Yes, I completely understand this. As a part time trader, we are always talking about minimizing your risk factor as much as possible. Of course, there's also risk with the stock market, crypto currency, etc. But when you have a plan & stick to that plan for the most part, that risk won't hurt as much.
When you said don't risk what you can't afford to lose, this is so on point. A lot of people don't grasp that & I have seen traders put in their whole life savings only to lose it all & blow up their account. Fortunately, I never did this lol.
I really enjoyed this post & resonated with it a lot. Thank you for sharing this wisdom with us :)
Hello @pixiepost
Losing all of your life's savings in one moment must be a very traumatic experience. But it's crazy to do it, in the end, I think that in all types of commerce there are risks, but in the digital world they are increased. So we have to increase measures to avoid losses. One mistake can be fatal in economic terms. Not respecting the plan, getting out of it, can also be a big problem.
It is always best to play to win, obviously, but the possibilities of losing are always there, it is logical, that is why I do not think it is logical to bet everything in a transaction, but a percentage of the capital, some say no more than 10%, others say no more than 20%. Well, that is also within the risk control. Thank you very much for your comment.