snip
_ Don't risk too much money, start with what you can afford to risk. Focus on the risk not rewards.
that's right, most traders who lose are those who prioritize profits
(big capital then big profits), they don't realize that focusing on risk is more important
_ 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.
always prioritize taking profits when you have made a profit
(don't hold it too long) and always use a stop loss strategy when the asset value is decreasing by a few percent
(don't hold it too long unless you are sure that the asset will increase in the future)_ Reacting to risk, use stop loss and always take profit.
understanding that risk is the most important thing when trading, never underestimate it.