Proper risk management?

[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.
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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.