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Essential Risk Management Strategies for Crypto Trading ๐
๐ด Volatility-Based Position Sizing: Adjust your position size based on the current volatility of the market. Lower volatility may allow for larger positions, while higher volatility may require smaller ones.
๐ด Expected Move Calculation: Calculate the expected move of a cryptocurrency based on its historical volatility and use it to set realistic profit targets and stop-loss levels.
๐ด Risk-Adjusted Capital Allocation: Allocate capital to different trading strategies based on their risk-adjusted performance.
๐ด Risk Budgeting: Set a specific risk budget for each trading day or week to limit potential losses.
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