9/9 Rule (Trading)

The 9/9 Rule in trading refers to a guideline used by traders to manage their risk and protect their investments. It suggests that a trader should never risk more than 9% of their total trading capital on a single trade and should aim for a profit target of at least 9%.

By following this rule, traders can limit their potential losses while also giving themselves the opportunity to make a decent profit. This rule is based on the principle of risk management and helps traders avoid excessive losses that could wipe out their entire trading account.

The 9/9 Rule is particularly relevant in the volatile world of cryptocurrency trading, where prices can fluctuate dramatically in a short period of time. By sticking to this rule, traders can protect themselves from significant losses and maintain a level of consistency in their trading performance. It is a simple yet effective strategy that can help traders navigate the unpredictable nature of the cryptocurrency market.