Proper risk management?

[Ararbermas]

Well this is it guys because today i would like to share this tool that can help us to have a proper risk management when it comes trading..

Its a free tool actually and it's called winrate.io

This tool can estimate our earnings and losses from trading by simulating trades based on winrate, fees, leverage etc.
This is a big help especially if your trading with leverage

Infact you can run your own strategy as well to see it if it's good or not.

See the image below..
60 wins 40 losess you still have an amazing winrate as long as you have a proper risk management..

[Oshosondy]

Thay can be helpful in trading, but emotion is very important aspect to face while trading. Risk management in this case can be helpful for people that are trading several coins at a time, this is common in forex trading. Since I have been trading cryptocurrencies, I noticed their price move in the same direction, I prefer to choose just one coin and which is bitcoin.

What I am trying to say is that risk management is beyond using app or any software that will calculate the percentage wining and losses, it is also about mindsets and emotions about opening and closing a trade at the appropriate time.

[tbct_mt2]

Well this is it guys because today i would like to share this tool that can help us to have a proper risk management when it comes trading..

Its a free tool actually and it's called winrate.io

This tool can estimate our earnings and losses from trading by simulating trades based on winrate, fees, leverage etc.
This is a big help especially if your trading with leverage

Infact you can run your own strategy as well to see it if it's good or not.

You can do back-test on Trading View as well if you can code script and have proper skills in trading. You can not code a good script which helps you to eliminate your emotion and get profit if you don't know which indicators to add into your bot, script.

Script, bot only is helpful because it works 24/7 and does not have emotion like human. No fear, no greed, it works based on indicators you set it up. You can not apply trading method in a successful bot and get same win rate. Because when you do it manually, you will be affected by emotion, fear, greed which in turn reduces your win rate generally.

[Slow death]

this is a very good result and I hope it stays that way, but on my journey I have been trading with longer periods of time, trading for 5 or 15 minutes does not help at all, on the contrary, it brings losses, in this cryptocurrency market just to make a profit and I need people to be patient and a little greedy. for example if the person is day trading bitcoin on a 5 or 15 minute chart and another person is trading a 4h chart or more or even daily, the person who is trading 4H on the same daily will have more profit as well At least that's what I've observed

[passwordnow]

It's a good tool but actual trading results really are varying from your situation on that particular time of trades. Your emotion can change which will be a matter of change for your decisions which also leads to a different result. These tools are helpful if you're consistent but even if you are, there's always an unexpected time that you're going to be inconsistent due to several factors that you haven't seen and noticed to come.

[24Kt]

It's a good tool but actual trading results really are varying from your situation on that particular time of trades. Your emotion can change which will be a matter of change for your decisions which also leads to a different result. These tools are helpful if you're consistent but even if you are, there's always an unexpected time that you're going to be inconsistent due to several factors that you haven't seen and noticed to come.

There's a disclaimer on the winrate's site about the possibility of getting different results when you trade live. So yes, the actual set-up may change as you also have other considerations that you need to include. Also, it will depend on the trading pair that you are going to use. And the variation can deviate during the actual trading. But maybe, for reference purposes this would do.

[Mr.right85]

From what is displayed on OP, it seems nice and works but, that's only because OP is already good at trading. Of course it would go quite well with the simulation trading as it could help build a strategy but, how is this really calculated I wonder? How are the values attained because, the know how is also important and it gives users some level of confidence about the figures that comes popping up on the display screen.

[passwordnow]

It's a good tool but actual trading results really are varying from your situation on that particular time of trades. Your emotion can change which will be a matter of change for your decisions which also leads to a different result. These tools are helpful if you're consistent but even if you are, there's always an unexpected time that you're going to be inconsistent due to several factors that you haven't seen and noticed to come.

There's a disclaimer on the winrate's site about the possibility of getting different results when you trade live. So yes, the actual set-up may change as you also have other considerations that you need to include. Also, it will depend on the trading pair that you are going to use. And the variation can deviate during the actual trading. But maybe, for reference purposes this would do.

There are traders and most likely the newbies, they won't read those disclaimers that are written on the tools like winrate. The belief that has made on their lives is that if there are tools like this.
It's a guaranteed win to them but they don't realize that until the actual trading setup is being done and they're experiencing both wins and losses.

[leea-1334]

this is a very good result and I hope it stays that way, but on my journey I have been trading with longer periods of time, trading for 5 or 15 minutes does not help at all, on the contrary, it brings losses, in this cryptocurrency market just to make a profit and I need people to be patient and a little greedy. for example if the person is day trading bitcoin on a 5 or 15 minute chart and another person is trading a 4h chart or more or even daily, the person who is trading 4H on the same daily will have more profit as well At least that's what I've observed

But should not trading be about not watching the screens all of the time and just spending time on charting and analysis,,, then going into the platform to make your orders and then leaving it to execute (or if using strategy with bot then just entering parameters into the bot).

