Risk management , how ?

[palle11]

I think it’s important for you to understand that most strategies that really make a profit will not work if many people use them. Therefore, people who find such strategies in 99% of cases do not talk about it.
Therefore, for myself, I see the only way out - to monitor the market and try to find my own strategies that will work.

Then trying to find your own strategy that works is how those 99% of traders have struggled with their trade before being successful and would not share easily or try to open a signal group.
Most of the strategy are worked on for better trading.

[adzino]

The main point over here is not to be reckless. Being cautious and concerned about the market will help you reduce your risk. Secondly, you can reduce your risks if you go through the market and invest on selected well known coins only rather than investing on hundreds of different altcoin. If you go for lots of different altcoins, then there is high chance of you investing on a shitcoin. Keep yourself updated with the market. Manage your investment carefully. Understanding the risks and outcomes of different situation and how to handle them also falls on the risk management steps.

[MWesterweele]

The main point over here is not to be reckless. Being cautious and concerned about the market will help you reduce your risk. Secondly, you can reduce your risks if you go through the market and invest on selected well known coins only rather than investing on hundreds of different altcoin. If you go for lots of different altcoins, then there is high chance of you investing on a shitcoin. Keep yourself updated with the market. Manage your investment carefully. Understanding the risks and outcomes of different situation and how to handle them also falls on the risk management steps.

By it means of having discipline it makes you help to lessen the risk by being a carefully especially when monitoring the market. And to manage risk you need to be aware to always checked the monitor for every changes happen. Also you must understand about the possible outcome everytime you do trading and to find out the mistake you do, and when you encouter again your rwady to handle it.

[Kasabus]

The main point over here is not to be reckless. Being cautious and concerned about the market will help you reduce your risk. Secondly, you can reduce your risks if you go through the market and invest on selected well known coins only rather than investing on hundreds of different altcoin. If you go for lots of different altcoins, then there is high chance of you investing on a shitcoin. Keep yourself updated with the market. Manage your investment carefully. Understanding the risks and outcomes of different situation and how to handle them also falls on the risk management steps.

You can invest only on those well developed coins and if possible, focus more on bitcoin to maximize your portfolio and never waste your money on those newly discovered altcoins that will only live short time and die eventually. And when you see you are starting to make profits, don't be greedy. And do not stop on making research to discover your own strategies to make profits and not just rely on some other's failed strategies. Learn to work for it.

[Kurokonobasuke]

Yes, indeed we need to managed the number of risk in trading to prevent of big loss of savings. Base on my experience I will shared my tips. First, before we take a risk we need to plan to prevent the losses of all traders, because in planning we can make sure of our winning in trading. Second, we need to know on what is bull market and bear market because it is a secret recipe to earned profit in trading. Third, never be a greedy trader and emotional because a greedy trader won't never earned a profit and could be possible to a big loss of profit. All my tips is just my own experience, but you can developed your own risk management that will suited you and can help you to earned profit in trading.

[ufaiz50]

1.You can minimize risk by reducing the size of your portfolio.

2. Move to other sectors that just cryptocurrencies.

This is what I must do to minimize risk, from my experience if you want to manage your risk that means you have to manage your capital too.

Diversification of investment is an easy and common thing to do for management so that it produces less risk. There is more about the place of investment with a small risk level and some other calculations that involve your finances. You also have to maintain the stability of your portfolio every day, because if you speak at the level of crypto volatility then it must be done.

I speak outside of a person's lack of psychology because everyone has different conditions so in my opinion only you can seek from solutions related to how to manage risk.

[Mumbeeptind1963]

1.You can minimize risk by reducing the size of your portfolio.

2. Move to other sectors that just cryptocurrencies.

This is what I must do to minimize risk, from my experience if you want to manage your risk that means you have to manage your capital too.

Diversification of investment is an easy and common thing to do for management so that it produces less risk. There is more about the place of investment with a small risk level and some other calculations that involve your finances. You also have to maintain the stability of your portfolio every day, because if you speak at the level of crypto volatility then it must be done.

I speak outside of a person's lack of psychology because everyone has different conditions so in my opinion only you can seek from solutions related to how to manage risk.

1.You can minimize risk by reducing the size of your portfolio.

2. Move to other sectors that just cryptocurrencies.

This is what I must do to minimize risk, from my experience if you want to manage your risk that means you have to manage your capital too.

Diversification of investment is an easy and common thing to do for management so that it produces less risk. There is more about the place of investment with a small risk level and some other calculations that involve your finances. You also have to maintain the stability of your portfolio every day, because if you speak at the level of crypto volatility then it must be done.

I speak outside of a person's lack of psychology because everyone has different conditions so in my opinion only you can seek from solutions related to how to manage risk.

