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TylerFoust🎩
@tylerfoust.eth
1/2 Risk management in trading: how not to lose your deposit and save your nerves Today let's talk about the things without which trading is just a game of roulette. Risk management is your best friend if you want to not only survive in the market, but also multiply your capital. This is especially important for beginners who are just starting to familiarize themselves with futures trading, and now, in a market as volatile as today's, it's a must. What to do before a trade? Golden rule: don't put everything on one card! Never open a trade with 100% of your deposit. This is a direct path to failure. Even if you are 99% sure of a trade, the market can always surprise you. Determine the amount of risk. Decide how much you are willing to lose if the market goes against you. This is usually 1-3% of your deposit. For example, if you have $100, a 2% risk is $20 per trade. This is your “safety cushion”.
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Rose
@rosekeyes
I will tell you an interesting experience, when I just started trading in the NFT market, I bought an nfd at the price of 0.1 and it grew to the price of 0.35 ether and I sold it. In the meantime, I made a profit of 0.25 ether, but tomorrow I lost more than that amount. I learned two things in that transaction First, I should not invest all my money in one transaction, and secondly, I should be absolutely sure that the transaction will be profitable and then enter it. thanks info 🙌🏻
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TylerFoust🎩
@tylerfoust.eth
We all learn from our mistakes 🫡
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