Risk management is key ๐ of trading
In trading profit ๐คmaking is not our first priority infact survival and surviving in market is our priority which is only possible by protecting our capital ๐
Thing to be think here :
How we can protect our capital in such a volatile market๐ค??
The only way to protect our capital and ourselves is "RISK MANAGEMENT " .
PROFESSIONALS WAY:
Professionals never took more than 1 or 2% risk of their capital ๐ on a single trade .
Conclusion :
So, the conclusion is survival in trading without risk management is not possible !
Trading without risk management is same as some body drives a car ๐ without brakes
Of course it will be ruinous ๐ฑ๐จ
#RiskManagement #binancesquare #Write2Earn!
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