<center>![Capture.JPG](https://cdn.steemitimages.com/DQmcGMbku5Yb6XZz7ouqoRBpKC2uGPqN7jmaiVMWjys1qXw/Capture.JPG)</center> *<div class="pull-right"><a href="http://profitpoint.eu/cryptocurrency-risk-management/">Image Source</a></div>* <br> Most coins are volatile in the cryptocurrency ecosystem but they generally move together day to day. The most widely used diversification strategy for hedging against too much risk is to build the foundation of your portfolio on the most vetted, reputable coins. Today I’ll discuss risk management and how creating a strategy will help you become a better trader. ### Table of Contents: 1. <a href="https://steemit.com/investing/@altcointrading/day-1-top-7-costliest-mistakes-trading-cryptocurrency-1-fud-and-fomo">FUD and FOMO</a> 2. <a href="https://steemit.com/investing/@altcointrading/day-2-top-7-costliest-mistakes-trading-cryptocurrency-2-using-wrong-tools">Wrong Tools</a> 3. <a href="https://steemit.com/investing/@altcointrading/day-3-top-7-costliest-mistakes-trading-cryptocurrency-3-wrong-entry-point">Wrong Entry Point</a> 4. <a href="https://steemit.com/investing/@altcointrading/day-4-top-7-costliest-mistakes-trading-cryptocurrency-4-technical-analysis-done-wrong">Technical Analysis Done Wrong</a> 5. <a href="https://steemit.com/investing/@altcointrading/day-5-top-7-costliest-mistakes-trading-cryptocurrency-5-not-understanding-the-order-book-correctly">Not Understanding the Order Book Correctly</a> 6. Risk Management 7. <a href="https://steemit.com/investing/@altcointrading/day-7-top-7-costliest-mistakes-trading-cryptocurrency-7-is-day-trading-really-for-you">Is Day Trading Really For You?</a> ## Risk Management To be a successful day trader, you need to deploy various risk management strategies in order to mitigate risk. These could be things like setting stop losses, settings limits, and allocating funds. Here is personally what I do with my cryptocurrency trading. Please note: this is a breakdown of just my crypto investments which make up about 50% of my total investments. I allocate 60% for trading and 40% for long-term BTC holding. That 40% BTC is stored offline on a hard wallet. It’s hard to tell which altcoins will be relevant in the next 3-5 years. I suspect most current altcoins will be overtaken by newer and more exciting tech so that’s why I avoid holding an altcoin for long term (over 3 years I consider long-term). Next, with that 60% left for trading I split that in half. 30% I trade BTC pairs, and the other 30% I trade USDT pairs. To read the full article visit: <a href="https://www.altcointradingsignal.com/top-7-costliest-mistakes-trading-cryptocurrency/">Top 7 Costliest Mistakes Trading Cryptocurrency</a> ## <center>Follow: @altcointrading</center> <p> <div class="pull-left"><a href="https://www.altcointradingsignal.com/cryptocurrency-signals"><img src="https://www.altcointradingsignal.com/wp-content/uploads/2019/04/Cryptocurrency-Trading-Signals-new.jpg" alt="CryptocurrencyTradingSignals" ></a></div> <div class="pull-right"><a href="https://www.altcointradingsignal.com/gunbot-review/"><img src="https://www.altcointradingsignal.com/wp-content/uploads/2019/04/Gunbot-Review.jpg" alt="gunbot" ></a></div> <center><a href="https://www.youtube.com/channel/UCEr1gS7QOVQ2VQ9nWGhyD-A">YouTube</a></center> <center><a href="https://www.reddit.com/r/AltcoinTradingSignals/">Reddit</a></center> <center><a href="https://altcointradingsign.blogspot.com">Blogger</a></center>
