RISK CONTROL: # $BTC
Just as it is important to define an exit point for profits. It is equally important to define an early exit when things aren't going accordingly.
The key point is "early".
The markets is a very dynamic one and it points the way it wants to go at every points in time.
we have to be discipline to follow the lead of price action.
Remember: There is no good or bad coin, only good or bad strategy. And the best strategy must have a good profit taking system AS well as robust risk control.
We want to save Our capital by cutting loss early while we reposition ourselves for the best on its way. we want to be patient and readjust to market dynamics.
In their push for a kill, Lions are only successful 30% of the time, professional poker players are successful only 10% of the time, so we've got a better chance at succeeding as a Crypto trader.