Defining Risk

[eminemcookie]

I find it confusing defining risk in fiat when looking to place a trade due to the numerous exchange rates. Does anybody use a spreadsheet which does all the calculations for them upon entering price, stop loss and desired risk in fiat?

If yes, would you be willing to share the spreadsheet which you use?

There were platforms available you could use to compare the price of each coins from major exchanges. This allows you to even get profit and remove all the potential losses. Try to check out Bitsgap, its a new platform offered for free. Try it while its free of subscription, they will apply fee next year after seeing good development. After trading be reminded not to store or hold your funds in exchanges for longer time, it would be better if you'll transfer it to your main account. I recommend you to choose an open source wallet like Hodler wallet which is the only opensorce multiasset wallet available.

This is nothing to do with what the thread is about. Arbitrage is an entirely separate thing to trying to define and calculate risk. You should go and shill somewhere else.

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[selardkinley]

determining such risks is indeed very confusing and I also use spreadsheets and it's a bit very profitable, but here I don't want to share my spreadsheets.

Risk is the presence of an element of uncertainty that is contradicting with your expected outcome of investment. It is a function of many factors and could be greatly reduced as well.

[owengtam09]

Risk is nothing it is just threat whether you are into crypto market or any other investment schemes. There is an advantage of taking risk if you take risk than there will be probability to earn money or loss money. Risk is just a probability of having good results.

If you are a risk takers then there would be no problem because you know already the possible result of that taking risk, but to those who don't like to take risk then it is not recommended to them to just invest or trade on something that they are not sure especially if they don't know exactly how to do it.

[Reatim]

I find it confusing defining risk in fiat when looking to place a trade due to the numerous exchange rates. Does anybody use a spreadsheet which does all the calculations for them upon entering price, stop loss and desired risk in fiat?

If yes, would you be willing to share the spreadsheet which you use?

I guess you can research if such tools or apps exist. If I remember it correctly, there was quite a few but personally I don't used them because I'm just a casual trader.

I guess a 5%-10% loss is a good thing to start, but then again, people have different risk appetite and risk mitigation so its really up to you.

[dunfida]

I find it confusing defining risk in fiat when looking to place a trade due to the numerous exchange rates. Does anybody use a spreadsheet which does all the calculations for them upon entering price, stop loss and desired risk in fiat?

If yes, would you be willing to share the spreadsheet which you use?

I guess you can research if such tools or apps exist. If I remember it correctly, there was quite a few but personally I don't used them because I'm just a casual trader.

I guess a 5%-10% loss is a good thing to start, but then again, people have different risk appetite and risk mitigation so its really up to you.

We wont really tend to make use of those tools or spreadsheets exist but I don't really see that someone do bother to create just to share on his ways
We do really have different risk appetite as you say so it would always differ.Following someones risk management isn't bad but it might not really work on you.

[Pursuer]

I find it confusing defining risk in fiat when looking to place a trade due to the numerous exchange rates. Does anybody use a spreadsheet which does all the calculations for them upon entering price, stop loss and desired risk in fiat?

If yes, would you be willing to share the spreadsheet which you use?

I guess you can research if such tools or apps exist. If I remember it correctly, there was quite a few but personally I don't used them because I'm just a casual trader.

I guess a 5%-10% loss is a good thing to start, but then again, people have different risk appetite and risk mitigation so its really up to you.

the thing about loss in trading is that the amount does not matter in my opinion. what matters most is why that loss happened. for example if the loss was an unexpected market movement like the recent dip then it is ok to experience such loss and the size of it doesn't matter much. but if it was because you made a mistake and fell for some fake hype in some altcoin and bought into its bubble and got dumped, then that kind of loss is unacceptable no matter how much it is .

[creeps]

I find it confusing defining risk in fiat when looking to place a trade due to the numerous exchange rates. Does anybody use a spreadsheet which does all the calculations for them upon entering price, stop loss and desired risk in fiat?

If yes, would you be willing to share the spreadsheet which you use?

Don’t be confused about the exchange rate try to focus on at least top coins and when it comes to the crypto exchange better to use also the top exchanges, the fees may be high but you are guaranteed that they are providing a good technology and a quality service.

