bitgolden
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February 02, 2021, 05:36:23 PM |
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Don't rely on informations you get from social media, most especially crypto-twitter as most users you see on that platforms are pretenders only wishing they have they level of success in trading they post about. We're currently in the altcoins season so the scenario that involves alt market dumping isn't as it was few months back when the pumping and dumping of bitcoin resulted to altcoins bleeding out most especially DeFi related projects.
Now bitcoins pumps influence the reaction of the alts as they gain value. Your risk management do have a lot to do with your trading capital. If you have very low capital then you don't expect to use just 3% and come out very profitable. In the trading game, the more capital you invest produce a profitable output so maybe increasing your own to 10% might just be ok provided you would be comfortable risking that amount.
Those twitter accounts get advertisements and that is the reason why they are insisting on sharing things constantly even if it will result with bad results for people and what not. I have seen people who started sharing when it was just few followers and I have followed them all the way to 5K+ followers as well and they started to share things with links, that was affiliate marketing and that's fine, but they started to make a decent amount of money with it even if not a lot, after they reached to 20k+ levels they started to share some ads about crypto related stuff, even exchanges that are unknown gave ads to share it, mostly in disguise as discounts and promotions and not ads, and lastly when it reached to 100k+ it became such a horrible position that they charged as much as 100 bnb for one ad that was about anything at all, I have literally seen a bicycle advertisement. So, it is very very profitable for them to do it.
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Reid
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February 02, 2021, 06:07:31 PM |
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Have you checked the date of whatever you read? Those are old school rules. Bitcoin up, alts go down, and vice versa. But that doesn't happen anymore. It is really difficult to predict the market. Mostly, what will happen is Bitcoin up alts go up. It's like they are being attracted by each other. I don't really know the reason behind it but it happens.
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teosanru
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February 02, 2021, 06:35:16 PM |
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I read from a twitter thread and from some blog that we should took trade by risking 3-5 % of our capital per trade. So you can protect your ccapital.
But in Cryptocurrency Market i realized that when btc pump or dump 95% alts gona dump, So i can maintain this Risk mananegemnt to protect my capital.
Please any suggestions...😊
Thank You So Much...🙂♥️
This is really a very important concept from a trader's standpoint. People generally tend to ignore it. Risk Management is the most important concept and has become even more popular after the recent GameStop thing. Now the traditional notion of Risk Management is to Risk 3-5% of your capital on each trade and this actually is a pretty good strategy. This is usually done using Stop losses and take profits using Pivot Points. But there is a problem here. The problem is that crypto markets are highly volatile. You can pretty easily see a huge dump of 10% and see the very next 5 Minute candle of recovery from that dump. Now this makes Risk management using this traditional approach a very hard thing. But still best you can do to overcome this is to widen the gap of Targets and Stop loss and also try to use the Risk-Reward Ratio Concept. Keep a Risk Reward Ratio of at least 1 and recommended 2.
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nelson4lov
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February 02, 2021, 08:11:32 PM |
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I read from a twitter thread and from some blog that we should took trade by risking 3-5 % of our capital per trade. So you can protect your ccapital.
But in Cryptocurrency Market i realized that when btc pump or dump 95% alts gona dump, So i can maintain this Risk mananegemnt to protect my capital.
~Snipped
In my opinion, risk management ultimately depends on your trading capital and how much you're willing to lose in case of your trade goes sideways. That's what I see a lot of people don't understand. You have to assess this yourself and make adjustments as you go on. There is no "one size fit all" risk management techniques - 3%, %5, 7%, 10%, 20%? - These are all textbook examples that might had work in the past in traditional markets like stocks. Over here in crypto, the markets are always evolving. You just have to adjust and evolve too. Like I said, you're in the best position to determine what your risk management level should be. Not some random people on Twitter or on medium or other blog posts.
