Monitoring your activities is always a good one, and you should always know when to stop even if you still have the capital left. Thanks for sharing this tools to easily monitor your wins and losses, this can be a big help if you do this correctly. Though, you can’t fully depend on this better to setup everything before you start trading or even in gambling, and commit to that so you can avoid further losses.
Even with all this there is needed a lot of strong mind to stick to it. Just sticking to it can separate you from loser or winner. 
Topic: Proper risk management? - page 2. (Read 467 times)
There are traders and most likely the newbies, they won't read those disclaimers that are written on the tools like winrate.
Most people, on seeing the win rate, will go all out and blindly plunge into its use. I don't rely on automated programmes or scripts for trading. I like to do whatever trading I'm doing manually. Traders should also realize that loss is a part of winning. You can't claim you're a profitable trader without showing times you lost. It's never possible. It's the same thing that happens in the military when they say, "There's no Major without a mark."I don't know how long OP has been trading but I will tell them never to be carried away with whatever little success they're enjoying now.
Monitoring your activities is always a good one, and you should always know when to stop even if you still have the capital left. Thanks for sharing this tools to easily monitor your wins and losses, this can be a big help if you do this correctly. Though, you can’t fully depend on this better to setup everything before you start trading or even in gambling, and commit to that so you can avoid further losses.
Because being a successful trader is not easy, there are many things we must do and one of them is how to manage risk well. To do that is not easy...
Risk management, even in case of unsuccessful trading, will help to keep your deposit for a long time. But the profit in this case will be small in relation to the deposit. It is for this reason that many newcomers do not follow the risks, hoping to quickly increase their deposit. And accordingly, they quickly lose their deposit.
Good to share that tool and we can definitely use it but we can't completely rely on it as market needs immediate reactions and what we think at that time will determine our profit/loss at the end.When the market start dumping due to some immediate effect we need to console ourselves and put together our mind and emotions to decide what to do.But yes using as many tools to enhance the trading strategies is good and mixtures of them can give better results.
Its a free tool actually and it's called winrate.io
This tool can estimate our earnings and losses from trading by simulating trades based on winrate, fees, leverage etc.
This is a big help especially if your trading with leverage
Infact you can run your own strategy as well to see it if it's good or not.
This tool can estimate our earnings and losses from trading by simulating trades based on winrate, fees, leverage etc.
This is a big help especially if your trading with leverage
Infact you can run your own strategy as well to see it if it's good or not.
What an awesome application you have shared. Newbies will definitely like the idea of using that tool.
It's a good simulator to somehow understand the result of our future actions.
In that way, we can form a strategy on how properly manage our risk.
Thanks for sharing it here.
I hope this is as good as it says and can help traders to manage assets well. Managing assets is not that easy, we have to be able to control our emotions so as not to be affected by this unpredictable crypto market and it is hoped that this will help traders to be able to manage in order to earn profits and avoid losses. Actually, we also have to keep using the strategies we have, it's just that this feature is expected to help us to be better at trading. but if you feel that your skills and experience are enough to trade then it's up to you to use this feature or not.
Because being a successful trader is not easy, there are many things we must do and one of them is how to manage risk well. To do that is not easy,
apart from having knowledge, we must also have experience. So if there is a tool or feature that can help manage risk appropriately, why don't we try
to use it. So we can minimize the occurrence of losses, indeed for some people there are those who have good trading skills, so without the help of
tools or features they are able to make a profit, then it becomes their right not to use any help. Because in the end everyone has their own way of
making a profit, just do what we think is good. We don't need to follow what other people do, because sometimes other people's decisions are
not necessarily good for us.
I hope this is as good as it says and can help traders to manage assets well. Managing assets is not that easy, we have to be able to control our emotions so as not to be affected by this unpredictable crypto market and it is hoped that this will help traders to be able to manage in order to earn profits and avoid losses. Actually, we also have to keep using the strategies we have, it's just that this feature is expected to help us to be better at trading. but if you feel that your skills and experience are enough to trade then it's up to you to use this feature or not.
Getting an expert especially a paid one isn't the best choice to have but you can always do your own research until you are educated enough to do the trading.
Getting a paid person to teach you trading will not help or it has not helped many traders. From the testimonials of traders, they have mostly learnt from close friends and afterwards doing personal research and struggle through it. A paid teacher is far from you and they won't give you secret that they have learnt overtime, it is better to learn from someone close and teach yourself, make your mistakes with little amount and be better.Getting an expert especially a paid one isn't the best choice to have but you can always do your own research until you are educated enough to do the trading.
Getting a paid person to teach you trading will not help or it has not helped many traders. From the testimonials of traders, they have mostly learnt from close friends and afterwards doing personal research and struggle through it. A paid teacher is far from you and they won't give you secret that they have learnt overtime, it is better to learn from someone close and teach yourself, make your mistakes with little amount and be better.
Most beginners forget the importance of risk management. They just hop in the market and making losses. They let their emotions lead, without knowing that they already have lose everything (money).Trading as a beginner without proper skills and guide can be very risky.Thats why it is important to make an adequate research. Get an expert and seek some advice before trading.Take your time and success will come. Happy trading 
Most newbies are too excited to test both of their two feets on the water in trading, they don't know the risks as well as managing it. Without proper knowledge they will surely sank and it's a devastating especially if you're new and all your balance was burned.Getting an expert especially a paid one isn't the best choice to have but you can always do your own research until you are educated enough to do the trading.
