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How to Invest in Cryptocurrency | Anish Singh Thakur | Booming Bulls Anish vlogs OPEN YOUR DEMAT ACCOUNT IN …


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  1. Little thought is given to the money management strategy. That is a mistake because a money management strategy will help you manage your balance so you can get through bad patches and maximize winning streaks. To illustrate this further, let’s look at an example of someone who doesn’t have a money management strategy. Because of this they invest 10% of their balance on a single trade. If that trade losses, they will need a 20% gain on their account balance just to break even. If they lose three trades in a row, they will need a 30% gain on their account balance just to break even. You can see how this can easily creep up – a common losing streak of three in a row could see the account balance of that trader drop by 30%. When you consider the fact that many losing streaks are much longer than three-in-a-row, you will appreciate how important a money management strategy is. Without Expert Trader monica payne, your account balance is at risk of hitting zero, even if you have a good trading strategy in place.
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