Gérer son capital comme un pro

Hello and welcome to this training video. We're going to talk about risk management and how to manage your risk like a pro and avoid mistakes that will simply ruin you, because yes, the risk of ruin exists, and it should not be neglected. So yes, I think if you're watching this training, there's a very high chance that the crypto market is doing well, that many people are talking about it, that everything is vertical, everything is in the green, or that Bitcoin is going up, that we can perhaps talk about it on TV, or friends have told you about it, and therefore you want to invest or trade this market and make a profit. I'm going to give you tips and tricks, and especially mistakes to avoid so you don't get ruined, and so you can actually make profits and secure your profits. So that's precisely the goal of this training video. I'm not going to go into great depth; the goal is not to make you pro traders in this training video. For the most part, I think you'll be beginners, and you're going to start. So it's really about explaining the basics to you so that you can start with very solid foundations and understand the concept of risk management, of managing your risk, of knowing in advance what you're willing to win and what you're willing to lose, and not exposing yourself to total loss of your capital. Okay, so I think I've introduced this course well, so we can start. First of all, what is risk management? Well, risk management, if I had to define it, it's quite simple. It's very simply risking something to be able to gain something. So that's what we call risk and reward. For example, if tomorrow I invest in apples, the risk is that I buy these apples too expensively and I can't sell them, quite simply. Or the risk is that I have no customers, that these apples rot, etc. So I take a risk, I buy apples in the hope of reselling them to make what's called a capital gain or a return, a return on investment. So we'll always talk about risk and reward. In English, we can call it risk-reward, risk-reward. We'll call it many things, but there's no gain without taking a risk. Okay, and so there's automatically a correlation, or not, but generally yes, between risk and gain. You have to prioritize. It depends on your trading style, but as a beginner, low risk for a good return. You shouldn't go for super high risks hoping for a high return, because statistically it can work. So when it works, it makes you a lot of money, but statistically it fails much more than the failure rate, the failure rate which is much higher than the success rate. Let me explain. Someone tells me, "Listen, I have a good investment, the risk." So let's say you have 10,000 euros in capital. I'll tell you to invest 8,000. The risk is that you lose your 8,000 euros, and the potential gain is that you win 80,000 euros. Is that a very interesting risk-reward for you? For me, no. Why? Because in a single trade, in a single decision, I can lose 80% of what I own. That's too much. Okay, so already from that point of view, risk, we'll always try to reduce it as much as possible. Why? Because risk will lead to psychological behaviors: stress, anxiety, fear. The fear of not succeeding, the fear of not knowing how to take your profits, of no longer controlling your trade, because yes, sometimes when you take big risks, the trade goes well, strangely, and you don't know how to understand your profits, and the market turns around, and you don't see it coming, and you end up at a loss or break-even. So break-even, what does that mean? It means no profit, no loss. Basically, I invested 1,000 euros, it went up to 4,000 euros in gains, waiting. So these are not real gains. I possibly had 4,000 euros in gains, and the market goes back down, and I go back to zero euros in gains, zero euros in losses, and I close my position, and in the end, I haven't gained anything. So all these are important concepts to understand. Okay, how much am I willing to risk for how much am I willing to gain? Total loss in this market is possible. I'll show you here with Algo, for example. Someone who invested in Algo, and I don't even want to go to the very top. Someone, for example, who invested in Algo at the wrong time in May 2022 is currently suffering a loss of 84%. Now, you might say, "Yes, but the market has fallen 80% from its highs, it can go up, it can't fall further, etc. We've already fallen a lot, etc." Well, yes, it can still fall, because here you see, I took it from May, but we're already on a decline since May 2022, so a little over a year, of 82%. And from the highs, we're on a drop