I am not sure what is the principle behind the strategy but the numbers are good. If this ratio is maintained for every trading cycle then I am pretty sure we can earn optimum amount of profits but then again it depends on our intellect. I mean our actions are always matters in the trading whether we take help of trading bot, algos and whatever automated process it is. The manipulation is very high risk step in the trading. I don’t really believe in the automated trading. I’m like, plotting the graphs, theories and projected movements. But surely for those who want to have quick but risky bets then this is the best option.
One of the first thing you'll learn when learning to trade profitably is risk management. This is one of the fundamental key for anyone starting out with trading. Must know and must respect.
Most beginners forget the importance of risk management. They just hop in the market and making losses. They let their emotions lead, without knowing that they already have lose everything (money).Trading as a beginner without proper skills and guide can be very risky.Thats why it is important to make an adequate research. Get an expert and seek some advice before trading.Take your time and success will come. Happy trading
Most beginners forget the importance of risk management. They just hop in the market and making losses. They let their emotions lead, without knowing that they already have lose everything (money).Trading as a beginner without proper skills and guide can be very risky.Thats why it is important to make an adequate research. Get an expert and seek some advice before trading.Take your time and success will come. Happy trading
Always make a proper plan and trade management to yourself and analyze your mistakes and learnings to see if you are still making a progress or already doing badly with your trade. If you think you have already lost always back on the plan and set the drop loss and take profit we don't aim for the highest-earning we aim for the win rate or successful trade profit is profit no matter what happen.
Thats true.Trading well is all that matters. You stayed within your rules. Think about what you want,not about what you dont want.Risk management enables you to implement a set of rules
and measure to ensure any negative impact on your trades.An effective strategy require proper planning,including risk management.Thats why it is advisable for beginners/young investors to seek proper guidance from an expert before trading in order for them to avoid losses when trading.
I also believe that using risk: reward ratio is good here before entering any trades position, with that, you will identify your target price, stop loss, and there you can see your risk: reward ratio.
Yes risk reward ratio is good for trade. That is part of risk management. Risk reward help us to know how much we are risking in a trade and how much we have plus what we are profiting and like you have rightly mentioned , stop loss is important to every trade we enter. To have a good risk management, we have to always remember to trade using stop loss.
As long as the tool can help us to make good risk management, it will be helpful. But we must also note that we may not only depend on the tool. This only helps us. As long as we know exactly how to use the tool and also how to utilize the maximum benefits, it is good enough.
There are also some other factors to determine, moreover in managing the risks, because sometimes, the market situation may also change unpredictably. Therefore, the management of risk may be also changed along the way. The way we make any decision may be also influenced by our current emotions and codnition. This sometimes felt very hard to amange.
There are also some other factors to determine, moreover in managing the risks, because sometimes, the market situation may also change unpredictably. Therefore, the management of risk may be also changed along the way. The way we make any decision may be also influenced by our current emotions and codnition. This sometimes felt very hard to amange.
Is this a trading bot if I may ask you please. Am yet to visit the link to the site you provided above. From what I believe trading Bot is another way of enriching the owners because they make more money from subscription more than if they were to trade with the acclaimed BOT. I have tried one before and I discovered that it is just a waisting of time and money.
I have heard some horrible experience with trading bots. First it was my friend, later it became me in a different way but still with bots. At some time it will work fine, but at a different time it will cause a financial disaster. From OP statement it is not a bot, but if it's a bot, maybe I can say good luck to the people involved. Proper risk management can be done without a bot.
Is this a trading bot if I may ask you please. Am yet to visit the link to the site you provided above. From what I believe trading Bot is another way of enriching the owners because they make more money from subscription more than if they were to trade with the acclaimed BOT. I have tried one before and I discovered that it is just a waisting of time and money.
The best strategy to handle your risk is to never go all in at anything at all. It is really risky to do it and unfortunately there are too many people who end up investing into something that is a lot of risks involved and I do not know why they are doing it.
When nothing is reassuring and there is no telling of what is or could be said to be on point for any trade or analysis, its difficult not to go all in and that is make it any wrong. Some users might view going all in to be limited to putting out all your funds in a particular trade but, that isnt what it is limited to. Scattering your portfolio on other commodities as well while trading (I mean: taking trades on varying commodities) could also be seen as going all in. Should they all go down, you go down with it and it's a possibility.So, in taking trades, you've you've yo give yourself time for your running trades to be done or oevr and then, you could ho again for the same commodity or a different one.
You think you need a tool for it? Something as simple as a spreadsheet on excel can help you calculate this, but the problem is execution and Risk to Reward ratios, if you keep a Risk-Reward of more than 1:1, the probability of making 60% profitable trades go way down than you expect, chances are you won't be able to get even 40% profitable trades, but the key is to play with momentum and get at least more than 50% profitable trades. But the problem which people suffer is that they let their bad trades flow and stop their profitable trades much before it hits the target which they had planned.
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