Here are my risk management rules:
1. At each trade I trade 2% maximum of my entire account.
2. Always trade with a stop loss. My stop loss in based on the actual value of the ATR indicator. I don't use support or resistance lines to define my stop loss.
3. Take profit as soon as my initial goal is hit (take like 50 percent of my position) and leave the rest to go wherever it goes.
That's it. Very simple and always set in stone. No room for improvisation.
Topic: How do you define Risk Management with trading cryptocurrency? - page 2. (Read 183 times)
February 11, 2019, 12:21:08 PM
February 11, 2019, 12:07:21 PM
There are many risk management techniques that can be applicable when trading,but in my opinion,the most effective and easiest to implement is investing with a little amount of money,as a beginner in trading,always invest with your spare/little money you know you really can afford to lose,as trading is unpredictable and anything is possible
February 11, 2019, 12:04:10 PM
I hear this term over and over again, "Risk Management" and how important it is for keeping our ducks in a row. For us newbies that are trading a few coins here and there, what are some ways to really beef up our risk management?
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