here of 96%. That's to tell you that someone who invested 1,000 euros at the very top has currently lost 960 euros. And someone who invested 1,000 euros much lower in May 2022, for example, has also lost 850 euros here. So between the two, there isn't a huge difference between having lost 850 euros and 960. Well, it's better to lose, so to speak, 850 euros than 960. But what I mean is that the difference in purchase is different. One bought here, one bought at the very top, and yet the difference in loss is not really huge. Okay, this also needs to be taken into account. Yes, you can lose your entire capital. And here I've put a small graph that shows you, depending on the losses, the gain you need to make. So here, for example, the person who bought Algo here in May 2022 and is suffering a loss of about 85%, Algo needs to go up by 566%, so make an X 6.6, which is enormous, for this person to get back to what's called break-even. So break-even, what is it? As I said, it's zero loss, zero gain. It's getting back to the initial stake. So basically, if I invested 1,000 euros here, Algo needs to gain 566% for me to get back to my 1,000 euros, but I haven't gained anything at all. And yet the asset has gone up X 6. And this is a risk that exists a lot in the crypto market, which is cyclical. The crypto market can perform, and here Algo, for example, has gained 2600%, but it has also lost 96%. And this risk exists in the crypto market, and you must take it into account. So if you buy anything, or you do "all-in," you buy something, you say, "Okay, the prices are good," or "Everyone's talking about it," or "I'll buy this and go all-in." Well, you can lose your entire capital, since here I showed you Algo lost 96%. And for example, if I take Algo since November 2022, it seems like there isn't a big loss, but look, we're still at a 75% loss. 75% loss. Algo now needs to go up by 300% for the person to get back to break-even, so to have 0 gain, 0 loss. So for every trade you take, or for every investment you make, there is, you don't know it when you start, but there is always this notion of risk and reward. Is the risk worth the reward? Or especially, is the reward worth the risk? Okay, tomorrow, if I have to risk my capital to earn 10%, we agree that it's not interesting. And even if I have to risk all my capital to earn 1000%, it's not necessarily interesting, because if in a single action I lose all my capital, I lose all my money, I can no longer invest. And this is what we avoid. Trading is really a long marathon, and the objective is to go far, calmly and slowly. It's not by doing things quickly that it will absolutely work. Okay, so what you do is, when you decide to invest, or you have already decided to invest, or you say, "Okay, I'll put, for example, 2,000 euros in cryptocurrency." We don't just take these 2,000 euros and buy anything and everything and say, "It's going to gain value." No. We take it, we are aware that there is also a risk. These 2,000 euros, I'll always recommend, for example, you look at your net worth, how much is it? So for example, you have a little real estate, or you have income, you have a good salary, you have an average salary, it doesn't matter, we don't care. But you take the net worth you have, the total money of everything you have, so cash, assets, etc., and you do this x 0.10, okay? And you take this money and invest it in cryptocurrencies. So, for example, if I have a house, okay, it doesn't matter if it's bought with credit, etc., we don't care. Is the credit soon paid off, etc., we don't care. I have a house, I have an apartment that I rent out or not, or I have stocks, I have investments, I have dividends, etc. We take all of that. I have gold, it doesn't matter. You take everything you have. That will give you your net worth, which I'll call P here for net worth. Let's imagine this net worth is 27,000 euros. Here, really, if you have a house, I know it will be much more, but I'm giving you an idea. You have a total net worth of 27,000 euros, for example, okay? So, for example, you don't have a house, you have nothing at all, you just have money put aside, a few small investments here and there, etc. Of course, we don't take the car. We really take assets that appreciate over time. We don't take, for example, your car to put it in your net worth. We could, because there are indeed cars that gain value, etc., but here, specifically for tangible assets that can be sold, that can gain value, that cannot fall by 80%. Similarly, tomorrow, if you tell me, "I have an investment in something that can lose 90% of its value