Risk Management!
Successful Crypto trading is all about who manages risk well.
When you do scalping, you are willing to risk 3%-7% to get 10%-20%.
But when you go for swing trade, you are willing to manage -1000% to get +1000%. At any point if you loose your nerves to get panicked by any factor you can lose even your winning trade too.
For example you read chart of $BTC you analyze the current inflows compared to current demand which suggests you to open long position with 10X and 2% of your trading portfolio. Suppose you have $1000. You open trade with $20 margin with cushion of building trade to $100 margin. Market shifts momentum and everything falls as per your dca plan and you build it upto $100 with 3 dca levels. Now little shake could get you distracted, if you have good nerves, you will understand thay even market goes down -500% of your margin still you will be save as you have 90% funds to back you trade.
✍️ Author by 👑 @User09
