Investing in cryptocurrencies as an addiction?

[MRY]

Managing finances and managing risk is something that should not be done in a trade, because it will determine our finances when we feel a loss. Because without both of them we might get a loss that we ourselves are not ready for.

Therefore, some people suggest always implementing stop loss and take profit. Stop loss to minimize losses and take profit to avoid greed.

Stop loss and take profit are two basic ways as a trader. because both are good methods where stop loss will minimize our losses while take profit is a way to get profit to avoid greed.
but in my opinion risk management is also needed in trading. Because by managing the risks we take will make us know the possibility of getting profit or having to lose.

The two basic measures, stop loss and take profit are steps that help us to be more planned when overcoming market fluctuations. A stop loss will help to ensure that losses do not inflate to high levels while take profit ensures that profits are protected without the trader being obsessed with trying to bet bigger.

Moreover, on the basis of my view, risk management is a significant starting point in each trade trick. It is a way of better understanding how the risks that we take will give us a better probability of what results might look like, in the form of gains and in the form of losses as well. It makes us much ready to encounter different scenarios as fully aware being.

[$crypto$]

Managing finances and managing risk is something that should not be done in a trade, because it will determine our finances when we feel a loss. Because without both of them we might get a loss that we ourselves are not ready for.

Therefore, some people suggest always implementing stop loss and take profit. Stop loss to minimize losses and take profit to avoid greed.

Stop loss and take profit are two basic ways as a trader. because both are good methods where stop loss will minimize our losses while take profit is a way to get profit to avoid greed.
but in my opinion risk management is also needed in trading. Because by managing the risks we take will make us know the possibility of getting profit or having to lose.

Yes, of course we should not just ignore it, without it all our trading journey might fall apart because we cannot manage everything very well. That is a basic lesson that we should understand.

Usually we ignore it because we consider it as something less important, but in reality it is one of the very important things that we must apply in trading. We cannot ignore even the smallest thing in trading.

[enwi]

Yes, of course we should not just ignore it, without it all our trading journey might fall apart because we cannot manage everything very well. That is a basic lesson that we should understand.

Usually we ignore it because we consider it as something less important, but in reality it is one of the very important things that we must apply in trading. We cannot ignore even the smallest thing in trading.

Literally, every aspect of trading needs to be monitored in order to gain the best possible outcome. When going through this process, we are always inclined to dismiss some aspects are insignificant while they actually are very important. When all of these are being attended to in the highest level of attention, then a sound platform for a standard and risk free trading experience is set.

And we all know that, accustomed to underestimating small things, we may actually hinder the progress that has been started. There should be in our minds the realisation that each move we make, or each action that we undertake has a bearing on the outcome. In this way we will be able to sustain the quality of trading decisions, minimise the undesired risks out there while in general, make our entire trading process more deliberate and premeditated.

[$crypto$]

Yes, of course we should not just ignore it, without it all our trading journey might fall apart because we cannot manage everything very well. That is a basic lesson that we should understand.

Usually we ignore it because we consider it as something less important, but in reality it is one of the very important things that we must apply in trading. We cannot ignore even the smallest thing in trading.

Literally, every aspect of trading needs to be monitored in order to gain the best possible outcome. When going through this process, we are always inclined to dismiss some aspects are insignificant while they actually are very important. When all of these are being attended to in the highest level of attention, then a sound platform for a standard and risk free trading experience is set.

And we all know that, accustomed to underestimating small things, we may actually hinder the progress that has been started. There should be in our minds the realisation that each move we make, or each action that we undertake has a bearing on the outcome. In this way we will be able to sustain the quality of trading decisions, minimise the undesired risks out there while in general, make our entire trading process more deliberate and premeditated.

Well, things that are considered unimportant are often ignored and missed, even though they could have a big impact on our trade. However, it seems that this is the natural nature of humans who often ignore something small even though its role is very large.

To be a good trader, we must be able to see everything, no matter whether it is important or not, big or not, we must still pay attention to it so that we don't regret it later.