I had one funny experience sometimes ago. Normally ever since I came to understand about cryptocurrency , I was made to understand that money could be made by trading or investment . Then I was so curious to make money from cryptocurrency , I came across so many experts who were so good with market prediction. Some even choose to take in people into their signal group for a duration of time for free.
Luckily I was selected into the signal group, Because of this opportunity I have to quickly raise a trading capitals so as to benefit from the free signal from the group. Trading signal were being dropped almost on a daily basis and from my assessment those signal were 75% accurate.
After 6 days of being in the group, my $30 worth of trading capital drops to $19 which indicates that I was not benefiting from the signal but rather I was losing. After a series of interaction with the signal expert, I was told that the reason for my inability to make profit was as a result of improper risk management..
Personally I did not understand , but what I observed from my few days on the group was that a single Fail trade will wipe out the profit i makes in two days together with part of my capital. Could this be as a result of improper risk management or any other thing I don't understand ? Please share your ideas. Thanks.
Luckily I was selected into the signal group, Because of this opportunity I have to quickly raise a trading capitals so as to benefit from the free signal from the group. Trading signal were being dropped almost on a daily basis and from my assessment those signal were 75% accurate.
After 6 days of being in the group, my $30 worth of trading capital drops to $19 which indicates that I was not benefiting from the signal but rather I was losing. After a series of interaction with the signal expert, I was told that the reason for my inability to make profit was as a result of improper risk management..
Personally I did not understand , but what I observed from my few days on the group was that a single Fail trade will wipe out the profit i makes in two days together with part of my capital. Could this be as a result of improper risk management or any other thing I don't understand ? Please share your ideas. Thanks.