Quote from: DVlog on Today at 01:55:58 PM

Quote from: jossiel on October 03, 2023, 11:52:24 PM

Quote from: DVlog on October 03, 2023, 07:25:00 PM

I think we should be more careful about managing our funds for trading. Without proper money management no matter how great or experienced a trader you are there could be a big loss waiting for you. The market changes drastically in crypto so money management can protect your portfolio from every kind of risk. It can eliminate the risk of damage from emotional decision making as well.

Losing doesn't choose any type of trader, it comes to all forms and you are right that whether you're great in everything the time of losing is going to come no matter how good you are.

But the advantage with that is you know how to manage the risk and in spot, you're likely having more idea on how it goes and what timeframes you'll use to spot on good trades.

A trader can not get a 100% positive result from every trade. All of the traders fall into situations situation when their trading skills and analysis fail to serve them. Professional traders manage to handle this kind of situation and lower the impact of losing trades by developing great money management strategies.

Yes.

All of the traders, can't get 100% despite all the experiences and the analysis that can be given to their trades. It's already part of how trading is.

Quote from: DVlog on Today at 01:55:58 PM

So a new trader should focus on building their own money management strategies first.

Like in what we tell in gamblers, they have to trade and start with capital that they can learn from their mistakes and afford to lose.