Topic: Good capital managemt is important - page 2. (Read 627 times)
I quite agree with the tips that you shared to help novice traders manage capital management so as not to rush into making decisions, maybe a little extra for novice traders in addition to capital management there are very important tips, namely when choosing a coin to trade because if you choose the wrong coin would be a big disaster for our capital, of course the most important thing is that we choose a Coin ranked 100 CMC to be our main target in trading.
Money management is really very important. I also made mistakes, did not know how to trade correctly and did not properly manage my capital. It was a very valuable experience for me. And I can confidently say that you need to pay attention to this.
Capital management is do important today. There are huge coins to invest on the cryptocurrency market and if you do not follow some kind of strategy, you will simply loose all your funds invested in useless projects.
It may be a little bit wrong. The capital management used to manage our money especially to manage our profit. Fund management is really important when you will be deciding to invest in the crypto or try to build your portfolios. Strategy is not the only thing that will determine your success but there are so many factors too.
I do not think capital management is needed in the crypto currency trading sphere.
Trading is all about risk; without risk there is no gain
Traders go into each trade with a mind to lose; but the confidence to make more profits than the loss.
Always dyor
I think capital management is important in any form of investment, and cryptocurrencies are no exception, even it is very important, because of the high risk. Without managing capital trade is no different than gambling Trading is all about risk; without risk there is no gain
Traders go into each trade with a mind to lose; but the confidence to make more profits than the loss.
Always dyor
of course capital management is very important when you have a capital large enough to be traded to avoid high risk if you see crypto market fluctuations.
but it will be problematic when people do not have enough capital to trade and only wish luck on the market flow.
but it will be problematic when people do not have enough capital to trade and only wish luck on the market flow.
Protecting your capital is not that easy, I actually lose a lot of it before learning on a hard way. I do agree on these things, you must be fully equipped and knowledgeable enough to survive on this market, choosing the best and having a best decision can help you to save your capital and make money out of it. Trading is also not easy, usually traders losses their capital within a day, so be careful on that and be a good trader who keeps on making profit.
2. Learn and strategize how to manage your capital
3. Make research on choosing good exchange that will favour your trading.
4. Learn to take profit at intervals
Please add your suggestion for everyone to learn from it. Thank.you
Number 3 is the most important in my opinion, do not just trade on any exchange, trade only on exchanges with very high reputation and security since even after making profit, you might lose your entire funds on exchanges with low reputation/security. Again, go for exchanges with high trading volumes. Any trader who doesn't use stop loss is making a grest mistake, even the coins we consider top notch might have a strong FUD unexpectedly like what happened to ENG months back and led to massive drop in price. Also, do not use same figure for both upper and lower limits of your SL, use a range so that you will be sure it picks. Lastly, remove greed, take profit when its necessary, some people still make the mistake of waiting for 100% to 1000% when in profit, a good trader checks the chart and know when to leave the trade.
Capital management is do important today. There are huge coins to invest on the cryptocurrency market and if you do not follow some kind of strategy, you will simply loose all your funds invested in useless projects.
I think in trading depends on how the strategy or how far your knowledge of trading. I personally am not very active in trading because I don't have a high risk appetite, but next time I will try after the market is stable, have money and also knowledge capital.
as a beginner, I am very grateful to those of you who have shared this theory. I had previously been involved in business, but due to the lack of qualified management, it certainly made me lose my direction. thank you.
Avoid new coins if you wanna trade in the long term. Although listed on the top exchanges, it isn't uncommon for them to actively engage in fraud in terms of price manipulation and trading volume.
You can have general mentality of not investing into altcoins because all of them are good for a short term profits but not long term, still there will be people who are taking that chance with startups on IPOs and get fooled by IEOs here which are named to imitate but failed to deliver. If you want to keep your coins safe, buying bitcoin is what I suggest people.Long-term investments must be made on top altcoins
Even top altcoins are not give market performers. The only coin you need to make a good profit from is bitcoin - this has been proven so may times seeing the bear-bull cycles and watching the bitcoin and altcoin markets separately.For a good capital, putting >90% into bitcoin for the amount allotted to cryptocurrencies is a very wise decision.
another very important point is to learn how to always fix 10 percent of profits in fiat currency. this will always help to accumulate fiat currency for everyday needs and investments in the real sector of the economy. such diversification is also very important
Having known how to trade , when to trade, what to trade and what not to trade , capital management is a
Very important key in becoming a successful trader. Alot of people make this mistake especially the newbies like me that's why Capital management is crucial in trading, unless you're trading randomly which a serious trader should not do. Alot of people have lost their trading capital more than once which are not even newbies.
