Respest your risks more than rewards

[pusaka]

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.

Emotions are a common problem for every trader, but it should be with the many experiences of failure shared by people because of emotions that make us learn from it, but apparently it is still a problem for most people. Because even though there are many who have shared their experiences, there are still people who experience the same mistakes, namely because of emotional factors.

Actually, we ourselves know when we are emotional and when we are not, but there are still those who do not realize it so that we will continue to see and hear the same mistakes from people who share their experiences.

[Dickiy]

As the saying goes “experience is the best teacher” and you have experienced it which indirectly gives you a very valuable lesson, from that incident you have now realized how important risk management is in trading.

Seeing the potential for profit is very tempting but it will always be proportional to the level of risk, therefore this is the reason why risk management is far more important than thinking about profit because that is the only way you can stay afloat and avoid liquid, btw thanks for sharing your experience friend.

[Big Dirams]

Emotions are a common problem for every trader, but it should be with the many experiences of failure shared by people because of emotions that make us learn from it, but apparently it is still a problem for most people. Because even though there are many who have shared their experiences, there are still people who experience the same mistakes, namely because of emotional factors.

Actually, we ourselves know when we are emotional and when we are not, but there are still those who do not realize it so that we will continue to see and hear the same mistakes from people who share their experiences.

Emotions will always come in when we are trading and new traders or beginners in the market always find it difficult to overcome their emotions and feelings but as time goes on and they experience more from the market and at the same when they get familiar with the market movement then they will understand that emotions can make a profitable entry becomes a loss. As a trader after understanding the market and have well established knowledge about trading then we will now begin to battle with our emotions and when we peacefully overcome it things will be much more easier.

As the saying goes “experience is the best teacher” and you have experienced it which indirectly gives you a very valuable lesson, from that incident you have now realized how important risk management is in trading.

Seeing the potential for profit is very tempting but it will always be proportional to the level of risk, therefore this is the reason why risk management is far more important than thinking about profit because that is the only way you can stay afloat and avoid liquid, btw thanks for sharing your experience friend.

Yeah sure you made a good point “experience is the best teacher” when we learn from experience and self experience to be precise then we can easily understand more and know that risk management is an important aspect in trading and we do not need to take it for granted because that what set duration of our stays in the trading journey.
When there is not proper risk management then we can easily get liquidated form the market and that just the end of the journey until we find new capital to start again.

[SOKO-DEKE]

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.

Seriously, overconfidence is what mostly makes some traders lose, because it is what makes them take wrong decisions, like trading with high amounts. It is also what makes them not take their profits at the right time. But sometimes, it is not that all traders who trade with high amounts of money are overconfident. Some people own issue is greediness, just because they want to make it quickly, or possibly they are trying to recover their losses. Any trader that is doing that will always end in regret.

[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.

Emotions are a common problem for every trader, but it should be with the many experiences of failure shared by people because of emotions that make us learn from it, but apparently it is still a problem for most people. Because even though there are many who have shared their experiences, there are still people who experience the same mistakes, namely because of emotional factors.

It's a mistake that will repeat no matter how good you are with your past trades. Because once the emotion triggers again, you'll get the same mistake that you have always expected to come because of how emotional you are.

Actually, we ourselves know when we are emotional and when we are not, but there are still those who do not realize it so that we will continue to see and hear the same mistakes from people who share their experiences.

We know ourselves and yet, we're still falling for the emotions for our trades. The others stop trading when they have found themselves trading like that. And if they can't help themselves, they're just quietly quitting for them to not be noticed by other traders if they're part of a circle of traders.

[jaberwock]

Seriously, overconfidence is what mostly makes some traders lose, because it is what makes them take wrong decisions, like trading with high amounts. It is also what makes them not take their profits at the right time. But sometimes, it is not that all traders who trade with high amounts of money are overconfident. Some people own issue is greediness, just because they want to make it quickly, or possibly they are trying to recover their losses. Any trader that is doing that will always end in regret.

