The magic of Money management

[orarider]

Every experienced trader will say the money management in trading is the important thing to keep your account alive and for my experience in trading I lose many accounts die first to bad money management and second for greed and getting more and more money, after all this bad experiences and when I keep money management in my eyes now I get my money adjusted with my capital and I required for every trader to give the most important attention for money management.

The rules for money management for me:
1. Make goals that could actually be achieved with your skill level
2. Always trade with a stop loss
3. Never over trade your account
4. Trust your indicators
5. Always protect profits
6. Trade with investment capital, not grocery money

and for you what is your experience with money management ?

I think it is a list of really good rules that you can follow. However, not easy to implement it, these rules require us to have discipline and high self-awareness. We need to be serious about ourselves if we want to achieve our goal.

Yes, and discipline is essential for every individual or business to succeed, so I think this list is enough for all of us to be able to manage ourselves and money.

[TravelMug]

Every experienced trader will say the money management in trading is the important thing to keep your account alive and for my experience in trading I lose many accounts die first to bad money management and second for greed and getting more and more money, after all this bad experiences and when I keep money management in my eyes now I get my money adjusted with my capital and I required for every trader to give the most important attention for money management.

The rules for money management for me:
1. Make goals that could actually be achieved with your skill level
2. Always trade with a stop loss
3. Never over trade your account
4. Trust your indicators
5. Always protect profits
6. Trade with investment capital, not grocery money

and for you what is your experience with money management ?

Nice money management tips. In addition, established your entry and exit points. And of course our emotions. Used our brain not our heart in making the decision to sell or just hold. Most of us here made a lot of mistakes during our endeavor with trading. Some lost interest, some continue and learn from their mistakes. This mistakes really made us to be successful in trading. And for those who have lost interest, if you have to analyze they don't have that mindset to focus and the rules of money management you have put up above. They can go there without any idea, and then when they lose their money its time to hang up the gloves. I hope newbies will learn from your tips and enjoy trading.

[Pejoh Asu]

If we want to get the magic from the money then bitcoin investment is the answer, for example is today the price reaches more than $ 6000 so that all bitcoin users get $ 1000 profit in just a week, this is magic.

[AVAMONEY]

Every experienced trader will say the money management in trading is the important thing to keep your account alive and for my experience in trading I lose many accounts die first to bad money management and second for greed and getting more and more money, after all this bad experiences and when I keep money management in my eyes now I get my money adjusted with my capital and I required for every trader to give the most important attention for money management.

The rules for money management for me:
1. Make goals that could actually be achieved with your skill level
2. Always trade with a stop loss
3. Never over trade your account
4. Trust your indicators
5. Always protect profits
6. Trade with investment capital, not grocery money

and for you what is your experience with money management ?

Every job sometimes will feel the failure. and that's what I know.
I am very happy to hear this, your experience is amazing to me.
I am a new person in bitcoin world. even for trading I have never been. the tips on success you share are helpful for me to learn more about bitcoin world.
if possible do not mind if you share more impressive experiences?

there is nothing exact indicators to get success on every jobs, but getting it planning well, will result good.
i loves your tips how to 'protect profits', somehow we on situation to put money all in game or spare of it.

[krauzzer02]

It is really nice to set a rules in terms of money for management of it. This is money, one of the basic and primary need of the human kind and if you fail to do so you will end up with no money or less. Self-discipline, Awareness and Knowledge will bring you to a good profit with a good plan of management list for monetary, plus management in the digital coin will give you a boost to a good profit because of the sudden increase of it. always remember to not depend always in money, because it can't buy anything.

[anti-scam]

In the trade I always do stop loss and secure the profit to be saved.

I never believed in financial management, and I tend to be wasteful and can not save.
I give my wife full trust, I am sure she is better able to arrange financial management.

[passwordnow]

Money management did helped me a lot on how I'm going to settle with finances. In trading you have to prioritize profit, you don't have to wait too long and be patient if you can immediately pull out while there's a profit. But if you are not too confident with your emotion and you don't want to settle by selling immediately some of your alt coins just manage it properly. Take time to read daily charts and don't forget to learn from your mistakes.

