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Topic: you have to manage risk for trading. (Read 145 times)

legendary
Activity: 3276
Merit: 2442
September 18, 2023, 01:43:02 PM
#20
Life is all about managing risks. Trading, investing, having fun, studying, watching movies, drinking booze… Name any verb and I will explain it to you how there is a risk involved with it.

Drink too much, you risk your health. Drink less, have fun with much less risk.
Work too much, again you may lose your health. Work enough, make good money.
Invest only in one asset, you will lose everything if it goes down to zero.

Etc etc…

So when it comes to trading, you should definitely follow the same principle and manage your risks.

A wise man once said:

“Investing isn’t about avoiding risks, it is about managing them.”
legendary
Activity: 3752
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
September 18, 2023, 01:34:41 PM
#19
I am not entirely sure some newbie account here, with basically a shilling or spamming ad type of name, ended up figuring something out that would allow us to profit while trading, not by a large margin. It is a good way to make people wonder about it and check your website and get some clicks, which would turn into purchases after a few thousand because it looks like it is not that great, but at least it is an income.

But, this isn't the crowded place you are looking for, I suggest checking out twitter, you can find some people there, reply to very liked tweets of very big follower accounts, you could just reply there all the time anytime they tweet, and if you do not get blocked, you could get thousands of impressions there.
hero member
Activity: 1624
Merit: 791
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September 18, 2023, 12:55:54 PM
#18
Never create any indicators to manage risk in trading we already know what to do, this is my own principle there are other indicators but never use them.

What is your solution to this? The historical charts that you combine on your platform is what you mean? To be honest I do not really understand what you present on your platform, even other people say bad.

Yeah, so what conclusion did you make with that indicator? Some people already know how to overcome impulsivity.
hero member
Activity: 784
Merit: 672
Top Crypto Casino
September 18, 2023, 12:02:28 PM
#17
We should avoid impulsive buying and selling.

Well that's true because impulsive buying and selling could cause huge losses and the ones who do such kind of trading are the day traders. I don't really think that any other type of traders rely basically on impulsive trading because a patient trader would wait for the proper market scenario when he/she places his/her buy orders, and those traders mostly sell when they make some profits from the initial position where they have placed buy orders. Those traders basically aim for 0.5% to 2% per trade and sometimes they can get two to three such trades a day while at other times they may not get any trades in weeks.


I don't think that is meant in depth. I read the user's previous posts and found that he advertises the heartbitintro platform, and I believe that the isk management feature is one of its features, and they may be selling reliable trading signals.
In any case, what he is trying to explain is far from risk management or technical analysis, and the difference between them is great. Therefore, trying to have one platform that combines the two things is not a good thing, and your risk assessment strategy must take into account buying from more than one platform and speculating with more than one asset.

I strongly agree with you! The user is trying to promote heartbitintro platform and when I searched about that platform on Google I got no information about it. Seems like the platform is quite new and he's the creator of the platform and it isn't even listed on Google search engine. I also believe that he's trying to explain risk management and is someone relying on technical analysis based on historical charts. Let's see what the OP will say about his platform because to me it seems like a way of marketing and nothing else. However, if the platform is genuine then we'll learn more about it from OP.
legendary
Activity: 2702
Merit: 4002
September 18, 2023, 11:29:51 AM
#16
We should avoid impulsive buying and selling.
It took me some time to understand the real purpose of your post. Actually, you are saying that a person who wants to buy and sell some token must perform some type of analysis first, and he should avoid abrupt buying and selling. I don't think anyone here is doing excessive buying and selling. If a person is buying BTC just for holding purposes, then doing impulsive buying (DCA) might not be wrong to do.
I don't think that is meant in depth. I read the user's previous posts and found that he advertises the heartbitintro platform, and I believe that the isk management feature is one of its features, and they may be selling reliable trading signals.
In any case, what he is trying to explain is far from risk management or technical analysis, and the difference between them is great. Therefore, trying to have one platform that combines the two things is not a good thing, and your risk assessment strategy must take into account buying from more than one platform and speculating with more than one asset.
sr. member
Activity: 854
Merit: 364
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September 18, 2023, 11:21:16 AM
#15

To manage your buying and selling risks objectively, you should utilize objective indicators.

I've created a solution for this, where I look for similar historical charts.

Having something objective is crucial for us to make informed trading decisions.
This allows us to effectively manage risks and enhance our trading strategies.
You created this topic and mentioned that "I have created a solution for this" Like you have cured the cancer. I am not trying to be rude here but that's an absolute thing that before making trades on any token. Traders learn about that coin first, They perform many types of analysis on those tokens. For example, Technical analysis is the first thing that traders perform before investing in some coin.

