Quote from: iged_war on April 07, 2019, 10:19:54 AM

Quote from: BeGoods on April 07, 2019, 09:58:40 AM

Quote from: GreatArkansas on April 07, 2019, 08:41:13 AM

Quote from: mrdeposit on March 30, 2019, 01:36:29 PM

It is not possible to reduce the loss completely, for that we should not trade for it. But, with smarter risks, we can reduce the loss a little.

Cutting our losses is just reducing only our possible losses, so even if a little, it's considered at cut loss. Risk management is the key here, every successful trader has their own risk management because I believe that it is much better to earn small profits slowly but surely than earning big profits but you may also lose hugely.

Thats the way by cutlose, you really need risk management to be used, you have to look at market conditions and determine where the price will go, then you can determine whether to sell or hold, if the price falls then you can minimise the loss by selling it

to able do this we need skill in chart or technical analisys.if we understand it i am sure we will understand how and when we have to cut loss or hold our position.

Yes it is very important to know how you will become a good analyzer, you will have to visit those informative sites which can increase your knowledge and it can give you ideas how to invest and trade profitably. To minimize the risk of lose you will have to make proper plan and then trade for the long term as price recovery takes time until then we will have to wait.