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Bitcoin Investor Guide

Day 9: Risk Management Strategies

Trading Bitcoin is not like betting all your money on red at a casino. In fact, it’s the opposite. You are taking a percentage of your chips and betting 23 after number crunching and calculating your odds and seeing it show up 50+ times today.  You believe strongly in 23 but you aren’t willing to go broke over 23.  You are willing to bet but make sure you have enough capital for other opportunities. And you are willing to only lose so much betting on 23 but if it doesn’t come up you take your losses and move on to the next one that makes sense. 

What you will learn in this video…

Balancing your position size
Preserving capital for trades
Using a stop loss
Trading is a marathon. Not a sprint

Up next: Avoiding crypto scams

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