Proper risk management?
Proper risk management?
Well this is it guys because today i would like to share this tool that can help us to have a proper risk management when it comes trading..
Its a free tool actually and it’s called winrate.io
This tool can estimate our earnings and losses from trading by simulating trades based on winrate, fees, leverage etc.
This is a big help especially if your trading with leverage
Infact you can run your own strategy as well to see it if it’s good or not.
See the image below..
60 wins 40 losess you still have an amazing winrate as long as you have a proper risk management..
Thay can be helpful in trading, but emotion is very important aspect to face while trading. Risk management in this case can be helpful for people that are trading several coins at a time, this is common in forex trading. Since I have been trading cryptocurrencies, I noticed their price move in the same direction, I prefer to choose just one coin and which is bitcoin.
What I am trying to say is that risk management is beyond using app or any software that will calculate the percentage wining and losses, it is also about mindsets and emotions about opening and closing a trade at the appropriate time.