post_id | 73,160,776 |
---|---|
author | altcointrading |
permlink | day-6-top-7-costliest-mistakes-trading-cryptocurrency-6-risk-management |
category | investing |
json_metadata | {"tags":["investing","trading","bitcoin","crypto","cryptocurrency"],"users":["altcointrading"],"image":["https:\/\/cdn.steemitimages.com\/DQmcGMbku5Yb6XZz7ouqoRBpKC2uGPqN7jmaiVMWjys1qXw\/Capture.JPG","https:\/\/www.altcointradingsignal.com\/wp-content\/uploads\/2019\/04\/Cryptocurrency-Trading-Signals-new.jpg","https:\/\/www.altcointradingsignal.com\/wp-content\/uploads\/2019\/04\/Gunbot-Review.jpg"],"links":["http:\/\/profitpoint.eu\/cryptocurrency-risk-management\/","https:\/\/steemit.com\/investing\/@altcointrading\/day-1-top-7-costliest-mistakes-trading-cryptocurrency-1-fud-and-fomo","https:\/\/steemit.com\/investing\/@altcointrading\/day-2-top-7-costliest-mistakes-trading-cryptocurrency-2-using-wrong-tools","https:\/\/steemit.com\/investing\/@altcointrading\/day-3-top-7-costliest-mistakes-trading-cryptocurrency-3-wrong-entry-point","https:\/\/steemit.com\/investing\/@altcointrading\/day-4-top-7-costliest-mistakes-trading-cryptocurrency-4-technical-analysis-done-wrong","https:\/\/steemit.com\/investing\/@altcointrading\/day-5-top-7-costliest-mistakes-trading-cryptocurrency-5-not-understanding-the-order-book-correctly","https:\/\/steemit.com\/investing\/@altcointrading\/day-7-top-7-costliest-mistakes-trading-cryptocurrency-7-is-day-trading-really-for-you","https:\/\/www.altcointradingsignal.com\/top-7-costliest-mistakes-trading-cryptocurrency\/","https:\/\/www.altcointradingsignal.com\/cryptocurrency-signals","https:\/\/www.altcointradingsignal.com\/gunbot-review\/","https:\/\/www.youtube.com\/channel\/UCEr1gS7QOVQ2VQ9nWGhyD-A","https:\/\/www.reddit.com\/r\/AltcoinTradingSignals\/","https:\/\/altcointradingsign.blogspot.com"],"app":"steemit\/0.1","format":"markdown"} |
created | 2019-04-15 18:30:42 |
last_update | 2019-04-16 00:35:42 |
depth | 0 |
children | 0 |
net_rshares | 41,220,949,810,934 |
last_payout | 2019-04-22 18:30:42 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 19.418 SBD |
curator_payout_value | 6.215 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 3,490 |
author_reputation | 54,394,570,956,352 |
root_title | "[Day 6] Top 7 Costliest Mistakes Trading Cryptocurrency #6. Risk Management" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
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warofcraft | 0 | 29,127,993,263 | 20% | ||
psygambler | 0 | 6,740,306,407 | 50% | ||
penguinpablo | 0 | 128,172,495,114 | 5% | ||
carterx7 | 0 | 4,618,902,366 | 100% | ||
thatmemeguy | 0 | 4,313,311,109 | 100% | ||
phonetix | 0 | 4,895,013,247 | 100% | ||
frsvp | 0 | 3,443,521,159 | 100% | ||
