The banana coin will reach Mars soon, so I will not stop entering orders at the lowest possible price because when it crosses the lunar orbit, it's will make a lot of profits đ $BANANA #BananaCoin
Risk management is a crucial aspect of trading, essential for both beginners and experienced traders. It involves identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events. Effective risk management can significantly enhance a trader's ability to achieve long-term success. Here are some key points to consider:
1. **Understanding Risk Tolerance** - Every trader has a different risk tolerance level. Assessing your own willingness and ability to take risks is the first step in risk management. This will help you set appropriate risk parameters for your trading activities.
2. **Setting Stop-Loss Orders** - A stop-loss order is a predetermined price at which a trader will exit a losing trade to prevent further losses. Setting stop-loss orders helps in managing risk by limiting the amount of loss one is willing to take on a trade.
3. **Position Sizing** - Position sizing is the process of determining how much to invest in a particular trade. Proper position sizing ensures that no single trade can significantly impact the overall trading account. This involves calculating the percentage of capital to risk on each trade.
4. **Diversification** - Diversification involves spreading investments across various financial instruments, markets, or sectors to reduce exposure to any single asset. By diversifying, traders can manage risk by not putting all their eggs in one basket.
5. **Leverage Management** - Leverage allows traders to control a larger position with a smaller amount of capital. However, it also amplifies both gains and losses. Managing leverage effectively is crucial to avoid significant losses that can exceed the initial investment.
6. **Emotional Control** - Emotional control is vital in trading. Fear and greed can lead to impulsive decisions that deviate from a well-thought-out trading plan. Sticking to a trading plan and maintaining discipline are key components of risk management.
I this day I need talk about my price range filter , why? .
because in the last 10 days work alone on my new method to get real signals that make my trade on bitcoin less risky and give me 90% - 99% win in the day trade candle .
some people asked , bout why the old indcatior not works will ?.
the answer is because the old age of trade was going so you should have new tools that can make the chart understandable in 30 second. 2024/ may 22 $BTC $ETH $BNB #SolanaUSTD great binanceđ«Ą
the results of my strategy on $BTC 1 minutes time frame = 100% profitable đ 3 minutes time frame = 100% profitable đ 5 minutes time frame = 98.92% ... 15m =92.11% 30m = 86.15%