This is an important aspect of trading that people especially newbies that are practicing risk management do neglect. It is better to earn gradually than trying to earn big and losing all of your money. In trading, the more you risk, the more you lose and vice versa. Rome was not built in a day, so you have to be patience to see yourself grow gradually as your earn little by little until you have gotten enough capital to risk more of your initial investment at hand that time.
Trading is risky and having enough knowledge about it is not enough. Knowing how the market operates, its history, its cycle and different phases within a cycle, as well as vital order types to avoid, reduce your loss, are important firstly to defend your trading capital. If you can not protect your trading capital, you will not be able to get profit from trading.
Awesome cryptocurrency trading.Learn cryptocurrency trading.The market makes the moves sharply and they immediately get onto the trade to either give them a TP or SL which is okay by them. The risky nature of altcoin is not for beginner traders especially memecoins, so it’s important they are not traded until they’re more mastered than before.
With trading, using stop loss order is very important practice. It is a like a must used order, and it does not depend on whether you are trading bitcoin or altcoins.
It's
one of best weapons in trading.