Most people enter the world of trading after hearing this dialogue. They think they are at the top of a mountain, and beyond it, they see another great mountain, believing they can easily reach it. Meaning, if they have a good portfolio, they think it would be great if they reached the next level.
So that's why they are ready to take the leap to the next level. But when they are making this jump, they do not realize that if they are jumping without a parachute, their chances of falling are higher. That’s why 99.9% of people who initially enter the market end up losing their money. You might think we have quoted a very high percentage, but you should do your own research on this; you will find that most people, when they enter the market without thinking, without risk management, just based on hearsay or motivated by others, have a higher chance of losing.
So how do we save ourselves?
We are going to tell you about two things that will work like a parachute for you, saving you from losses and allowing you to gradually learn how to actually reach the top. So what are those two things:
Number 1: #RiskRewardRatio
First, let's talk about the risk-to-reward ratio, what does it mean? Let's assume today you
#BTC want to buy
For example, now you will let us know how much you want to buy; we will figure out the statistics ourselves regarding how much you need to buy and what profit or loss you will have, we will discuss that.
Now why did you select this? That is a big question. We can take any coin, we
You can ask, what basis are you choosing these coins on? You should either be doing fundamental analysis or technical analysis; in reality, you should be doing both. But let's assume you have done both analyses and you have chosen one coin for trading.
To be continued or not pleased comment....
