Topic: Proper risk management? - page 4. (Read 533 times)
From what is displayed on OP, it seems nice and works but, that's only because OP is already good at trading. Of course it would go quite well with the simulation trading as it could help build a strategy but, how is this really calculated I wonder? How are the values attained because, the know how is also important and it gives users some level of confidence about the figures that comes popping up on the display screen.
It's a good tool but actual trading results really are varying from your situation on that particular time of trades. Your emotion can change which will be a matter of change for your decisions which also leads to a different result. These tools are helpful if you're consistent but even if you are, there's always an unexpected time that you're going to be inconsistent due to several factors that you haven't seen and noticed to come.
There's a disclaimer on the winrate's site about the possibility of getting different results when you trade live. So yes, the actual set-up may change as you also have other considerations that you need to include. Also, it will depend on the trading pair that you are going to use. And the variation can deviate during the actual trading. But maybe, for reference purposes this would do.
It's a good tool but actual trading results really are varying from your situation on that particular time of trades. Your emotion can change which will be a matter of change for your decisions which also leads to a different result. These tools are helpful if you're consistent but even if you are, there's always an unexpected time that you're going to be inconsistent due to several factors that you haven't seen and noticed to come.
this is a very good result and I hope it stays that way, but on my journey I have been trading with longer periods of time, trading for 5 or 15 minutes does not help at all, on the contrary, it brings losses, in this cryptocurrency market just to make a profit and I need people to be patient and a little greedy. for example if the person is day trading bitcoin on a 5 or 15 minute chart and another person is trading a 4h chart or more or even daily, the person who is trading 4H on the same daily will have more profit as well At least that's what I've observed
Well this is it guys because today i would like to share this tool that can help us to have a proper risk management when it comes trading..
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.
You can do back-test on Trading View as well if you can code script and have proper skills in trading. You can not code a good script which helps you to eliminate your emotion and get profit if you don't know which indicators to add into your bot, script.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.
Script, bot only is helpful because it works 24/7 and does not have emotion like human. No fear, no greed, it works based on indicators you set it up. You can not apply trading method in a successful bot and get same win rate. Because when you do it manually, you will be affected by emotion, fear, greed which in turn reduces your win rate generally.
Thay can be helpful in trading, but emotion is very important aspect to face while trading. Risk management in this case can be helpful for people that are trading several coins at a time, this is common in forex trading. Since I have been trading cryptocurrencies, I noticed their price move in the same direction, I prefer to choose just one coin and which is bitcoin.
What I am trying to say is that risk management is beyond using app or any software that will calculate the percentage wining and losses, it is also about mindsets and emotions about opening and closing a trade at the appropriate time.
What I am trying to say is that risk management is beyond using app or any software that will calculate the percentage wining and losses, it is also about mindsets and emotions about opening and closing a trade at the appropriate time.
Well this is it guys because today i would like to share this tool that can help us to have a proper risk management when it comes trading..
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.
See the image below..
60 wins 40 losess you still have an amazing winrate as long as you have a proper risk management..
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.
See the image below..
60 wins 40 losess you still have an amazing winrate as long as you have a proper risk management..
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