I am one of those traders who strongly thinks that preventing a massive loss is far better than waiting for an unrealistic future profits on the market or future bullish sentiment on the market..
I believe that preventing loss is even more important than making profits , at least when my capital is safe , then there is hope that I could still make money someday , but when I loose my capital , how will I even be able to invest and make profits??
So as for me I believe it is important for me to safe-guard my investment first even before thinking of how much profits I can make from the crypto market or not..
I am a kind of trader who believes that the more I can manage the risks on the crypto market, the easier it will be for me to handle any surprises on the market , it will make it easy for me to handle challenges on the market, those type of challenges that can ruin the investment of a trader if they are not handled well..
Though many people believe that the more the risks you are willing to take , the higher your chances of making money when the market goes in your favour , well thats cool but what if he market do not go in the favour of the person ? What if the market goes against the person ? Then it means the trader might also experienced a huge loss too same way they would have experience a huge profit if the market had gone in their favour..
So taking alot of risks have its pros and cons , but as for me I believe that it is better to focus more on how to save my investment than for me to focus only on how to make profits ..