While over-confidence definitely causes a lot of people to lose money, we have to also realize that sometimes low-confidence is also equally a killer for profits. There are so many people out there who fear and not go in when they should, they look at the market and think it's good time to get in and they fear and they do not buy because of low confidence and then it goes up so they realize they made a mistake. So you have to have a normal amount of confidence, not too confident not too little.

If you can do that then you are going to end up with a lot better result without a doubt, things will get much better. We shouldn't really worry about this any further, it can be doing fine as long as we trust how we are dealing with this.

[Lembo69]

You cannot be successful in life without taking risks. Sometimes risk is the key to success. Taking risks for investors is also an investment. Because only brave people succeed. Taking risks is not an issue for a trader who has been trading regularly, but for a new learner, it is a very big issue. A trader gets good results through risk. However, sometimes taking risks will also be foolish. You have to consider your existing intelligence and thinking power when it is good to take risks. You have to observe the market and follow it regularly so that after taking a gamble, there is no panic.

[Mallampue]

Seriously, overconfidence is what mostly makes some traders lose, because it is what makes them take wrong decisions, like trading with high amounts. It is also what makes them not take their profits at the right time. But sometimes, it is not that all traders who trade with high amounts of money are overconfident. Some people own issue is greediness, just because they want to make it quickly, or possibly they are trying to recover their losses. Any trader that is doing that will always end in regret.

While over-confidence definitely causes a lot of people to lose money, we have to also realize that sometimes low-confidence is also equally a killer for profits. There are so many people out there who fear and not go in when they should, they look at the market and think it's good time to get in and they fear and they do not buy because of low confidence and then it goes up so they realize they made a mistake. So you have to have a normal amount of confidence, not too confident not too little.

If you can do that then you are going to end up with a lot better result without a doubt, things will get much better. We shouldn't really worry about this any further, it can be doing fine as long as we trust how we are dealing with this.

Most people who are successful today are because of their confidence in the industry they are in, so it is very important to have confidence but there must be a measure to anticipate things that are burkk, in trading it should not be all in one position, putting a stop loss to maintain our capital so as not to be eroded by the market, it is very good, and people who are not confident are relatively not getting anything in the market, their decisions are always above doubt which makes them miss that great opportunity to profit.

The level of confidence will increase the courage when making decisions, find the reason for any decision to be within the risk that we can accept as traders.

[Lannakosa]

While over-confidence definitely causes a lot of people to lose money, we have to also realize that sometimes low-confidence is also equally a killer for profits. There are so many people out there who fear and not go in when they should, they look at the market and think it's good time to get in and they fear and they do not buy because of low confidence and then it goes up so they realize they made a mistake. So you have to have a normal amount of confidence, not too confident not too little.

If you can do that then you are going to end up with a lot better result without a doubt, things will get much better. We shouldn't really worry about this any further, it can be doing fine as long as we trust how we are dealing with this.

It's normal to doubt, and when I have doubts, I won't open a new trade. If the price rises, I'll think my thoughts were correct, but I won't regret it because I have many more trades ahead. I don't think any trader is completely confident in a trade, doubts will always exist, but that's why we have a stop-loss, so we don't risk staying in a trade too long. The most important thing is not to become so confident in a trade that we trade without stop-losses.

[justdimin]

As the saying goes “experience is the best teacher” and you have experienced it which indirectly gives you a very valuable lesson, from that incident you have now realized how important risk management is in trading.

Indeed, although I'd say that if one makes every mistake in the world to learn everything, it would cost too much. If possible, it's best to learn from others experinece but it's not the end of the world if you make some, of course.

Greed and anger management are crucial for long-term trading success because losses will happen and must not tilt you; this is not gambling. Similarly, you will always feel that you should take more risks at times to make even more profit, but nothing is guaranteed, even if it appears that way. Sometimes you should indeed have the risk appetite, but it must have some reasoning rather than just emotions.

