Five golden rules of risk management to make your trading more robust

The “2% rule”: Risk a single trade should be within 2% of your total trading account. This is like setting a firewall for your trading account - ensuring that every risk you take does not cause you to lose too much.

Volatility-based stop loss: Adjust the distance of your stop loss as the market fluctuates, just like adjusting the size of your umbrella according to the weather forecast. If the market is windy and rainy, your stop loss distance should also be flexible.

“Stepped” entry and exit: Building and exiting positions step by step, like climbing stairs instead of taking an elevator, can make your risk exposure more manageable and make your account more robust.

Set price alerts: You will receive alerts when the price reaches key levels. Just like your smartwatch reminds you to wake up, price alerts can help you make timely decisions at critical moments.

Backtest with actual slippage and fees: Calculate slippage and fees in your backtesting, just like calculating the various seasonings when you cook. This will make the profit data you get more realistic and reliable.

Master these rules and your trading journey will be more robust and risk-free. Don't forget that successful trading depends not only on accurate analysis, but also on effective risk management! #美国以太坊现货ETF开始交易 #美国大选如何影响加密产业？ #山寨季何时到来？ #市场动态 #风险建议 $ETH $XRP $BNB