Post
Topic
Board Trading Discussion
Re: How to be A Good Trader? [new]
by
Lpim01
on 18/05/2019, 23:04:39 UTC
The key is to Have proper risk management. Common mistakes that a lot of traders are doing is to simply go "all in" like they are playing poker. Do not use more than 5-10% for each position so you will not get rekt at your first trade. Don't risk 30% to earn 5%.
yes really good point because we don't know how the risk will effective if you manage the risk into you are good way then your next move will easily solved and risk management only gives the profit also that's why I am saying this your profit is definitely possible.
If you'll doing good in your trades, you'll probably be having profits of its high percentage but also depends on what coins we use to trade for.
Obviously, traders get fails because of the wrong choice of coins. This is very important to know also our limitations and surpassing our limitation will bring us into high risk of losing.
If you have passion, hardworking person and have a technical knowledge base in crypto will bring us into becoming a good trader in the future.