Respest your risks more than rewards

[Hamza2424]

Hey guys i just want to shear a little story of how my trade went today and what i learnt from it, i found a very good setup it followed all my plans and it looked like an A1 setup, it gave me necessary confirmations and it looked just right, so with me knowing this i entered the trade and i risked more than usual almost snout 50% with the desire to flip the account, but to my greatest surprise the trade didn't go as planed and i lost a lot, i got really angry not because i lost the trade but because of how much i risked on he trade and i now have it in mind that no matter how good the trade may look i will not risk more than my fixed percentage. i hope that this information will help traders out there as well to risk only fixed percentage and noting more than that.

Before opening the trade always check your reward and lose ratio because if you are risking $1000 to make $10 and the lose can be $100 then you was an idiot from the start I am not calling you an idiot but saying in a way that anyone can be.

We must respect this before starting a trade because it is a must. Without figuring this out first we can't even figure out our tps and sl so how can we be profitable from trading this way?

[ancafe]

The problem is, why be so hasty to exit the market after making a small profit, even though we have already experienced losses that may have outweighed those profits? I also acknowledge the difficulty of managing risk in trading, as it is inherently challenging. However, every trader needs to train themselves not to let their emotions escalate to the point of being unable to manage actions such as rushing to exit the market. However, some would also call it greed when a trader doesn't quickly take profits they've already made in the market.

That's what I mean when someone is involved in trading without having a plan and strategy, because under certain conditions, we have a plan for how to exit and exit the market. For example, if we always plan a loss limit of 30 percent, then automatically the profit must be much larger, such as 50 percent of the loss. Managing risk will improve when someone is more disciplined in trading, which can be achieved if a trader has a plan and strategy.

Limit the risk and maximize the profit according to the set percentage, then I am sure that trading will gradually improve and most importantly, don't be greedy because most people fail in trading because they are too greedy in making big and fast profits so that in the end there is no balance which is able to balance the process of losses and profits obtained.

[Fara Chan]

That's what I mean when someone is involved in trading without having a plan and strategy, because under certain conditions, we have a plan for how to exit and exit the market. For example, if we always plan a loss limit of 30 percent, then automatically the profit must be much larger, such as 50 percent of the loss. Managing risk will improve when someone is more disciplined in trading, which can be achieved if a trader has a plan and strategy.

Every trader hopes to consistently profit when trading, although it's always difficult to achieve profits every time because the market and the prices of the coins on it are always fluctuating. And it's certainly reasonable to expect profits higher than the percentage of losses because traders are reinvesting some money to increase the amount they've invested in the market, so 50% is actually quite a lot. But if the 50% you're referring to is half the amount of losses a trader can afford, then I think that's still not too much, although it's also not too bad for any trader to expect.

[bangjoe]

That's what I mean when someone is involved in trading without having a plan and strategy, because under certain conditions, we have a plan for how to exit and exit the market. For example, if we always plan a loss limit of 30 percent, then automatically the profit must be much larger, such as 50 percent of the loss. Managing risk will improve when someone is more disciplined in trading, which can be achieved if a trader has a plan and strategy.

Every trader hopes to consistently profit when trading, although it's always difficult to achieve profits every time because the market and the prices of the coins on it are always fluctuating. And it's certainly reasonable to expect profits higher than the percentage of losses because traders are reinvesting some money to increase the amount they've invested in the market, so 50% is actually quite a lot. But if the 50% you're referring to is half the amount of losses a trader can afford, then I think that's still not too much, although it's also not too bad for any trader to expect.

That hope will always be present and that is the goal in trading, but risking a 30% loss is too deep I personally will not take it and targeting a 50% profit is also not a good thing because every position must reach its target in trading is not like that, everything is dynamic and situational on price movements when you trade, we can project where the price support and resistance and you will take a position, of course you measure the loss and profit can be by looking at the indicator, meaning that it will not be round every position must take 50% profit, the loss that is tolerated is also better below 10% to anticipate your position continues so that you can take another position at the next opportunity.

[ancafe]

Every trader hopes to consistently profit when trading, although it's always difficult to achieve profits every time because the market and the prices of the coins on it are always fluctuating. And it's certainly reasonable to expect profits higher than the percentage of losses because traders are reinvesting some money to increase the amount they've invested in the market, so 50% is actually quite a lot. But if the 50% you're referring to is half the amount of losses a trader can afford, then I think that's still not too much, although it's also not too bad for any trader to expect.

