Quote from: sovie on January 23, 2020, 06:40:35 AM

Quote from: 4IRIK on January 20, 2020, 12:43:25 PM

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 Wink

Trading is not for newbies and for those who dont have proper knowledge of that. Greatest risk is start trading with huge capital without having any knowledge of that. I prefer HODL over trading since there is very little risk involved in this strategy.
https://www.bitinsure.com/blog/?p=59 this link is asking for username/password.

Yes, it is tough and explaining the hardness of the trading journey to the new traders is tougher than this. The quick rick scheme is still dominant on the minds and people don't want to understand the fact: The easy money idea is the deal-breaker for the experienced traders and they always prefer to manage the risks with strong money management and diversification.