overnight," you shouldn't necessarily include it in your net worth. We'll really take what's tangible and what can be sold with a value that can increase or decrease, but very slightly. We can always have a value for the thing. For example, imagine a watch, okay, it can gain 100%, it can lose 50%, okay, but let's say it has a value. It has a market value, you can still resell it with a profit or with a small loss if you bought it in a store, for example. There will be much less chance that it will devalue and that you will suffer a big loss. Okay, buying on the second-hand market is more complicated, you can suffer losses, etc., because it's more significant. And this can also be included in the net worth, but basically, you say, "Okay, what do I have that's liquid that I can sell in case of..." well, not "in case of," but from what can be liquidated, what can therefore be transformed into cash? Okay, for example, you have a net worth of 27,000 euros. Well, you do 27,000, and you multiply it by 0.1, okay? So I'll do it with you, but quite simply, it will give you 2,700 on the calculator. Well, you won't see it on my screen, but I'll do it. So, 27,000 x 0.1 equals 2,700. So this is what you can invest in cryptocurrencies, 10% of what you own, okay? Because if tomorrow I have a capital, I have a net worth of 27,000 euros, and I go crazy and put 20,000 euros in crypto, the risk of total loss exists, okay? And if I lose everything, well, I lose 80-90% of my net worth, and that's not what we want. Okay, so here, for example, if you had 25,000 euros in net worth and you put 10,000 euros in crypto, personally, I estimate that the risk is far too high given your net worth, and it would be better to be more reasonable and perhaps go for, I think I said 2,500? Well, go for 2,500, quite simply. We can push it up to 15% if you want, but really for me, beyond 15%, we start to have a significant exposure to the crypto market. Tomorrow, if I lose 15% of my net worth, it won't prevent me from living, because there's 85% left. However, if I lose 80% of my net worth, I'll be upset, and yes, it could prevent me from living. Losing 80% of your money in total, it's true, it's a lot of money. Okay, so always, we never forget this notion of risk-reward, and especially the overall risk. Is my investment disproportionate or not? It could be disproportionate, or it might not be. I really recommend between 10 and 15%, okay, maximum, maximum 15% of your net worth in crypto investment. If you lose 15%, it's not a big deal. Okay, so that's the first concept. Now we're going to talk about Stop Loss concepts. Okay, what is a, what is a, sorry, what is a stop loss? To put it very simply, a stop loss is something that will stop a loss. So, for example, you need to know that tomorrow, if I invest my 2,000 euros in, for example, Algo, let's take Algo. You need to know, for example, if I have 2,000 euros in net worth and I go all-in, and I invest, I decide to invest 2,000 euros in Algo. Sorry, I have 250,000 euros in net worth and I decide to invest 2,000 euros in Algo. So I'll have 10% of my net worth in Algo. If Algo goes to 0, I'll lose my 10% of net worth and I'll lose my 2,000 euros. You'll tell me, "Yes, but as long as we don't sell, we don't lose." Yes, that's true, it's a pending loss. It can very well drop by 90% and go back up. There's no problem, okay? That's plausible, it can happen, okay? But we'll assume that the money that is invested is risky money. I risked it, I invested 2,000 euros, so I have a current risk of 2,000 euros. If Algo goes to zero and dies, well yes, there's a potential risk of losing 2,000 euros. What can sometimes happen is, for example, I'm not saying it will happen, I took Algo to give you an idea, to show you the cyclicality of the crypto market, which is very aggressive, very volatile, but also very bearish. That's why there's a lot of money to be made, but there's also a lot of money to be lost. That's why you need to understand this notion of risk-reward, risk-reward. But to get back to what I was saying, we invest 2,000 euros in Algo. Well, my engaged risk is 2,000 euros. I can reduce this engaged risk with what's called a stop loss. For example, I can tell an exchange, so here, for example, on Bitget, "Listen, I'm buying 2 Algo for 2,000 euros, but I'm willing to accept a drop of Algo, for example, by 20%. If Algo drops by 20%, I'll secure my investment and I'm willing to lose a maximum of 20%." To gain, for example, and here I'll show you the tool on TradingView of risk-reward. I'll risk, for example, so I buy my 2,000 euros here. I want to risk a maximum of 