I might take the meaning of objective indicators wrong here but I think you are referring to the technical analysis! I hope I am not wrong. But if you really are referring to that then that's already present and now something new that you have created and worth sharing here.

And the term objectives, is totally right, as without any objective in mind one can not know how much he wants to earn and how much his investment can make him money. That's a necessary thing that we all should follow without it we can lose our money so easily.
hero member
Activity: 1414
Merit: 670
September 18, 2023, 11:06:57 AM
#14
We should avoid impulsive buying and selling.
It took me some time to understand the real purpose of your post. Actually, you are saying that a person who wants to buy and sell some token must perform some type of analysis first, and he should avoid abrupt buying and selling. I don't think anyone here is doing excessive buying and selling. If a person is buying BTC just for holding purposes, then doing impulsive buying (DCA) might not be wrong to do.

But of course, a proper objective and plan are compulsory for a person to make a profit, otherwise, all he will get is nothing. The only thing that we all should do is do a fundamental analysis, because in that way, we cover most of the general news circulating in the market. Most of the time, those news stories make a person do dumb things, and the person loses money too. So, thinking before making a trade is obviously a necessary thing.
hero member
Activity: 1022
Merit: 600
September 18, 2023, 09:04:13 AM
#13
To manage your buying and selling risks objectively, you should utilize objective indicators.
Op, Risk management does not involve using any special indicator, it is a simple calculation that a trader does based on his/her trading account size. You can increase or decrease risks based on what is suitable to your account size, some traders don't want much exposure to the market, So they do as low as 1% or 2% of their account size and that is the category I fall into.
hero member
Activity: 826
Merit: 583
September 18, 2023, 08:28:50 AM
#12
We should avoid impulsive buying and selling.

Is the objective indicator you are referring to self-control?
I don't get the point you made in your thread.

As traders, of course, we are aware of the risks we face in trading. and minimizing these risks is the way of traders with experience and skill.
Your point regarding impulsiveness in determining buy or sell positions is related to the trader's experience. The more experienced a trader is, the better their control over the decisions they will take.
hero member
Activity: 630
Merit: 510
September 18, 2023, 08:22:13 AM
#11
Searching for similar historical charts will not help you in any way because trading volumes in the past were not the same as current trading volumes and because supply and demand indicators have changed significantly and change sharply every four years, but the basis of technical analysis is based on averages and Fibonacci in an attempt to find resistance and support points.

Risk management differs from trading, as some risk management strategies require staying away from trading.
full member
Activity: 938
Merit: 108
OrangeFren.com
September 18, 2023, 08:11:42 AM
#10
To manage your buying and selling risks objectively, you should utilize objective indicators.

I've created a solution for this, where I look for similar historical charts.

Having something objective is crucial for us to make informed trading decisions.
This allows us to effectively manage risks and enhance our trading strategies.

Can you specify what indicators you are talking about? There are many tools that can be used to conduct trading in crypto to identify where the price value of crypto or bitcoin is likely to go. Yes, it is true that it is necessary and important that we manage our trading practices correctly so that we can somehow minimize the risk.

Because you probably also know that there are many ways for traders to trade in crypto so that everyone can get a profit here. Because there are also many tools that can help each individual trader,
hero member
Activity: 1428
Merit: 513
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September 18, 2023, 05:25:38 AM
#9
To manage your buying and selling risks objectively, you should utilize objective indicators.

I've created a solution for this, where I look for similar historical charts.

Having something objective is crucial for us to make informed trading decisions.
This allows us to effectively manage risks and enhance our trading strategies.
Your title says another story while the post is about indicators, as I don't think risk management is based on indicators only. As many other important factors play a role in managing the risk factor, For example, doing DCA and keeping funds in reserves for emergency moments, etc. And that's an obvious thing to follow or do while we are in the trading field. I mean, if we do not make any technical analysis and blindly jump into the market, then we might not get the results we are expecting.

The objective indicators that you are talking about come from TA, and I also know TA is not enough for one to make successful trades. As fundamental analysis (FA) is also important to get familiar with the situation of the whole industry overall, So we can make better predictions and succeed in our trades.

The point is that making blind trades is not going to make anyone profit. Instead, those threads will be totally based on emotions and sentiments. And whenever a person hears the news from social media, he or she will quickly fall prey to all market sentiments like FOMO, FUD, etc. Therefore, you have pointed out a good topic, but I think you are unable to fulfill the meaning of it.
hero member
Activity: 2604
Merit: 816
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September 18, 2023, 04:42:57 AM
#8
We should avoid impulsive buying and selling.
Is that your solution @OP? If yes, that is not a solution but trading must be done carefully to avoid the risks. You must know how to analyze price movement trends to know when to enter and exit the market.