[ASloveapg]

While over-confidence definitely causes a lot of people to lose money, we have to also realize that sometimes low-confidence is also equally a killer for profits. There are so many people out there who fear and not go in when they should, they look at the market and think it's good time to get in and they fear and they do not buy because of low confidence and then it goes up so they realize they made a mistake. So you have to have a normal amount of confidence, not too confident not too little.

If you can do that then you are going to end up with a lot better result without a doubt, things will get much better. We shouldn't really worry about this any further, it can be doing fine as long as we trust how we are dealing with this.

It's normal to doubt, and when I have doubts, I won't open a new trade. If the price rises, I'll think my thoughts were correct, but I won't regret it because I have many more trades ahead. I don't think any trader is completely confident in a trade, doubts will always exist, but that's why we have a stop-loss, so we don't risk staying in a trade too long. The most important thing is not to become so confident in a trade that we trade without stop-losses.

There is no complete guarantee in anything, that is why we can never do anything with such a mentality. Sudden changes in the market can completely change your expectations, and even at the last minute you may face losses, that is why we should keep such a mentality away. No trader trades with 100% confidence, and whoever does so is basically neglecting the risk, even he is not thinking realistically, that is why he is 100% sure that he can profit, but the reality is that there is nothing where we can get guarantees. So we can lose, but to limit this loss we have to use SL and for this it is necessary to have the right mentality.

[jostorres]

You cannot be successful in life without taking risks. Sometimes risk is the key to success. Taking risks for investors is also an investment. Because only brave people succeed. Taking risks is not an issue for a trader who has been trading regularly, but for a new learner, it is a very big issue. A trader gets good results through risk. However, sometimes taking risks will also be foolish. You have to consider your existing intelligence and thinking power when it is good to take risks.

I think a healthy balance is important. You want to take risks but you don't want to risk everything and every time. Take calculated risks and if it goes wrong, then so be it.

I don't necessarily agree. Yes, it's important to take risks but hard to say it's key to success. The only key to success in trading that I can think of is consistency and discipline. You don't get rich quickly in trading, unless you are trading at 1000x leverage.

You have to observe the market and follow it regularly so that after taking a gamble, there is no panic.

Precisely. Observe the market and if the situation demands taking a risk, go for it.

[bettercrypto]

As the saying goes “experience is the best teacher” and you have experienced it which indirectly gives you a very valuable lesson, from that incident you have now realized how important risk management is in trading.

Seeing the potential for profit is very tempting but it will always be proportional to the level of risk, therefore this is the reason why risk management is far more important than thinking about profit because that is the only way you can stay afloat and avoid liquid, btw thanks for sharing your experience friend.

I think everyone on this platform knows that experience is our best teacher. The real question for us as investors is: are we truly prepared for the risks we will face in the crypto industry? The problem is that some people only want to profit, but are unwilling to accept any losses on their investments.

If there are communities that want zero risk but expect high returns, I’d say that’s a very selfish mindset. Often, the people who think this way are those who aren't wealthy or come from difficult backgrounds. This is a contrast to the wealthy, who are generally more open and accepting of the risks involved in the crypto business industry.

[Miles2006]

These are the reason why people compare trade and gambling, a lot of people see both as same but, the strategy matters mostly. When risk is involve there’s no point being positive 100%, op made a mistake firstly by using a large amount commonly money not meant for trading should be set aside no matter how tempting the chances may seem besides no profit is guarantee. A trader must set a limit else without a proper guide you might find yourself spending more without getting any profit in return.

[Fara Chan]

Most people who are successful today are because of their confidence in the industry they are in, so it is very important to have confidence but there must be a measure to anticipate things that are burkk, in trading it should not be all in one position, putting a stop loss to maintain our capital so as not to be eroded by the market, it is very good, and people who are not confident are relatively not getting anything in the market, their decisions are always above doubt which makes them miss that great opportunity to profit.

