Crypto trading offers high rewards but also carries high risks. Without proper risk management, a single bad trade can wipe out weeks or months of gains. That’s why traders set clear rules for position sizes, stop-losses, and maximum exposure.
The goal isn’t just to win trades,it’s to protect capital so you can stay in the game long-term. Overleveraging, chasing losses, or going “all in” usually ends in disaster. Even experienced traders know the importance of managing risk over chasing constant wins. In crypto, survival is half the battle.Do you have a risk plan for every trade or do you rely on luck when markets turn against you?
As the market is very unpredictable, we are not sure if even the risk management that we have are enough to survived in this market. Even if we have the experience on other market like in stocks and then we move to crypto, uses technical analysis, laid down mitigation factors, but still that is not enough in crypto. Of course, it's better if we have the knowledge, but this market is very different.
And as you mentioned, there is also this element of luck. Maybe you stumble early on a diamond in the rough and invest and became millionaire, such as in meme coins. But it's not the only factors. I guess it's combination, just learn how to navigate and see how it goes for you. And learn from that mistakes, it could be very expensive in the beginning, but at least there is some lessons in there.