successful trading is about managing risk minimising it as possible as we can , i have read that with correct risk management even with flipping a coin we can do trading and be profitable
i want to know what methods/rules are there to minimise risks
1.You can minimize risk by reducing the size of your portfolio.
Risk comes from the volatile altcoins that people become enthusiastic about and move on to those from bitcoin. They forget that bitcoin is what is going to be the biggest coin in the future and fall for the false promises of some shitcoin. So reduce your portfolio and keep bitcoin to the maximum if not 100%.
2. Move to other sectors that just cryptocurrencies. But this depends on your expertise. This helps mainly during the times when crypto is dumping and other market are rising.
3. The internet is full of paid media articles. Stop reading them and the reddit channels on crypto. Its more like breeding grounds for waste of time conspiracies there. Use your own research to develop your own charts and use them to buy/sell and observe how you progress.
Remember that trading is not everyone's ballgame. You may fail at which point it is wise to quit.