STRATEGY #1: CONSIDER THE 1% RULE
⭐The 1% rule is a simple risk management strategy that entails not risking more than 1% of your total capital on an investment or trade. If you have $10,000 to invest and want to adhere to the 1% rule, there are a few ways to do so.
⭐One would be to purchase $10,000 worth of bitcoin ($BTC) and set a stop-loss or stop-limit order to sell at $9,900. Here, you would cut your losses at 1% of your total investment capital ($100).
⭐You could also purchase $100 of ether (ETH) without setting a stop-loss order, as you would only lose a maximum of 1% of your total capital if the price of $ETH were to drop to 0. The 1% rule doesn't affect the size of your investments but the amount you are willing to risk on an investment.
⭐The 1% rule is especially important for crypto users due to the market's volatility. It can be easy to get greedy, and some investors may put too much into one investment and even suffer heavy losses expecting their luck to turn.
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⭐The 1% rule is a simple risk management strategy that entails not risking more than 1% of your total capital on an investment or trade. If you have $10,000 to invest and want to adhere to the 1% rule, there are a few ways to do so.
⭐One would be to purchase $10,000 worth of bitcoin ($BTC) and set a stop-loss or stop-limit order to sell at $9,900. Here, you would cut your losses at 1% of your total investment capital ($100).
⭐You could also purchase $100 of ether (ETH) without setting a stop-loss order, as you would only lose a maximum of 1% of your total capital if the price of $ETH were to drop to 0. The 1% rule doesn't affect the size of your investments but the amount you are willing to risk on an investment.
⭐The 1% rule is especially important for crypto users due to the market's volatility. It can be easy to get greedy, and some investors may put too much into one investment and even suffer heavy losses expecting their luck to turn.
Like 👍 & Share 😀