[v0rtecxz]

the things you have described are so good and can be a benchmark for the new traders, money management is the most important thing and it will help you in managing money to profit from trading, in trading you should be able to manage the emotions in trading, because prices are changing fast, if you are consumed with emotion and want to profit without thinking about the risks that will be generated, it could be a loss for yourself, as we know how the market price goes with a very volatile, before you want to buy better you see the charts and market movements, and try to buy at the lowest price

[burnchan]

Every experienced trader will say the money management in trading is the important thing to keep your account alive and for my experience in trading I lose many accounts die first to bad money management and second for greed and getting more and more money, after all this bad experiences and when I keep money management in my eyes now I get my money adjusted with my capital and I required for every trader to give the most important attention for money management.

The rules for money management for me:
1. Make goals that could actually be achieved with your skill level
2. Always trade with a stop loss
3. Never over trade your account
4. Trust your indicators
5. Always protect profits
6. Trade with investment capital, not grocery money

and for you what is your experience with money management ?

Thanks to that very detailed points on money management specifically when it comes to trading mate. I'm not yet into trading but i strongly agree on those points because those are almost the same with money management in our daily lives. These are my tips /points on money management:
1. Set your goals or set a budget - this is to help you identify your needs and wants. Moreover, this is to help you limit the spending portion.
2. Save - secure a certain amount which willl be used later in in case of emergency
3. Invest -Make sure first that you do research before investing. Set aside a certain amount of money for investments. This is on top of the basic expenses and savings. There is always a risk in investment so it safe on your part to allocate an budget intended for the investments. Then if you already have a profit, secure or save your capital investment and let your profit roll in your investment.

[Saveplus]

Every experienced trader will say the money management in trading is the important thing to keep your account alive and for my experience in trading I lose many accounts die first to bad money management and second for greed and getting more and more money, after all this bad experiences and when I keep money management in my eyes now I get my money adjusted with my capital and I required for every trader to give the most important attention for money management.

The rules for money management for me:
1. Make goals that could actually be achieved with your skill level
2. Always trade with a stop loss
3. Never over trade your account
4. Trust your indicators
5. Always protect profits
6. Trade with investment capital, not grocery money

and for you what is your experience with money management ?

Money management if you settled your mind to pursue your goal this will be work if we follow some rules how to manage our life in  money .Setting your goals and save your money in the future this will be added in your rules.It is very important to achieve your successful in trading.

[nelmari]

I actually like the idea of your time management and it could help new traders as well to know how they will divide their time also while in trading. My experience in time management is the same as your but I always set some time for learning and reading about trading in a week, set also goals because trading is risky and mostly you would want to look at your coins everyday.

[tienigarazz]

Every experienced trader will say the money management in trading is the important thing to keep your account alive and for my experience in trading I lose many accounts die first to bad money management and second for greed and getting more and more money, after all this bad experiences and when I keep money management in my eyes now I get my money adjusted with my capital and I required for every trader to give the most important attention for money management.

The rules for money management for me:
1. Make goals that could actually be achieved with your skill level
2. Always trade with a stop loss
3. Never over trade your account
4. Trust your indicators
5. Always protect profits
6. Trade with investment capital, not grocery money

and for you what is your experience with money management ?

All of those rules that you have been written are all correct. Managing your money is a  the key to be able for you earn big profit. But the best rule in money mange is your experience, because in that experience you can learn all the important rule to make you succesful in life.

[Aventhe]

Managing your money is an important part of life, and bitcoin teaches many people this idea of money management and many people do follow this. The more careful you are with spending your bitcoin, the more profit your will earn.

[Sled]

Money management is one of the best thing that everybody should learned because that will become the key for them to succeed in life because if you know how to manage your money then you already know what to do for your future earnings and so on and so forth. Money is the most important thing in this world so we should master budgeting it.

[futuret]

If we want to get the magic from the money then bitcoin investment is the answer, for example is today the price reaches more than $ 6000 so that all bitcoin users get $ 1000 profit in just a week, this is magic.

