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Insights For Sound Trading

11/06/2018 11:05

The following is a short compilation of work from Bob Loukas with some tips on Risk Management, Cycles and Finding your style as a trader.

 

Bob Loukas is a firm believer that Risk Management is foundation that any great trader should be built upon. Protecting your trading capital should be the first thing any trader should consider before executing a trade.  That means evaluating first where you are wrong on any given trade setup/idea and knowing your stop when executing the trade. Utilizing the entry price and the stop price, you could then take on only enough size/leverage where you will lose no more than 1% of your trading capital in the event the stop is hit. 

 

(Small except from typical weekly video)

 


Bob is one of the best Cycles traders in the world.  The market moves in cycles and this is evident in crypto as well.  Cycles trading is about understanding periods of low points and high points. When you understand cycles, you can work for ideal entries.

 

 

(Small except from typical weekly video)


For more on Cycles, see Bob’s primer:
 https://bitcoin.live/blog/a-primer-on-cycles

 

Traders must find their own style.  You only copy someone else for so long.  Bob is happy to teach, provide insight and constructive criticism to help any trader of any experience level maximize their potential.

 

Thank you for taking the time to read Bob Loukas', "Insights for Sound Trading." We appreciate your interest in becoming an excellent cryptocurrency trader and would like to enhance your skills & knowledge.  You are encouraged to sign up for a membership with Bitcoin Live where you will gain access to a team of over six mentors with a variety of skills and over 100 years of trading experience. Click below and your education will begin.

 

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  • 0

    Thanks Bob for teaching us how to do risk management based trading. It is helpful.
    on ZRX, what is the next support area or at what price zone is good to enter? Thank you!

    H
    Submitted 1 month ago by Hunk
  • 0

    Thank you, Bob and BITCOIN.LIVE, for your excellent posts. I have recieved years worth of knowledge form Bitcoin.live in just a few months. I appreciate all the contributors and their area of expertise. I am delighted as the information is helping me to shape my own style in trading. I am less than a year into the crypto trading and have by passed a lot of amateur mistakes. The advice and guidance from this site has been well worth joining. An investment that is well worth every penny. Im looking forward to the future and for the next few years in the crypocurrency space.

     

    Submitted 1 month ago by Jennifer Kristi

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