Post
Topic
Board Trading Discussion
Re: Risk management
by
hyudien
on 02/06/2023, 11:12:25 UTC
_ Don't risk too much money, start with what you can afford to risk. Focus on the risk not rewards.

_ Identify potential risk as;if it goes down, if you don't take profit, if you don't use stop loss and if the coin goes against your analysis.

_ Reacting to risk, use stop loss and always take profit.
I don't think this needs to be reminded anymore because everyone already knows that risk management must be done before playing in the market. However, does this idealism apply if you see a market rally in a relatively short time? Price fluctuations make traders more ambitious and unable to control the profit that has been targeted. It is true that we should make more money, but it will be more difficult for everyone to implement Stop Loss. Believe me, you are entering a trading area where the volume level is very high, so whatever the rules are, they are often forgotten.