Topic: What can we do to minimise the risk in trading - page 2. (Read 758 times)
I will advise that you should have a trading plan that you must stick to it at all time. Trading plan should include what amount of profit do you want to make at a particular time and day and the amount of money you want to let go in other for you to achieve your trading goals.
Use stop losses to avoid losing of a huge amount of money. Don't pass your funds to anyone who is kind of an expert in trading and is ready to trade for you for some percentage.
Don't get into leverage if you don't know what you are doing. If you have been trading for accumulating BTC or USDT for a while and have learned it since then just stick to that and don't try the CFDs. Also do the trading in the right exchange and submit the right documents needed otherwise your funds will be frozen.
It was just to minimize it at a safe level by having deep knowledge in trading. That is the only thing we need to acquire. Having a lot of trading tools to use is somewhat a part of being knowledgeable about it. Anything about trading still at risk, everything still a subject for losing and winning ends. But if we truly know what we are doing and have confidence in it, the risk could be ignored. Usually, we are giving a big weight for the risk that is why we are so bothered about what we do.
Basically what I do to minimize risk during trading is me seeing a very clear signal before I leap into the market. This can be associated to my ways of earning funds which I use for trading. As a trader I am, I don't take any form of risk which can potentially harm my trade, my technical analysis are carefully carried out before trade placement.
I think we can narrow this down if we can control greed and exploit the benefits. however, when you get a profit, you can immediately sell your assets. it is the best way to avoid the risk of trading. the smaller the profit we take, the less risk we face.
Adding to always use a stop loss at least when going out or sleeping and trading in exchanges is really good for safety and comfort.
To avoid of danger you must be careful with the people around you maybe it's difficult to find a perfect method to determine the fact on how to minimise the risk in trading ,in general you should nèed to be active on everything to prevent of wasting and it's better to read before investing.
My experience to minimize the risk in trading is only using the money that I can afford because if I lose the value of the coin that I buy, I don't lose all of the money I have. I can hold it or cut loss that coin so I can buy back again at a low price. I don't go all-in of the money to buy the coin, even if the coin is potential to increase in the next hours. But every people will have their own method on how to minimize the risk in trading, and maybe we have a different way to do that.
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3. Don't invest in dump coins
What exactly do you mean by "dump coins"? Are you talking about shit coins? 3. Don't invest in dump coins
If so, how do you define them? I think this is subjective that's why I'm asking.
Others might also think that you are referring to coins that has been recently dumped hard. I'm not sure we should be telling new traders to stay away from them not knowing the reason it was dumped.
I think he just want to warn us not to use those shitcoins or dump coins that is not that effective enough to become an alternative coin to bitcoin. It doesn't mean that when we say shitcoin, it is the altcoin, no. shitcoins are coins that have no improvement in price and really hard to manipulate in the market as its volatility is very slow as well as the growth in price. That's the reason why instead of investing in a bitcoin, there are people who waste their time and opportunity holding a dump coins. Most people I know who used a dump coins are really regretting the time that they should invest their money in bitcoin that is more essential than other coins. It is too obvious that you should not prioritize other coins as it is just an altcoin alternative for the bitcoin.
Trading is indeed the best way to make a profit in the crypto world. But trading does have a huge risk, so we must minimize the risks in trading.
So that opportunities to generate profits are wide open. To minimize the risk of trading there are some things we must do. Among others, use
capital that we can afford to lose, choose coins with large volumes, must be able to control emotions, do a market analysis before starting trading,
and do not depend on one coin. If that is all done well, then the risk of trading can be minimize. If trading risks can be minimize, we will make
a profit in trading will be easy to get.
So that opportunities to generate profits are wide open. To minimize the risk of trading there are some things we must do. Among others, use
capital that we can afford to lose, choose coins with large volumes, must be able to control emotions, do a market analysis before starting trading,
and do not depend on one coin. If that is all done well, then the risk of trading can be minimize. If trading risks can be minimize, we will make
a profit in trading will be easy to get.
The best way to minimize the risks is to help you analyze your mistakes. Always write down the thoughts with which you opened a deal, and then write down what exactly led to such a result,
which risks worked and which didn’t, which ones you took into account and which ones you missed. Later you will get the hang of feeling the risks and minimize them.
This will help the traders to write down the details in making orders to help them analyze their market loss and profit. Always anaylze and make different signals and indications to help you point out the exact deal you will make. It's better that your technical analysis are supported with fundamental analysis, it will get you the high probability of winning and less risk in trading. which risks worked and which didn’t, which ones you took into account and which ones you missed. Later you will get the hang of feeling the risks and minimize them.
