I’m sure you have all heard the saying, “risk what you have, NOT what you want!” It probably went in one ear and out the other but you should be drilling this saying into your brain.
Many beginner traders risk way more then they should be, some don’t even use a stop loss.
That’s the worst thing a trader could do, a stop loss is a traders best friend, it gives them the safety they need. It’s like a base jumpers parachute, they would never jump without one so why are some people still trading without stop losses?
You NEED to make a risk management plan, this should include your max percentage of risk that you will take on each trade, ours is 5%. It should also include steps on how you find your stop loss and exit triggers.
Your plan should cover every market scenario, you should never be acting out of emotion in the market, only following rules…
@CryptoTrades #education #riskmanagement
Many beginner traders risk way more then they should be, some don’t even use a stop loss.
That’s the worst thing a trader could do, a stop loss is a traders best friend, it gives them the safety they need. It’s like a base jumpers parachute, they would never jump without one so why are some people still trading without stop losses?
You NEED to make a risk management plan, this should include your max percentage of risk that you will take on each trade, ours is 5%. It should also include steps on how you find your stop loss and exit triggers.
Your plan should cover every market scenario, you should never be acting out of emotion in the market, only following rules…
@CryptoTrades #education #riskmanagement
Sometimes the truth hurts but sometimes you need to hear it!
If these relate to you, take a step back from the markets and re-evaluate your mindset.
@CryptoTrades #education #mindset #tradingtruth #riskmanagement
If these relate to you, take a step back from the markets and re-evaluate your mindset.
@CryptoTrades #education #mindset #tradingtruth #riskmanagement
The compound effect is what makes traders rich!
The compound effect is the addition of small gains over time to make a significant long term gain!
Without the compound effect, we would not be able to make significant gains like we do.
Traders compound by sticking to strict risk management rules, a plan, and by having rock solid discipline.
You CANNOT compound without consistency!
@CryptoTrades #education #compounding #riskmanagement #strategy #tradingplan
The compound effect is the addition of small gains over time to make a significant long term gain!
Without the compound effect, we would not be able to make significant gains like we do.
Traders compound by sticking to strict risk management rules, a plan, and by having rock solid discipline.
You CANNOT compound without consistency!
@CryptoTrades #education #compounding #riskmanagement #strategy #tradingplan
3 strikes and you’re out!
Do you stick to these rules?
We certainly do...The significance of knowing when enough is enough is often over looked, but if you set up rules and stick to them you will find yourself protecting your capital a lot better then those who don’t set rules.
Our rules are as follows, if we lose 3 trades in a day, we stop trading until the next day.
We do the same if we lose more then 10% in a day.
If you don’t do this, your trading Career will NOT last long, and it will soon turn into a gambling career.
You will find yourself “revenge” trading, this is trading when your sole purpose of doing so is to get back your lost money.
This will cause you to shy away from your trading plan (rules) and that’s the last thing you want!
@CryptoTrades #education #riskmanagement #revengetrading #tradingplan #mindset #crypto #winningstrategy
Do you stick to these rules?
We certainly do...The significance of knowing when enough is enough is often over looked, but if you set up rules and stick to them you will find yourself protecting your capital a lot better then those who don’t set rules.
Our rules are as follows, if we lose 3 trades in a day, we stop trading until the next day.
We do the same if we lose more then 10% in a day.
If you don’t do this, your trading Career will NOT last long, and it will soon turn into a gambling career.
You will find yourself “revenge” trading, this is trading when your sole purpose of doing so is to get back your lost money.
This will cause you to shy away from your trading plan (rules) and that’s the last thing you want!
@CryptoTrades #education #riskmanagement #revengetrading #tradingplan #mindset #crypto #winningstrategy
Find yourself constantly losing and don’t know why?
⠀
The reasons listed above could be the downfall of your trading career and they can all be fixed.
Look back at your trades (in your trading plan), and try to figure out the pattern of error.
When you’ve done this fix it and never do it again.
⠀
Seems simple enough right? WRONG!
Most people don’t have enough discipline to do this.
A successful trader needs rock solid discipline!
⠀
Keep these points and add them to your NOT TO DO list.
@CryptoTrades #education #emotions #riskmanagement #tradingplan #knowledge #crypto #signals #cryptotradespremium
⠀
The reasons listed above could be the downfall of your trading career and they can all be fixed.
Look back at your trades (in your trading plan), and try to figure out the pattern of error.
When you’ve done this fix it and never do it again.
