I hear this term over and over again, "Risk Management" and how important it is for keeping our ducks in a row.  For us newbies that are trading a few coins here and there, what are some ways to really beef up our risk management?

I am a newbie of trading so i don't have proper knowledge about trading. But honestly i want to be a trader. But first time which trading is best for me daily or long term?
Thanks in advance.     

I have set the weekly target of 2% profit on the capital amount which is quite easy knowing that BTC swings about 2% on a daily basis and hence it would be an easy target to achieve.

I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?

When I started trading, I had no idea on charts and market sentiments but I decided to also benefit from the Pro traders as they move the market.

First of all, note that the market has mainly three sides, bull/green (short or long term), sideways, and bear/red (short or long term).

If you're an inexperienced trader like me, don't look at the sideways and red markets. Always wait for a green market (and it happens at least once every month). During that time, set a little target (say 10%-20%) you can even make more if you follow a good coin. Enter the market and take your profits.

Wait for the next round (probably a month a later)- you can keep your money in a stable coin, and by the end of a year you could make (10-20%)x 12 on your money.

Don't try trading everyday if you're not a PRO, they'll squeeze your money from your hands lol...and also never try catching tops and bottoms of you're not a PRO, they'll squeeze it once again. (remember you may be dealing with bots).

Merry Christmas (if you celebrate) and a Happy New Year to y'all.


Edited: This isn't to say that don't study the market. In fact you'll need to build your knowledge to survive in crypto, especially in these times, but this is a message to newbies who're trying out the market (fact is that, you can study the market as long as you want but if you joke all your money will be drained). Have you ever asked yourself why people in paid groups make the most money from trading, you just can't learn TA and FA lol.... There are PROs and they're moving the market so my trick is to help you also benefit as they move the markets. So that you don't try competing with them coz they can make you REKT, trust me.

How do I find a mentor that has lots of experience doing this stuff?

Online and also in person.

Somebody who knows what they are doing for a long time now.

Bitcoin, ethereum and some other cryptocurrencies  will hit all-time-high again. But up till now, there's no clear technical or fundamental indications that this will even in the next two years.

Technicely, the second half of 2019 would even be more boring than that of 2018. Markets will be slow, volatility will be slim... traders wouldn't make much at that period.

Which brings me to the topic - why 60% OF CURRENT CRYPTO HOLDERS MIGHT NOT CATCH THE NEXT BULL RUN

The answer to this question Is straight forward:
over 60% of cryptpholders are newbies...because market will be flat in it's low for over 11 months... this period of flat market movements is enough to burn those 60% out... particularly those who went all-in

WHAT CAN BE DONE TO AVOID THIS?

Well, the only thing that can be done to avoid this, is to prepare for a long boring market. Investing what you know you wouldn't need to touch for years. Have something that would sustain you, such that you don't go broke, hence having to tap into your crypto-portfolio.

Simply find a small job to do, while the market flattens out. Hold your portfolio at the bottom, and the markets will thank you at the top😎

Hack and Hacks, every day I am waking up to the news of crypto exchanges getting hacked, recently a crypto exchanges founder died and he seem to have a hold of $190 million worth of BitCoins with him.
I have taken a pledge of never using a custodial exchanges, even if it is Binance, and not matter how much CZ says that he will keep the cryptos SAFU, I am not doing the mistake of keeping my money at stake.

I did a detailed study of what exchanges to use and what wallets to use -
 

• Exchanges - Instant exchanges only, Changelly, ChangeNow, CoinSwitch etc.
• Wallets - Divided into two parts - Ledger NANO S for long term investment, and keeping the funds safe, MultiCurrency wallet for trading, ex - Gaurda Wallet, Exodus Wallet

Let me know what you guys think.

From 3 months to another 2 years. It probably won't take more than 2 years. With every new cycle, the time we spend in a bear market goes higher.

The last time we had it, it took around 400 days and we passed that number.

One of the reasons that's happening is because with every new cycle, people look at the old cycle and make their plans according to that old one.

For example;

We are now looking at the 2015's bear market and think, "the bear market should end nowadays." Why? Because it did after 400 days last time. That's why it is going take a lot more than 400 days.

To end the bear market, we need to lose all the hope for crypto's recovery. People still have hopes. They should lose it first.

even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason
1) practice and experience
2) with fear of losing or missing profits we just f*** our trades
3) patients
4) or what other reasons could be??? please comment   

thanks to let us know