I found lots of threads here on the reasons for losses or the ways to earn in the long term.
Some of the threads are quite useful, but here I'd like to put special attention to risk management. Many traders, even those who use cool strategies lose. Everyone loses sometimes. This is a rule of the market.
I'm already 10 years in trading and can state that to save is harder than to earn, that's my position. So, always plan your trading system with a special attention to risk management.
Here you can read about risks and losses:
https://www.bitinsure.com/blog/?p=35
And also reasons not to rely fully on trading bots:
https://www.bitinsure.com/blog/?p=59
Probably after it you will pay more attention to risks. Hope this will be useful.
What types and methods of risk management you use? Any software? What risk limits do you set?
Let's share
Totally agree with you, In this market we need to know risk management and have a clear investment plan. We cannot succeed if we blindly invest in this market, sooner or later we will lose all or invest in poor quality projects without any profits. When I started in this market, I invested in what I liked. But after a year of losses, I also learned how to manage risk and cut losses if necessary. Obviously it helped me a lot in this market and now I rarely loseSome of the threads are quite useful, but here I'd like to put special attention to risk management. Many traders, even those who use cool strategies lose. Everyone loses sometimes. This is a rule of the market.
I'm already 10 years in trading and can state that to save is harder than to earn, that's my position. So, always plan your trading system with a special attention to risk management.
Here you can read about risks and losses:
https://www.bitinsure.com/blog/?p=35
And also reasons not to rely fully on trading bots:
https://www.bitinsure.com/blog/?p=59
Probably after it you will pay more attention to risks. Hope this will be useful.
What types and methods of risk management you use? Any software? What risk limits do you set?
Let's share