Many people say that a week's trading profit ends with a day's loss. Let me tell you some ways to reduce it.
01. Set a fixed amount in the wallet at the beginning of the month. And a monthly target.
02. After setting a fixed amount in the wallet like this, put the daily profit from the future or spot wallet into the funding wallet.
For example, if you think that the amount you should have in your wallet at the beginning of the month is 1000$, imagine that you made a profit of 20$ in a day. Put that 20$ in the funding wallet.
03. Don't go to trade in the middle of other work. Because if the mind set is not clear, chances will be missed in the market and losses will also increase.
04. Make sure to mark the daily loss profit in an excel sheet.
05. If doing weekend trade, use low leverage.
06. The other thing is to keep a risk management strategy.
For example, keep the SL between 2-3%. The profit target is between 3-4%.
Original owner: Nimithi