I think the main issue with risk is that if you allow yourself to manage it, you cannot predict the levels of risk.

But allow a strategy to manage it,,, and you predict exactly your limits.

[palle11]

this is a very good result and I hope it stays that way, but on my journey I have been trading with longer periods of time, trading for 5 or 15 minutes does not help at all, on the contrary, it brings losses, in this cryptocurrency market just to make a profit and I need people to be patient and a little greedy. for example if the person is day trading bitcoin on a 5 or 15 minute chart and another person is trading a 4h chart or more or even daily, the person who is trading 4H on the same daily will have more profit as well At least that's what I've observed

Reacting to this based on your analysis on the time frame, I'm interested on the profit taking that you tied to time frame that the longer time frame, the higher the profit. I don't think this is right because time frame doesn't matter how much you can profit or lose. No, what I think that can relate to how much profit or lose can be made is risk management,risk appetite and your lot size. It is particularly the lot size that you trade with that will determine the amount of profit or loss but not time frame used.

[uchegod-21]

It's a good tool but actual trading results really are varying from your situation on that particular time of trades. Your emotion can change which will be a matter of change for your decisions which also leads to a different result. These tools are helpful if you're consistent but even if you are, there's always an unexpected time that you're going to be inconsistent due to several factors that you haven't seen and noticed to come.

You nailed it. Proper risk management is more of emotions control than using tools to simulate. Unless you are entering so many trades and you begin to use tools and you need to be consistent with one strategy to get results.
Risk management is what people often overlook in trading. Before I begin to use tools, I have already learnt how to manage my risk myself and control my emotions. To succeed in trading one needs to be patient, manage risk and be informed.

[passwordnow]

It's a good tool but actual trading results really are varying from your situation on that particular time of trades. Your emotion can change which will be a matter of change for your decisions which also leads to a different result. These tools are helpful if you're consistent but even if you are, there's always an unexpected time that you're going to be inconsistent due to several factors that you haven't seen and noticed to come.

You nailed it. Proper risk management is more of emotions control than using tools to simulate. Unless you are entering so many trades and you begin to use tools and you need to be consistent with one strategy to get results.
Risk management is what people often overlook in trading. Before I begin to use tools, I have already learnt how to manage my risk myself and control my emotions. To succeed in trading one needs to be patient, manage risk and be informed.

Patience plays a vital part in trading. As you assess and manage the risk, you're going to look for some things that will help you to get over your trade.
If it's helpful, why not? But if it's not then there's reason to use it. As for these tools, it will still rely on how you use it and good you are with decision making. Even with a tool but you're no good with those factors, your trades won't be productive, effective and profitable.

[carlfebz2]

Thay can be helpful in trading, but emotion is very important aspect to face while trading. Risk management in this case can be helpful for people that are trading several coins at a time, this is common in forex trading. Since I have been trading cryptocurrencies, I noticed their price move in the same direction, I prefer to choose just one coin and which is bitcoin.

What I am trying to say is that risk management is beyond using app or any software that will calculate the percentage wining and losses, it is also about mindsets and emotions about opening and closing a trade at the appropriate time.

Agree on this one because this is one of the factors that could really affect your overall strategy and also having these simulations wouldnt really be precise that it could be followed because the market do moves

randomly even how many times you would simulate such strategy but it wouldnt really be giving out any assurance that it would really be on the same outcome or result.
Risk management would be consist of finance and emotion or psychological aspects which you should need to look on.

[Doell]

I'm trying to understand the management strategy in that simulation platform software, it might work if the market is not bearish moment. But it also depends on other aspects related to impatient emotions is an important point in every trade, its difficult to control even if we already have any strategy.

[jrrsparkles]

Not really a very useful tool because we need to enter all the details manually which is possible for someone who trades few times a day but it is really possible to keep doing it after every trade? Which is kind of an Excel sheet in different interface nothing else better we can do this on our own and don't let a third party to know about our trade winning percentage details for free.

[maydna]

Perhaps, that can work best if the market situations have a good moving, but we know that the market can not be predicted easily, so that tool can not work all the time. We need to adjust our trading strategy time by time, and knowing the risk is important to know when to close the trading. But if you only want to check the rate of profit or loss, you can use that tool but do not use it seriously because you still need to analyze the market every time you trade. The result will be different from that tool.

[el kaka22]

DCA is always the best risk management that I have. I personally always put in some crypto every single month. Even when it is low or high, doesn't matter where it is and I end up making as much profit as I could from it and live with that.

There is really nothing wrong with buying bitcoin at 68k and there is nothing wrong with 38k neither, just buy wherever you can at all times and focus on growing your bitcoin holding. Why? Because, I believe that in the long run it will always go higher and higher which means that we are going to see the price reach to levels of 100k+ one day, even 200k+ one day and buying at these levels is a great idea. Sure, there are periods when it is lower and if you spent all of that money to buy at the bottom that would be great, but it would be even better if I bought it from 1 dollar each, I didn't so I do not dwell on that and keep doing what I know best.

