Post
Topic
Board Trading Discussion
Re: How to stop taking high risks?
by
farlack
on 19/09/2019, 22:03:06 UTC
Since that accident repeats, I guess you trade with money that you can afford to lose. The problem is that you are looking for high rewards, that's why you take high risks and that's why your risks will almost always be high. Seems during this high risks, your chance of win is very low and that's why you win rare.
There is no direct way to stop, you have to change your habits, try to adapt on new habits from current one, be emotionally strong, it's not necessary to trade often, just trade when there is time, try to catch good moments. Failed? It's a new opportunity to learn, just see, you understood that your plan is bad and that happened because you failed, every fail is just a step in a way of success.
Point is that I became tolerate to losing funds and high risks. So now I can afford to lose even too big amount and other people money

Yesterday I lost my client deposit... It was like a trial period to test my strategy , I managed 0.1 btc of his deposit, I started with money management, small leverage, made like 10% of profit in first 2 days and then I switched to big leverage, shifting stop losses once price is getting closer,  emotional trading and lost everything!