Quote from: Twentyonepaylots on April 04, 2020, 06:35:33 PM

Quote from: Findingnemo on April 04, 2020, 06:26:43 PM

Don't jump into a pond, immediately after you see it because we never know how deeps is that that is what OP is trying to say.

But isn't that too obvious to post tho? I mean every one has got their thing to lose, and that includes every thing they have got. It's pretty obvious tho that you can't put a risk on something you can't afford to lose, although sometimes there are instances but that's out of trading anymore.

Quote from: Findingnemo on April 04, 2020, 06:26:43 PM

Well, people who have money and wanted to multiply then into more in short time may find crypto is a real opportunity but they don't understand the risk behind trading cryptos so they lose more.

I agree, I have done it once I almost tripled my money in just a day because of a single trade Grin

but the risk is too high for that I'll never do it again I swear. Crypto is for every one but trading? Uh oh no it's not.

With that mindset, it is necessary for you to always keep in mind that minimizing the risk of loosing is really helpful for you to have an effective trading career. Don't trade what you can't afford to lose because regret will always come after you.

Regretting what you've lost is really stressful and can affect your mental health, that's why you need to have a certain amount where you can trade without any regret and you're comfortable with that amount and also gives you profit. Crypto is not that easy to trade because there is something more importance about a crypto and its value differ from every country but not in the market.

It is normal in trading to lose a certain amount of money but it is in you on how much money you will lose when you don't have any strategies in trading. Stop loss is also effective in minimizing the risk of losing your money in trading you just need to read some information about that and how it will help you in trading.