[stompix]

See the image below..
60 wins 40 losess you still have an amazing winrate as long as you have a proper risk management..

Of course it will have an amazing winrate, you just used a 60 percent win.
That means if you're going to bet 10 times you're going to win 6 times and lose only 4 times, everyone will make money IF they could have this rate.
There is nothing magical in it or one huge discovery, that's how probabilities work.Now put 52% at that winning rate and you're going to see you lose money, on 50% starting with 100k you're losing around 10k in just 10 trades just because of the fees.

The problem in this simulation, how are you going to achieve a 60% win rate in trades in real life?

[BlackHatCoiner]

And how can you ensure that's your win rate? Sure, if you have 60% chances to win, you'll most likely win 60 out of 100 times. But, how can you measure it given that you don't know anything beyond a chart?

Also, if you could find a way to ensure profit, why would there be labor? Everyone would choose to trade. It's pretty obvious that there's a lot of uncertainty about the win rate. That's why some call it “gambling”.

[GreatArkansas]

Glad to see threads/posts about risk management.
For OP, how you will apply this to your trading? Just like when you start trading and start opening some trade positions?

I also believe that using risk: reward ratio is good here before entering any trades position, with that, you will identify your target price, stop loss, and there you can see your risk: reward ratio.

[taufik123]

DCA is always the best risk management that I have. I personally always put in some crypto every single month. Even when it is low or high, doesn't matter where it is and I end up making as much profit as I could from it and live with that.
-snip-

DCA is indeed an old strategy that can be applied by anyone and of course requires spare capital and the consistency of buying bitcoins every week or every time that has been determined. I also apply it, no matter what the price of bitcoin at the time.
Most importantly the targets to be achieved are clear and for the long term. Of course you have to use money that is not used for other purposes in the future.

[Peanutswar]

Always make a proper plan and trade management to yourself and analyze your mistakes and learnings to see if you are still making a progress or already doing badly with your trade. If you think you have already lost always back on the plan and set the drop loss and take profit we don't aim for the highest-earning we aim for the win rate or successful trade profit is profit no matter what happen.

[AicecreaME]

Thay can be helpful in trading, but emotion is very important aspect to face while trading. Risk management in this case can be helpful for people that are trading several coins at a time, this is common in forex trading. Since I have been trading cryptocurrencies, I noticed their price move in the same direction, I prefer to choose just one coin and which is bitcoin.

What I am trying to say is that risk management is beyond using app or any software that will calculate the percentage wining and losses, it is also about mindsets and emotions about opening and closing a trade at the appropriate time.

I agree.

Risk management should be properly consist of 100% discipline, because if your emotions overpowered your risk management plan, then it's all useless. Risk management plus emotion management is important, those two should always coexist with each other in order to increase your win rate in trading.

Also, stick to your plans, don't change it while you're making a trade, because usually that's the reason why most people lost most of their funds on trading instead of making profits.

[andriarto]

Thay can be helpful in trading, but emotion is very important aspect to face while trading. Risk management in this case can be helpful for people that are trading several coins at a time, this is common in forex trading. Since I have been trading cryptocurrencies, I noticed their price move in the same direction, I prefer to choose just one coin and which is bitcoin.

What I am trying to say is that risk management is beyond using app or any software that will calculate the percentage wining and losses, it is also about mindsets and emotions about opening and closing a trade at the appropriate time.

I agree.

Risk management should be properly consist of 100% discipline, because if your emotions overpowered your risk management plan, then it's all useless. Risk management plus emotion management is important, those two should always coexist with each other in order to increase your win rate in trading.

Also, stick to your plans, don't change it while you're making a trade, because usually that's the reason why most people lost most of their funds on trading instead of making profits.

at this stage I divide it into 3 levels, where emotional management holds a 50% success rate while money management is 30% and the last is strategy management is 20%. so we have to be disciplined towards these three in order to be successful in trading cryptocurrencies. and the most important thing is that we have to increase our experience by holding on to the three elements

[Jazzi Mahesh]

Forex risk management enables you to implement a set of rules and measures to ensure that any negative effects of forex trading are manageable. An effective strategy requires proper planning from the start, as it is best to have a risk management plan in place before you actually start trading.

[South Park]

Thay can be helpful in trading, but emotion is very important aspect to face while trading. Risk management in this case can be helpful for people that are trading several coins at a time, this is common in forex trading. Since I have been trading cryptocurrencies, I noticed their price move in the same direction, I prefer to choose just one coin and which is bitcoin.

What I am trying to say is that risk management is beyond using app or any software that will calculate the percentage wining and losses, it is also about mindsets and emotions about opening and closing a trade at the appropriate time.

I think the opposite, risk management should be about the strategy and the math behind it and nothing more, if you involve your emotions then you are going to deviate from the best possible choice available to you, as it is easy to make a trade and then when the market does not react in the way you went then you decide to ignore the warnings of your system due to your emotions and keep holding your position hoping for a reversal of the trend, a reversal that never comes and as such you lose a massive amount of money because of it.

