Hello, my dear friends๐งก
๐I would like to talk a little about money management and risk management. ๐๐ปThatโs very important in trading.
Because trading isnโt only psychology. ๐ ๐ปโโ๏ธYour financial result depends on how competently you can manage your available capital๐ธ.
๐ค๐ปRisk management - determining the maximum position volume in a transaction and the maximum stop value.
๐ Never enter the market with one position on all available capital.
The most common money management tactics:
โญ trade in all capital
โญ fixed lot
โญ fixed percentage
โญ optimal percentage
โญ safe percentage
โญ fixed proportion
๐๐ปBut no matter what money management tactics you choose, the essence will stay the same - you should always consider your risks (the amount, that you will lose in transaction).
If You entered the deal, You should always put Stop Loss, and keep in mind the price level after which you MUST close deal.
โThe concept of positive mathematical expectationโ
The average value of your profits must be higher than the average value of your losses.
THE MOST IMPORTANT RULE IN THE MARKET: ๐ด DON'T STOP! โฃDo not worry about your lossesโฃ
๐ค๐ปOnly on your own mistakes you can learn to be successful๐๐๐
And of course, ๐๐ปdonโt forget about improvement of your skills.๐ช๐ป
๐Read my EDU posts and everything will be cool :)
๐นStay with me๐น
Your Rocket Bomb๐๐ฃ
My previous ideas ๐๐ป
๐I would like to talk a little about money management and risk management. ๐๐ปThatโs very important in trading.
Because trading isnโt only psychology. ๐ ๐ปโโ๏ธYour financial result depends on how competently you can manage your available capital๐ธ.
๐ค๐ปRisk management - determining the maximum position volume in a transaction and the maximum stop value.
๐ Never enter the market with one position on all available capital.
The most common money management tactics:
โญ trade in all capital
โญ fixed lot
โญ fixed percentage
โญ optimal percentage
โญ safe percentage
โญ fixed proportion
๐๐ปBut no matter what money management tactics you choose, the essence will stay the same - you should always consider your risks (the amount, that you will lose in transaction).
If You entered the deal, You should always put Stop Loss, and keep in mind the price level after which you MUST close deal.
โThe concept of positive mathematical expectationโ
The average value of your profits must be higher than the average value of your losses.
THE MOST IMPORTANT RULE IN THE MARKET: ๐ด DON'T STOP! โฃDo not worry about your lossesโฃ
๐ค๐ปOnly on your own mistakes you can learn to be successful๐๐๐
And of course, ๐๐ปdonโt forget about improvement of your skills.๐ช๐ป
๐Read my EDU posts and everything will be cool :)
๐นStay with me๐น
Your Rocket Bomb๐๐ฃ
My previous ideas ๐๐ป
Write me if You need my support or wanna trade together ๐๐ป
Join me in๐๐ป:
๐๐ฃ t.me/+aAADzO1OqsQ2MGI0
๐ฐ I'm using Bybit and I highly recommend it to You. By using my link - You'll get a nice bonus
www.bybit.com/invite?ref=7X0W2A
Join me in๐๐ป:
๐๐ฃ t.me/+aAADzO1OqsQ2MGI0
๐ฐ I'm using Bybit and I highly recommend it to You. By using my link - You'll get a nice bonus
www.bybit.com/invite?ref=7X0W2A