If you want to win in trading, keep your losses so small.

It doesn't matter if you are trading crypto or forex, always have it in mind that your capital is your power.

It is the only thing that gives you the chance to fight back when you are down.

Once you lose it all, you are outta the game man! The fight is over.

A lot of people talk about capital preservation, but how many of you are preserving your capital?

I have talked about why stopping loss is important. It is your insurance against unforeseeable events.

If you agree with me that car, health, and life insurance are important, then using stop loss should come naturally to you.

Yes, I acknowledge that it is possible to trade without using a stop loss.

This type of trading strategy is for big traders who have access to millions of dollars or unlimited amounts of resources.

Despite this, they still hedge their positions at some points.

Additionally, they have access to industry information that you don't have at your disposal.

Are you gonna trade like them?

Thinks about this.

The only condition for not using stop loss is when you have a cool hedging strategy.

Go online and learn about it, it might make a big difference in your trading career.

Protect your capital with all thy might.

If you can manage your risk well, trust me, you will surely be profitable in a long term.

Because you still have capital, as you develop your trading skills, the capital will be available to you.

The most powerful lion cannot win any fight when his teeth are gone. Again, your capital is your teeth.

If you lose 40% of your account balance, you need to make 66.7% profit to make it back!

Read that again.

How easily can you make 66.7% profit and how fast can you earn it?

A trader who is able to trade for 90 days without blowing up his account is on his way to success.

It takes a lot of discipline and knowledge to achieve this, but I know that you can do it. You only need a reminder like this, something to keep you on track.

The issue here is that you are quick to take a small profit, but too slow to take small losses until it becomes big.

Stopeet!

Cut your bad trades early by using a stop loss as soon as you notice that you are in the wrong position.

What is the point in making 20% in a month, and you allow 5 bad trades to take it all?

Trading is a business, do whatever you can to make it a success.

Do you understand?

Today's letter is not talking to investors, it is for traders because they are both living in different worlds even though their overall interest is profits.

I like to read your trading success stories as well as challenges.

Ojeniyi Ayobami Abimbola is your guy that teaches crypto in simple Nigerian English language.

See you at the top!

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