📢 CRYPTO TRADING RULES: PROTECT YOUR CAPITAL! 💰
Many traders lose money because they trade without a Stop Loss (SL) or proper risk management.
✅ 1. Risk Management Rules
💵 Account Balance: $100
- Risk per trade: 1% = $1
- Maximum risk per trade: 2% = $2
💵 Account Balance: $500
- Risk per trade: 1% = $5
- Maximum risk per trade: 2% = $10
💵 Account Balance: $1,000
- Risk per trade: 1% = $10
- Maximum risk per trade: 2% = $20
📉 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.
🎯 3. Take Profit (TP)
Aim for a potential reward of at least 2 times your risk when the setup allows it.
🛑 4. Follow These Golden Rules
✔️ Always set SL before entering a trade.
✔️ If TP hits, close the trade and secure your profit.
✔️ If SL hits, accept the loss and close the trade.
✔️ Never move your SL farther away to avoid a loss.
✔️ Never revenge trade after a loss.
🔥 REMEMBER:
PROTECT YOUR CAPITAL FIRST. PROFITS COME SECOND.
Trade with a plan, not with emotions! 📊
#Bitcoin #cryptotrading #Risk Management #stoploss #tradingpsychology $ETH $NVDAB