⠀
Seems simple enough right? WRONG!
Most people don’t have enough discipline to do this.
A successful trader needs rock solid discipline!
⠀
Keep these points and add them to your NOT TO DO list.
@CryptoTrades #education #emotions #riskmanagement #tradingplan #knowledge #crypto #signals #cryptotradespremium
Do you have a trading system?
If you don’t, go and make one!
@CryptoTrades #education #tradingsystem #tradingplan #traderdiary #riskmanagement #knowledge #crypto #signals #cryptotradespremium
If you don’t, go and make one!
@CryptoTrades #education #tradingsystem #tradingplan #traderdiary #riskmanagement #knowledge #crypto #signals #cryptotradespremium
If you want to be a professional you need to possess the qualities that they do.
Most people know them, they just choose not to follow and possess them, what are you going to do?
@CryptoTrades #education #levelup #professionaltrader #riskmanagement #tradingplan #mindset #tradelikeabusiness #signals #cryptotradespremium
Most people know them, they just choose not to follow and possess them, what are you going to do?
@CryptoTrades #education #levelup #professionaltrader #riskmanagement #tradingplan #mindset #tradelikeabusiness #signals #cryptotradespremium
Every valuable task looks over whelming at first glance, however you will often see that when it is broken down into smaller tasks, goals and targets, the task will be a lot more feasible!
For example, when you start trading with maybe with $500-1,000 I bet you thought, “can I really turn this to $1,000,000?”
The answer is yes.
You can turn $1,000 into $10,000 and you can turn $10,000 into $100,000 so you can certainly turn $100,000 into $1,000,000.
Managing money is the same whether you have $1,000 or $1,000,000.
You still abide by the same risk management rules.
Once you learn how to manage your money the markets are yours!
@CryptoTrades #education #compounding #riskmanagement #signals #cryptotradespremium
For example, when you start trading with maybe with $500-1,000 I bet you thought, “can I really turn this to $1,000,000?”
The answer is yes.
You can turn $1,000 into $10,000 and you can turn $10,000 into $100,000 so you can certainly turn $100,000 into $1,000,000.
Managing money is the same whether you have $1,000 or $1,000,000.
You still abide by the same risk management rules.
Once you learn how to manage your money the markets are yours!
@CryptoTrades #education #compounding #riskmanagement #signals #cryptotradespremium
Do you have a risk management plan?
If your answer is no, then you really need to go and make one.
Without one, you’re asking to lose money.
Any money you make without a risk management plan is never long term.
Set a maximum risk % per trade, a minimum risk:reward ratio, a max drawdown and risk exposure.
When you have all these combined with a good trading strategy and system then you’re ready to start being profitable.
@CryptoTrades #education #riskmanagement #riskmanagementplan #strategy #signals #cryptotradespremium
If your answer is no, then you really need to go and make one.
Without one, you’re asking to lose money.
Any money you make without a risk management plan is never long term.
Set a maximum risk % per trade, a minimum risk:reward ratio, a max drawdown and risk exposure.
When you have all these combined with a good trading strategy and system then you’re ready to start being profitable.
@CryptoTrades #education #riskmanagement #riskmanagementplan #strategy #signals #cryptotradespremium
Over leveraging ALWAYS leads to a blown account.
There’s nothing you can say to argue against that, yes you might win a few trades while you’re over leveraging but what happens when you lose 1 trade?
YOUR WHOLE ACCOUNT GETS BLOWN! 🤯
Look at the table above and compare what you think is better and more sustainable as a long term business plan!
It’s obviously the risk managed choice, the reason I stress the importance of risk management is because it’s sooooooo important!!
@CryptoTrades #education #riskmanagement #riskmanagementplan #overleveraging #strategy #signals #cryptotradespremium
There’s nothing you can say to argue against that, yes you might win a few trades while you’re over leveraging but what happens when you lose 1 trade?
YOUR WHOLE ACCOUNT GETS BLOWN! 🤯
Look at the table above and compare what you think is better and more sustainable as a long term business plan!
It’s obviously the risk managed choice, the reason I stress the importance of risk management is because it’s sooooooo important!!
@CryptoTrades #education #riskmanagement #riskmanagementplan #overleveraging #strategy #signals #cryptotradespremium
👆👆👆👆👆👆
Do you place your stop losses in valid places or do you just place them anywhere?
Here are three valid reasonings to position a stop loss in the right place.
1. If trading inside two zones, it makes sense to place your stop loss outside of the zone. For example, if we place a buy at the support (bottom) zone, we would place the our stop loss underneath the zone.
