Quote from: Fivestar4everMVP on July 02, 2023, 07:43:20 PM

Quote from: Kara3 on June 02, 2023, 07:22:47 AM

_ 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.

All that you have said above are correct, as they indeed correlate to risk management, and I think one of the most important of this rules is still the not to go into trading with an amount of money you can not afford to lose, I personally believe that this is the root cause of all other problems aside, or maybe most of it.

Anybody learning to trade should always start really small, that is, starting with a small amount of money, this is to minimize losing too much. Or more than expected.

True it is highly recommended to start trading with a small amount of money,
trading alone is so risky that a slight mistake in decision can cost you money,
so these risks must be considered and remain careful.