Crypto is not just about trading, but if you want to stick with it, you need to be disciplined, control your emotions, and acquire some strategies. Otherwise, it will only be limited to trading and will ultimately lead you to losses. The Secret of Trading that 90% of Beginners Ignore
Many believe that making money in crypto depends only on choosing the right coin… but the real secret lies in risk management and discipline. Here are 3 points that completely change your game:
[source](https://pixabay.com/photos/man-computer-stock-trading-finance-5782415/)
- Never risk more than 2% of your capital in a trade. This way, even if you make 10 mistakes in a row, you still have money to continue. We should invest a very small amount instead of investing the entire amount. As a result, we can use the extra large amount of funds later. If we use two to three percent of our funds and later when the market is down, we can use the same amount from there again, then we can be very safe.
- Always set a Stop Loss. Entering without a stop is like driving without brakes: it might go well for a while, but eventually, an accident will happen. Moreover, these markets are known for their volatility. Anything can happen here in an instant, so using stop losses is very important to protect against major crashes.
- Follow a strategy and not your emotions. The market will always try to deceive you with pumps and dumps. Those who follow a plan survive, while those who follow emotions lose. Moreover, the most important thing is that we should trade according to a set of principles and completely control our emotions.
# Result:
Even with a hit rate of only 40% in your trades, you can be profitable if you have risk management and consistency. The difference between traders who win and those who lose is not the knowledge of the chart… but rather emotional control and risk management.
