Trading in percentage as a risk strategy. - page 2.

EarnOnVictor

hero member

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Merit: 592

Leading Crypto Sports Betting & Casino Platform

Quote from: Stepstowealth on January 13, 2024, 11:53:43 AM

-snip-
If there are other strategies, please share, I am willing to learn.

Before starting, let me say that you have not shared any strategy at all, I see no management of risk in what you shared, you are only perambulating on earning percentages which have nothing to do with risk management itself. Well, if you must know, when it comes to risk management in the market, you have to do it in ratios, there is no alternative. The trader will know the percentage of his risk to the percentage of the reward to be getting or traded, and this will be in the form of the risk-to-reward ratio. That is the principle of risk management and I do not think there are two of them. Maybe I should open a topic on this to educate people and elaborate on it. I might do it over time. This is an effective way for traders to cut their risk and leverage their trading proficiency, and even if the strategy of the trader is weak, such can still leverage on the risk management to be successful.

Patrol69

sr. member

Activity: 546

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The main objective of traders in trading is to make profit. By trading, some gain a limited amount of money, some gain a large amount of money, and many lose a lot of money. Trading profit or loss depends on the traders trading strategy and his patience and his capital. If a trader can trade with the right strategy then he is very successful in trading and if he has more capital then his profit will be more. The more capital and the more that capital can be used in the right strategy, the more likely it is to make a profit by trading. Patience plays a very important role in trading profit. A trader is trading and he sees a temporary loss but he doesn't sell his coins at that loss hoping for some profit but most decide to sell his coins when he sees some profit after a long period of loss. If you have the ability to be patient for some time without selling your coins at that time, the profit can be doubled or tripled.

bittraffic

hero member

Activity: 2870

Merit: 612

Just trust the chart since the rule of thumb always works, what goes up will also come down in any season. Just find the bottom in the hourly chart and if the chart hasn't gotten into this state yet then don't trade yet.

From what I have been reading in trading tutorials, if you want to make a profit every day, then trade in the hourly chart. Just make sure your trading fee is in BNB.

tsaroz

legendary

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There are various of fundamental and analytical signals that can increase your predictions to more than luck. And even when you are right for 80% of time, you should be able to manage risk for the rest 20%. It's where stop loss comes into action.

Theoretically, when you feel some coin has potential to rise in short term (trading mindset) due to it's fundamentals and analytical signals, you invest some money say at $100 a piece. You need to set price where you are willing to take a profit. Let, I'm willing to sell it at least 32% profit. So, I'd place a sell order at $132. But I also need to make sure I don't incur much loss, so I set a stop loss at a loss of 16%, i.e. at $84.
This way, even if I'm right on only 50% of my calculated guesses, I'd still be 8% in profit.

Stepstowealth

full member

Activity: 462

Merit: 145

A gamblers attitude to trading is when you are willing to blow your trading account claiming that that means taking the risks. A trader is willing to take risk, but ensures that his risks are always calculated to minimize the chances of losing to the smallest possible chance. How can you manage risk? I know some traders on this forum already have their strategy, but this is one strategy that you can use if you do not have one already.

As a trader, plan to grow your account in percentage. If at the end of a 30days trading period, you like to grow your account by either 30%, 50% or by 100%, trade in a way to make a daily profit that when summed up will be the percentage profit that you hope to achieve. If you know how much you intend to make daily, it will help you not to take long positions in the market while trading.

If there are other strategies, please share, I am willing to learn.

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