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taufik123
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Rollbit.com | Crypto Futures
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February 02, 2021, 08:43:23 PM |
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Risk management by dividing capital will be very effective so that when there is a loss the capital will remain safe. For example, by dividing the capital in several parts to make entries on several coins with the same percentage of capital on each coin. Opening a different position on each different coin will make it easier if you want to get out of a position that is likely to experience a loss, but when there are other positions that have a good percentage you will get a bigger profit.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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TheUltraElite
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So anyway, I applied as a merit source :)
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February 05, 2021, 07:13:19 AM |
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You read that from twitter/blog/Another BS social media channel - Learn to ignore all that. When you are into cryptocurrency trading which is one of the most psychologically demanding trading processes, you have to avoid all types of manipulation.
I could tell you a random percentage, does not mean that it will be correct to manage your risk. In general in gambling 10% of your capital is max to be used in each bet. You could apply the same to trading. Of course lower than that is also a safe bet.
What I can suggest you is to try trading yourself and see how you can manage your capital and lower your risk by doing research on what you are buying. Specific numbers dont help here, rather quick and calculated decisions do.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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MWesterweele
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February 05, 2021, 12:17:18 PM |
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Have you checked the date of whatever you read? Those are old school rules. Bitcoin up, alts go down, and vice versa. But that doesn't happen anymore. It is really difficult to predict the market. Mostly, what will happen is Bitcoin up alts go up. It's like they are being attracted by each other. I don't really know the reason behind it but it happens.
Now as what we have observed Bitcoin market value goes up, and the alts value also follows not as same movement of bitcoin but it takes time and it follows the movement of bitcoin market value. But to be honest from time to time the responds of altcoins to the bitcoin price movement couldn't be predicted by fix conclusion that whenever the bitcoins price pump and so the altcoins too. It is still a wise decision to have a risk management in trading, though risks are inevitable but atleast you have your control over it.
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Kelvinid
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win lambo...
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February 05, 2021, 12:23:39 PM |
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Have you checked the date of whatever you read? Those are old school rules. Bitcoin up, alts go down, and vice versa. But that doesn't happen anymore. It is really difficult to predict the market. Mostly, what will happen is Bitcoin up alts go up. It's like they are being attracted by each other. I don't really know the reason behind it but it happens.
It just happens in the past where Bitcoin rises, altcoins will do the same thing, and that usually what we still seeing this time. But if we are thinking about history repeats itself, guaranteed not, it remains unpredictable. A lot of influencing factors affecting the trend and also influential personality could easily make hypes if they want that could merely make changes on the coming situation. What it helps us to have this risk management certainly be effective is to have our trust in crypto, as I know it never gives us disappointment.
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darewaller
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February 06, 2021, 03:54:32 PM |
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You read that from twitter/blog/Another BS social media channel - Learn to ignore all that. When you are into cryptocurrency trading which is one of the most psychologically demanding trading processes, you have to avoid all types of manipulation.
I could tell you a random percentage, does not mean that it will be correct to manage your risk. In general in gambling 10% of your capital is max to be used in each bet. You could apply the same to trading. Of course lower than that is also a safe bet.
What I can suggest you is to try trading yourself and see how you can manage your capital and lower your risk by doing research on what you are buying. Specific numbers dont help here, rather quick and calculated decisions do.
You should not "ignore" all that bullshit because those are the same people who end up trading as well and that is why what they say is important. Is it still bullshit and they are just making up stuff that is obviously wrong and they just create assumptions and sell it as predictions? Of course, they are the most vital piece of .. thing in the world and they should always be seen as lower level scum who try to scam people via their prediction selling and so forth. There are horrible people in social media and this is not just true in crypto, this is true in everything about life. However we should still care about it, not agree not accept but care about it because what they do may have some consequences and that is why we should be checking it up, it is like having this politician you hate but you still read the news of it, same logic applies here as well.
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tygeade
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February 13, 2021, 03:40:07 PM |
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I would say the best way to do for me is buying at each price, so that way I am never too out of touch with bitcoin. Did I buy bitcoin back when it was under 1k? I did, did I buy when it was around 3k? I did, did I buy when it was 10k? I did, and now I bought at around 21k as well.
So, basically I bought bitcoin at all prices, when it goes up, when it goes down, I always end up buying bitcoin without any interruption. This is why I get to actually enjoy my safety, because I am rarely ever under the purchasing price, and whenever I am, I just buy more and see that as an opportunity and not a loss.
