Quote from: palle11 on January 25, 2020, 11:13:24 AM

Quote from: jazmuzika217 on January 25, 2020, 09:20:34 AM

Honestly I did not use any device as a risk management. I will only set a price value bracket when to stop to invest. Like when the coin price value will fall more than 60% of your capital I think it is the time liquidate. And the best risk management that each of us can easily apply is fact that you need to invest the amount that are ready to loss.

In the real sense of it, your loss that you set should be worked with your balance because if you lose a greater percentage of your balance in a first trade and continuously losing such, you will see that your account will be off. At least 1 percent loss in your trade is recommended.

Well he did say that a major aspect of risk management is simply to put in money that you can afford to lose. So in cases where you become too careless or unlucky, which will cause big losses on your capital, it won't hurt you that much. It's just about looking a few steps ahead. It's easier to manage the risks if you're not that afraid of losing all your capital.