Topic: How do you manage your risks? - page 7. (Read 25683 times)
Always following the latest news and developments is the best thing to manage the risks, we never know whether the coins we have become a scam someday because no one can guarantee.
Hedge a diversified portfolio of the top performing crypto-assets and never invest more than I can afford to lose (obviously).
what I do to minimize risk is by using my capital for several assets, so when one of the assets goes down, there is another asset that can cover the loss.
This strategy is called '' diversification '' which get from years of experience. This is the easiest and smartest action to reduce the risk. Diversification should be divided not only within the crypto, but between all valuable assets. The bigger the possible profit, the higher the risks are. I am only putting small funds into any coin and if they get dumped or lost, I won't be disappointed. If they are giving profit, I am pretty happy about it, but you should always manage your risks.
It is not the way I think this shows you are not sure about future of your coin, it is very important to have faith and trust otherwise there are scammers and some are hackers who will distract you, better hold for long and invest as much as you can, don’t think about lose and disappointment, be positive and invest as much as you can.
Reducing the risk by making research when investing into coins.
Having profit targets and taking the profit when reached.
Using stop loss strategy when trading is also important for risk management.
Having profit targets and taking the profit when reached.
Using stop loss strategy when trading is also important for risk management.
Risk management in the crypto space has to do with how familiar you are with the crypto market and trading are to you. You need to first understand whatever you are doing and also have a plan and a target. For me before i sell or buy a particular coin, I set specific price i will like to sell or buy the crypto. After I spend my time monitoring the trading trends of that coin. If my target is not met, I change the plan to meet the target.
what I do to minimize risk is by using my capital for several assets, so when one of the assets goes down, there is another asset that can cover the loss.
I trade short term, mid term and long term depending on the factors on ground. I go short term when the factors causing an uptrend will be short lived, for instance : listing on exchange news, big partnership etc. I mange risk by taking little to moderate profit and by setting stop loss, greed is risky in short term trading.
I do short-term trading a lot, at least in this few months. How to manage the risk? Well never do all-in on a single coin, always spread into multiple coins / tokens. And also always leave atleast 25% of your fiat so you can buying back a coin/token when in the bottom, in case the price of those coin are down to drain.
Strategy:
Wait for the total panic on the market.
Buy bitcoin and several main altcoins. Maybe some less famous alts if I feel they can grow fast soon.
Wait for the market to begin growing.
Sell those coins that has grown already and move the earned cash to some other coins that haven't grown still.
Wait for the total panic on the market.
Buy bitcoin and several main altcoins. Maybe some less famous alts if I feel they can grow fast soon.
Wait for the market to begin growing.
Sell those coins that has grown already and move the earned cash to some other coins that haven't grown still.
The risk must always be justified, if you take the risk then be prepared to win as well as lose. Do not regret mistakes, the higher the rates the higher the profits.
Profit is a risk that results from the decisions we make. The determining factor for decision making both selling and buying is the result of analyzing the crypto price movement data that we do and of course the decision has its own risk whether it is profit or loss. Therefore, we must be prepared with all the risks of the decisions we make and try to make those decisions give us an advantage. Short-term investments are indeed more tempting than long-term investments, but the risk is that they are comparable to the risks we will experience.
The best way in such risky markets is not to put all the eggs in a basket. You can invest separately in at least 3 different types of crpto money, or you can keep some of your investments in traditional markets. By this way, you can distribute the risk and increase your chances of making more profits with less risk.
I think that cryptocurrency can bring huge profits. Therefore, I invest part of my funds for the long term. I reduce the risks by dividing my funds into several coins and tokens.
Risk it risk, when it comes to crypto and it's situation, then be ready to hold your heart to taking risk. Gain or loss.. All about life is risk, let alone the crypto world
I want to know how you relate the risks to profits?
What is the determining factor for you to sell or buy coins?
How many of you are trading short-term?
Of course in the bear market , I try not to buy altcoins for all the money , I trade 5% of the Deposit the rest of the money is still Fiat, due to the fact that there may be another drawdown and do not want to lose money at the same time! What is the determining factor for you to sell or buy coins?
How many of you are trading short-term?
Given that investment in cryptocurrency has a fairly high level of risk, the easiest and most reliable strategy is to manage available funds. That is, I allocate only the amount of funds for cryptocurrency, which I can easily lose. Unfortunately, these are the current realities of the crypto market, any of your investments may end in losses.
Since I discovered some fellow will be hyping some coins so as to lure others to bag whereas they are trying to unbag theirs (pumping and dumping on someone), I do calculated risks now and avoid following the crowd to invest on altcoins. When I make profit I thank God and when I don't, I blame nobody.
First of all i am very carefull with my security. I always using google autenticator plus SMS messaging in every platform and exchanges. I had some bad experience about it so today i am holding it tight. Also on trading i would never invest my all asset to a just one coin. I usually buy and trade 4 or 5 altcoins and try to spread my risk. I would recommend you to do the same.
One of the factors some potential investors or some newbies are still battling with and which has caused some drawbacks is the risk involved in cryptocurrency.
To manage such factor, first you must be able to identify a good project, by ensuring that it has a particular and important problem to solve. Then be sure that the team us ready to deliver
To manage such factor, first you must be able to identify a good project, by ensuring that it has a particular and important problem to solve. Then be sure that the team us ready to deliver
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