Respest your risks more than rewards

[Y3shot]

Normally trading is about risk which you will definitely take risk to trade, you can escape the risk in trading but the most important thing is never to take some certain risk, I mean you have to respect risk like this, these are risk that you can't afford to lose. Their is no need to go into risk like this, that you are not really prepared to lose. Another risk that one needs not to make attempt of in trading is going into trading when you don't know what you are doing, just trying all in the name of luck.  Try risk you can afford to lose and risk that you have chances of winning.
 

[reagansimms]

Don't be so lulled by the grass far away that it looks so green that you forget about the useful grass that is around you. In trading, you need patience, caution and most importantly, don't be too greedy so that you risk more money than you can afford to lose.
There is no surefire strategy that guarantees success as desired, especially if you are not ready to bear the risk of losing most of your money when fluctuations occur. I usually trade with a limited amount of money or am prepared to accept any potential risks. It's just a matter of seeking excitement. Otherwise, I prefer to find a safe haven without greater risk.

[Z_MBFM]

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.

Overconfidence is not good in anything. When you have overconfidence, you will not hesitate to take big risks. So you should always keep your confidence level normal so that you do not encourage yourself to take big risks. Whether you are trading or gambling or any business, you should always take the amount of money that you can afford to lose. When you are too confident about something and take big risks that you cannot afford to lose, then you will have a very bad experience from here. Therefore, confidence and risk levels should always be kept normal.

[tvplus006]

Their is a way over risking plays in the mind of a trader that triggers his emotions to react negatively to any movement in the market, you will see him pulling out of a trade he should have won in a loss because the market was going against him, and once they pull out and re-entered it again in the opposite direction the market will start going reverse, it will now looks as if someone is monitoring them, but in reality their emotions is just messing everything up for them because they fails to risk what they can afford to lose.

This is because the entry point was incorrectly selected, which must be opened either at resistance or at support, depending on which position is opened short or long. In this case, the stop loss setting will not be far from the entry point, and accordingly, if the price moves in the opposite direction to your expectations, the loss will be minimal.

[Kelvinid]

Know the fact that if you don’t know how to manage risks, you will never gain rewards, but only series of mistakes and losses. But if you are aware on how to mitigate risks, rewards will also come into possibility. However, new traders do not see trading that way, but all they do is just pushing their trades to the highest level, even if it means losing all their funds due to greed and improper or no risk management at all.

Respect your risks, first and foremost, so that rewards will also find its way back to you.

[Awaklara]

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.

Sometimes, self-confidence can help us be optimistic in achieving the targets we plan. But sometimes, overconfidence can actually cause us to fall even deeper.
You are not alone. I am sure most traders have also had similar experiences. It is very good if we can all learn from our own experiences, but for those who have not experienced it, learning from others' experiences can help us in better trade planning.

[BigBos]

Their is a way over risking plays in the mind of a trader that triggers his emotions to react negatively to any movement in the market, you will see him pulling out of a trade he should have won in a loss because the market was going against him, and once they pull out and re-entered it again in the opposite direction the market will start going reverse, it will now looks as if someone is monitoring them, but in reality their emotions is just messing everything up for them because they fails to risk what they can afford to lose.

This is because the entry point was incorrectly selected, which must be opened either at resistance or at support, depending on which position is opened short or long. In this case, the stop loss setting will not be far from the entry point, and accordingly, if the price moves in the opposite direction to your expectations, the loss will be minimal.

The point where we will enter is very important because it will also determine the point where we will place a stop loss or take profit. It is not easy, but it is also not impossible when we analyze it in depth.

Because several times I felt the same thing, for example when the price touched the stop los point that I installed, the price immediately reversed so that I missed the opportunity to get profit.

[Josefjix]

Know the fact that if you don’t know how to manage risks, you will never gain rewards, but only series of mistakes and losses. But if you are aware on how to mitigate risks, rewards will also come into possibility. However, new traders do not see trading that way, but all they do is just pushing their trades to the highest level, even if it means losing all their funds due to greed and improper or no risk management at all.

Respect your risks, first and foremost, so that rewards will also find its way back to you.

I call this calculated risk and not just taking risk because it seems good to be true, such risk are meant to be painful if it doesn't go as planned from the first place.

Whether you like it or not, a trader must take risks to survive in the market, decisions that many people take today that seems rewarding is already a calculated risk that had been analayed by expect.

And those risks that haven't been analayed are also many, which often determined by newer investors to get a certain amount of rewards.

[atookz]

The principle of valuing risk over reward is the foundation of sustainable trading. By keeping risk under control, for example by risking only a small percentage of capital on each position, we not only protect our account from significant losses but also maintain emotional stability and long-term consistency. Occasional losses are part of the game, but discipline in managing risk is what separates the traders who survive from the ones who fail. You remind us that risk management is not just a theory but a key to survival and growth in the trading world.

[Keevoid]

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.

Risk management and patience form the backbone of consistent trading. No matter how perfect a setup looks, overconfidence often leads to unnecessary losses, and sometimes, that overconfidence is just greed in disguise. It’s something I learned early on: the line between being confident and being greedy is thinner than most people realize. That’s where proper risk management steps in; it acts as a filter, keeping emotions in check and forcing discipline when excitement tries to take over.

Anyways sorry about the loss, hope you learnt from it.

[The Cryptovator]

Sometimes, self-confidence can help us be optimistic in achieving the targets we plan. But sometimes, overconfidence can actually cause us to fall even deeper.
You are not alone. I am sure most traders have also had similar experiences. It is very good if we can all learn from our own experiences, but for those who have not experienced it, learning from others' experiences can help us in better trade planning.