[FanEagle]

The best strategy to handle your risk is to never go all in at anything at all. It is really risky to do it and unfortunately there are too many people who end up investing into something that is a lot of risks involved and I do not know why they are doing it.

I mean it is something fine, it is not really that bad but at the same time it is not really that much of a great situation if you could just divide it into multiple things. Sure you will not make a ton of money, but you could at least make a bit of money with it. That is why I am trying to do my best with it right now, it is just a lot better at the current stage to not just go all in and risk it. This will make you earn less, but lose less as well.

[teosanru]

You think you need a tool for it? Something as simple as a spreadsheet on excel can help you calculate this, but the problem is execution and Risk to Reward ratios, if you keep a Risk-Reward of more than 1:1, the probability of making 60% profitable trades go way down than you expect, chances are you won't be able to get even 40% profitable trades, but the key is to play with momentum and get at least more than 50% profitable trades. But the problem which people suffer is that they let their bad trades flow and stop their profitable trades much before it hits the target which they had planned.

[Smartvirus]

The best strategy to handle your risk is to never go all in at anything at all. It is really risky to do it and unfortunately there are too many people who end up investing into something that is a lot of risks involved and I do not know why they are doing it.

When nothing is reassuring and there is no telling of what is or could be said to be on point for any trade or analysis, its difficult not to go all in and that is make it any wrong. Some users might view going all in to be limited to putting out all your funds in a particular trade but, that isnt what it is limited to. Scattering your portfolio on other commodities as well while trading (I mean: taking trades on varying commodities) could also be seen as going all in. Should they all go down, you go down with it  and it's a possibility.
So, in taking trades, you've you've yo give yourself time for your running trades to be done or oevr and then, you could ho again for the same commodity or a different one.

[TheEconomists]

Is this a trading bot if I may ask you please. Am yet to visit the link to the site you provided above. From what I believe trading Bot is another way of enriching the owners because they make more money from subscription more than if they were to trade with the acclaimed BOT. I have tried one before and I discovered that it is just a waisting of time and money.

[rby]

Is this a trading bot if I may ask you please. Am yet to visit the link to the site you provided above. From what I believe trading Bot is another way of enriching the owners because they make more money from subscription more than if they were to trade with the acclaimed BOT. I have tried one before and I discovered that it is just a waisting of time and money.

I have heard some horrible experience with trading bots. First it was my friend, later it became me in a different way but still with bots. At some time it will work fine, but at a different time it will cause a financial disaster. From OP statement it is not a bot, but if it's a bot, maybe I can say good luck to the people involved. Proper risk management can be done without a bot.

[Rengga Jati]

As long as the tool can help us to make good risk management, it will be helpful. But we must also note that we may not only depend on the tool. This only helps us. As long as we know exactly how to use the tool and also how to utilize the maximum benefits, it is good enough.
There are also some other factors to determine, moreover in managing the risks, because sometimes, the market situation may also change unpredictably. Therefore, the management of risk may be also changed along the way. The way we make any decision may be also influenced by our current emotions and codnition. This sometimes felt very hard to amange.

[palle11]

I also believe that using risk: reward ratio is good here before entering any trades position, with that, you will identify your target price, stop loss, and there you can see your risk: reward ratio.

Yes risk reward ratio is good for trade. That is part of risk management. Risk reward help us to know how much we are risking in a trade and how much we have plus what we are profiting and like you have rightly mentioned , stop loss is important to every trade we enter. To have a good risk management, we have to always remember to trade using stop loss.

[jhonjhon]

Always make a proper plan and trade management to yourself and analyze your mistakes and learnings to see if you are still making a progress or already doing badly with your trade. If you think you have already lost always back on the plan and set the drop loss and take profit we don't aim for the highest-earning we aim for the win rate or successful trade profit is profit no matter what happen.

Thats true.Trading well is all that matters. You stayed within your rules. Think about what you want,not about what you dont want.

Risk management enables you to implement a set of rules
and measure to ensure any negative impact on your trades.An effective strategy require proper planning,including risk management.Thats why it is advisable for beginners/young investors to seek proper guidance from an expert before trading in order for them to avoid losses when trading.

[Viscore]

One of the first thing you'll learn when learning to trade profitably is risk management. This is one of the fundamental key for anyone starting out with trading. Must know and must respect.

Most beginners forget the importance of risk management. They just hop in the market and making losses. They let their emotions lead, without knowing that they already have lose everything (money).Trading as a beginner without proper skills and guide can be very risky.Thats why it is important to make an adequate research. Get an expert and seek some advice before trading.Take your time and success will come. Happy trading

[Flexystar]

I am not sure what is the principle behind the strategy but the numbers are good. If this ratio is maintained for every trading cycle then I am pretty sure we can earn optimum amount of profits but then again it depends on our intellect. I mean our actions are always matters in the trading whether we take help of trading bot, algos and whatever automated process it is. The manipulation is very high risk step in the trading. I don’t really believe in the automated trading. I’m like, plotting the graphs, theories and projected movements. But surely for those who want to have quick but risky bets then this is the best option.