I like the way you think about the bitcoin and the bitcoin money is increasing just because it is getting in the bitcoin to be able to buy more bitcoin and be the world’s most powerful currency, the magic of the money is for sure the bitcoin is because it is the way to increase your money and avoid the unprofitable business, because it has a lot of opportunities and the high profit for the people of the bitcoin.

[GregH37]

Money management if you settled your mind to pursue your goal this will be work if we follow some rules how to manage our life in  money .Setting your goals and save your money in the future this will be added in your rules.It is very important to achieve your successful in trading.

The magic of money management is not an easy thing to learn, but if you manage to learn the trick of managing your money in a well manner. Then I can assure you that your life will be very much comfortable and you will never have any problem related to money.

You need to prepare a chart of your income vs expenditures. Allocate your money as per your needs and try to have some money in your account for emergency.

[Vladv26]

Every experienced trader will say the money management in trading is the important thing to keep your account alive and for my experience in trading I lose many accounts die first to bad money management and second for greed and getting more and more money, after all this bad experiences and when I keep money management in my eyes now I get my money adjusted with my capital and I required for every trader to give the most important attention for money management.

The rules for money management for me:
1. Make goals that could actually be achieved with your skill level
2. Always trade with a stop loss
3. Never over trade your account
4. Trust your indicators
5. Always protect profits
6. Trade with investment capital, not grocery money

and for you what is your experience with money management ?

1. I recommend to make any goal because anything can be achieved if you really want that to happen. Even if you dont have the right skill level you will develop that if you belive and work for your goal
6. This is very important. A lot of newbies, after they lose their invetment money also invest their personal money wich is a very bad thing. If you cant control yourself you are going to lose all your money

[McKane]

If we want to get the magic from the money then bitcoin investment is the answer, for example is today the price reaches more than $ 6000 so that all bitcoin users get $ 1000 profit in just a week, this is magic.

I like the way you think about the bitcoin and the bitcoin money is increasing just because it is getting in the bitcoin to be able to buy more bitcoin and be the world’s most powerful currency, the magic of the money is for sure the bitcoin is because it is the way to increase your money and avoid the unprofitable business, because it has a lot of opportunities and the high profit for the people of the bitcoin.

Bitcoin is actually increasing not the money. Bitcoin is separate currency which is far better than fiat money. Bitcoin can buy you a millions dollar with a single price of it. While money is stuck at the place. We can generate money from bitcoin we can say that bitcoin is the mother of all currency if it is local or crpyto world.

[PacePay]

Money management if you settled your mind to pursue your goal this will be work if we follow some rules how to manage our life in  money .Setting your goals and save your money in the future this will be added in your rules.It is very important to achieve your successful in trading.

The magic of money management is not an easy thing to learn, but if you manage to learn the trick of managing your money in a well manner. Then I can assure you that your life will be very much comfortable and you will never have any problem related to money.

You need to prepare a chart of your income vs expenditures. Allocate your money as per your needs and try to have some money in your account for emergency.

Bitcoin is a monster that enlarges itself rapidly and the ruler of crypto coin world. Due to its skyrocketing price, new people are investing in it on daily basis. It is not a scam and holders show trust in this coin. All the early investors are financially stable rather very rich now. They were lucky to hit bitcoin during its birth. It has introduced millionaires to the whole world. The earlier someone hooks up into this coin, the sooner he will become a wealthy guy.

[No.14]

If we want to get the magic from the money then bitcoin investment is the answer, for example is today the price reaches more than $ 6000 so that all bitcoin users get $ 1000 profit in just a week, this is magic.

I like the way you think about the bitcoin and the bitcoin money is increasing just because it is getting in the bitcoin to be able to buy more bitcoin and be the world’s most powerful currency, the magic of the money is for sure the bitcoin is because it is the way to increase your money and avoid the unprofitable business, because it has a lot of opportunities and the high profit for the people of the bitcoin.

Bitcoin is actually increasing not the money. Bitcoin is separate currency which is far better than fiat money. Bitcoin can buy you a millions dollar with a single price of it. While money is stuck at the place. We can generate money from bitcoin we can say that bitcoin is the mother of all currency if it is local or crpyto world.

Everything you say is true, except that "bitcoin is not money". Bitcoin is money, and it is the digital currency, a new currency of the world should be accepted.