Many people go all in and that is the problem I believe, when you spend all your money buying bitcoin or any other crypto, you are going to lose money when it goes down, since you do not have any money at all you are not going to be able to buy more to drop your average neither.
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isaac_clarke22
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February 13, 2021, 04:36:20 PM |
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~
If I am trading right now, I would up that risk a bit higher because pretty much all my capital are all those that I don't fear losing like around 7% - 10% maybe but hey it depends on how worth does the amount really hit you when you lose it as you assume it. On your second statement, it's quite common for it to already happen because we're all inside the crypto space. There are investors considering to take opportunity of other coins in the market as BTC show its green in the chart, but then dump really really hard when BTC doesn't smile upon the greens that's why many tokens tend to be dry.
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CryptopreneurBrainboss
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February 14, 2021, 06:39:01 AM |
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Those twitter accounts get advertisements and that is the reason why they are insisting on sharing things constantly even if it will result with bad results for people and what not.
We can stop this, we're giving them too much power. we're already making ourselves gullible by following their social media handle. With that in mind they take advantage of the situation by selling us their ads. Why I'm not against them profiting from the service they offer, what I'm against is them scamming their followers just for some selfish gains. An example is them shilling/pumping a particular coins just because they must have loaded their bags previous. 99% of the so called crypto influencers or educators we have on twitter and youtube are money driven, hardly before you'll see anymore that had the motivation of enlightening/educating the public. And if there is any, it's just a matter of time before he/she monetized their handle by offering ads to their followers without considering if those ads who be harmful or not.
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TheUltraElite
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So anyway, I applied as a merit source :)
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February 20, 2021, 06:32:20 AM |
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There are horrible people in social media and this is not just true in crypto, this is true in everything about life. I think learning how to remove yourself from social media presence is important here. Some people get misled and this is how how they assume things from such people to be true. However we should still care about it, not agree not accept but care about it because what they do may have some consequences and that is why we should be checking it up, it is like having this politician you hate but you still read the news of it, same logic applies here as well. I dont completely agree though. You could remain bluepilled and ignore them as much as you want. They will always be a voice out there trying to make a demand but you can go on your way and not give any importance. I would not compare politicians with this, after all running the government is a different job, than running a brainwashing twitter page. Crypto prediction and social media are something if put together can be a losing combination if followed. Rather than doing your own research you would blindly follow someone else who is running you like a puppet and draining your money.
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darewaller
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February 20, 2021, 08:44:12 PM |
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You could remain bluepilled and ignore them as much as you want. They will always be a voice out there trying to make a demand but you can go on your way and not give any importance.
I would not compare politicians with this, after all running the government is a different job, than running a brainwashing twitter page.
Crypto prediction and social media are something if put together can be a losing combination if followed. Rather than doing your own research you would blindly follow someone else who is running you like a puppet and draining your money.
That is sort of what I was going for as well. It is about knowing what other people are saying but not agreeing with them. So the politician thing is about similar, because a bad politician you hate will say something that may have a chance to change the country but you hate them and do not agree with them, whereas a bad social media person in crypto world that you hate and disagree could say something and change the price as well. Like for example Elon pumped doge, and I do not think that doge deserved that at all, but he did it anyway and I am aware of it and saw his tweets, I didn't ignore it just because I didn't agree with it. So, all I am saying is you should check them out even if you disagree with them, there is no hurt and actually it would benefit you, if you checked people who you disagree with saying or doing so that you know what your "opponents" are doing.
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Yatsan
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February 21, 2021, 08:49:52 PM |
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The risk management you must do upon getting into trading relies on the amount of capital you have that is intended for trading purposes. No exact percentage to be specific on the amount you can be able to risk for doing trades for the reason that you must know yourself well as well as your capacity and be realistic into which amount you can only attain to risk for that specific trade and that will also depend on the kind of coin you wish to trade with for if it is worth risking, then there is somehow an assurance that you can earn from it. Just always remember the limited resource you have is your funds so be responsible on budgeting and handling it wisely so you can make up gains instead of losses in trading.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Oilacris
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February 21, 2021, 09:28:05 PM |
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The risk management you must do upon getting into trading relies on the amount of capital you have that is intended for trading purposes. No exact percentage to be specific on the amount you can be able to risk for doing trades for the reason that you must know yourself well as well as your capacity and be realistic into which amount you can only attain to risk for that specific trade and that will also depend on the kind of coin you wish to trade with for if it is worth risking, then there is somehow an assurance that you can earn from it. Just always remember the limited resource you have is your funds so be responsible on budgeting and handling it wisely so you can make up gains instead of losses in trading.