The level of confidence will increase the courage when making decisions, find the reason for any decision to be within the risk that we can accept as traders.

Confidence and courage in the market require a rationale and a foundation for self-confidence. Wise decisions usually arise when traders possess the knowledge and foundation necessary to remain in the market, even after experiencing losses in the past due to inappropriate actions. I also agree with what you said, but every brave trader is certainly due to their level of knowledge which is quite extensive or high so that the trader will never be bored with any market conditions and will continue to try to continue to gain profits in unusual conditions such as the current conditions where most coins have been at a fairly low price due to a too large price correction at the end of last year.

[Yeesha]

Do not be blinded by greed and the desire to make more money, but always prioritize risk management no matter you see a good position for your trade. The trading market is always unpredictable, you wouldn’t know how will the market reacts to your trade, so never risk trading more than you can afford to lose.

Moreover, not all trades deserve rewards, knowing majority of those who trade end up at loss, most especially if those traders just rush to trade without having a good market analysis first before they decide to trade.

An act of greediness is what makes some trader blindly put what they are not ready to risk. Risking savings, homes, or future earnings. They might be thinking that these bets promises quick wins or higher returns, but the fact is that there is a hide pitfalls behind it, like huge losses, low odds and emotional distress. They are low probability of returns and potential for significant losses. And this clearly means that we should make decisions calmly and thoughtfully before putting money into trading, or any other investments in order to avoid regrettable consequences. 

[hafiztalha]

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.

Risk factor us always important when you are trading in the market because you are earning according to your risk and if you are taking more risk then you will earn more. If you are taking less risk then you will get less reward of that . Many people traded due to watching the people who are getting profit and they are getting big reward by that and they are enjoying their life and they have a time to spend with their family. Many people have that kind of mindset and that is the reason they are not achieving big in the market. People are nir watching the struggle of person which he did to get success in life but they are watching the person who is successful at that time.

[Muba20]

Traders make a big mistake when they think that they have a perfect setup. Thinking like this means that they are giving more priority to their emotions. When someone has such thoughts, they will want to take more risks. The market will then seem very positive to them which will later cause them to lose a lot as you say. Sometimes the greed of the trader can lead them to big losses. Every trader should pay good attention to the issue of risk management, which will greatly reduce the chances of the trader losing money. The trader should remember that you can never fulfill your dreams in just one trade. Therefore, it is better to avoid trading with emotions.

[ecnalubma]

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.

It takes a great deal of maturity to recognize that your frustration was directed at your own lack of discipline rather than the market's unpredictable movement. This painful experience serves as a vital reminder that even a technically perfect setup can fail, making strict adherence to a fixed risk percentage the only true way to ensure long-term survival in this field. By choosing to prioritize account flipping over risk management, you experienced firsthand how a single A1 setup can become a trap if it is used as a justification to abandon your established rules.

Transforming this significant financial loss into a foundational principle is the only way to ensure that the tuition fee you paid to the market was not in vain. The market is indifferent to how right you feel about a setup, and its only job is to punish those who confuse high probability with certainty. If you can truly internalize the habit of respecting your risk limits regardless of how tempting the setup appears, you will have gained a psychological edge that is far more valuable than the capital you lost today.

[Cyber_warrior]

Traders make a big mistake when they think that they have a perfect setup. Thinking like this means that they are giving more priority to their emotions. When someone has such thoughts, they will want to take more risks.

As a trader, you are not suppose to be too confident about your analysis when trading, you should always know that you might be wrong also, so whenever you are trading, always make sure you trade with caution because you might be wrong also. As a trader you are suppose to know that you won’t be right always, you can’t be a trader and you won’t be losing, but we should just make sure than if we calculate the amount that we have lost, it shouldn’t be more than the amount we have made from trading.

If you are losing more than you are winning, then you need to go back to check your analysis to see where you get things wrong. So if you are trading, don’t think you won’t be losing just because of your analysis or setup which you have, loss can come in at any moment.