🔥 5 golden risk-management rules in crypto (don’t trade without them!)
Success in the cryptocurrency market does not depend only on knowing when to buy; it mainly depends on "how to protect your capital." If you want to continue and achieve sustainable profits, make these rules your trading constitution: Rule of 1% (or 2% at most): Never risk more than 1% to 2% of your total capital in a single trade. If your account has $1000, the maximum loss you should accept in one trade must not exceed $10 to $20. This ensures you stay in the market even if you face a streak of losses.
Every 4 years or so, an event called "Halving" occurs for Bitcoin, where the mining reward is cut in half, reducing the amount of new Bitcoin entering the market.
Many investors consider this event one of the key factors that impact the crypto market.