gunina | 0 | 142,165,893 | 50% | ||
seongbuk | 0 | 2,544,994,224 | 100% | ||
schlees | 0 | 5,207,828,984 | 6% | ||
jerrybanfield | 0 | 1,667,315,081,693 | 9.47% | ||
yoonwonlim | 0 | 2,747,144,701 | 100% | ||
sam99 | 0 | 2,143,230,579 | 1% | ||
jacksonoskele | 0 | 584,789,784 | 50% | ||
cifer | 0 | 3,969,996,254 | 6% | ||
bim.scouting | 0 | 2,492,923,013 | 100% | ||
tonpa | 0 | 3,391,697,259 | 10% | ||
dream.trip | 0 | 2,415,052,177 | 100% | ||
steem-d-anlovnit | 0 | 12,652,145,526 | 25% | ||
always.unlimited | 0 | 529,207,327 | 100% | ||
rocky1 | 0 | 10,105,135,365,770 | 16.85% | ||
buildawhale | 0 | 8,418,396,981,559 | 15.6% | ||
elixbaba | 0 | 209,925,147 | 50% | ||
hannesl | 0 | 5,782,823,914 | 100% | ||
mrpirated | 0 | 168,000,746 | 50% | ||
pat9 | 0 | 292,104,961 | 100% | ||
silasvogt | 0 | 157,460,246 | 25% | ||
dedeleyman | 0 | 461,133,503 | 85% | ||
lrd | 0 | 1,931,688,531 | 100% | ||
yusifm | 0 | 216,281,911 | 50% | ||
postpromoter | 0 | 9,443,971,606,922 | 65.1% | ||
pasaift | 0 | 1,850,924,363 | 10% | ||
afifa | 0 | 1,486,487,958 | 20% | ||
steemnews-fr | 0 | 2,899,087,788 | 100% | ||
emmanuelacheamp | 0 | 154,621,708 | 50% | ||
freetime | 0 | 96,650,265 | 100% | ||
blinks | 0 | 100,171,611 | 10% | ||
cryptonized | 0 | 18,372,008,288 | 5% | ||
upmyvote | 0 | 2,072,387,054,962 | 12.51% | ||
luoq | 0 | 5,594,565,190 | 100% | ||
r351574nc3 | 0 | 5,746,576,113 | 100% | ||
josejirafa | 0 | 5,689,253,290 | 100% | ||
animad | 0 | 416,064,034 | 100% | ||
m1alsan | 0 | 450,511,329 | 50% | ||
vaansteam | 0 | 132,489,257,051 | 30% | ||
platomaniac | 0 | 1,501,345,034 | 100% | ||
safedeposit | 0 | 2,478,665,116 | 100% | ||
dayveedben | 0 | 95,092,728 | 50% | ||
nadinka | 0 | 95,803,212 | 100% | ||
macspeaks | 0 | 4,296,199,798 | 100% | ||
cemke | 0 | 17,320,931,743 | 80% | ||
yhoh | 0 | 4,617,028,214 | 100% | ||
sezenke | 0 | 21,613,356,957 | 100% | ||
sylinda | 0 | 235,250,067 | 50% | ||
naijatimez | 0 | 92,715,184 | 50% | ||
takowi | 0 | 5,165,865,786 | 100% | ||
roybrown | 0 | 343,685,529 | 20% | ||
ozlemkeskin | 0 | 249,961,387 | 50% | ||
smart-shaegxy | 0 | 238,304,546 | 50% | ||
sir.skillful1 | 0 | 162,529,625 | 20% | ||
grandjury | 0 | 639,459,138 | 100% | ||
kapiten.ak47 | 0 | 250,891,662 | 50% | ||
nandaibra | 0 | 165,332,029 | 50% | ||
oguylmz | 0 | 245,646,262 | 50% | ||
salihp | 0 | 250,061,038 | 50% | ||
hulyadurak | 0 | 250,135,677 | 50% | ||
nyakrahmat | 0 | 238,250,439 | 50% | ||
liderkarabulut | 0 | 130,571,238 | 30% | ||
ulqu3 | 0 | 4,870,518,252 | 20% | ||
therising | 0 | 8,869,197,104,723 | 7% | ||
atilay | 0 | 250,061,038 | 50% | ||
blaqboyikott | 0 | 235,821,463 | 50% | ||
justlibby | 0 | 4,930,111,493 | 100% | ||
steemingmark | 0 | 3,541,569,728 | 100% | ||
lorenzopistolesi | 0 | 796,869,956 | 5% | ||
cryptobeginner | 0 | 174,868,209 | 40% | ||
oluwasetemi | 0 | 411,913,869 | 90% | ||
oluwashinaayomi | 0 | 658,006,706 | 50% | ||
lazovicov | 0 | 250,291,395 | 50% | ||
nigerian-yogagal | 0 | 2,730,700,900 | 50% | ||
sanne | 0 | 74,690,281 | 50% | ||
geekmind | 0 | 241,320,239 | 50% | ||
ehizzy | 0 | 250,095,666 | 50% | ||
