Quote from: Joeboy on May 31, 2025, 10:34:02 AM

Things like setting stop loss, not putting all of your money in one single trade no matter how sure you are, understanding your risk to reward ratio, knowing when to sit out a trade , all of this makes a huge difference. Its not about being scared but being smart.
Don't get me wrong friend as your know am still a newbie in this forum so it's not like am maybe condemning any trading style or trying to act like a professional. According to Phil Collins ''In learning you will teach and in teaching you will learn.'' So I believe that learning is two way both the teacher and even the learner learns. So I am even also learning
At the end of it all the market is uncontrollable, and how you respond to market is what is what can be controlled and your ability to respond well to the market is what makes you more successful than others in the crypto/ forex space.

You're absolutely right — risk management is key. But here’s something a bit controversial:
Using stop-losses blindly often guarantees losses, especially in the crypto market.

Let’s be real — we’re here to make profits, not just survive. And Bitcoin is notorious for chopping sideways for weeks or months, aka the “death-by-a-thousand-cuts” phase. In such environments, tight stop-losses often lead to repeated losses that drain your account faster than you expect.

That’s why I believe the best protection is not always a stop-loss, but smart position sizing and money management.

Here’s what I do:

I only long BTC, never short it.

My first entry is always without leverage, because Bitcoin can dip 70–80% — and I want to stay in the game.

Once the trade goes in profit, I scale in using a pyramid:
Every additional position is backed by a breakeven stop-loss from the previous profitable one.
That way, the higher BTC goes, the higher my leverage, but my risk is zero.

This method lets me ride trends safely — while protecting capital like a pro.