[rhomelmabini]

Most beginners forget the importance of risk management. They just hop in the market and making losses. They let their emotions lead, without knowing that they already have lose everything (money).Trading as a beginner without proper skills and guide can be very risky.Thats why it is important to make an adequate research. Get an expert and seek some advice before trading.Take your time and success will come. Happy trading

Most newbies are too excited to test both of their two feets on the water in trading, they don't know the risks as well as managing it. Without proper knowledge they will surely sank and it's a devastating especially if you're new and all your balance was burned.

Getting an expert especially a paid one isn't the best choice to have but you can always do your own research until you are educated enough to do the trading.

[palle11]

Getting an expert especially a paid one isn't the best choice to have but you can always do your own research until you are educated enough to do the trading.

Getting a paid person to teach you trading will not help or it has not helped many traders. From the testimonials of traders, they have mostly learnt from close friends and afterwards doing personal research and struggle through it. A paid teacher is far from you and they won't give you secret that they have learnt overtime, it is better to learn from someone close and teach yourself, make your mistakes with little amount and be better.

[rhomelmabini]

Getting an expert especially a paid one isn't the best choice to have but you can always do your own research until you are educated enough to do the trading.

Getting a paid person to teach you trading will not help or it has not helped many traders. From the testimonials of traders, they have mostly learnt from close friends and afterwards doing personal research and struggle through it. A paid teacher is far from you and they won't give you secret that they have learnt overtime, it is better to learn from someone close and teach yourself, make your mistakes with little amount and be better.

A paid person is rare but if you found a patient one and as really knowledgeable on such niche then best to keep it. I haven't learn from close friends but most was from acquaintances online. There are fine paid experts/teachers but you can only find them on best platforms, can't say for sure if they are really since I mostly learn by myself but I've been on hell just tbh.

[nurilham]

I hope this is as good as it says and can help traders to manage assets well. Managing assets is not that easy, we have to be able to control our emotions so as not to be affected by this unpredictable crypto market and it is hoped that this will help traders to be able to manage in order to earn profits and avoid losses. Actually, we also have to keep using the strategies we have, it's just that this feature is expected to help us to be better at trading. but if you feel that your skills and experience are enough to trade then it's up to you to use this feature or not.

[Shasha80]

I hope this is as good as it says and can help traders to manage assets well. Managing assets is not that easy, we have to be able to control our emotions so as not to be affected by this unpredictable crypto market and it is hoped that this will help traders to be able to manage in order to earn profits and avoid losses. Actually, we also have to keep using the strategies we have, it's just that this feature is expected to help us to be better at trading. but if you feel that your skills and experience are enough to trade then it's up to you to use this feature or not.

Because being a successful trader is not easy, there are many things we must do and one of them is how to manage risk well. To do that is not easy,
apart from having knowledge, we must also have experience. So if there is a tool or feature that can help manage risk appropriately, why don't we try
to use it. So we can minimize the occurrence of losses, indeed for some people there are those who have good trading skills, so without the help of
tools or features they are able to make a profit, then it becomes their right not to use any help. Because in the end everyone has their own way of
making a profit, just do what we think is good. We don't need to follow what other people do, because sometimes other people's decisions are
not necessarily good for us.

[agustina2]

Its a free tool actually and it's called winrate.io

This tool can estimate our earnings and losses from trading by simulating trades based on winrate, fees, leverage etc.
This is a big help especially if your trading with leverage

Infact you can run your own strategy as well to see it if it's good or not.

What an awesome application you have shared. Newbies will definitely like the idea of using that tool.

It's a good simulator to somehow understand the result of our future actions.

In that way, we can form a strategy on how properly manage our risk.

Thanks for sharing it here.

[worle1bm]

Good to share that tool and we can definitely use it but we can't completely rely on it as market needs immediate reactions and what we think at that time will determine our profit/loss at the end.When the market start dumping due to some immediate effect we need to console ourselves and put together our mind and emotions to decide what to do.But yes using as many tools to enhance the trading strategies is good and mixtures of them can give better results.

[tvplus006]

Because being a successful trader is not easy, there are many things we must do and one of them is how to manage risk well. To do that is not easy...

Risk management, even in case of unsuccessful trading, will help to keep your deposit for a long time. But the profit in this case will be small in relation to the deposit. It is for this reason that many newcomers do not follow the risks, hoping to quickly increase their deposit. And accordingly, they quickly lose their deposit.

[crzy]

Monitoring your activities is always a good one, and you should always know when to stop even if you still have the capital left. Thanks for sharing this tools to easily monitor your wins and losses, this can be a big help if you do this correctly. Though, you can’t fully depend on this better to setup everything before you start trading or even in gambling, and commit to that so you can avoid further losses.

