Risk management is *everything* in trading. It’s not just about the potential profits, but how much you're willing to lose on any given trade. Setting proper *stop-loss orders* and never risking more than *2% of your total portfolio* on a single trade is a good rule of thumb. - *Example*: If you're holding *5,000* worth of crypto, don't risk more than *100* on one trade. This minimizes the chance of wiping out your account in a single bad move. - *Prediction*: As the *market becomes more volatile*, having *risk management* in place is crucial. With Bitcoin’s unpredictability and altcoin swings, traders who ignore proper risk limits will likely see their profits diminish faster.
Eleanor Hughes is the General Counsel for Binance, where she leads the company's legal affairs. She also works closely with the global compliance team to support Binance's commitment to responsibly grow the industry in close collaboration with regulators and policymakers globally Hughes joined Binance’s Legal team in November 2021. She was subsequently promoted to be the Head of Legal for APAC and MENA, where she oversaw matters in the two regions and managed a team of lawyers specializing in re
#StopLossStrategies If you purchase a stock at a certain amount of money, say $20, and you want to make sure you don't lose more than 5 percent of your investment, you'll want to set your stop-loss order at $19. If the stock falls to $19 or below, it is automatically sold at the best market price at the moment.
According to Stock Trader, there are many reasons a person would want to set a stop-loss order. Doing so allows the trader to focus on other matters in his or her life, even during times of market volatility. This is because stop-losses don't need the investor to be present; they are completely automated.
Investors also like this technique because it removes all emotion and the possibility of over-thinking a sell. Investing can become an emotional trigger for some, resulting in poor practice and, eventually, loss. Creating a stop-loss is purely logical, which is important in an industry that requires discipline to succeed.
#DiversifyYourAssets To reduce the overall risk of an investment portfolio. The idea is that by holding a variety of investments, the poor performance of any one investment potentially can be offset by the better performance of another, leading to a more consistent overall return. Diversification thus aims to include assets that are not highly correlated with one another. Most investment professionals agree that, although it does not guarantee against loss, diversification is the most important component of reaching long-range financial goals while minimizing risk. Here, we look at why this is true and how to accomplish diversification in your portfolio.
Want to make your crypto work for you?Binance Earn Yield Arena is the ultimate platform to grow your assets effortlessly. Whether you're a HODLer or an active trader, there’s a way for everyone to maximize returns!
Yi He is a Chinese entrepreneur and investor best known for founding Binance, the world's largest cryptocurrency exchange, with Changpeng Zhao. She serves as the Chief Marketing Officer leading business, marketing, and branding strategy at Binance and is also the head of Binance Labs. Yi He was born in 1986 in China. She grew up in a rural area in Sichuan province in western China, where her parents worked as teachers. In one of her interviews, she mentioned: “I'm from a very small village and a
Binance Holdings Ltd., branded Binance, is the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies. Binance was founded in 2017 by Changpeng Zhao, a developer who had previously created high-frequency trading software. #ChangpengZhao #YiHe #PowellRemarks