Mastering Emotions and Managing Risk in Cryptocurrency Trading

When it comes to trading, there are several steps you can take in order to reduce your exposure to the market extremes of price volatility.

A combination of both technical and fundamental analysis can be used to determine the true worth of a company or asset, securing a greater chance of success with a particular investment while reducing your risk along the way.

But for that, you need a plan.

Mastering your emotions

Developing a successful risk management plan is paramount in minimizing unexpected outcomes, translating into an overall reduction in your losses.

A successful risk management plan should also run parallel to your crypto trading journal records, working in conjunction to curb poor trading behavior while simultaneously justifying your fundamental expectations. 

Sometimes temptation leads to poor choices and it is no more on display than a market driven by fear and greed.

By reducing harmful or negative trading habits, one can hope to increase profit…