Post
Topic
Board Trading Discussion
Re: Risk management , how ?
by
4IRIK
on 19/02/2020, 21:00:13 UTC
I'd recommend to make a structured plan with trading schedule and limits. To identify the max drawdown, the number of losing trades etc. These are the basics of RM to start with. Also, you may try the software to help you in it (automatization of risk management):

[b https://www.bitinsure.com/
[/b]
It is an automated risk monitor. I set the limits like max drawdown and other options at several Bitmex accounts and Bitinsure sends a notification since the limit is reached. This way I can have a rest and get notified when sth goes wrong. Also, it provides automated statistics reporting. This thing is useful for trades analysis




Also, try to learn about money management. It works along with risk management to multiply the capital.

Good luck!