Safety first before trading

[avatar_kiyoshi]

Loss are inevitable but we can minimize our losses. Newbies should focus on risk management, there is a saying that it is ok to loss small but to lose big is not ok. Mistakes are good thing but make sure that we can a knowledge from it. In trading your first objective is not to multiply it, your objective should be how are you going to protect it in order for you to able to grow it.

Risk management is multilevel and does not pegged to newbie or pro. The higher the level of risk, experience in managing risks will increase, also the profit will be higher. Maybe this is what distinguishes a newbie or a pro, but even a professional must learn and be careful.

[1714677194]

1714677194

[Subbir]

what actually safety means trade?
Trading calculation modified on every occasion that then follows everywhere the market news or technical issue you have got to be told initial so trade smart learning means that smart security.

[Republikcoin.com]

what actually safety means trade?

I think those are the basic tips you need to read, buddy. Basic things like market capitalization, trading volume, information, etc. are the basic things you need to know before trading, and that is what he means as Safety before trading.
actually it does not guarantee whether you will benefit from trading or not. but, it is only the basis for knowing whether the coins that you are going to trade are worth trading on or not.

[Trela]

I expected something new, but it turns out that this is just another click bait article.

Market capitalisation?  Many of us got burned using this trading strategy, most of the low cap projects also suffer from this worsening market conditions. Stop-Loss? We have heard this many times before so I do hope that new traders learn this or at least 'experiment' how to used this one. I'm sorry but is just a rehearse of thousands of articles floating around.

Haha, today, the market capitalization and trading volumes are easy to be counterfeited by Exchanges websites. Reading the news, I'm not surprised to find a report on a fake exchange site that attracts investors to sign up and participate in the site. And stop-loss or take profit is useless when you are too greedy.
=> Learn to control your emotions, greed and accept failures before becoming a trader.

Right investors are always assertive when making decisions and do not regret what happens.

[samuraijin]

I just want to trade where the exchange has a high trading volume, for safety I must prioritize it being the first priority, usually I always take advantage of trading pulls it into my wallet, unless my capital leaves it on the exchange to benefit from other trades, this article is a bit helpful but not overall

[KnightElite]

Loss are inevitable but we can minimize our losses. Newbies should focus on risk management, there is a saying that it is ok to loss small but to lose big is not ok. Mistakes are good thing but make sure that we can a knowledge from it. In trading your first objective is not to multiply it, your objective should be how are you going to protect it in order for you to able to grow it.

Risk management is multilevel and does not pegged to newbie or pro. The higher the level of risk, experience in managing risks will increase, also the profit will be higher. Maybe this is what distinguishes a newbie or a pro, but even a professional must learn and be careful.

If you are good in risk management then you are also good in terms of diversification. The traits of a successful trader is they do not put all eggs in just one basket because they diversify. They don't go all in in a specific coin for example a trader have capital of $10,000. A profitable trader will not invest that whole $10,000 in bitcoin alone, he will diversify it in 4 parts or 3 parts. Maybe in Ethereum, Xrp, bitcoin cash or bitcoin.

[MURONDI]

yes, security is very important, but I don't really like complicated, so I rarely use extra security, I like the easy and simple ones, maybe because I'm only a small trader so I don't really care about security, maybe I would be more careful if I use a large capital.

[Karmakid]

Before you do anything with your money like do trading, you should always remember that you will only put an amount that you can afford to lose because when something goes wrong then you will not be frustrated because it is alright for you to lose that money. Learn how to do money management before anything else so it will be easy for other things to follow because you know how to handle your money very well.

[Dart18]

Looks to me like someone already made this kind of thread.
There is a difference though.
He did copy some about the article and posted it in bitcoin discussion.

Here it is.
https://bitcointalk.org/index.php?topic=5210185.msg53365232#msg53365232

[Twentyonepaylots]

There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely

https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp

5. Don't be greedy.
Don't get tricked by any investation's ads that offer so much profits in a short time, it might be a ponzi scheme and if you're not lucky enough you will lost all your investment. So we better to learn step by step the trading fundamentals and get experienced in trading.

I often use youtube and facebook and I always see an advertisement of a trading platform which tells to invest and displays the highest trader earned on the ad. So I think this is one of the reason why greediness is often possessed by a newbie or beginner which results more often in huge losses. Learning trading is basic, but experiencing it is very cruel.

[audaciousbeing]

There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely

https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp

What you have highlighted as what should be paid attention to in trading is basically something so basic that by default, anyone in crypto whether trading or not should know about. For those who wants to be interested in trading, there is need to even take extra care and note in dealing. As a matter of fact, anyone in crypto trading should be vigilant by default that all platforms should not be completely trusted and the man on the other side is trying as much as possible to take more money from you.