[Mpamaegbu]

There are traders and most likely the newbies, they won't read those disclaimers that are written on the tools like winrate.

Most people, on seeing the win rate, will go all out and blindly plunge into its use. I don't rely on automated programmes or scripts for trading. I like to do whatever trading I'm doing manually. Traders should also realize that loss is a part of winning. You can't claim you're a profitable trader without showing times you lost. It's never possible. It's the same thing that happens in the military when they say, "There's no Major without a mark."

I don't know how long OP has been trading but I will tell them never to be carried away with whatever little success they're enjoying now.

[JooBra]

Monitoring your activities is always a good one, and you should always know when to stop even if you still have the capital left. Thanks for sharing this tools to easily monitor your wins and losses, this can be a big help if you do this correctly. Though, you can’t fully depend on this better to setup everything before you start trading or even in gambling, and commit to that so you can avoid further losses.

Even with all this there is needed a lot of strong mind to stick to it. Just sticking to it can separate you from loser or winner.

[Mahanton]

Monitoring your activities is always a good one, and you should always know when to stop even if you still have the capital left. Thanks for sharing this tools to easily monitor your wins and losses, this can be a big help if you do this correctly. Though, you can’t fully depend on this better to setup everything before you start trading or even in gambling, and commit to that so you can avoid further losses.

Even with all this there is needed a lot of strong mind to stick to it. Just sticking to it can separate you from loser or winner.

Having a strong mind
Having a good control of your emotion
Having a good discipline
Having a self-control on various situations

You would able to make yourself sustain on this market even though it wouldnt really be that simple but at least you should
consider out these factors and you would really need it.

[South Park]

Most beginners forget the importance of risk management. They just hop in the market and making losses. They let their emotions lead, without knowing that they already have lose everything (money).Trading as a beginner without proper skills and guide can be very risky.Thats why it is important to make an adequate research. Get an expert and seek some advice before trading.Take your time and success will come. Happy trading

Most newbies are too excited to test both of their two feets on the water in trading, they don't know the risks as well as managing it. Without proper knowledge they will surely sank and it's a devastating especially if you're new and all your balance was burned.

Getting an expert especially a paid one isn't the best choice to have but you can always do your own research until you are educated enough to do the trading.

This is why the first thing that newbies need to learn when they come to this market is not how to make money but how to avoid losing it, and for that they need a good money management strategy, this is not really sexy which is why many people are not really interested in this, however I would venture to say that it is probably the most important skill you can have in any market, as someone without it has no chance to become successful, while someone that has only mastered money management strategies can still become profitable even if they do not know anything else about the markets.

[taufik123]

Having a strong mind
Having a good control of your emotion
Having a good discipline
Having a self-control on various situations

You would able to make yourself sustain on this market even though it wouldnt really be that simple but at least you should
consider out these factors and you would really need it.

Some of the factors you mention include psychological control or psychological management. this is about the mind, emotional control, discipline and control. It is not easy to be able to apply all these factors, there will be some mistakes that can be made. we can only anticipate it. Good risk management can be applied by paying attention to every step that will be taken when trading. also supported by good capital management so as not to cause problems that will have a bad effect on trading.

[dimonstration]

Having a strong mind
Having a good control of your emotion
Having a good discipline
Having a self-control on various situations

You would able to make yourself sustain on this market even though it wouldnt really be that simple but at least you should
consider out these factors and you would really need it.

Some of the factors you mention include psychological control or psychological management. this is about the mind, emotional control, discipline and control. It is not easy to be able to apply all these factors, there will be some mistakes that can be made. we can only anticipate it. Good risk management can be applied by paying attention to every step that will be taken when trading. also supported by good capital management so as not to cause problems that will have a bad effect on trading.

Things will be easy if you have a rule book as your guide on trading. Most of professional traders have this kind of tools so that they can stick to the plan no matter what will happened on the price. Pro traders don't trade with emotion but rather they will set everything such as stop loss and target take profit by the time they open an order. I don't see any pro traders that always watching by the time thy open position but rather they this before they open position to make sure there will be no problem.

[jostorres]

This tool can estimate our earnings and losses from trading by simulating trades based on winrate, fees, leverage etc.
This is a big help especially if your trading with leverage

Simulators are not new things to this crypto trading community and all the simulators are always known for evaluating the effectiveness of our trading strategy which includes risk management and accuracy of entry/exit signals. Back-testing is the simple method all the simulators are making use to evaluate our strategy and not sure about what kind of methodology is incorporated in this particular app.

Infact you can run your own strategy as well to see it if it's good or not.

These days advanced trading portals are providing back testing features after MT4 and MT5 trading portals are pioneer on this. Still, I always suggest to go for live market testing even I am not against back testing as today's market may not be similar to yesterday's.

[pawanjain]

Well this is it guys because today i would like to share this tool that can help us to have a proper risk management when it comes trading..

