Quote from: PuertoLibre on January 13, 2020, 06:17:19 PM

Quote from: Samwise_Coingee on January 13, 2020, 06:10:17 PM

As I see, the majority of traders loose because of poor risk management. IF you cannot manage risks you cannot earn in long-term, that's it. My personal recommendation is either to learn risk management. or use the software that will do risk management for you. Personally I use Bitinsure service to monitor all the risks and stats at several accounts.

Managing risks have a general meaning, in trading, the concrete trading plan should have the part called money management and risk control. There is no perfect Holy Grail trading strategy no matter what kind of setups the trader uses. Using third-party software is risky for the big amounts, a single mistake can cost thousands, btw.

There is no perfect trading setups, all of trading setups have risks. We can avoid huge losses, if we know what we are doing. For me, it is not good to start trading with big capital because we are prone to losses. Trading is a game of probability and we cannot guarantee if we will win or not. Having good risk management can protrect our fund so we should focus first in risk management. We should also know the good diversification strategy that we can do.