đą CRYPTO TRADING RULES: PROTECT YOUR CAPITAL! đ°
Many traders lose money because they trade without a Stop Loss (SL) or proper risk management.
â 1. Risk Management Rules
đ” Account Balance: $100
- Risk per trade: 1% = $1
- Maximum risk per trade: 2% = $2
đ” Account Balance: $500
- Risk per trade: 1% = $5
- Maximum risk per trade: 2% = $10
đ” Account Balance: $1,000
- Risk per trade: 1% = $10
- Maximum risk per trade: 2% = $20
đ 2. Stop Loss (SL)
Set your SL according to the chart's support, resistance and volatility. Your position size should ensure that an SL hit results in only your planned dollar loss.
đŻ 3. Take Profit (TP)
Aim for a potential reward of at least 2 times your risk when the setup allows it.
đ 4. Follow These Golden Rules
âïž Always set SL before entering a trade.
âïž If TP hits, close the trade and secure your profit.
âïž If SL hits, accept the loss and close the trade.
âïž Never move your SL farther away to avoid a loss.
âïž Never revenge trade after a loss.
đ„ REMEMBER:
PROTECT YOUR CAPITAL FIRST. PROFITS COME SECOND.
Trade with a plan, not with emotions! đ
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