20% of my 2,000 euros. So here, I need to set a stop loss at 20% of my purchase price. So, in this case, it would be a purchase around 0.1054. I'll be very precise at the market price if we decided to buy now. And then if I set a stop at 20%, I'll accept Algo. If Algo drops to 0.0838, I'll exit the position and take my 20% loss. 20% of 2,000 euros is 400 euros. So I'll be willing to lose 400 euros on this investment. And the reward, for example, is to say, "Okay, I think Algo has a future. I think 10 cents for Algo is undervalued. I plan to sell it at 30 cents." Your risk-reward is: I'm willing to invest 2,000 euros, I'm willing to risk 20%, and I'm willing to gain 186% on this position. So I'll note it down. My risk, so the stake, is what's called the initial stake, it's 2,000 euros, okay? My risk is 20% variation, or 20% of 2,000 euros, which makes 400 euros of risk. So I'm willing to lose 400 euros, and I'm willing to gain here approximately 186% of my 2,000 euros. Okay, so here you calculate, but roughly, you do 2,000 x 2.86. I'll do it with you. So 2,000 x 2.86, and that gives us 5,720. So I'm willing to gain 5,720 euros, and I'm willing to lose 400 euros. And here, this gives you a risk-reward of 9.13. I'm willing to risk 1 to gain 9.13, okay? So here, quite naturally, if you take your little calculator, you do the 400 euros of risk and you multiply it by the potential return, or if you're going for 9.13. So here you take roughly your losses. 10% of 2,000 euros is 200 euros, okay? 20% of 2,000 euros is 400 euros. We estimate here that if there's a drop of 20%, you're willing to lose here, how would I say it, your 20% here, so your 400 euros, and you're willing to gain. No, I'll recap so you can really understand the final result. And we're willing to gain 186%. That will make a gain here. So if I do 400 x 9.13, here it will give 3,652, okay? So I take my 2,000 euros, so basically, my 2,000 euros, I add to it my gain here, 3,652 euros. I'll get out the calculator here to give you the result. Well, we could do it in our heads, but here we'll use the calculator. It makes 5,652 euros. You'll tell me, "Sardou, the difference, we noted 5,720 euros at the end of what I would recover." Yes, because there's what you'll recover, and there's the net profit, meaning, basically, I invested 2,000, you recover your 2,000 euros plus the capital gain, which is 3,652 euros, which makes 5,652. Why do we have 5,720 here? Because I based it on 186% here, but it's 186.32%. So the risk-reward is based on 186.32%, etc. So there's a slight discrepancy because I wasn't precise to the decimal, but if I did it, we can do it, there's no problem. Towards 186.32% of 2,000 euros, you'll see that it falls back to 5,000 here, 5,652 euros, okay? Because I did x 2.86, but it would be slightly more, okay? And because here, the mistake I made, or rather, it wouldn't be more, because the mistake I made here is not exactly 20%, it's 20.42% if I'm really precise. I'll zoom in here, really zoom in to be precise. You have to do it, I'm just giving an example here, but to be as precise as possible, I'll zoom in again, don't worry, we'll be as precise as possible. TradingView doesn't allow me to do that. Well, it will be 20.04, unfortunately. You see that it makes 9.3, so it's changed the risk-reward a bit. So simply, if I do here 400 x 9.3, it will give you the correct figure directly, okay? So 400 x 9.3 will give you here 3,720. So we are indeed at 5,720, you see. It's just that I was a little less precise, quite simply. But when you're precise, it makes 3,720 plus my 2,000 euros, which makes indeed 5,720 euros, which we found here. So to summarize, I'm willing to risk a 400 euro loss to have a net profit of 3,720 euros. Is that a good investment? Technically, yes, on paper, it's a very good investment. Does that mean this investment will succeed? Not necessarily, okay? So this is more for investment, okay? This will be for investment. For trading, for example, high-frequency trading, what I call high-frequency, not necessarily real high-frequency trading like 10 trades a day, it's a few trades here and there, so trying to capture movements. I'll always recommend 5% maximum of the risk of your capital. I'm not talking about net worth, I'm talking about capital. So, for example, if you have 2,000 euros in crypto and you don't want to invest, but you want to trade, try to make profits, not investments, so several trades per week, etc. You'll always take 5% of 2,000 euros maximum, and that's what you'll be willing to risk, okay? So 2,000 euros, I'll take 0.05% here. So here I do 2,000 x 0.05, which