<b>Answer: </b>Cryptocurrencies offer several benefits such as reduced transaction fees, faster global transactions, and greater privacy compared to traditional banking systems. However, they also come with risks like price volatility and the potential for fraud or hacking. It’s important to do thorough research and consider both the advantages and risks before investing in any cryptocurrency.
Account $10,000, risk 1% → $100 risk per trade. Entry $50, stop $48 → $2 risk/share → 50 shares. Target $54 (2R). If stopped, −$100; if target hits, +$200 (before costs).
Use an amount you can afford to lose while learning a repeatable process.
Decide a fixed risk % per trade, then divide by the price distance to your stop.
Match your timeframe: DAIly/weekly for swing; weekly/monthly for long-term.
Thesis, entry/exit, risk (R), emotions, result, next improvement.