*FREE BINANCE and CRYPTOCURRENCY COURSE*
_Module 6: Risk Management and Trading Psychology_
*Lesson 6.1: Advanced Risk Management*
1. Setting Risk Limits
2. Portfolio Diversification
3. Advanced Stop-Loss Management
*Lesson 6.2: Market Sentiment Analysis*
1. Identifying Sentiment Trends
2. Sentiment Indicator Analysis
3. Integration with Trading Strategies
*Lesson 6.3: Trading Psychology*
1. Recognizing Emotions in Trading
2. Stress and Anxiety Management
3. Maintaining Discipline
*Lesson 6.4: Strategies for Maintaining Discipline*
1. Creating a Trading Plan
2. Setting Clear Goals
3. Continuous Review and Adjustment
. Let's dive deeper into Lesson 6.1: Advanced Risk Management.
*Lesson 6.1.1: Setting Risk Limits*
Setting risk limits means determining how much you are willing to lose on an investment. This helps you control your losses and avoid losing more than you can afford.
*Steps to setting risk limits:*
1. Determine your risk tolerance: How much are you willing to lose?
2. Set a risk percentage: 2-5% of total capital.
3. Set a stop-loss: Order to sell when the price falls below the limit.
Example: If you have $10,000 and you set a risk limit of 3%, you will not invest more than $300 in a trade.
for clarity
continue to 6.1.2
