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Something I spoke about some time back. Risk Management. How crucial this really is.
We have seen plenty of volatility over the last couple of weeks. Remember it is better to make some profits rather than no profits. I know so many people that got liquidated because of using high leverage on futures. Especially on $GAS , I am still super bullish, I am still in with low leverage.
Don’t rush to make a quick buck. Greed will your downfall.
Step by step.
Thats why I keep saying,
Learn, learn & LEARN!!
You’re Welcome!! 🫡
#Write2Earn #TradeNTell #crypto #knowledgeispower #moneymaker
LIVEMoneyMaker-FQ
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RISK MANAGEMENT!!
One thing that many traders need to focus on is proper risk management. You will come across many people jump into trading thinking they will make huge profits instantaneously. Instead they lose all that money and complain about how things went south etc.
It does not work that way!
The market reacts to various things - which are not in our control. Therefore, it is better to minimise your risk. Exercise and learn proper risk management.
Take profits and use stop losses. Would you rather close a trade at a 10% profit or close trade at a 50% loss? Take the small wins. Little steps are going to go a long way.
Nobody was ever hurt by taking profits. Nobody was ever hurt by managing their risk.
Learn, learn & LEARN!!
You’re welcome! 🫡
#Tradeandtell #moneymaker #RiskManagement
#KnowledgeIsPower
One thing that many traders need to focus on is proper risk management. You will come across many people jump into trading thinking they will make huge profits instantaneously. Instead they lose all that money and complain about how things went south etc.
It does not work that way!
The market reacts to various things - which are not in our control. Therefore, it is better to minimise your risk. Exercise and learn proper risk management.
Take profits and use stop losses. Would you rather close a trade at a 10% profit or close trade at a 50% loss? Take the small wins. Little steps are going to go a long way.
Nobody was ever hurt by taking profits. Nobody was ever hurt by managing their risk.
Learn, learn & LEARN!!
You’re welcome! 🫡
#Tradeandtell #moneymaker #RiskManagement
#KnowledgeIsPower
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