For this reason, you have to learn from many sources and train your skills. Try to study the indicators needed in trading to know where the market will move. And it requires experience and continuous practice and don't forget to train your emotions because you can also lose self-control in trading.

Don't chase big profits if market conditions are not good. And instead of chasing big profits, you can take existing profits and exit the market if your analysis says something will make the market reverse direction. That's so you can avoid the risks and use the moment for your benefit. There is a lot to learn in trading and a long journey to become a professional trader.
sr. member
Activity: 798
Merit: 377
September 18, 2023, 03:57:10 AM
#7
To manage your buying and selling risks objectively, you should utilize objective indicators.

I've created a solution for this, where I look for similar historical charts.

Having something objective is crucial for us to make informed trading decisions.
This allows us to effectively manage risks and enhance our trading strategies.

OP basically you need to watch the indicators for trading. Before trading, we must get ideas from various exchanges with prior preparation. and must have market experience to implement ideas. I think the right way to use indicators in trading is to take ideas from the exchange.
But I don't think it's easy to ensure risk acceptance in trading. Because no one can predict exactly where the market will go. OP you need to present exactly what you mean but this is appropriate in the current situation.
hero member
Activity: 3066
Merit: 629
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September 18, 2023, 03:25:37 AM
#6
To manage your buying and selling risks objectively, you should utilize objective indicators.

I've created a solution for this, where I look for similar historical charts.

Having something objective is crucial for us to make informed trading decisions.
This allows us to effectively manage risks and enhance our trading strategies.
What's the solution that you've made for this? How it is going? I have no idea what you're telling us but it is for sure that any of us want to manage risk in trading. But it's not as easy as what you think when you've been losing all day long and even you try hard to manage the risk when it's just not enough. So, it's better if you tell us what solution you've invented, and let's see if it's going to work for the majority. There's a likelihood that you may change some results from other traders and it's gonna be good in your feeling when you've seen people that have tried your strategy or solution and then it worked for them. But it seems that most details aren't included and hopefully that there's no catch or some twist when you're about to reveal it and you won't ask people to join a group where you're going to deploy or reveal that.
hero member
Activity: 1190
Merit: 901
Livecasino.io
September 18, 2023, 03:01:40 AM
#5
To manage your buying and selling risks objectively, you should utilize objective indicators.

I've created a solution for this, where I look for similar historical charts.

Having something objective is crucial for us to make informed trading decisions.
This allows us to effectively manage risks and enhance our trading strategies.
Op, it would have the good if had just gone ahead to tell us the type of so-called objective risk indicator that you mean. It would really help. I don't doubt that you have a created a solution but as traders over the years one thing we know is that the most effective indicator to managing risk lies with the trader.
legendary
Activity: 2156
Merit: 1622
Top-tier crypto casino and sportsbook
September 18, 2023, 02:16:51 AM
#4
To manage your buying and selling risks objectively, you should utilize objective indicators.

I've created a solution for this, where I look for similar historical charts.

Having something objective is crucial for us to make informed trading decisions.
This allows us to effectively manage risks and enhance our trading strategies.

This thread doesn't convey any value. It is a waste of time for everyone who came here. Saying that you need to have "some indicator" to open/close a position is not useful information. It's like saying that in order to live, you have to remember to breathe.

looking for similar-looking charts in the past is probably the worst possible "indicator"
newbie
Activity: 10
Merit: 0
September 18, 2023, 01:51:13 AM
#3
We should avoid impulsive buying and selling.
legendary
Activity: 1652
Merit: 1208
Gamble responsibly
September 18, 2023, 01:47:35 AM
#2
To manage your buying and selling risks objectively, you should utilize objective indicators.
What kind of indicator is that?

I've created a solution for this, where I look for similar historical charts.
No indicator is needed to manage risks in trading, everything needed can be done manually by a trader.

For instance:
You have $10000 in savings. Managing risk begins with to use the amount of money you can afford to lose to trade.

Let us assume that you can afford to lose 5%

That is $500 out if $10000 that you have.

Does that require indicator? No. But people are lazy this days to use bots for something simple like that.

The second thing that you need are on trading sites that you want to use. I have seen it in all the trading site that I have used before. If you do not see it, you will see it in the settings. A way that you will be able to see the take profit and stop loss before you will be able to open a position. You can also see trading calculator on exchanges that can be used to calculate before opening any position.
newbie
Activity: 10
Merit: 0
September 18, 2023, 01:38:42 AM
#1
To manage your buying and selling risks objectively, you should utilize objective indicators.

I've created a solution for this, where I look for similar historical charts.

Having something objective is crucial for us to make informed trading decisions.
This allows us to effectively manage risks and enhance our trading strategies.
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