Respest your risks more than rewards

[TheUltraElite]

I would be great if the OP shared some pictures of the details of the trades involved in this.

Why you considered this as the "A1 setup" and what price you entered at, it will help the others reading get a better understanding of the mistakes committed by fellow traders so that they dont replicate the same.

There are people who continue making the same mistake, that should not happen.

[michellee]

You risk more than you can afford so when you lose in trading, you get really angry. If you stay with less than 50% or use usual amounts, you will not be angry but will accept it. Sometimes our trading can change unexpectedly so we need to be ready for that and minimize the risk.

The market can move against your prediction anytime so you need to know how to minimize the bigger risks. You have your lesson so you don't repeat it. Trading will involves risks so we don't have to push ourselves to use bigger amount.

[Arenga pinnata]

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.

In this case, it seems that you have become overly confident in your analysis and strategy. And because of that, you have lost control of your emotions. You have become a little greedy and want to get more profit than usual by using more capital than usual. I might say that you have violated your own emotional management and risk management principles. However, I have also experienced this kind of loss of control, not just once but several times. As a result, I have learned a lot from these experiences and have not repeated such mistakes again.

The key is to remain disciplined and continue using proper risk management to avoid significant losses. And keep your emotions stable with good emotional management. And actually, the most difficult part is emotional management.

[dunfida]

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.

In this case, it seems that you have become overly confident in your analysis and strategy. And because of that, you have lost control of your emotions. You have become a little greedy and want to get more profit than usual by using more capital than usual. I might say that you have violated your own emotional management and risk management principles. However, I have also experienced this kind of loss of control, not just once but several times. As a result, I have learned a lot from these experiences and have not repeated such mistakes again.

The key is to remain disciplined and continue using proper risk management to avoid significant losses. And keep your emotions stable with good emotional management. And actually, the most difficult part is emotional management.

Every trader faces at one point you saw everything lining up perfectly and your confidence made you increase your risk but that’s the exact moment the market humbles us it’s not the loss itself that hurts but realizing you broke your own rule risking half your account even on an a1 setup can easily wipe out days or weeks of progress.

The best takeaway from this is understanding that no trade no matter how perfect deserves more risk than your plan allows sticking to a fixed percentage keeps you alive in the game it prevents one bad trade from destroying your account and your mindset discipline in trading is not about avoiding losses but managing them before they get out of hand. It’s also good that you reflected on your emotions because emotional management is where most traders fail when you can control greed frustration and the urge to overtrade you’ve already won half the battle the next time you see another perfect setup just remember that it’s better to miss a huge win than to blow up an account trying to force one.

[Gaza13]

You loss because you were not conscious on your trade. You were not focusing on the trade. If you were focused on the trade you would have stopped it when it was at the lossing side in the trade. If you would have used the two most important element of trading which are stop loss and take profit, you wouldn't loss the trade but you were having the confident that, you would have a big profit because the amount you used was big. Trading is not like that. You can lose $20,0000 within a second.

It is impossible for people who transact not to realize what they are doing, if I look at Op it is not that he is not focused. I saw in their experiments that they succeeded in getting rewards from the knowledge they had. And in the next experiment, Op was too confident in his abilities and they increased the portion composition from the usual to 50%. This is where the mistake lies, not everything you know can work well, it is true that you should enter with a small amount of funds and while you learn to understand the market, in my opinion this is much better than being reckless by adding more funds than before. I guess it should be, they understand the elements you mentioned,  If they play trading without using this, I am sure they will definitely experience losses.

[Inwestour]

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.

In every trade, you must use a stop loss, no matter how high or low the risks for that trade are, stops should always be used. As for risks relative to the deposit, it is not very clear, because the trading deposit is only a part of the funds we have, and everyone decides for themselves how much they want to put into the deposit for trading. Often I can use the entire deposit for a single trade, but at the same time I control it and do not allow it to incur large losses.

[tvplus006]

...Why you considered this as the "A1 setup" and what price you entered at, it will help the others reading get a better understanding of the mistakes committed by fellow traders so that they dont replicate the same.

There are people who continue making the same mistake, that should not happen.

The OP mistake is not that he trusted the AI setup, but that he ignored risk management when he decided to open an order with increased volume. Sometimes such a risk brings a significant profit, but on a long-term basis it usually leads to a loss of the deposit.

[hafiztalha]

I would be great if the OP shared some pictures of the details of the trades involved in this.

Why you considered this as the "A1 setup" and what price you entered at, it will help the others reading get a better understanding of the mistakes committed by fellow traders so that they dont replicate the same.

