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๐ 8 Risk Management Hacks Every New Crypto Trader MUST Know ๐ก
1๏ธโฃ Only Invest What You Can Afford to Lose
Crypto is a rollercoaster ๐ข โ Donโt risk rent or grocery money.
2๏ธโฃ Set Entry & Exit Points BEFORE You Trade
Plan the game. Avoid chasing pumps or panic selling.
3๏ธโฃ Use Stop-Loss Orders ๐ก๏ธ
Your safety net when the market dumps hard.
4๏ธโฃ Diversify Your Portfolio
One coin obsession = dangerous. Spread the risk.
5๏ธโฃ Keep a Strong Risk-to-Reward Ratio
Aim for 2โ3ร reward vs. risk, or skip the trade.
6๏ธโฃ Donโt Go Crazy With Leverage
20x leverage looks excitingโฆ until liquidation hits ๐ฌ Start with spot.
7๏ธโฃ Stay Updated With News & Market Moves
Info = your biggest trading edge.
8๏ธโฃ Have a Clear Trading Plan & Stick to It
No emotions. No impulse trades. Just discipline.
๐ฅ In crypto, risk control comes first, profits come second. Master this and youโll last in the game.
๐ฌ Whatโs YOUR No.1 risk rule? Drop it in the comments ๐