2. If trading the breakout strategy, it would make sense to place your stop loss underneath or above the zone that price has just broken above/below. For example, if price breaks above a resistance (upper) zone and retests it, we would place a buy and place our stop loss underneath the newly made support zone.
3. If trading using trend lines, and you’re trading with the trend, it makes sense to place your stop loss underneath the trendline. This one is simple, if price breaks below the trend line, price has changed trend.
Remember to always place your stop loss in valid places and make sure your stop loss is significantly smaller than your take profit!
RISK:REWARD IS EXTREMELY IMPORTANT!
@CryptoTrades #education #riskmanagement #riskmanagementplan #stoploss #strategy #signals #cryptotradespremium
Do you place your stop losses in valid places or do you just place them anywhere?
Here are three valid reasonings to position a stop loss in the right place.
1. If trading inside two zones, it makes sense to place your stop loss outside of the zone. For example, if we place a buy at the support (bottom) zone, we would place the our stop loss underneath the zone.
2. If trading the breakout strategy, it would make sense to place your stop loss underneath or above the zone that price has just broken above/below. For example, if price breaks above a resistance (upper) zone and retests it, we would place a buy and place our stop loss underneath the newly made support zone.
3. If trading using trend lines, and you’re trading with the trend, it makes sense to place your stop loss underneath the trendline. This one is simple, if price breaks below the trend line, price has changed trend.
Remember to always place your stop loss in valid places and make sure your stop loss is significantly smaller than your take profit!
RISK:REWARD IS EXTREMELY IMPORTANT!
@CryptoTrades #education #riskmanagement #riskmanagementplan #stoploss #strategy #signals #cryptotradespremium
Stop over complicating it, it’s not that complex!
Set a minimum risk to reward ratio and a maximum % risk per trade.
Once you have those two things you already know what the maximum you will lose on each losing trade and also the minimum you can gain (unless you close early).
Of course there are other components to a successful trading/risk management plan but this is the foundation to one!
Implement this way of trading and watch your results change for the better!
@CryptoTrades #education #riskmanagement #riskmanagementplan #stoploss #strategy #signals #cryptotradespremium
Set a minimum risk to reward ratio and a maximum % risk per trade.
Once you have those two things you already know what the maximum you will lose on each losing trade and also the minimum you can gain (unless you close early).
Of course there are other components to a successful trading/risk management plan but this is the foundation to one!
Implement this way of trading and watch your results change for the better!
@CryptoTrades #education #riskmanagement #riskmanagementplan #stoploss #strategy #signals #cryptotradespremium
Do you have what it takes to make £1,000,000 trading?
@CryptoTrades #education #riskmanagement #riskmanagementplan #strategy #signals #cryptotradespremium #winningsignals
@CryptoTrades #education #riskmanagement #riskmanagementplan #strategy #signals #cryptotradespremium #winningsignals
Do you manage your risk like a pro?
If you do already, then well done!
If not, try doing the three things listed above more while trading!
We promise you, it will help..
@CryptoTrades #education #riskmanagement #signals #cryptotradespremium #winningsignals
If you do already, then well done!
If not, try doing the three things listed above more while trading!
We promise you, it will help..
@CryptoTrades #education #riskmanagement #signals #cryptotradespremium #winningsignals
This post is about how to avoid falling into the trap of price manipulation.
First of all, here’s a quick summary of what price manipulation is; It’s an act of artificially increasing or decreasing price, to cause retail traders to lose money.
There is not too much public information on this. Because if there was, 88% of traders wouldn’t be losing money.
Here are 2 simple ways to avoid price manipulation;
1. Place your stop loss below key levels
Don’t have very tight stop losses, because chances are you will not be profitable.
2. Risk around 3-5% on each trade
Protect your capital at all costs. You should never put yourself in a position where there is a chance that you could lose everything.
@CryptoTrades #education #pricemanipulation #riskmanagement #signals #cryptotradespremium #winningsignals
First of all, here’s a quick summary of what price manipulation is; It’s an act of artificially increasing or decreasing price, to cause retail traders to lose money.
There is not too much public information on this. Because if there was, 88% of traders wouldn’t be losing money.
Here are 2 simple ways to avoid price manipulation;
1. Place your stop loss below key levels
Don’t have very tight stop losses, because chances are you will not be profitable.
2. Risk around 3-5% on each trade
Protect your capital at all costs. You should never put yourself in a position where there is a chance that you could lose everything.