janebirkin | 0 | 250,678,834 | 50% | ||
syahrin | 0 | 246,789,572 | 50% | ||
resteemdone | 0 | 795,333,560 | 60% | ||
ensshkrt | 0 | 260,361,945 | 50% | ||
pablorg94 | 0 | 232,886,906 | 60% | ||
obaku | 0 | 1,535,230,301 | 100% | ||
bliki | 0 | 363,908,573 | 80% | ||
dugan | 0 | 2,724,938,461 | 100% | ||
olive-garden | 0 | 0 | 5% | ||
quimberly | 0 | 251,364,573 | 50% | ||
new-voices | 0 | 110,079 | 5% | ||
bzybyte | 0 | 2,320,685,797 | 100% | ||
masaitv | 0 | 70,171,445 | 20% | ||
mazdaes | 0 | 917,257,687 | 80% | ||
seat.leon | 0 | 364,066,912 | 80% | ||
prohunonir | 0 | 532,457,257 | 100% | ||
bojorytoolb | 0 | 534,794,535 | 100% | ||
venicejacobella | 0 | 130,415,713 | 30% | ||
hebetseves | 0 | 545,133,890 | 100% | ||
ocundhatfa | 0 | 535,205,014 | 100% | ||
unenintio | 0 | 536,207,590 | 100% | ||
katherinec | 0 | 531,995,988 | 100% | ||
jasmineg47 | 0 | 547,090,670 | 100% | ||
haleydztmylee | 0 | 531,800,223 | 100% | ||
elizabethk87r6 | 0 | 551,848,248 | 100% | ||
steemchoose | 0 | 13,618,718,233 | 7.5% | ||
macro-good | 0 | 251,267,082 | 50% | ||
gbindinazeez | 0 | 2,896,247,860 | 50% | ||
loveforlove | 0 | 242,789,227 | 50% | ||
sumonflair | 0 | 250,703,614 | 50% | ||
davesmart | 0 | 250,891,662 | 50% | ||
venustory | 0 | 190,209,455 | 50% | ||
wenxuecity | 0 | 0 | 5% | ||
alien-mastermind | 0 | 137,811,606 | 50% | ||
okido | 0 | 4,179,229,934 | 100% | ||
faithm | 0 | 534,797,749 | 100% | ||
makaylank | 0 | 553,151,031 | 100% | ||
samanthaq | 0 | 534,936,205 | 100% | ||
katherineye | 0 | 533,302,863 | 100% | ||
djaay | 0 | 167,534,552 | 50% | ||
nawiaceh | 0 | 251,154,251 | 50% | ||
alexandrao | 0 | 533,865,823 | 100% | ||
alexandra612l | 0 | 540,286,619 | 100% | ||
mdtouhid | 0 | 250,891,662 | 50% | ||
rf-abol | 0 | 249,974,673 | 50% | ||
jakedavis224 | 0 | 453,275,618 | 50% | ||
saifulhuri | 0 | 162,190,836 | 50% | ||
maylocanlay | 0 | 550,616,021 | 100% | ||
wicatennewp | 0 | 528,027,125 | 100% | ||
lidothele1975 | 0 | 537,475,869 | 100% | ||
okalbucar | 0 | 549,061,418 | 100% | ||
mcadevinar | 0 | 552,124,747 | 100% | ||
up1 | 0 | 1,327,848,421 | 3.21% | ||
sojol527 | 0 | 246,297,046 | 50% | ||
barnacoi | 0 | 252,091,130 | 100% | ||
teamcn-shop | 0 | 5,574,239,681 | 10% | ||
al-arabi | 0 | 491,168,834 | 100% | ||
mco | 0 | 1,100,601,488 | 13.29% | ||
maglerky | 0 | 248,653,570 | 50% | ||
simmani | 0 | 945,914,197 | 6.23% | ||
altcointrading | 0 | 11,334,539,737 | 100% | ||
epo1212 | 0 | 549,550,831 | 100% | ||
astrochologist | 0 | 1,804,304,643 | 100% | ||
ddn688 | 0 | 37,874,762 | 20% | ||
ordinaryamerican | 0 | 9,954,605,311 | 10% | ||
simmania | 0 | 1,198,504,517 | 44.36% | ||
imkinggirl | 0 | 138,893,815 | 50% | ||
manimoa | 0 | 1,222,613,029 | 38.66% | ||
morca | 0 | 2,087,847,157 | 100% | ||
krwhales | 0 | 535,995,956 | 100% | ||
dontfollowme | 0 | 542,270,302 | 100% | ||
igbotier | 0 | 1,887,998,199 | 100% | ||
eternalsuccess | 0 | 13,296,715,521 | 100% | ||
idiom | 0 | 504,435,182 | 100% | ||
agolasol | 0 | 1,315,552,086 | 100% | ||
thenakedtruth | 0 | 4,721,069,439 | 100% | ||
supu | 0 | 14,528,749,731 | 2% | ||