That's the mistake. Not understanding that trading isn't always profitable actually affects their psychology. I used to think that way because by engaging in trading, I could achieve consistent profits every time I traded, but the reality was the opposite. Ultimately, this motivation didn't help me learn that trading isn't an easy activity to undertake without the necessary skills, especially regarding how to maximize potential losses and profits.

I don't think 50% is a large figure, since we set a 30% loss limit for every trade, so the profits should far outweigh the losses. I'm not sure how someone would approach day trading, as their target would likely be based on the amount of capital they're using. At the very least, the profit and loss percentages should be adjusted to reflect the capital available, or perhaps reduced to reflect the amount of loss they can afford.

[Wakate]

Before opening the trade always check your reward and lose ratio because if you are risking $1000 to make $10 and the lose can be $100 then you was an idiot from the start I am not calling you an idiot but saying in a way that anyone can be.

This is unnecessary for you to check your reward and lose ratio because checking will not determine winning for you.
Trading is not always predictable and that is why I have been very conscious when trading. You can still lose that trade after you have check for observed the market very well. You can lose that trade after you have checked your reward and lose ratio. Nothing is predictable in the market.

[Lannakosa]

That's the mistake. Not understanding that trading isn't always profitable actually affects their psychology. I used to think that way because by engaging in trading, I could achieve consistent profits every time I traded, but the reality was the opposite. Ultimately, this motivation didn't help me learn that trading isn't an easy activity to undertake without the necessary skills, especially regarding how to maximize potential losses and profits.

I don't think 50% is a large figure, since we set a 30% loss limit for every trade, so the profits should far outweigh the losses. I'm not sure how someone would approach day trading, as their target would likely be based on the amount of capital they're using. At the very least, the profit and loss percentages should be adjusted to reflect the capital available, or perhaps reduced to reflect the amount of loss they can afford.

It depends on the period over which you want to evaluate your trading profits. I wouldn't evaluate earnings weekly or even monthly, but quarterly periods work well for me. What I mean is that if you look at the results quarterly, the average result is roughly the same throughout the year. I also don't view trading as my primary source of income, because it's difficult for me to trade consistently, and it's also difficult to combine with my main business due to seasonality.

[alastantiger]

Hey guys i just want to shear a little story of how my trade went today and what i learnt from it, i found a very good setup it followed all my plans and it looked like an A1 setup, it gave me necessary confirmations and it looked just right, so with me knowing this i entered the trade and i risked more than usual almost snout 50% with the desire to flip the account, but to my greatest surprise the trade didn't go as planed and i lost a lot, i got really angry not because i lost the trade but because of how much i risked on he trade and i now have it in mind that no matter how good the trade may look i will not risk more than my fixed percentage. i hope that this information will help traders out there as well to risk only fixed percentage and noting more than that.

This kind of thing happens more often than people will like to admit. Sometimes a setup looks clean and perfect, but the market still does the opposite. Most times it is not even the loss that gets to you, it is knowing you risked more than you should have because you wanted more out of the trade. i have been in a couple myself and that mindset of trying to flip an account can quietly make you ignore your own rules. Experiences like that are a solid reminder why sticking to fixed risk matters, not matter how sure a trade looks. Protecting your capital and being patient will take you farther than chasing quick wins ever will.

[Bitcoin_people]

In both trading and investing, you should take risks according to a percentage so that you do not lose your entire money if you face a loss. Since you have taken a 50% risk, you have not lost your entire money. If you had taken a full risk, you would have lost your entire wealth. Every person has to work according to his plan. Taking risks is natural, but you should take too much and keep it under your control. Risk the amount of money you have with some percentage so that you can control yourself if you lose. Every person has to work according to his plan. If you lose your entire money, many people lose control, so it is reasonable to take risks according to a percentage. However, if you think about profit and risk all your money, then it can certainly be challenging if you face a loss. That is why in every case, trading and investing is to create a certain percentage, if you start according to a percentage, it will not be very risky.

[Joy- maker]

Most times what kills a lot of trader's out there is overconfidence, this set of trader's with overconfidence usually end up in big mess why because they totally ignore risk management, and want ahead to risk more than the fixt amount they have budgeted for each trade.
As a trader you don't have to be overconfidence while trading, Because no matter how good you are in trading, In analyzing the market you will still loose, and that's the fact.
The market always go the opposite side most times, that's why you most stick to your already made plans as a trader. Because immediately you go against your already made plans, and risk more than the amount you budgeted for each trade you are going to lose momentum. So instead of staying focus, your focus will diverted into chasing after your lost why because you have risk more than what you budgeted for each trade.

