I know I write a lot about risk management, but believe me, analysis is not important; discipline, patience, and not chasing market movements are the most important.
If you open many positions at the same time, sooner or later you will be liquidated. Even if you are winning every day, there will come one day or one moment when you lose all your profits with your capital if you do not have enough awareness of risk management.
The best way for me to trade is to use a very small part of the capital, 1% : 3%, so that the risk is minimal.
If you are trading with profits, increase the risk to 10%, but if you are trading with capital, the risk must be from 1% : 3%
Discipline is the most important thing. Do you remember when I published the Ethereum deal and said to place a buy order from this point? We waited a whole day until Ethereum reached the price to activate the deal, so we entered it, made a profit, and exited.
Risk management is more important than analysis.