You must have confidence when you are doing something, either trading or in real-life business. But what OP did isn't overconfident at all; I will say it's greediness. He takes a high risk with trading a big amount. He thought he would be rewarded with a higher return. But trading went wrong, and he lost a lot accordingly. So it's called greed; if he wants to make big profits, then he shouldn't invest a big amount. Definitely we must have confidence but shouldn't be greedy. We always should have a plan B during the trading.

Risk management is the most important in trading. If he trades with half of what he invested, then likely he could do DCA to reduce the losses. Instead, due to greediness, he invested a big amount at once and eventually learnt a lesson. Hope OP learnt how to manage the risk during trading. It's not so easy as we think.

[Ndabagi01]

Overconfidence can lead you to big loss because you will use more than the amount of money that you can afford to lose to trade. The market is volatile and you cannot be too confidence on your trading strategy which is the main reason why I don't like trading often because you will incur more losses than profit. I believe that you have learned from your mistakes.

Trading more often does not mean you’ll encounter losses, but when you’re greedy, you’ll encounter a lot of losses in your trading journey. The market is not perfect, just like how wee traders are not perfect also. The trading process is very robust and large, so over confidence is not in any way the best attribute of a successful trader.

Know how to manage your risk to reward ratio more. You as a successful trader doesn’t mean that you’ll always be winning in all trades, you’ll incur losses during the process but don’t falter at one loss and get dissatisfied. Trading is a continuous learning process, learn from your mistakes and develop more on your strategy.

[Alone055]

@OP, what's with your username? It says "bye bye BTC", and that sounds like a person who is or was against Bitcoin at some point. 

Anyway, coming back to the topic, the crypto market is full of surprises, and whenever we feel like we have now understood everything, and there is nothing that can stop us from making a lot of money from this market, that's when the market slaps us and reminds us about who is the boss around here. This has happened on a lot of occasions with me, not specifically the same thing, but a lot of times I used to think that a certain trade was going to work perfectly based on conditions and the market situation, but when I took the trade, the exact opposite would happen.

We often think that since the trade we are going to make doesn't have a high possibility of failure, we should go with a higher amount to maximize our profits, but that's the wrong thing to do, and now you've also understood this. We should always stay within the limit that we usually use to stay afloat. Don't let your greed cloud your vision.

[tvplus006]

The principle of valuing risk over reward is the foundation of sustainable trading. By keeping risk under control, for example by risking only a small percentage of capital on each position, we not only protect our account from significant losses but also maintain emotional stability and long-term consistency. ..

The primary task of a trader is to save his deposit, as only by learning how to save your money will you be able to make a profit from trading. For this reason, compliance with risk management is a priority for a trader, just like a good trading strategy.

[Findingnemo]

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.

How about mentioning the name of the bot or setup that you tried to use and hoping for the 50% chance?

If there is any service that claims they guarantee returns if someone subscribes to their feature, then it must be a scam and let the community know who they are instead of just telling the stories.

[Maslate]

Rewards do not happen by surprise, there’s a certain process before a trader hits its future rewards. And risk management should always comes first in the picture, where there is uncontrollable risk, losses will follow, not rewards. But if a trader perfectly exercise patience and good risk management, the outcome will gain rewards, while setting aside mistakes and losses.

However, not all traders practice risk management, the reason why most of them never get rewarded after their trade ends.

[Jody.Drummer]

Normally trading is about risk which you will definitely take risk to trade, you can escape the risk in trading but the most important thing is never to take some certain risk, I mean you have to respect risk like this, these are risk that you can't afford to lose. Their is no need to go into risk like this, that you are not really prepared to lose. Another risk that one needs not to make attempt of in trading is going into trading when you don't know what you are doing, just trying all in the name of luck.  Try risk you can afford to lose and risk that you have chances of winning.
 

Sometimes we need to take risks to achieve something better, but that doesn't mean everything has to be done that way. We need to first examine what we're doing and consider the risk-taking actions we're going to take. Don't just do it haphazardly and rely solely on luck, hoping things will work out. So, taking risks in trading is fine, but we should do our research first and ensure we're prepared for the risks that might arise if the results are disappointing. It's probably best to only take risks that we can afford; if we're beyond our means, it's best not to be reckless, as it could put pressure on us and lead to stress.

[OcTradism]

How about mentioning the name of the bot or setup that you tried to use and hoping for the 50% chance?

If there is any service that claims they guarantee returns if someone subscribes to their feature, then it must be a scam and let the community know who they are instead of just telling the stories.

Trading bots, copy trading bots are setup and use, stop by users individually so if you are a newbie trader, or undisciplined traders, you can not use trading bots well. Because trading bots depend on your bot setting up customization which can be different than other traders. Successful traders can use trading bots well because they understand about the market, trading knowledge, techniques and also the market psychology cycle well too.

They set up a trading bot with good parameters and trading strategy that works for them manually and by using the bot, they increase chance of success, decrease risk of failure by not ontime trading and lack of discipline. Nevertheless, trading bots can not get rid of zero knowledge, lack of discipline, and emotional decisions from traders.

Also the experienced traders will know risky times in the market, and turn of their trading bots, closing their trading positions and waiting for the storm to come.

[boyptc]

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.

Every trader needs to remember that.

We should only trade with the money that we can afford to lose. Because no matter how good you are as a trader, sometimes with small mistakes it will make you disappointed.

And as you've said, you've got become angry with that and that's a normal reaction when you have anticipated that you're going to be good at it because you've expected a lot from it.

[Gaza13]

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.

If you discover a new method that you find interesting, it's best not to trade with a large amount of money instead, proceed slowly with minimal capital. This allows you to realistically evaluate the method's effectiveness and allows you to feel and determine whether it's working. That's why we can rely on what you discover in trading, the method you discover isn't completely perfect. True perfection in trading comes from self confidence built through gradual experience, not from some instant formula you discover.