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
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