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The foundation of profitable trading isn't just spotting opportunities—it's knowing when to step back. Risk management separates traders who survive market cycles from those who don't.
Start with these essentials: position sizing, stop-loss discipline, and portfolio allocation. Never risk more than you can afford to lose on a single trade. Understand your leverage limits, especially when trading volatile assets like Bitcoin, Ethereum, or altcoins.
The difference? Seasoned traders focus on capital preservation first, gains second. Build your trading playbook around protecting your portfolio, not chasing moonshots.