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
You can minimise risk if you buy only the popular coins that you can trade everyday so that you get profit. Coins that popular are profitable don't buy coins that you know that you can lose your money there l. Be smart and choose wisely before you gonna buy coins that you want to trade.
There's no way you'll know that you're going to lose your money on a certain coin. Investing is similar to gambling, though they have different level of risks, but the result is uncertain on whether you will lose your money or you'll get a profit. Choosing to buy top coins in the market doesn't guarantee you a profit either, it's still up to you how you manage your investments. Therefore, to reduced the risks on your investment, you need experience, research, and high level of risk tolerance.