Choosing the right exchange is important but don’t forget to study more about the market because no matter how good the exchange is, if you don’t know how to trade well I think its useless.

[Deagle21]

I personally did not use such a table, but after reading this topic I decided that it would be a very convenient idea. if anyone can share something write in the PM. I will be grateful

[eminemcookie]

the thing about loss in trading is that the amount does not matter in my opinion. what matters most is why that loss happened. for example if the loss was an unexpected market movement like the recent dip then it is ok to experience such loss and the size of it doesn't matter much. but if it was because you made a mistake and fell for some fake hype in some altcoin and bought into its bubble and got dumped, then that kind of loss is unacceptable no matter how much it is .

I both agree and disagree, while long term if you can avoid the unacceptable losses you spoke of, you'll have the most success. The size of loss does still matter, you may not be able to predict certain market movements but you can insure yourself against them with proper loss management. At the same time, if you do make a mistake and invest in a shit coin, it's again ideal to limit your losses where possible and it presents a learning situation that can help you to get better results in the future.

[deepaksharma]

This is not necessary to keep the spreadsheet.Keep this simple thing in mind " don't put all your eggs in one basket". Anyway there will always be risk in trading no matter how professional you become.

[MahalQu2612]

In my perception, every business in the entire world has risk involve. Meaning, if anyone want to engage themselves in business they must be ready for the consequences and I don't see any business were money is not involve of course money is always there, that's why there is risk. You are gambling your capital into business were there is a chance you can earn or loss your money.

[Jahmal32]

I find it confusing defining risk in fiat when looking to place a trade due to the numerous exchange rates. Does anybody use a spreadsheet which does all the calculations for them upon entering price, stop loss and desired risk in fiat?

If yes, would you be willing to share the spreadsheet which you use?

Yes, the table in my opinion is unnecessary. Keep a table for transactions is normal, but also bother to risk and stop loss. You must have this table in your head. From each transaction a certain risk and percentage that you can lose. Also from your total Deposit. It's simple, nothing to be wise

[Reid]

Yes and No.
I dont even have any tormula in my spreadsheet.
I do use it just to list all the coins that I have and links on how to find them and their websites.
That's it.
Some of them have different prices so better check that too.
It will be much confusing if you put formulas in it since they are all using different exchange.
Monitor and just manual checking.

[fasdorcas]

I find it confusing defining risk in fiat when looking to place a trade due to the numerous exchange rates. Does anybody use a spreadsheet which does all the calculations for them upon entering price, stop loss and desired risk in fiat?

If yes, would you be willing to share the spreadsheet which you use?

When it comes to taking risk on every trade, based on your signal, whether you are buying based on price action on some support level or so, you really want to be measuring your risk, which at this point is what you are going to be sacrificing based on your stop loss, and the potential reward you are going to get from that trade, and in no way should you ever let your risk be more than your reward in any trade you are entering at all. That in essence, is what is referred to as risk management when it comes to trading, so in that way, you are at least taking a calculated risk.

[Secionz]

I personally did not use such a table, but after reading this topic I decided that it would be a very convenient idea. if anyone can share something write in the PM. I will be grateful

I believe there is no need to have such a table or spread sheet to get things done in a good way but rather to be curious about the fact that if you do not diversify, you can lose big for not diversifying and for incurring loss in one single coin in which you have invested if the market for it falls.

[Strongkored]

I do not use spreadsheets to record all my trading activities when to enter and when to cut losses, I only use a 5-10% ratio of my ability to lose so when I already bought and the price dropped then when touched 5-10% I will stop loss or cut loss, but I don't always use in all my trades.

[Kotone]

I find it confusing defining risk in fiat when looking to place a trade due to the numerous exchange rates. Does anybody use a spreadsheet which does all the calculations for them upon entering price, stop loss and desired risk in fiat?

If yes, would you be willing to share the spreadsheet which you use?

I suggest you make a journal and try it for yourself. It really depends on the risk per person not on the exchange or anything. There's really number of ways to automate your computations in spreadsheet for you to workaround that will benefit you in the future trades.