✍️ RISK MANAGEMENT IN CRYPTO TRADING – HERE'S WHAT I DO!
1. Crypto trading is exciting but also risky. If you’re diving in, here’s what I do to keep my investments safe:
2. Set Your Risk Limits: Don’t risk more than you’re comfortable losing. I usually stick to 1-2% of my portfolio per trade. Keeps things chill.
3. Use Stop Loss and Take Profit: I always set a stop loss so I don’t lose more than I can handle, and take profit to lock in those gains. Super helpful when things get wild.
4. Diversify Your Portfolio: Don’t put all your eggs in one basket. Spread things out across a few cryptos so you’re not too exposed to one.
5. Invest What You Can Afford to Lose: Crypto’s unpredictable, so only put in money you’re okay with losing if things don’t go your way.
It’s all about staying smart and having fun with it!