For me to manage the risk you need lower your invest, but before that  know your investment if its have potential to grow. And when you find out it is a good investment you dont need to invest all you money, even you know there possibility you get huge profit. Its better to split your money because is to risky to put it all never ever put all your money in one investment because that is not a good players do, putting all your money foe me is what you doing is no knowledge or learnings at all.

[milewilda]

1.You can minimize risk by reducing the size of your portfolio.

2. Move to other sectors that just cryptocurrencies.

This is what I must do to minimize risk, from my experience if you want to manage your risk that means you have to manage your capital too.

Diversification of investment is an easy and common thing to do for management so that it produces less risk. There is more about the place of investment with a small risk level and some other calculations that involve your finances. You also have to maintain the stability of your portfolio every day, because if you speak at the level of crypto volatility then it must be done.

I speak outside of a person's lack of psychology because everyone has different conditions so in my opinion only you can seek from solutions related to how to manage risk.

For me to manage the risk you need lower your invest, but before that know your investment if its have potential to grow. Also when you finf a good investment you dont need to invest all you money even you know there possibility you get huge profit, its better to split your money

"Dont put your eggs on one basket"

This had always been an effective thing on investment world and talking about risk management then this one is ideal because you've divided up the risk into various numbers or parts.
Any investment do have its ups and downs and when you do have the option for some recovery then it wont really be that hard for you to get up even you experience losses.
Unlike on having a single investment failure will really be hard to get up if there are no other sources you are getting into.

[TheUltraElite]

This is what I must do to minimize risk, from my experience if you want to manage your risk that means you have to manage your capital too.

Not directly related though. Risk often increases without the increase or decrease of capital. Mitigating risk by increasing capital is like Martingale in gambling which is going to fail unless you stop at one point.

Diversification of investment is an easy and common thing to do for management so that it produces less risk.

But few people do it. Also dont get me wrong. I meant diversification in different sectors (like commodities, stocks, gold etc) not altcoins. Among crypto your lions share or 100% of assets should be bitcoin. Forget about altcoins.

There is more about the place of investment with a small risk level and some other calculations that involve your finances. You also have to maintain the stability of your portfolio every day, because if you speak at the level of crypto volatility then it must be done.

The whole volatility issue of bitcoin is an exaggeration. Those who watch the markets know how much volatility occurs and it usually ranges less than 5% every 24hours. It is more often seen when big news happen or a huge dump which was not predicted. You dont have to believe me, because you can verify it from the charts yourself.

[alani123]

Risk managment with cryptocurrency is something tricky.

Standard strategies aren't very useful. It's impossible to diversify within the crypto economy as every single asset in it has huge correlation with BTC.
Also, risk factors are very different. One should stay away from cryptocoins with old and weak networks, or ICOs that are very speculative and with no real work behind them. The characteristics to look out for also vary depending on the type of crypto. Ethereum tokens have different technical challenges from coins with their own blockchain.

If you ask me, it's more about studying technical parameters if you want to compare crypto assets. Sadly or not, there's no market and board overlooking listings in crypto exchanges. Any project could turn scam except community based ones like LTC/BTC etc. Large projects that are run privately are a larger risk. See TRON, crypto.com, Ripple etc.

[imstillthebest]

1.You can minimize risk by reducing the size of your portfolio.

2. Move to other sectors that just cryptocurrencies.

This is what I must do to minimize risk, from my experience if you want to manage your risk that means you have to manage your capital too.

Diversification of investment is an easy and common thing to do for management so that it produces less risk. There is more about the place of investment with a small risk level and some other calculations that involve your finances. You also have to maintain the stability of your portfolio every day, because if you speak at the level of crypto volatility then it must be done.

I speak outside of a person's lack of psychology because everyone has different conditions so in my opinion only you can seek from solutions related to how to manage risk.

For me to manage the risk you need lower your invest, but before that know your investment if its have potential to grow. Also when you finf a good investment you dont need to invest all you money even you know there possibility you get huge profit, its better to split your money

"Dont put your eggs on one basket"

This had always been an effective thing on investment world and talking about risk management then this one is ideal because you've divided up the risk into various numbers or parts.
Any investment do have its ups and downs and when you do have the option for some recovery then it wont really be that hard for you to get up even you experience losses.
Unlike on having a single investment failure will really be hard to get up if there are no other sources you are getting into.

that if you are going to invest on other type of assets and not just on crypto because here on crypto once one major crypto is down others will follow too   .   diversifying fund on crypto is not really effective imo  so its better if will only foccus on one major crypto asset so that we can get the most our of it  .  in my case i diversify by buying gold and other natural metals and then i pick bitcoin as my crypto investment   . this is my way of managing the risk or reducing the risk   . so far so good

[mbakruroh]

There's no correct risk management because reduce risk is depend your target, make it realistic and can accepted in your mind if fails. Many strategy fail not because don't know how to use it but replace imagination in their calculation, wrong place my friend. If you are daily trader use 3% - 5% as your daily target and set your risk below it, don't make it too far because market is unpredictable.

