Quote from: Johnyz on October 27, 2020, 09:44:25 PM

Quote from: Yaunfitda on October 26, 2020, 11:38:32 PM

There is always risk involved in crypto, that's why you are seeing that kind of warnings. And there's risk aversion as well, so it's really up to us on how to manage it. So personally, I don't see that there are different though, risk is a risk. The big question is how you are going to mitigate the risk? Do you have plans?

Knowing how to deal with risk is one of the skills that you need in order for you to become a successful trader, and yes all the risk are the same but it increases the moment you decided to take more risk. Making plans and strategies can lessen that risk especially in trading cryptocurrency where volatility is very high. Don’t expect not to lose money instead prepare for it and have a back up plan always.

I agree with you Cool

Successful traders understand the importance of risk management. Trading is inherently risky because it is a zero sum game. Every dollar you gain through trading represents a loss on someone else’s balance sheet. A losing trader has no trading plan. This is the most common mistake, you should not make it))