Its a free tool actually and it's called winrate.io

This tool can estimate our earnings and losses from trading by simulating trades based on winrate, fees, leverage etc.
This is a big help especially if your trading with leverage

Infact you can run your own strategy as well to see it if it's good or not.

See the image below..
60 wins 40 losess you still have an amazing winrate as long as you have a proper risk management..
snip

It seems like I have seen this tool on some other post as well but really never used it. Thanks for sharing as it will help many others.
Risk management is one of the most important concepts of effective trading. With proper risk management we can save ourselves from huge losses.
We can even say that the first thing we need to learn while trading is risk management.
I might start using this tool to see how effective it is.

[Ziskinberg]

Things will be easy if you have a rule book as your guide on trading. Most of professional traders have this kind of tools so that they can stick to the plan no matter what will happened on the price. Pro traders don't trade with emotion but rather they will set everything such as stop loss and target take profit by the time they open an order. I don't see any pro traders that always watching by the time thy open position but rather they this before they open position to make sure there will be no problem.

In general, pro traders knows how to control their emotions and perform their plan according to what is written in their book. They are too consistent and that is why we could see that they will succeed. Thus, if we can do the proper management of our trades, I think we can minimize the risk and this is what I pictured out how these pro traders work in life. They buy coins at a cheaper price and they also sell them at a profitable price.

[taufik123]

Things will be easy if you have a rule book as your guide on trading. Most of professional traders have this kind of tools so that they can stick to the plan no matter what will happened on the price. Pro traders don't trade with emotion but rather they will set everything such as stop loss and target take profit by the time they open an order. I don't see any pro traders that always watching by the time thy open position but rather they this before they open position to make sure there will be no problem.

Pro traders do have some guidelines or rules that they should never break. But it's not easy to really stick to a written strategy if psychology can't be controlled. Even ProTrader still has psychological problems which will certainly have an impact on trading. and the important point is capital reserves and capital management. Trading will be calm and according to the rules if there is a capital reserve to buy at a dip price.
The use of stop loss and profit targets can be very helpful.

[JooBra]

Things will be easy if you have a rule book as your guide on trading. Most of professional traders have this kind of tools so that they can stick to the plan no matter what will happened on the price. Pro traders don't trade with emotion but rather they will set everything such as stop loss and target take profit by the time they open an order. I don't see any pro traders that always watching by the time thy open position but rather they this before they open position to make sure there will be no problem.

Pro traders do have some guidelines or rules that they should never break. But it's not easy to really stick to a written strategy if psychology can't be controlled. Even TYrade pro still has psychological problems which will certainly have an impact on trading. and the important point is capital reserves and capital management. Trading will be calm and according to the rules if there is a capital reserve to buy at a dip price.
The use of stop loss and profit targets can be very helpful.

I think strategy and tools develops with time like the market. You need to be on top of the game non stop to be in profit. And controlling emotions is a must to be succesfull.

[sumant]

In crypto risk in trading is big thing to manage. As I understand emotional person can not control risk because emotions does full time job in our body, one trading going down or up millions of emotions going throughout. Control emotions. Next thing is not in hurry to buy anything means out of market is safe place. Third is play on big players like BTC, Eth, BSC etc to minimize risk. Forth is not put all money at one place you will always get loss. Trading is very simple in looking but very hard in doing specially cryptocurrencies.

[taufik123]

I think strategy and tools develops with time like the market. You need to be on top of the game non stop to be in profit. And controlling emotions is a must to be succesfull.

Trading strategies and tools do develop over time and will be more helpful in trading. but it is also balanced with the understanding and knowledge of its users. It's useless to use the latest tools and strategies if you can't use them to their full potential. Trading will not always be profitable, there will be times to experience losses. Emotional regulation is a must, but there will be a threshold.

[Hamphser]

I think strategy and tools develops with time like the market. You need to be on top of the game non stop to be in profit. And controlling emotions is a must to be succesfull.

Trading strategies and tools do develop over time and will be more helpful in trading. but it is also balanced with the understanding and knowledge of its users. It's useless to use the latest tools and strategies if you can't use them to their full potential. Trading will not always be profitable, there will be times to experience losses. Emotional regulation is a must, but there will be a threshold.

Emotional
Psychological
Intellectual
Intuition

These are things that you do need to handle even though these are just add ups aside from technical and fundamental but these
factors are really that much crucial for you on becoming a good trader.Risk management is a must so that you could really able to
sustain this unpredictable market.

[Captain Corporate]

 Mastering those three does take a long time. If you are not good at it at first, or even after a year or two, do not be worried. People may see your message and think that you need have all three locked down before they could be a good trader, but that is not the case, you can still be a good trader without being masters on all of those. The only difference is, if you managed to master them, then you REALLY do become a great one, like unbelievable one. So they are very important, they are the decider between "this is my full-time job now" versus "I am making money from it", and anyone who has been involved knows the difference between the two.