[Rubuchi]

Before opening the trade always check your reward and lose ratio because if you are risking $1000 to make $10 and the lose can be $100 then you was an idiot from the start I am not calling you an idiot but saying in a way that anyone can be.

This is unnecessary for you to check your reward and lose ratio because checking will not determine winning for you.
Trading is not always predictable and that is why I have been very conscious when trading. You can still lose that trade after you have check for observed the market very well. You can lose that trade after you have checked your reward and lose ratio. Nothing is predictable in the market.

I am feeling like this post have emotions attached to it and trading should not be about emotions and the thing is once you make trading an emotional thing you might not get what you wnsnt from it because you will not be driven by any objectives and only sentiments and when it does not Favour you you become unhappy an dissatisfied and probably complains instead of looking for the mistakes .

[AbuBhakar]

I am feeling like this post have emotions attached to it and trading should not be about emotions and the thing is once you make trading an emotional thing you might not get what you wnsnt from it because you will not be driven by any objectives and only sentiments and when it does not Favour you you become unhappy an dissatisfied and probably complains instead of looking for the mistakes .

In fact, learning involves making mistakes. How can you learn if you avoid making mistakes? What you probably need to do is learn how to control your emotions every time you lose a trade. Most people make mistakes because they want to get back to their losing trades right away, and they don't realize that they are losing more because of the wrong decisions they make because of emotions. Eventually, you will learn in the long run, just learn along with the lesson so that you can decide when is the right time to enter the market. In addition, you can also study a little. There are videos available online that you can watch for free so you can have a guide. There are also traders who will provide basic tutorials.

[Faisal2202]

Hey guys i just want to shear a little story of how my trade went today and what i learnt from it, i found a very good setup it followed all my plans and it looked like an A1 setup, it gave me necessary confirmations and it looked just right, so with me knowing this i entered the trade and i risked more than usual almost snout 50% with the desire to flip the account, but to my greatest surprise the trade didn't go as planed and i lost a lot, i got really angry not because i lost the trade but because of how much i risked on he trade and i now have it in mind that no matter how good the trade may look i will not risk more than my fixed percentage. i hope that this information will help traders out there as well to risk only fixed percentage and noting more than that.

sim_card is absolutely right because that might be overconfident or might be greed involved or you thought it was an obvious win and let the market fool you. I know this feelings because market did the same with me many times haha and I still don't learn it.

All we could do is stick with our plans because we think risking less is better than risking more, which indeed is a good mindset when we also have the knowledge of diversification.

Your plan to solve this issue for the next time is good one but it is not the best one imo, what will be the best one?

[Royal Cap]

Most times what kills a lot of trader's out there is overconfidence, this set of trader's with overconfidence usually end up in big mess why because they totally ignore risk management, and want ahead to risk more than the fixt amount they have budgeted for each trade.
As a trader you don't have to be overconfidence while trading, Because no matter how good you are in trading, In analyzing the market you will still loose, and that's the fact.
The market always go the opposite side most times, that's why you most stick to your already made plans as a trader. Because immediately you go against your already made plans, and risk more than the amount you budgeted for each trade you are going to lose momentum. So instead of staying focus, your focus will diverted into chasing after your lost why because you have risk more than what you budgeted for each trade.

For me, trading is a lot like fighting with myself. After winning a few trades, a false confidence creeps into my head that I have it all figured out. That's when people go beyond calculations and take risks. I've seen most of the losses come from this. The reality is that the market doesn't care about anyone. Even good traders lose, If you can't accept this people break their plans and get addicted to winning back the money they've lost. Then you can't keep your cool. In my opinion staying calm and sticking to your own rules is the only way to survive in trading.

[Hamza2424]

This is unnecessary for you to check your reward and lose ratio because checking will not determine winning for you.
Trading is not always predictable and that is why I have been very conscious when trading. You can still lose that trade after you have check for observed the market very well. You can lose that trade after you have checked your reward and lose ratio. Nothing is predictable in the market.

I am feeling like this post have emotions attached to it and trading should not be about emotions and the thing is once you make trading an emotional thing you might not get what you wnsnt from it because you will not be driven by any objectives and only sentiments and when it does not Favour you you become unhappy an dissatisfied and probably complains instead of looking for the mistakes .