@CryptoTrades #education #pricemanipulation #riskmanagement #signals #cryptotradespremium #winningsignals
It’s very important to cut losses short.
You can have small wins, big wins and small losses. But you should never have a big loss.
The mathematical proof is presented above. The more loss you have, the tougher it will be to cover them.
Ensure you manage your risk under all conditions.
You can do this by controlling greed and impatience.
@CryptoTrades #education #trading #riskmanagement #signals #cryptotradespremium #winningsignals
You can have small wins, big wins and small losses. But you should never have a big loss.
The mathematical proof is presented above. The more loss you have, the tougher it will be to cover them.
Ensure you manage your risk under all conditions.
You can do this by controlling greed and impatience.
@CryptoTrades #education #trading #riskmanagement #signals #cryptotradespremium #winningsignals
This post is about how to avoid falling into the trap of price manipulation.
First of all, here’s a quick summary of what price manipulation is; It’s an act of artificially increasing or decreasing price, to cause retail traders to lose money.
There is not too much public information on this. Because if there was, 88% of traders wouldn’t be losing money.
Here are 2 simple ways to avoid price manipulation;
1. Place your stop loss below key levels
Don’t have very tight stop losses, because chances are you will not be profitable.
2. Risk around 3-5% on each trade
Protect your capital at all costs. You should never put yourself in a position where there is a chance that you could lose everything.
@CryptoTrades #education #pricemanipulation #riskmanagement #signals #cryptotradespremium #winningsignals
First of all, here’s a quick summary of what price manipulation is; It’s an act of artificially increasing or decreasing price, to cause retail traders to lose money.
There is not too much public information on this. Because if there was, 88% of traders wouldn’t be losing money.
Here are 2 simple ways to avoid price manipulation;
1. Place your stop loss below key levels
Don’t have very tight stop losses, because chances are you will not be profitable.
2. Risk around 3-5% on each trade
Protect your capital at all costs. You should never put yourself in a position where there is a chance that you could lose everything.
@CryptoTrades #education #pricemanipulation #riskmanagement #signals #cryptotradespremium #winningsignals
This post is about how to avoid falling into the trap of price manipulation.
First of all, here’s a quick summary of what price manipulation is; It’s an act of artificially increasing or decreasing price, to cause retail traders to lose money.
There is not too much public information on this. Because if there was, 88% of traders wouldn’t be losing money.
Here are 2 simple ways to avoid price manipulation;
1. Place your stop loss below key levels
Don’t have very tight stop losses, because chances are you will not be profitable.
2. Risk around 3-5% on each trade
Protect your capital at all costs. You should never put yourself in a position where there is a chance that you could lose everything.
@CryptoTrades #education #pricemanipulation #riskmanagement #signals #cryptotradespremium #winningsignals
First of all, here’s a quick summary of what price manipulation is; It’s an act of artificially increasing or decreasing price, to cause retail traders to lose money.
There is not too much public information on this. Because if there was, 88% of traders wouldn’t be losing money.
Here are 2 simple ways to avoid price manipulation;
1. Place your stop loss below key levels
Don’t have very tight stop losses, because chances are you will not be profitable.
2. Risk around 3-5% on each trade
Protect your capital at all costs. You should never put yourself in a position where there is a chance that you could lose everything.
@CryptoTrades #education #pricemanipulation #riskmanagement #signals #cryptotradespremium #winningsignals
Over leveraging ALWAYS leads to a blown account.
There’s nothing you can say to argue against that, yes you might win a few trades while you’re over leveraging but what happens when you lose 1 trade?
YOUR WHOLE ACCOUNT GETS BLOWN! 🤯
Look at the table above and compare what you think is better and more sustainable as a long term business plan!
It’s obviously the risk managed choice, the reason I stress the importance of risk management is because it’s sooooooo important!!
@CryptoTrades #education #riskmanagement #riskmanagementplan #overleveraging #strategy #signals #cryptotradespremium
There’s nothing you can say to argue against that, yes you might win a few trades while you’re over leveraging but what happens when you lose 1 trade?
YOUR WHOLE ACCOUNT GETS BLOWN! 🤯
Look at the table above and compare what you think is better and more sustainable as a long term business plan!
It’s obviously the risk managed choice, the reason I stress the importance of risk management is because it’s sooooooo important!!
@CryptoTrades #education #riskmanagement #riskmanagementplan #overleveraging #strategy #signals #cryptotradespremium