đ° Money Management Tips for BTC Traders đ§
Keeping your account afloat is more important than making profits in trading.
And that is possible through proper money management. See below đ
---
đ How to do Money Management:
â Risk per Trade: â Do not take more than 1-2% risk of the account
â For example, if you have $150, risk $1.5â$3
â Stop Loss (SL): â No trade without SL
â SL protects capital, provides peace of mind
â Risk-Reward Ratio (RR): â Ensure at least 1:2 RR for every trade
â If risking $10, target $20 profit
â Break Even & Partial: â Bring SL to BE after hitting TP1
â Take partial profit, let the rest run
â Avoid Revenge Trades: â One loss doesnât mean youâve lost everything
â Analyze before taking the next trade
---
đ A safe trade is a smart trade
â¤ī¸ Like if you control your risk
đ Repost to help new traders
#BTC$BTC $BTC #CryptoTips #SmartTrading #BinanceSquare #WriteToEarnBinance #BanglaCrypto