Proper risk management?

[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.