ExtraLicense - Buy, Sell, & Trade Your Licenses

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How much can you afford to lose?

GloryAngel

Member
Valued Member
Whenever I go into a casino, I have a set amount of money that I can afford to lose and don't go beyond that. Do you think that Crypto is something similar when trading? Don't try to trade more than what you're willing to lose?
 

Heatman

Active member
Valued Member
Crypto and trading are 100% completely related. It's cryptocurrency that you get to trade with. It's the assets which you make use of when you're trading. Whenever I'm trading, I have a risk percentage that I'm always willing to lose in order to win. It's always going to be 10% risk ratio of my trading capital.
 

Frost

Member
Valued Member
I hate losing any amount of money whenever I am trading on cryptocurrency. The smallest of loss makes me very annoyed but it's not something that I can't stop. I can only be willing to lose $20 in a day with my trade.
 

Robertoo

Member
Valued Member
If you're buying and holding cryptocurrency, you can't be able to determine how much you're going to lose. This is because one big spike in the market would liquidate your assets. But in trading, you can decide to lose just $1 in any trade.
 

Dori

Member
Valued Member
To be very sincere, I don't wish to lose any money when trading but that's not possible. It's why most of the time, I try not to get into trading because once I'm not trading and staking, I'm not losing money.
 

TeeGee

Well-known member
Valued Member
Every single penny is valuable to me though I can loose money and still not worry too much about it but I still try as much as possible to gain and not loose.
 

Mimi

Member
Valued Member
I usually do limit losing and earning with my cryptocurrency trading. It's always on the ratio of $1:$10 or $2:$20.

What it means is that if I'm earning $10 from my trade, I'm risking just $1.
 

Zuby

Active member
Valued Member
Right now, I can't afford to lose any money again in cryptocurrency. I have lost more than I can bear which is why I have converted everything I have to a stable coin.
 

Shortie

Member
Valued Member
Cryptocurrency and gambling are very much alike. I would never trade any more than a set amount and the same would be for gambling as well. I would never gamble any more than I could afford.
 

Igba

Member
Valued Member
Cryptocurrency and gambling are very much alike. I would never trade any more than a set amount and the same would be for gambling as well. I would never gamble any more than I could afford.
I believe that with cryptocurrency, you have more control more than you do with gambling. In cryptocurrency trading, when you are basically able to study and know the price movement, you can trade make money without stress.
 
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