Crypto Stop Loss And Risk Management Strategy

 

If there’s one tool that goes a long way in trading cryptocurrency, it would be setting stop-losses. A stop-loss order works by automatically closing a cryptocurrency position when the price hits a pre-determined level. Stop-losses are vital for risk management. 

In this Conscious Crypto Traders YouTube video, Teresa goes solo and shows us how to master our crypto stop loss and risk management strategy. 

✔️To find out more about the conscious community we’re building in Costa Rica - please visit 

www.VistaMundo.info

✔️For Donations To Our Community: 

http://www.paypal.me/VistaMundo

✔️To Download the Leverage, risk, and Stop Loss calculator - Template here:

https://docs.google.com/spreadsheets/d/1e0JjAIaoI4A-6KX17OfSsgJpUJnzsaKPwKdgmW7TG7E/edit?usp=sharing Note: Make a copy of this template and add it to your G drive. 

💰Become a Profitable Trader with one of our mentors “The BlockChain Today’s” course:

https://theblockchaintoday.com/courses/become-a-profitable-crypto-trader/?ref=3

✔️Our VIP Crypto Mastermind

Crypto Ninjas: https://www.tradingcryptoninjas.com

✔️Tools

Sign up for a Free Tradingview Account - Upgraded Plans & Extra Features — TradingView

Sign up for an Account on Bybit Exchange - Referral Program (bybit.com)

They will ask you for KYC (Know Your Customer) identification as per international law for financial institutions.  So you’ll have to send them your passport and proof of address

Then click on the support button and ask them to set up a simulated trading account so you can practice trade

Sign up for an Account on Phemex Exchange - Register on Phemex

They will ask you for KYC (Know Your Customer) identification

Then click on the products dropdown menu and select Simulated Trading and follow the steps to set up a Simulated Trading Account

⚠️WARNING: Please be aware of FAKE profiles pretending to be Conscious Crypto Traders or any other Crypto YouTuber soliciting bitcoin and cryptos from you; offering to invest on your behalf; requesting you to Whatsapp them, or any other connection to extract your crypto. These guys are scammers. They are trolling crypto channels and stealing peoples’ crypto. Despite Crypto YouTubers warning their viewers of these activities, there are still people getting scammed out of their crypto. Be conscious of this and help us rat out these scumbags by shining the light on them, and naming them and their illicit activities. Thank you.

Always Trade Consciously 

❗Disclaimer: The material in this video is not financial advice. We are not financial advisors. This video is presented solely for information, education, and entertainment purposes and is not to be considered recommendations, solicitation, or an offer to buy or sell investments in cryptocurrencies or any related financial product. The views expressed in this video are completely speculative opinions and do not offer, nor guarantee, any specific result or profit. Trading and investing in cryptocurrencies are risky. The opinions are subject to change without notice. Conscious Crypto Traders, its affiliates, and associates accept no liability for any loss or damage arising from any actions you decide to take as a result of viewing this material. Before making any investment, or taking any trade, Conscious Crypto Traders, affiliates, and associates recommend you do your research and take responsibility for your own decisions.