Managing risk in the markets is vital to our long term success. There are a number of strategies that can be employed to do this. It only takes a quick search to come up with these different approaches.
In this video I discuss a few ways to do this and why it is so important. Blowing up one's account is never a good thing.
▶️ 3Speak
You've essentially said it all, a lot of people do not take profit all the way to the top, since they don't know the top or the limit before a bear hits sometimes they get burned pretty bad.
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Like all successful traders say, take profits along the way since the market is so unpredictable. You don't have to aim for the exact bottoms or tops since you are a winner so long as you make money.
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That's a good tip. It's a simple concept, but a lot of people completely ignore it and end up exposing themselves to a lot of unnecessary risks or leaving easy money on the table.
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Speaking of taking profits my strategy is to exchange the coins that I don't want to keep anymore to tether and then to invest in the coins that I really want in the bear market
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