đĄ Easy Risk Management Tips for New Crypto Traders đĄ
1ïžâŁ Only Invest What You Can Lose đž
Crypto prices go up âŹïž and down âŹïž very fast. Use money that wonât hurt you if itâs gone.
2ïžâŁ Know When to Buy & Sell âł
Before you trade, decide the price to enter (buy) and the price to exit (sell). Donât change your mind just because the market is moving fast.
3ïžâŁ Use Stop-Loss Orders đ
A stop-loss will sell your coins if the price drops too much â saving you from big losses.
4ïžâŁ Donât Put All Eggs in One Basket đ„đ§ș
Invest in different coins, not just one. This way, if one drops, others can help cover the loss.
5ïžâŁ Check Risk vs. Reward âïž
Pick trades where your profit goal is at least 2â3Ă bigger than your possible loss.
6ïžâŁ Be Careful with Leverage âĄ
Borrowing money to trade can make big profits but also big losses. Beginners should stick to normal (spot) trading first.
7ïžâŁ Stay Updated đ°
Follow crypto news, project updates, and rules in your country. Knowing more = losing less.
8ïžâŁ Have a Plan & Follow It đ
Set your goals, strategy, and limits before trading. Donât let emotions control you.
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