Risk management, I have seriously finished watching. I haven't read the book yet, will look at it later, anyway I can't open a position right now🫠🫠
艾叔
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What is trading risk management
First of all, if you are a Stud player or European Emperor, this article is not valid for you, because you are the chosen one, a warrior who works miracles with great strength, and a passionate warrior. Risk management does not belong to you, but long-term traders need to have the ability to manage funds.
Why Uncle Ai wrote this article is also based on the recent discovery that many group members rely on their passion to place orders in the direction I think, rolling positions at high positions and mercilessly cutting at low positions.
1. What is a risk plan?
Before trading, first check how much capital you have? How much risk are you willing to take on each trade? This needs to be planned in advance. The proportion of risk you take generally depends on your capital and your ability to make money off the market. For example, if your investment is 50,000, and your off-site income is 10,000 per month, then the monthly risk plan is no more than 2,000, which accounts for less than 20% of the off-site income and 4% of the total funds. This can ensure that if you are particularly unlucky and make consecutive wrong orders, the loss in your account will not affect the follow-up. For professional traders, the risk of each transaction should be controlled within 2%, and the trading loss for the month should not exceed 10%. If it exceeds, force yourself to take a rest and think carefully about the operations of the month.
You really need to adjust your mentality, do less and see more, and don’t rush in if you’re not sure.
The big guys we saw on the square kept reminding us to make a trading plan. Although we haven’t opened a position yet, we want to try some simulated positions in the near future to test and find out how much loss we can bear. Otherwise, every time It's really crazy that Cidutou doesn't set a stop loss. You also need to practice to see which points are reasonable to set stop loss, so as to avoid missing opportunities because the interval setting is too small.
The boss is really strong, very accurate and very stable. In the future, when you make money at work, you should also use a small part of your available funds to buy spot goods here, so that you don’t have to watch the market every day and worry about it! Although the prerequisite is to study hard first and learn basic knowledge and analytical methods.
I have been drawing lines after writing a paper recently. I seem to have grasped it a little bit in the past two days, but I still often make mistakes when answering the answers, and the accuracy rate is very low. I hope it will gradually improve.
I don’t know if I will have time to read after that. The oral exam will follow and I will become more and more busy. Maybe I will study it after I graduate and find a job.
I hope I can graduate as soon as possible, and I also hope that the money I lost can be returned to my pocket as soon as possible, otherwise I will have nothing to eat.
I'm also interested in this coin, just recording it
Box Art
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$WLD The daily level has been above the 2.12 area for 9 consecutive days. The support here is effective. The daily line gradually moves out of the W double bottom structure. I have said in the previous article that as long as the daily closing price does not fall below the 2.12 area, you can go to gamble. Now the structure is gradually coming out. Now entering the market is equivalent to the left side. The left side of the market has higher profits and higher risks. The right side of the market must wait for the 2.477 area to break through and then step back to enter the market. Spot batches are the best choice. All-in will make you very passive.