An arm of capital management is stop loss usage. It help you to determine your loses so that trades can be closed when it's triggered. When you trade major key points level/pivot point stoploss is important. Many people don't know this that's why am writing to give concrete awareness after doing some study coupled with little trading experience. I hope this helps as many people as it can .
In addition , Below are some simple tips that will help on our journey to becoming a successful trader :
1. Learn how to trade
2. Learn and strategize how to manage your capital
3. Make research on choosing good exchange that will favour your trading.
4. Learn to take profit at intervals
Please add your suggestion for everyone to learn from it. Thank.you
You have made a very good point, the only thing wrong is your subject line.
To complement your 4 points.
After learning to trade ; always make sure you learn to understand the market emotions, it helps a lot
Maybe you can add this suggestion,
Avoid new coins if you wanna trade in the long term. Although listed on the top exchanges, it isn't uncommon for them to actively engage in fraud in terms of price manipulation and trading volume.
agree, many new coins are falling in price and for the long term they cannot continue to develop due to many reasons which makes the team leave the projectAvoid new coins if you wanna trade in the long term. Although listed on the top exchanges, it isn't uncommon for them to actively engage in fraud in terms of price manipulation and trading volume.
Long-term investments must be made on top altcoins
Maybe you can add this suggestion,
Avoid new coins if you wanna trade in the long term. Although listed on the top exchanges, it isn't uncommon for them to actively engage in fraud in terms of price manipulation and trading volume.
Avoid new coins if you wanna trade in the long term. Although listed on the top exchanges, it isn't uncommon for them to actively engage in fraud in terms of price manipulation and trading volume.
Before number 2, you can add this "use the money you can afford to lose, and don't use all of your funds to trade".
That will be useful for people who want to start trading. Without having an effort to learn to trade, we cannot know how to manage our capital, how much money we will use to trade, what kind of strategy that we need to use related to the current situations, and else.
That will be useful for people who want to start trading. Without having an effort to learn to trade, we cannot know how to manage our capital, how much money we will use to trade, what kind of strategy that we need to use related to the current situations, and else.
Having known how to trade , when to trade, what to trade and what not to trade , capital management is a
Very important key in becoming a successful trader. Alot of people make this mistake especially the newbies like me that's why Capital management is crucial in trading, unless you're trading randomly which a serious trader should not do. Alot of people have lost their trading capital more than once which are not even newbies.
An arm of capital management is stop loss usage. It help you to determine your loses so that trades can be closed when it's triggered. When you trade major key points level/pivot point stoploss is important. Many people don't know this that's why am writing to give concrete awareness after doing some study coupled with little trading experience. I hope this helps as many people as it can .
In addition , Below are some simple tips that will help on our journey to becoming a successful trader :
1. Learn how to trade
2. Learn and strategize how to manage your capital
3. Make research on choosing good exchange that will favour your trading.
4. Learn to take profit at intervals
Please add your suggestion for everyone to learn from it. Thank.you
It is normal if you lose when trading especially with those beginners out there, a simple mistake is just a normal thing because we have made from that, failure is part of growin up.
My rule is never buy a pump or a Hyip,
How will you know which coin is a pump or hyip or scam? Well a scam can be detected early minimizing losses but what about the first two? PnD does not happen right from start. It happens when whales want to pump and dump and this has no relation with the project's real ownership or how they are managing it. Besides having a contingency plan for market making and so on. Quote
never buy a new altcoin to hold for the future when no active development from the team.
Again I ask you the same question. How will you know that suddenly development will stop and the project will fail? It is what happened with many ICO project and why the shitcoin market is in such a bad position. Let aside the excuses for bear market, I say the altcoin market was doomed from the beginning because they were never doing anything good at all.Quote
And always never use all your fund in market have a reserve and never sell all your position when you are not too sure of the market direction.
While the OP has listed some things that as commonly known, it is not wrong to sell all your position if you wish to. Its a choice if whether you feel that project will be going up in future so you are cashing out some money and holding the rest. 
The only best thing ive learned in trading so far is risk taking, you won't learn anything if you aren't ready to lose, most especially for newbies you need to be willing to lose before you can understand some facts about trading
1. Learn how to trade
2. Learn and strategize how to manage your capital
3. Make research on choosing good exchange that will favour your trading.
4. Learn to take profit at intervals
These are just normal suggestion. If you dont want to lose on trading, learn to be more careful, confidence is good but always take extra caution. Dealing with crypto trading is different than normal stocks trading. Here, you can experience a highly volatile market where you can see even a 100% loss. As long as you can handle consequence like that, you can manage to stay for a while.2. Learn and strategize how to manage your capital
3. Make research on choosing good exchange that will favour your trading.
4. Learn to take profit at intervals
Not all traders have profit, believe me there are more losses than gains in here. Study shows that 90% loss in crypto trading and only those 10% knows how to deal with it fairly.
Jump to: