One of the most important topics in trading/investing, especially in crypto markets, is practicing proper risk management. But what does "proper risk-management" mean and how do you go about reducing risk to protect your capital? In this episode, we touch on important risk management topics including: types of risk, risk/reward, position-sizing, exiting a position, and practical tips that will help you protect your capital.
Resources in this episode, risk-of-ruin charts/calculators below:
https://2ndskiesforex.com/risk-of-ruin-calculator/
http://bettersystemtrader.com/riskofruin/