There are people who continue making the same mistake, that should not happen.

Risk should be low if you are trading on online platform because you can lose more than you think because many people have learned from the market by giving their precious years and after that they learned a lesson of being patient in the market. If you have control of your mind and you will not invest your time on watching wrong people, you will be habitual to take good steps which will make you successful person. People are losing money because they want to make their money in a short time which is impossible if you have no experience of 4 to 5 years. When you will be new in the market you will be greedy when you get money and after that you will lose your all money.

[leonair]

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.

In everything, one should take as much risk as one can afford to take because in the case of investment, no one ever gets a quick return and there is also a risk of loss. There is no investment without risk. And if one invests more than one can afford to lose, that person later loses his financial capacity. Trading is riskier than other investments. There is a possibility of losing money here, but it is much bigger. For this reason, you always have to be prepared to accept any situation. Loss is a part of investing, so you have to accept it.

[jostorres]

The amount of what you can risk can be fixed, but the rewards are not. Sometimes you win, but sometimes you also end up with losses. So this is a good practice to never risk what you can't afford to lose as rewards aren't guaranteed.

Prioritize sticking to what you can risk, be it trading or investing, respect your risk so that whatever the outcome is, you will not be totally end up in a bad shape.

Usually people think that investing a larger sum can only make them maximize the profits but they never really think that the profits are never guaranteed and can end up in loss most of the times. This mentality needs to be changed and we should adhere to a strict trading budget allocation. Allocating more than expected is only going to make situations worst in a situation of loss and this will not only hurt us mentally but it will also ruin our financial planning because the money invested in trading is more than we can really afford to loose.

To change this, a strict budget should be in place and no matter how much we believe in our strategy, we should always stick to the budget even if the profits coming out are not up to mark. Small profits will make you accumulate big in future but a big loss can wipe your entire portfolio.

[Cgrexp]

In trading, risk management is important to avoid losses as well as financial management. Regardless of how much capital one has, one should be disciplined in the initial planning. And one should carefully consider the risks in trading. When one becomes overconfident and takes big risks in trading, it can affect his financial system. And if one starts trading with a small capital, it is better to increase the amount gradually. Because the amount of risk will never be equal to the amount of profit. So monitor well when you have to take risks especially if you see a position that will lead you to positive results.

[Lannakosa]

You risk more than you can afford so when you lose in trading, you get really angry. If you stay with less than 50% or use usual amounts, you will not be angry but will accept it. Sometimes our trading can change unexpectedly so we need to be ready for that and minimize the risk.

The market can move against your prediction anytime so you need to know how to minimize the bigger risks. You have your lesson so you don't repeat it. Trading will involves risks so we don't have to push ourselves to use bigger amount.

It's important to minimize risks, and to avoid such high risks, avoid trading futures if it could cost you half your deposit or a single trade. Spot trading is much more manageable, although it still requires experience, as otherwise, losses will be significant. Risks should always be minimized, we should prioritize preserving what we have and only then consider making money.

[Rabata]

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.

We know that trading involves taking risks. It is not possible to trade without risk. But even when taking risks, we must understand how much risk we are capable of taking. Normally  taking more risk than we can afford to lose means disaster. If the trade goes against us, we will lose everything. Therefore, if we trade within our ability, the chances of losing will be greatly decreased. If one has a high level of greed, one should never take too many risks. If one takes a decision out of greed, there is a high chance of losing.

[wozzek23]

The OP mistake is not that he trusted the AI setup, but that he ignored risk management when he decided to open an order with increased volume. Sometimes such a risk brings a significant profit, but on a long-term basis it usually leads to a loss of the deposit.

I will say that profits come along quite a few times but in most of the cases we might end up in loss. High trading volume makes the market much unpredictable and it can slip into opposite direction within a fraction of time. In this case, securing our investment can only be challenging and we might have to prepare ourself to face failures. Not always we are going to have profits and it is really important for us to train our mind to face loss as well. Being optimistic is a good thing but it always carries mental risk when it comes to trading.

AI setup is actually a good way to earn profits by devoting minimum time but this does not always guarantee profits. Yes, this might make our work much easier but still we can't really rely on the AI setup.

[tottong]

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.

A trader's difficulty is self-control, and they tend to think about making big profits in trades without considering using stop-loss or take-profit strategies.
This is common, and I've even lost my entire capital because I forced myself to trade excessively without using stop-loss or take-profit strategies, ultimately resulting in liquidation.
The most important part of trading is maintaining discipline and not forcing yourself to chase big profits, if this can be overcome, trading will be much easier to control.

