❗️Risk Management is the key ❗️

When money involves, risk becomes a mandatory part of the transaction.

✅ You cannot eliminate it 100% specially when you are in leverages, but you can reduce it, this means your rate of winning is here than rate of losing.

You can go with 1:3 ratio, if you lose you will loes 1 and it you win you will get 3. Simple it that,

When to trade?

✅ Usually people say whenever they place SL, market hunts them down, very true, when there is already a momentum and you take a trade with SL, market hunt it down and will move, It happens when a coin is already 10-20% up.

✅ When there is a structure in development, you can take a trade, without understanding the volume and market nature, taking a trade is more likely losing your money,

✅ Never trade high leverages, you can be successful ten times but the habit will take it all back 11th time.

Never trades altcoins already up 40-50%, or you will become exit liquidity, because FOMO will never let you take any decision.

Always watch for trading sessions, Asian Europeans, US, there is a pattern and you can identify that,

Always use the money you are ready to lose, because if you are stress out because of the money you are trading, you are already lost as you cannot make any decisions. dyor