Wakate, you did not understand a thing I said, I mean we must calculate how much money is on the risk when we are trading so even if worse happen, we would know what we are losing for how much profit. That's what I meant and you seem to go off road here haha.

Anyway, that happens and I hope this time you understand my point. It is necessary for everyone to calculate the risk they are taking for the trade because without that they can't be sure if it worth the risk.

[Uruhara]

Before opening the trade always check your reward and lose ratio because if you are risking $1000 to make $10 and the lose can be $100 then you was an idiot from the start I am not calling you an idiot but saying in a way that anyone can be.

We must respect this before starting a trade because it is a must. Without figuring this out first we can't even figure out our tps and sl so how can we be profitable from trading this way?

Exactly. And this is what we commonly refer to as risk management. Because from this, we can see whether the risk and potential profit are balanced or not. Or at what point we will set the appropriate stop loss and take profit. Everything must be adjusted to our ability to bear the risk of loss and also based on technical analysis of the price points at which we can set stop loss and take profit. Everything must be meticulously planned from the very beginning. Do not engage in trading without proper preparation, strategy, and a well-thought-out plan. Everything must be thoroughly analyzed and carefully arranged.

[passwordnow]

I am feeling like this post have emotions attached to it and trading should not be about emotions and the thing is once you make trading an emotional thing you might not get what you wnsnt from it because you will not be driven by any objectives and only sentiments and when it does not Favour you you become unhappy an dissatisfied and probably complains instead of looking for the mistakes .

We have to separate the emotions that we're having in trading. And that's because it will destroy the trades that we're doing if we're a disciplined guy as we trade. It's a common problem for so many traders that we are losing not because the market is dropping opposite to what we're expecting but, because of the emotions that we're applying and when they seem to be high. A very huge mistake that most traders have always encountered is that and we're not stopping whenever we're high in emotions because we're having a high ego with that.

[Jatiluhung]

For me, trading is a lot like fighting with myself. After winning a few trades, a false confidence creeps into my head that I have it all figured out. That's when people go beyond calculations and take risks. I've seen most of the losses come from this. The reality is that the market doesn't care about anyone. Even good traders lose, If you can't accept this people break their plans and get addicted to winning back the money they've lost. Then you can't keep your cool. In my opinion staying calm and sticking to your own rules is the only way to survive in trading.

But it seems quite common for us to feel a urge where, once we have made a big profit, we become more confident to re-enter the market and assume that trading is easy. However, those who are inexperienced will definitely be immediately tempted to re-enter the market. I have been there, and i even lost some of my profits. This is where maintaining a healthy trading mindset is crucial—keeping it within normal limits and avoiding over-trading, which only makes it harder to control our emotions. Sometimes we become too greedy or something like that. And what’s most important is sticking to the strategy and plan we’ve set. Discipline is always the key to a trader’s success.

[suzanne5223]

Hey guys i just want to shear a little story of how my trade went today and what i learnt from it, i found a very good setup it followed all my plans and it looked like an A1 setup, it gave me necessary confirmations and it looked just right, so with me knowing this i entered the trade and i risked more than usual almost snout 50% with the desire to flip the account,

That's not how to flip an account, and i believe it's a greedy decision because no matter how good your setup was, and the confirmation you sees the market maker can suprise with something else.
Having said that, according to my knowledge about trade. You can flip an account by taking another entry after you have taken one entry, and confirm the market follows your setup as you predicted.

but to my greatest surprise the trade didn't go as planed and i lost a lot, i got really angry not because i lost the trade but because of how much i risked on he trade and i now have it in mind that no matter how good the trade may look i will not risk more than my fixed percentage.

Yes. This is what you supose to do in the first place. However, it is good that you take the trade and also accept your mistake so you can learn from it.

[Strongkored]

Hey guys i just want to shear a little story of how my trade went today and what i learnt from it, i found a very good setup it followed all my plans and it looked like an A1 setup, it gave me necessary confirmations and it looked just right, so with me knowing this i entered the trade and i risked more than usual almost snout 50% with the desire to flip the account, but to my greatest surprise the trade didn't go as planed and i lost a lot, i got really angry not because i lost the trade but because of how much i risked on he trade and i now have it in mind that no matter how good the trade may look i will not risk more than my fixed percentage. i hope that this information will help traders out there as well to risk only fixed percentage and noting more than that.

Being consistent with what has been set is important, otherwise it will be difficult to sustain in trading.
Small profits may not be satisfying, but consistency will be better than large profits with larger capital losses, which are difficult to recover and will only disturb our mindset as traders.