The Biggest wealth that I Retain for years even in bear market was to play way defensive and managing my Risk
Everyone will tell you
No risk = No story
But it’s Not for someone who just start their Journey
For so many of you
Your portfolio = Your Everything
You have to go with your own pace
You have to build Roots here 1st
You have to do to least 10-20X 1st then you can diversify and take risks everywhere
Risk management is the most important skill in Crypto.
This market is rewarding but way too much brutal if you don’t go according to the MM mindset
Here the richer keep getting richer and poor keep using as an Exit Liquidity
1st thing I Understand is that
I will Never be profitable in Every trade
But there is difference
Someone losing 80-90% and you losing 5-10%
Happen with Everyone but one Bad Doesn’t Mean Bad Life
Just keep this thing in Mind
Before Entering in any Setup
Looking at my risk Side
How much I am deploying ?
How much risk I am taking ?
How much loss will happen if my stop loss Hit ?
How much % of my capital and gains will be affected if this trade goes in south
So Before Placing Tp I always look at my risk side
I use to be awaken late night figuring out where I am lacking
What mistakes I am doing ?
What makes me FOMO?
What makes me fearful ?
What types of trades I likely to puke early?
Which market conditions make me uncomfortable?
I use to write all these things to work out on my emotions and edge
The time you manage your downside risk the upside will work for it own way Easily
When you shift your focus from chasing money to managing risk
You'll end up with greater financial gains in your portfolio
This is Highest level of mental game It’s always about managing probabilities, controlling risk, and executing your edge with discipline.
At the End Trading is a game of patience.
You wait = stay disciplined & Profits often come in sudden bursts.