Nikit Shingari’s Guide to Risk-Free Trading
Trading is an exciting endeavor with the potential for high rewards, but it comes with risks. While no strategy can guarantee risk-free trading , there are effective methods for significantly reducing risk. Over the years, I, Nikit Shingari , have developed strategies to minimize exposure while maximizing returns. In this blog, I’ll share key techniques to help you trade more safely and strategically. 1. Master the Basics of Risk Management Effective risk management is the backbone of professional trading. The goal is not to avoid losses altogether but to control and minimize them. As Nik Shingari says, “Risk management is what separates professional traders from amateurs.” Here are some risk management strategies I always implement: Stop-Loss Orders : I set stop-loss orders to automatically close a trade when it hits a pre-determined loss threshold. This protects me from large, unexpected losses. Position Sizing : I risk only a small percentage (2-3...