neshicati | 0 | 487,483,465 | 100% | ||
yiseced | 0 | 487,601,553 | 100% | ||
hitalyet | 0 | 487,549,153 | 100% | ||
ahruprof | 0 | 487,561,618 | 100% | ||
ratondofi | 0 | 487,551,975 | 100% | ||
rastamanka | 0 | 487,569,825 | 100% | ||
sigar | 0 | 487,465,105 | 100% | ||
tipsitip | 0 | 487,488,558 | 100% | ||
steem-blockchain | 0 | 487,497,939 | 100% | ||
strategy.trade | 0 | 487,472,444 | 100% | ||
gigabodze | 0 | 487,491,575 | 100% | ||
hustiers | 0 | 487,492,077 | 100% | ||
atone | 0 | 487,463,982 | 100% | ||
uron | 0 | 487,451,142 | 100% | ||
sofoupio | 0 | 487,598,087 | 100% | ||
indonger | 0 | 487,592,443 | 100% | ||
rateser | 0 | 487,597,623 | 100% | ||
timupl | 0 | 487,313,374 | 100% | ||
ucespo | 0 | 487,236,044 | 100% | ||
uners | 0 | 487,294,858 | 100% | ||
otocil | 0 | 487,274,867 | 100% | ||
onidi | 0 | 487,347,831 | 100% | ||
esteredor | 0 | 487,330,440 | 100% | ||
ilered | 0 | 487,348,543 | 100% | ||
ojenengon | 0 | 487,343,319 | 100% | ||
iteritr | 0 | 487,331,269 | 100% | ||
inesore | 0 | 487,295,483 | 100% | ||
teratin | 0 | 487,203,288 | 100% | ||
seril1 | 0 | 487,168,588 | 100% | ||
itameto | 0 | 487,226,783 | 100% | ||
yomist | 0 | 487,201,672 | 100% | ||
arero | 0 | 487,243,770 | 100% | ||
andofon | 0 | 487,278,145 | 100% | ||
uparo | 0 | 487,214,340 | 100% | ||
yimec | 0 | 487,328,957 | 100% | ||
werdur | 0 | 487,197,883 | 100% | ||
eradest | 0 | 487,278,497 | 100% | ||
edeante | 0 | 487,322,649 | 100% | ||
atrainsi | 0 | 487,261,396 | 100% | ||
engeem | 0 | 487,205,562 | 100% | ||
rerdoo | 0 | 487,188,604 | 100% | ||
teerouce | 0 | 487,341,793 | 100% | ||
padean | 0 | 487,156,497 | 100% | ||
yathusisi | 0 | 487,181,397 | 100% | ||
edidrasa | 0 | 487,186,207 | 100% | ||
terest | 0 | 487,165,146 | 100% | ||
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uwalyis | 0 | 487,236,713 | 100% | ||
ocofe | 0 | 487,197,855 | 100% | ||
nurtithu | 0 | 487,199,109 | 100% | ||
sofuns | 0 | 487,239,578 | 100% | ||
sasenga | 0 | 487,288,944 | 100% | ||
ridinsot | 0 | 487,290,811 | 100% | ||
isalea | 0 | 487,264,392 | 100% | ||
yughur | 0 | 487,195,837 | 100% | ||
surof | 0 | 487,233,311 | 100% | ||
ningast | 0 | 487,196,885 | 100% | ||
iretlu | 0 | 487,229,589 | 100% | ||
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pumia | 0 | 487,248,669 | 100% | ||
inderen | 0 | 487,254,336 | 100% | ||
pacarr | 0 | 487,173,445 | 100% | ||
lifturino | 0 | 487,208,877 | 100% | ||
lirit | 0 | 487,205,612 | 100% | ||
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rustenofr | 0 | 487,257,509 | 100% | ||
urorest | 0 | 487,186,387 | 100% | ||
immot | 0 | 487,249,087 | 100% | ||
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sathecumi | 0 | 487,196,223 | 100% | ||
putqer | 0 | 487,118,055 | 100% | ||
cultinnot | 0 | 487,222,042 | 100% | ||
herindist | 0 | 487,147,887 | 100% | ||
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lasorte | 0 | 487,071,939 | 100% | ||
edeady | 0 | 487,144,775 | 100% | ||
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steemblockdollar | 0 | 551,293,745 | 100% | ||
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