[Reid]

There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely

https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp

Yeah that should be first. Safety.
But how actually?

It is not just about marketing, trading or volume. You need to keep your money in safety first.
Get a hard wallet. If needs payment then so be it as long as you know it will be the safest method ever.
Next, do not stay in an exchange for a long time.
Yes, it is more profitable having a lot to be traded but you need also to stop being greedy and keep some of it at some time.
Where it should be? Your created hard wallet. Always there.

[msarro]

Before you do anything with your money like do trading, you should always remember that you will only put an amount that you can afford to lose because when something goes wrong then you will not be frustrated because it is alright for you to lose that money. Learn how to do money management before anything else so it will be easy for other things to follow because you know how to handle your money very well.

Nobody can take care of your money other then you only. If you start trading without having any knowledge then there are bright chances that you will join camp of 'trading losers'. Everyone think crypto trading is very easy, its like buying bitcoin in the morning and selling in the evening.

[gabmen]

Before you do anything with your money like do trading, you should always remember that you will only put an amount that you can afford to lose because when something goes wrong then you will not be frustrated because it is alright for you to lose that money. Learn how to do money management before anything else so it will be easy for other things to follow because you know how to handle your money very well.

Nobody can take care of your money other then you only. If you start trading without having any knowledge then there are bright chances that you will join camp of 'trading losers'. Everyone think crypto trading is very easy, its like buying bitcoin in the morning and selling in the evening.

It's never easy. It may seem like the buy low sell high principle is pretty simple, but it's not. You risk a lot already by making trades. Safety i think begins with things that you can control. Like choosing a reliable site where you can trade, having a secure wallet with private keys and security features like 2fa, and putting in just enough money that you can let go in sour times. Nothing's for certain in trading though there are certain things you can practice to lower your chances of being rekt or worse, getting your money stolen.

[justdimin]

There is a level where risk makes you more money and too much risk loses you money, that gray area where you risk enough to make money but not risk too much to lose money is where everyone should be operating. However, that place is not easy to find and everyone has trouble figuring out where it is because it changes depending on everyone's budget and level of comfort trading.

I personally figured out that I can trade 100 bucks and not worry about it, I can leverage it, I can trade it, I can invest into tokens, no matter what I do with that 100 bucks including gambling itself, I wouldn't worry however if I end up losing that money as a whole, I would probably not do anything for couple of months at least, so find that number for yourself and the method and you will be good to go.

[Apened]

There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely

https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp

This topic is helpful, however it takes more time fpr the traders especially to the new ones to understand how to do this. Although this is a very basic setups that every trader should know and to be applied on trading. Nothing is easy it takes time to learn this things but still a worthwhile to read. It all depends on every preference of a trader.

[Meowth05]

There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely

https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp

It is required to have enough knowledge first before engaging in any other activity related to crypto otherwise you will get scam by the people who have bad intent. There's a lot of articles that could help you to learn to trade besides you are in the forum that would provide the fundamentals you must know along with some tips. Making an entrance into a thing you don't familiarize with is just the same with gambling knowing that you have no chance of winning.

[Murat]

It's a common thing to take extra caution previously because this is not like a conventional platform for investment and trading, that's why Slow and Steady strategy could make a good thing in this system, I think it's not any difficult thing for a newcomer or an old folk to make trade in this blockchain system, I believe if someone is trying to start with a small volume then it must be a good thing because it will bring to anyone a good result within a short time. so you have to think twice before investing and trading in the blockchain system.

[silversurfer1958]

There's a lot of topics,news,trading and more that related with scam or hack still i think if your knowledgeable about where you risk then you will not experience like that so i recommend to study or search before doing trading here in crypto world then there's a lot of ways to avoid that like save or hold your btc,alts,tokens in your trusted wallets,Moreover read the news below because you can learn a lot by this like how to trade safely

https://cointelegraph.com/news/4-things-you-must-know-before-trading-bitcoin-and-cryptocurrency/amp

I realize that there are many exchanges that meet these criteria, but they are still deceptive. IDAX is an example because you can see that its volume is quite high and has lots of good trading features, stoploss and limit price, ... I'm quite happy with this exchange but I was completely stunned. fever to know the CEO stole more than $ 200m of investors and fled. so we not only analyze the 4 things above, but we also have to look at their community and the support of the support team. That proves that they are a professional team or not.

[pawanjain]

What's new about what you mentioned in OP ? Most of the traders are aware of such things.
The things to consider about is safety is

Keeping your crypto in safe locations
Not mentioning about your crypto balance in public
Diversifying your crypto to minimize the risk

These are points you should have mentioned