How To Avoid Major Drawdown In Crypto

When it comes to investment we all know that risk is involved and there's no other way to avoid the risk involved in crypto rather there's a major tendencies and strategy to reduce the risk involved in trading CRYPTOCURRENCY.

There are several ways to control the loss we might encounter in trading especially during this bearish trend that almost all traders are in loss or about to encounter loss for those that jumped into the market thinking the bearish trend is over. I have mapped out some steps to take to avoid huge loss In the market.

1. Making proper research on the project One needs to make good research on the exact project before thinking of investing on the project. You need to check out the owners of the project verify the CEO and other agents working on the project too to find out of is what you can risk or not if after making this decision you need to also invest what you can afford to loss nothing is certain in the market.

2. Applying risk management

Risk management is one of the major factors that people ignored during investment people don't look at what they are willing to loss they just look at the profits and allow greed to rule over them. To be able to fixed this problem you need to be calculative think about it as business and not as one of this double money scheme we see online. We need to treat CRYPTOCURRENCY as business if you take that mindset to the market you are likely to win most times. Look at your money base on percentage and do the proper calculations on how many percentage to risk per your capital.

Using this method you are likely to avoid losing much in this business. Thank you for reading my post.