Risk Management (Education)
๐ Professional Trading: Protection Over Profits! ๐
Traders,
In a market as volatile as the one we are seeing today, your first priority shouldn't be "How much can I make?" but rather "How much can I protect?"
3 Rules for Current Market Conditions:
Stop-Loss is Mandatory: Never enter a trade without a predefined exit point. A small loss is better than a blown account.
Position Sizing: In high volatility, reduce your position size. Even if the trade goes against you, the impact will be minimal.
Keep Liquid Cash ($USDT): Always keep 20-30% of your portfolio in stablecoins. This allows you to "Buy the Dip" when others are panicking.
Remember, the market will always give you another chance to trade, but only if you have the capital left to do so. ๐ก๏ธ
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