[ArIMy11]

You must accept that there is a risk in everything. The higher the money you put on the higher higher the risk but the higher the profit. In trading do not let your emotions control you. Just keep calm. Maybe one way of risk management is that determine the risk. Is it financial risk ? Or is it your strategy that is risky ? Is it the exchange rate ? Or maybe country risk ? After you identify, of course you can find countermeasures to avoid the risk. With crypto, it is additional thing to be learned since it is different from our paper money. We must really know first its nature before entering trading.

[Ararbermas]

You know im not expert in trading but for me the most important is self discipline because if you don't have such manner you can't avoid risky situation .i actually don't believe in strategies because it's still useless if you don't know how to set your limitations spending money through everything. 

[maydna]

There's no correct risk management because reduce risk is depend your target, make it realistic and can accepted in your mind if fails. Many strategy fail not because don't know how to use it but replace imagination in their calculation, wrong place my friend. If you are daily trader use 3% - 5% as your daily target and set your risk below it, don't make it too far because market is unpredictable.

When you see the market is unpredicted, it is better to leave the market for a while so you can reduce the risk a lot. You will never know when the market will be back at a higher price, but if you can hold yourself for trading because the situations are not good, you will not regret it if the market is going down for more. The risk management is how we can manage how much money we use for trading, and we don't have to force ourselves to try to buy the coin if the market is still unpredicted.

[iv4n]

Many people ask similar question, how to do this or how to that, and we see similar answers along with links to some sites that offers to do a job for you, all you need to do is to pay for that. About this specific matter, risk management, there is a simple answer, it's knowledge. You need to cross the street, do you know what you need to do? How did you learn that? When you plan to cross a highway do you need to be extra careful because there are more cars and risk is higher because of that?
It's the same in trading, you need to know where are you going (your final goals, to earn dollars or more bitcoins, or other alts), you need to know pairs, fees, and same as you do when you are crossing a street you need to look left and right and to see what is coming. Where do you find information, where do you look is the most important in trading, finding the best source of info about your trading pair is essential. Educate yourself, learn more and it's how you reduce the risk. When you don't have that it can be like crossing a highway, blindfolded!

[GreatArkansas]

You know im not expert in trading but for me the most important is self discipline because if you don't have such manner you can't avoid risky situation .i actually don't believe in strategies because it's still useless if you don't know how to set your limitations spending money through everything. 

Yeah, it's kinda risk management in overall, but in trading, you should be more practical especially if you really started trade frequently.
Strategies also work in trading, you should also got that beside your risk management.
A good risk management like having a risk:reward ratio for every trade you make and have strict plan when to take profits, cut loss or enter the trade.

[Ridwan Fauzi]

You know im not expert in trading but for me the most important is self discipline because if you don't have such manner you can't avoid risky situation .i actually don't believe in strategies because it's still useless if you don't know how to set your limitations spending money through everything. 

Yeah, it's kinda risk management in overall, but in trading, you should be more practical especially if you really started trade frequently.
Strategies also work in trading, you should also got that beside your risk management.
A good risk management like having a risk:reward ratio for every trade you make and have strict plan when to take profits, cut loss or enter the trade.

The strategy is not everything but an experience everything, is it?

I have a friend and I can say him as an expert to trade, so I decided to learn about trading to him. But, he didn't give any knowledge to me, he just suggesting to read about technical analyst and fundamental analyst by myself. Because he said, in the trading field you can rely on the strategy, sometime the strategy will kill you, but you must make an evaluation with every trade you made. Through this thing you will aware about trading as a whole, and also I was aware that strategy can came when I'm trading.

[yanto@1977]

If you are beginner take courses and join some group to raise your knowledge and strategy. Expert can do more dangerous than us, they like challenge their skill and emotion by replace strategy without risk management but always use little money to test it. So. risk management is depend trader/ investor character. I can't recommended any strategy because every trader/ investor free to decide which one is better but the rules is always same, set it before enter the market, don't ignore it.

[Lecam]

successful trading is about managing risk minimising it as possible  as we can , i have read that with correct risk management even with flipping a coin we can do trading and be profitable

i want to know what methods/rules  are there to minimise risks

You can minimise risk if you buy only the popular coins that you can trade everyday so that you get profit. Coins that popular are profitable don't buy coins that you know that you can lose your money there l. Be smart and choose wisely before you gonna buy coins that you want to trade.