[sana54210]

Pro traders do have some guidelines or rules that they should never break. But it's not easy to really stick to a written strategy if psychology can't be controlled. Even ProTrader still has psychological problems which will certainly have an impact on trading. and the important point is capital reserves and capital management. Trading will be calm and according to the rules if there is a capital reserve to buy at a dip price.
The use of stop loss and profit targets can be very helpful.

I do not think that professional traders have that much psychological problems as you may think. I mean of course they do, a bit, but that is very tiny and doesn't change it too much. I have seen people trading with hundreds of millions of dollars per day and they were not really that much worried about it, they do not consider it as big money but more like game money, it is just their job.

So, when it comes to making decisions, they do not feel like they should be doing anything different because of something changing or losing money or winning money or anything. They just look at it as numbers, like some high score in a game and try to beat their own previous high score and play very well.

[taufik123]

-snip-

A little or a lot it will still affect trading. Professional people already have a lot of experience and they know what to do when the market is not going well. they also have a lot of capital reserves so they can manage it well.
those who are professionals and have orders of hundreds of millions of dollars can be called Whales, they certainly have the power to manipulate the market and play with other people's psychology. We as small traders just need to follow them and don't go against the flow.

[Fatunad]

 Mastering those three does take a long time. If you are not good at it at first, or even after a year or two, do not be worried. People may see your message and think that you need have all three locked down before they could be a good trader, but that is not the case, you can still be a good trader without being masters on all of those. The only difference is, if you managed to master them, then you REALLY do become a great one, like unbelievable one. So they are very important, they are the decider between "this is my full-time job now" versus "I am making money from it", and anyone who has been involved knows the difference between the two.

It would really be a long time and this is something that you couldnt able to get it out within few months or even on a year later which means that developing these risk management skills wont be simply but also
not impossible for you to commit out so it would really vary.Risk management is crucial when it comes to investment because it do matter on how you do handle out decisions whether you do take profits
or would be basically buying out coins depending on the opportunity that you are seeing.

[bitgolden]

It would really be a long time and this is something that you couldnt able to get it out within few months or even on a year later which means that developing these risk management skills wont be simply but also
not impossible for you to commit out so it would really vary.Risk management is crucial when it comes to investment because it do matter on how you do handle out decisions whether you do take profits
or would be basically buying out coins depending on the opportunity that you are seeing.

There are things out there people say you could master with 10 thousand hours of doing it. Like for example, if you want to learn how to play the piano, you won't be good on your first ever hour, you will just learn what the notes means, but on your 10th thousand hour, you will be playing mozart like it is back of your hand without a problem, obviously there will be other people who are better than you, but you won't suck and you will be great at it, maybe even make money from it.

For some reason, people think that trading is different, like somehow you could spend maybe maximum of 100 hours and suddenly be great at it. It is no different than piano, on your first hour of trading, you won't even trade and just learn the terms but on your 10th thousand one you will be trading leverage in minute candlesticks and making profit.

[Cling18]

Thay can be helpful in trading, but emotion is very important aspect to face while trading. Risk management in this case can be helpful for people that are trading several coins at a time, this is common in forex trading. Since I have been trading cryptocurrencies, I noticed their price move in the same direction, I prefer to choose just one coin and which is bitcoin.

What I am trying to say is that risk management is beyond using app or any software that will calculate the percentage wining and losses, it is also about mindsets and emotions about opening and closing a trade at the appropriate time.

It will surely be a big help, especially to those who are having a hard time managing their funds. It will be a big help for us to handle our trading journey appropriately but yes, handling our emotions would also be pur first priority since that will have a huge impact on our trading life. Managing and handling all the aspects that affect our trading journey is an advantage for us to gain the profit that we want without panicking no matter what the market situation is.

[South Park]

In crypto risk in trading is big thing to manage. As I understand emotional person can not control risk because emotions does full time job in our body, one trading going down or up millions of emotions going throughout. Control emotions. Next thing is not in hurry to buy anything means out of market is safe place. Third is play on big players like BTC, Eth, BSC etc to minimize risk. Forth is not put all money at one place you will always get loss. Trading is very simple in looking but very hard in doing specially cryptocurrencies.

That is by far the biggest problem that newbies have with this market, in theory trading is an activity that is incredibly simple, the only thing you need to do to earn a fortune in the markets is to buy a coin at a cheap price and then sell it for an higher price, nothing could sound easier than that, however since everyone is striving to achieve the same goal then this means that the markets are extremely competitive and any edge no matter how small can mean the difference between becoming a winning trader or a losing one, which is why we need to strive to learn as much as we can before we even enter the markets.

[tvplus006]

...60 wins 40 losess you still have an amazing winrate as long as you have a proper risk management..

In this case, it is a good result that the number of profitable trades is greater than the number of unprofitable ones. But as I understand it, losing trades are not limited to stop loss, so the loss is comparable in size to profitable trades. It would be better if they had a lower value compared to profitable trades.