Post
Topic
Board Trading Discussion
Re: What can we do to minimise the risk in trading
by
milewilda
on 19/04/2020, 23:12:03 UTC
As my title is newbie but i have experience with the trading so there are many things which we should do and avoid while trading.
As we all know that the basic rule of trading is to buy any coin as its possible minimum price and sell it at the possible highest amount to gain the profit.
So here is the things which we should do in trading,
1. Monitor the bearish and bullish market carefully
2. Follow the trends going around the crypto world
3. Invest only that amount which we can bear to loss.
And the following things we should avoid
1. Greed while trading
2. Keep the emotions away from trading
3. Don't invest in dump coins

This is my experience which i write with clear words and what your experience and addition in this post.

Minimizing risk? This been the hardest part and cant really be attained easily by a certain trader unless if you do have trading for a while than on just starting up.
Yeah those points you do have mentioned are indeed needed but want to add up;
•Handle out emotion
•Dont force to be profitable
•Always seek out the best time to get in and get out
•Dont let yourself get Fomo'ed or affected by Fud

Actually its an easy thing to say but really hard to be done but due to experience you would able to do these things.