Risk management , how ?

[Casdinyard]

- Never trade with what you can afford to lose.

This is my personal first rule before trading. No selling of houses and titles, no pawning, not losing anything tangible but money.

- Never risk more than 5% of your portfolio in a single trade, don't open multiple positions if you are not sure about diversification of your assets.

Well it depends because there are days that you need to really risk with the opportunity you have in front of you to gain but do not exceed 20% of your total capacity.

- Never trade what you don't know anything about. You need to have some brief knowledge about a project to trade it.

Research! You know some beginners tend to just ride the flow without knowing the intrinsic value of investing to someone's project. Researching will make you more aware of the surface you are moving, it is not just about the price that you see on your monitor, it is what lies behind those numbers and people behind the project, you must know almost everything before jumping in.

[DevilSlayer]

Risk and management is about position sizing, setting invalidation and cut loss levels and also about discipline. In terms of position sizing, we should only put the money that we are going to risks. We should avoid all in for us to manage our risk carefully, maybe it is good if we will allocate 25% of our portfolio in every trade.

The invalidation levels are also important in order for us to minimize the losses, we should set our cut loss very tight especially if we want to protect our capital. Lastly the discipline, it is very important because our risks management will be a waste if we will not follow it and that is why discipline is important because it is the one will trigger for us to follow our plan.

[Arcas]

Risk management when you trade with shit coin and not have potential at the future become profitable with continue running and get new partner with real business, I know and find many shit coin just on fire few day and then become shit coin at the least delist from exchange market and lost much money.

[Quidat]

You will only realize you being greedy when you lose the trade because of greed or simply chasing the pump when its already about to dip.

Funny to know, yes this is only when you know. At the time you see your profit gone, that is when you will know but at the time of contemplation, you will not come to the reality of the possibility of not getting anything at all.
Fist management really also involves exit plan to maximize profit.

If you will make plan before you start trading you will avoid so many issues but if you will take wrong turn between trading it will harm you as every trader should have plan to keep patience as good and bad time comes in life but we will have to be ready facing it. Instead of quitting at wrong time we should wait and let the envioument be well so waiting is actual way to avoid risk .

Risk is always there and its unavoidable and as long you do fight with market price volatileness then youre actively playing with the risk.
Of course, proper planning and good emotion handling will really be suggested into this industry because if you dont do such thing then expect
for mistakes to be committed along the way.Its just a matter of experience on how you do manage things up because each person do have
its own free will on how to handle things into these kind of situations.

[Subbir]

Everything will usually depend upon our own how we operate But to avoid risk greed should be avoided  Greed always hurts. Newcomers are at greater risk of being involved altogether sorts of work after greed. Therefore before doing any work, you would like to stay yourself attached and analyze the market well then it's possible to avoid the danger