gives me 100. So here my maximum risk will be 100 euros. And then you'll tell me, "How do I calculate my risk? How do I know how much to buy, etc., etc.?" I'll show you a formula that is very, very, very simple, okay? So, imagine here, earlier I told you, if, for example, you want to invest in a single cryptocurrency, so you invest your 2,000 euros and you want to risk a maximum of 20% and therefore gain 186%. Well, we saw the calculation. Here we'll start from the principle that you want to risk only 5% of your crypto capital. So we started with a capital of 2,000 euros here. So here I'll make a new table. My capital is 2,000 euros. I want to take this trade here, but risking only 5%, okay? So I want to risk 5% of my 2,000 euros on this same trade, which is 100 euros of risk. You'll tell me, "Yes, but that's not possible because the stop loss is at 20%. How do we do it?" Well, I'll give you the calculation method. It's possible, obviously. So you have to dissociate the initial stake and the risk, which is what I wrote here. The initial stake is 2,000 euros, but your initial risk was 400 euros. So we want an initial risk of 100 euros. That is to say, if I buy Algo here, I'll delete it, hop. If I buy Algo now and it drops like this, I want to lose 100 euros, I don't want to lose 400 euros like before. So I'll give you a formula that is very simple. We take the risk, so how much do you want to risk? 100 euros, okay? I'll do 100 and then I divide, so I do 100 divided by the number you see here, okay? So 20.04. We don't divide by 20.04, we add a comma, so it becomes 0.2004. And then you get out the calculator. So here we do 100 / 0.2004, which gives us 499. And so 499 corresponds to what? Well, it corresponds to the amount you'll have to buy. You'll have to buy 500 euros of Algo. So my initial stake will be 499 euros, we can round it to 500 euros if we want, and my risk will be 100 euros. If Algo drops by 20%, I'll lose 100 euros, okay? Quite simply, that's how you'll calculate your risk, nothing more, nothing less. So here, if I buy for 500 euros, we agree that if we do 500 x 0.2, so 20% of the variation rate, if I lose 20% of my 500 euros, I do 500 x 0.2, that gives me 100. So if I buy for 500 euros at the moment I'm speaking to you, and the price drops by 20%, I will indeed lose my 100 euros. And these 100 euros represent 5% of the capital, which is 2,000 euros. And so if I win, what do I win? Well, let's take the same calculation again. Remember earlier, what did we do? We did 400, the risk, times the risk-reward ratio, so 9.3, which gave a net profit of 3,720 euros, okay? So we take the risk and multiply it by the risk-reward ratio. So the risk was 400 euros, remember, don't confuse initial stake and risk. My initial stake is the investment, the money I invest, but the risk is something else, okay? The risk is at the moment my position closes. So if I invest 2,000 euros and I don't have a stop loss, well, my risk will be 2,000 euros as well, because if it goes to zero, I'll lose my 2,000 euros. I repeat, as long as I don't sell, I don't lose, but I'll have up to a potential of 2,000 euros in latent loss if Algo disappears and dies, because yes, if it disappears, for example, it's enough for the platforms to delist Algo, sometimes it happens, projects die, developers no longer support the project, platforms remove them from their platform to add other tokens, so your project dies, you can no longer sell it, or simply, well, the thing disappears, it drops, it goes to zero because it happens when there are tokens that are delisted from all platforms, it goes to zero and it dies, in fact. And so you lose your 2,000 euros. However, if I have my stop loss, I will have only lost 20% of the 2,000, so 400 euros earlier. So now we'll calculate the gain. Earlier, we did 400, the risk, times the risk-reward ratio, so 9.3, which gave 3,720 euros, so that was the net profit. Well, here I simply take my initial risk, which is 100 euros this time, and I'll multiply it by the same risk-reward ratio, because here we have the same trade. So x 9.3. And so here, we'll do it with the calculator, but we could do it in our heads. Here again, and it gives 930, okay? 930, so that's the net profit, 930 euros net profit here that you can get, plus the initial stake that you'll put, which was 500 euros, as we did earlier, okay? But in any case, the net profit will be 930 euros. So I risk 100 euros to gain 930 euros. Is that an interesting trade? On paper, yes, it can be an interesting trade. Here again, I haven't given you a real trade idea, I've just simulated it with the current price