Varies from trader to trader because we do have different capacities or capabilities when it comes to financial aspect and risk management levels which amount will really be in different figures. To know that there are several factors that would affect on making out our own position in the market.Thing here is that you should really be ending up profitable and dont tend to chase up losses or trying to make out some perfect trades because it cant really happen.Just really make yourself sustainable and that should really be target you had in mind.
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ice098
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February 21, 2021, 09:39:37 PM |
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Risk managing is the most important aspect of investing, this is of course true. But when it comes to cryptocurrencies or Bitcoin, it is very hard to manage risks. I survived through many shaky times in crypto. I remember how ERC20 trend affected Bitcoin in both good and bad ways. That's why I became conservative investor. I think best strategies to follow when investing Bitcoin is: 1. Do not think much, invest as much as you can afford to lose. 2. If you make some gains, always take some profits to ease your risk.
We always keep on telling that we must trade an amount that we are willing to lose or we are willing to take risk to lose. But i guess dealing with cryptocurrency was a more attracted than what we are expecting, we are expecting that we could smartly analyze the market so we can formulate a good risk management but i guess this is what a thing that sometimes aren't happen in reality because we are tend to do a things that wasn't align on the first plan because we have this mindset while we are on the process that this was the best thing to do rather than the one thaw was already planned.
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Julien_Olynpic
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February 22, 2021, 08:36:51 AM |
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It all depends on your strategy. First you need to determine which strategy you are following. Are you trading short term or long term? Are you more of a trader or more of an investor? What level of profit is sufficient for you to close the trade? Do you trade only one trading pair or a select few? Or do you trade any trading pairs? As for limiting the risk of 3-5% per trade, this is a very popular method. But what happens if you have a series of unsuccessful trades, each of which takes 5% off your deposit? If there are 10 unsuccessful deals in a row, then you will lose more than 50% of your deposit. What will you do next?
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justdimin
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February 22, 2021, 05:07:52 PM |
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It all depends on your strategy. First you need to determine which strategy you are following. Are you trading short term or long term? Are you more of a trader or more of an investor? What level of profit is sufficient for you to close the trade? Do you trade only one trading pair or a select few? Or do you trade any trading pairs? As for limiting the risk of 3-5% per trade, this is a very popular method. But what happens if you have a series of unsuccessful trades, each of which takes 5% off your deposit? If there are 10 unsuccessful deals in a row, then you will lose more than 50% of your deposit. What will you do next?
Not many people do that, it is really not that possible for many people to actually leave their emotions aside I suppose, they should 100% do those things but unfortunately they do not. I personally do exactly this, my goals are a bit dynamic because I do trailing stop loss so that if it goes up I just let it go up constantly, I do not like selling at certain point until it actually starts to fall, but always have a 10% stop loss ready at the peak so that I would be getting out with 10% missed profit but that's about it, nothing more to lose, and that helped me make thousands of dollars in profit, that is really a cool thing to do for me. Of course not everyone has a goal but everyone who starts trading should have at least a goal to make this much or that much in order to keep following that strategy otherwise they are just winging it and that is not a good way to trade.
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taufik123
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February 22, 2021, 05:58:34 PM |
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-snip- Of course not everyone has a goal but everyone who starts trading should have at least a goal to make this much or that much in order to keep following that strategy otherwise they are just winging it and that is not a good way to trade.
clear objectives and how the trading strategy to be carried out must be thought of first. Many people start trading without any preparation, they enter with their fillings without doing market analysis and what strategies will be used. This kind of trade carries a lot of risk. Risk management, financial management, psychology management need attention, because it will determine the success or failure of trading. It is better to earn little by little than to force it to get a bigger profit.
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