One of the simplest ways to scale back business risk is to try to to good marketing research Market conditions will need to be traded the assistance of others in doing business requires the utilization of one's own talent and knowledge but success is feasible. we will learn something new from the mistakes we make when it involves trading Check the costs of the currencies within the market then trade.
The best way to minimize the risks is to help you analyze your mistakes. Always write down the thoughts with which you opened a deal, and then write down what exactly led to such a result,
which risks worked and which didn’t, which ones you took into account and which ones you missed. Later you will get the hang of feeling the risks and minimize them.
Mistakes are very often in trading but you will learn to minimize this as you go on with your trading experience. I think the best thing in trading is discipline and have a full knowledge in trading so that if ever the price crashes in the middle of your trading, you know what you supposed to do. Trading is also about knowing when is the best time to enter and exit in trading. which risks worked and which didn’t, which ones you took into account and which ones you missed. Later you will get the hang of feeling the risks and minimize them.
Due to high risks in trading, I never go for trading my bitcoins. I earn and buy bitcoins for long term holding. So, I guess I never need to bother about minimizing the risks; already I am into a way where no risks is associated. Bitcoin is having a very bright future so I guess holding bitcoins will assure the financial freedom in near future, this way I guess again I never need to worry about financial crisis in my life time.
I suggest anyone who is bothering about risks in trading, by simply buying and holding bitcoins, we can remove any level of risks without compromising the expected profit levels.
I suggest anyone who is bothering about risks in trading, by simply buying and holding bitcoins, we can remove any level of risks without compromising the expected profit levels.
Exactly right, I had a friend who got caught up in a SYS pump once for example and dude basically spent all of his money (not the money he put aside, literally ALL his money) to buy SYS and it was such a huge hype and the price was going so high that exchanges literally had to intervene and closed deposits and withdrawals for a while for SYS even though the trading was open, dude just stood there with all of his SYS without being able to deposit it and just watched everything that happened and lost 20% of his money that day, inside one day. Why? Because he thought he was clever enough to get into a coin that was going up in value, well if you are clever enough you find a coin before it goes up, not during, because if you get in during you might be too late to the party.
Point number two is not very good if you only follow the trends that occur in this market, because indirectly external trends will also more or less affect the price movements in this market and thus, in trading we should know any trends that occur at that time so we can minimize the risk of error in trading.
1. Greed while trading
2. Keep the emotions away from trading
These two are always the factor why people always end up losing huge amounts of money in trading. Sometimes our greediness strives us to do something that later on we will regret doing it. Not all of us can handle our emotions especially if we're already suffering from big losses, and when it comes to my trading activities I always set aside my emotions because I know it can be a hindrance to my trade or investment decisions. Based on my experience in trading, we should not stop learning something new and keep on learning until you totally manage to minimize the risk of doing trading and just stick with the coins that bring you good profit and never ever invest in shit coins or projects.2. Keep the emotions away from trading
We all know that trading is one of the most profitable way to make more earnings immediately but before to make more earnings in trading it does need to have a lot of ideas and skills in trading. Many people making a lot of attempts to trades because they think once the market price of the coin falls down it is good to buy and vise versa but the truth it is not true the market price of the coin is still volatile we cannot make sure all the things we are doing at the price. If you want to be more successful in trading just give enough time to your self to make more knowledge don't get tired to learn more because this is the key to success if you think you are skilled enough you can now make it make earnings but there are a lot of people doing some greed because they want to make more and most of them all of their earnings now used for trade and wages all of their funds into a high raise bet but still it depends on the risk you want. Also, there are a lot of traders got easily depressed and not mentally stable because of the emotions they give in to the world of trade it is full of risk we cannot make sure all the things is alright you just need to keep the focus on your trade to avoid getting doubts and mistakes.
- Execute stop loss in every trade is very significant
- Do not be over onfident in trading
- Do not always follow the hype ( sometimes it may be a trap for liquidity)
We all experienced different trading risks but these reminders were useless if we dont take and manage self control.
Minimizing risks in trading is easier when we keep gaining experience. I guess professional traders are too good in minimizing risks in their trades but I am sure no one could eliminate the risks 100% but booking profits before those risks ruin our trading, will help anyone.
1. Greed while trading
2. Keep the emotions away from trading
These two are always the factor why people always end up losing huge amounts of money in trading. Sometimes our greediness strives us to do something that later on we will regret doing it. Not all of us can handle our emotions especially if we're already suffering from big losses, and when it comes to my trading activities I always set aside my emotions because I know it can be a hindrance to my trade or investment decisions. Based on my experience in trading, we should not stop learning something new and keep on learning until you totally manage to minimize the risk of doing trading and just stick with the coins that bring you good profit and never ever invest in shit coins or projects. 2. Keep the emotions away from trading
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