’t need emotions; only reason and rationality. And you just can’t ignore discipline.

2. Sometimes it’s better  to take a small percent profit per position (especially during the bear market). Yes, you will need to make more positions for significant gains, but the guarantees of the success will be much higher. The truth is that the best traders in the world aim for small and consistent profits. They know this is the only way to success.

3. Do not trade with money that you need for living expenses. This is called "risk capital" for a reason.

4. Don't be a blind bull. ALL markets are cyclical. Don't be afraid of failures or failures on the market - this is where you can earn more money.

5. Don’t go for one coin, but invest in multiple currencies. That way you’ll spread the risk. In our CryptoMaker Premium channel we post 3-6 actual signals daily – just pick any several coins you prefer and invest.  Happy trading!
Those are very nice points and can easily help anyone who cares to listen or read to avoid making some terrible mistakes when trading and so many people really do not know that sometimes, the simple things we overlook a lot in trading are some of the things that can earn us those good profits, but of course, we forget that and we get carried away looking for the big wins while some people are earning a lot with the small ones.