Risk must be proportionate, as trading is impossible if forced without a sound strategy and discipline.
Sometimes we are ready to withstand losses in volatile markets that don't go according to plan, but we end up getting out of the market too soon when we make a profit and I have experienced this quite often myself.

[SquallLeonhart]

Risking your money when investing could be prevented by just one method and need nothing else; put money that you can risk into crypto. It's as simple as that, if you are ok with that money being zero, then you are fine with investing that money, but if your life or earnings or anything depends on it then you are making a mistake. I think it's clear that we are going to see something changing for the long term and we are not going to make this a big deal.

I think this should be something that means a lot, and we can't really change it all that easily. We are going to see how people who put money that they need into crypto and then talk about risk, if you do that then of course you are going to regret making that decision.

[EarnOnVictor]

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 see overconfidence here, which is not good for trading.

Your best trading setup could end up in a loss, while your worse trading probability could end up in a gain. This is why traders should always abolish perfection/certainty in the market, but rather plan for the unforeseeable, by getting ready to stop the loss at a reasonable price.

Also, though people do it, but I still not buying the idea of a fix risk, it shows the unprofessionalism of the trader. If a trader is indeed professional, the risk will be dynamic, just as the market is dynamic itself. The fix risk is the reason why traders even lose more than necessary at times. Some trading setups might require just 20 pips risk, but what if your fixed risk is 50 pips per trade? That means you will just lose an extra 30 pips just like that. It is avoidable!

[maknyos]

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 see overconfidence here, which is not good for trading.

Your best trading setup could end up in a loss, while your worse trading probability could end up in a gain. This is why traders should always abolish perfection/certainty in the market, but rather plan for the unforeseeable, by getting ready to stop the loss at a reasonable price.

Also, though people do it, but I still not buying the idea of a fix risk, it shows the unprofessionalism of the trader. If a trader is indeed professional, the risk will be dynamic, just as the market is dynamic itself. The fix risk is the reason why traders even lose more than necessary at times. Some trading setups might require just 20 pips risk, but what if your fixed risk is 50 pips per trade? That means you will just lose an extra 30 pips just like that. It is avoidable!

A trader must be able to determine the losses they can tolerate. Therefore, there is a stop-loss policy, which minimizes the potential for greater losses. The problem is that some traders are unable to accept their losses and hope the market will rebound. Instead of recovering their losses, they experience market volatility, leading to even greater losses.
And even when in a profitable position, we must be able to implement our profit targets. Otherwise, greed can take over, and ultimately, instead of profit, we incur losses as the market reverses.

[Rockstarguy]

You risk more than you can afford so when you lose in trading, you get really angry. If you stay with less than 50% or use usual amounts, you will not be angry but will accept it. Sometimes our trading can change unexpectedly so we need to be ready for that and minimize the risk.

The market can move against your prediction anytime so you need to know how to minimize the bigger risks. You have your lesson so you don't repeat it. Trading will involves risks so we don't have to push ourselves to use bigger amount.

Trading with the amount that you cant afford to lose is one of the things that makes people to be angry in trading, and it is very important for traders to be aware about the amount of money they put in trading if it is some thing that they easily let go if the outcome is not profitable. What also makes people to be angry in trading too is the lack of understanding and expecting a better result.  Even if traders are conscious to trade with the amount they can afford to lose, they also need to get a better knowledge as to know what they are doing and not to just trade blindly.

[Inwestour]

Risking your money when investing could be prevented by just one method and need nothing else; put money that you can risk into crypto. It's as simple as that, if you are ok with that money being zero, then you are fine with investing that money, but if your life or earnings or anything depends on it then you are making a mistake. I think it's clear that we are going to see something changing for the long term and we are not going to make this a big deal.

I think this should be something that means a lot, and we can't really change it all that easily. We are going to see how people who put money that they need into crypto and then talk about risk, if you do that then of course you are going to regret making that decision.

I got confused while reading your first sentence about risks. I think that cryptocurrencies and risk avoidance are things that will be very difficult to separate in any case, whether it’s money you can afford to lose or your main capital. If you plan to invest in cryptocurrency, the risks will be very high.

Even if you decide to invest only in Bitcoin and avoid putting money into altcoins, you still need to understand that the risks here are very high because Bitcoin is also highly volatile. Moreover, if you start buying Bitcoin during a bull market, you might buy it at a high price, and then you will have a very hard time getting through the entire bear market, or you might need to buy more to average out the price. These are all risks, and it’s all very complicated.