and a 20% drop. There's no strategy behind this, it's just so you can understand how I calculate my risk, okay? So that's the basis. I'm not going to talk to you today about leverage, okay? What I'm going to tell you about leverage is that as a beginner, you don't use it, okay? Why? Because leverage has a big trap behind it. After, if you use it, you do what you want, but I advise you not to use it. Why? The trap behind leverage is simple. Leverage will make you believe that you can earn more money, but if you can earn more, you can lose more. I agree that if I have 2,000 euros in capital and I trade 2,000 euros with a leverage of x10, I'll be trading with 20,000 euros, and therefore I'll make more money if it goes up. Yes, but the gain multiplier is multiplied, the loss multiplier is also multiplied. If I can earn 10 times more money, I can also lose 10 times more, in any case, 10 times faster. Let me explain, because you cannot lose more money, you cannot be indebted. In fact, what will happen is that if, for example, you buy 2,000 euros of Algo with a leverage of x10, okay, well, you need to know that if the price drops by 10%, you lose your 2,000 euros, that's all. There's no need to look further. If it drops by 10%, you lose your 2,000 euros. If it goes up by 10%, you also gain 2,000 euros. There's no need for it to go up by 100% to gain 2,000 euros. It's true that if it goes up by 10%, you gain 2,000 euros, but again, you can't multiply the gain without multiplying the loss. If you use leverage in this way, leverage is used exclusively to reduce your personal exposure. And I'll give you an example. Here I'll give you, I've given you the example, sorry, to be able to take this trade, you need 500 euros because your capital is 2,000 euros and you want to risk 5%, so you want to risk 100 euros, but you needed 500 euros to risk your 100 euros. I'll give you another example, I think it will be much easier, okay? Imagine that this time your stop loss will be, you don't want to put it at 20% drop, but you want to put it at 10% drop. What will happen? Well, what will happen is that we'll have to recalculate. So I have a capital of 2,000 euros. So here again, I'll give you an example, and I'll tell you when leverage can be used, and only in those cases. So I want to risk my 5% of capital again, okay? Which will make, so here, 100 euros, because again, 5% of 2,000 euros is 100 euros. So my small risk will be 100 euros. How much Algo do I need to buy? For how many euros? Well, it's very simple. Remember the formula, we'll reapply it. I want to risk 100 euros. We take the variation of the drop here. So, for example, if I have my trade, I say, "Okay, I'm buying here. I see that if the market drops to this level, it invalidates my trade. The market will drop, so I no longer want to be long, for example." And then you set your stop loss here. So the variation is 9.97%. Well, here, remember, we do 100 / 0. And here we don't write 9.97 because it's not 9.97%, but it's 99.7%. Okay, we add a zero. 9.97% in decimal is 0.0997. Don't make that mistake, okay? And so here equals. So here we get out the calculator. So here I'll do it without dividing by zero. You can do it too, because here I haven't allowed the recorder to record the calculator, there's only the TradingView screen, but you can do it with me live if you're watching it. And so here it makes 1003, okay? So here I need 1003 euros to take this trade, to risk my 100 euros. If I buy 1003 euros of Algo, if it drops by 9.97%, I will lose 100 euros. And so I risk 100 euros to gain how much? Remember, without dividing by the multiplier that is written here, 5.3, sorry, x 5.9. And so here again, we could calculate it in our heads, because here with 100 it's easy, but I'll always give it to you with the process, because if your risk is 234 euros, it becomes more complicated to calculate in your head, okay? Here I took round numbers so that even in your head you can do it, but I'll do it with the calculator anyway so that you can do it too, so you can see the results. So that makes 559. So here I risk 100 euros to potentially gain 559 euros in profit. And you'll tell me.

To say yes, but how do I do it? Because yes, I do have a crypto capital of 2000 euros, but I already have Bitcoin, I already have Ethereum, I already have a little bit of BGB, I already have a little bit, I don't know, of Solana, of Arbitrum, etc., and I don't have the 1000 euros to enter. And how do I do it? It's at that moment that leverage comes in. Leverage will finance you. It's a bit like a mortgage. If tomorrow I have 300,000 euros in assets, but in cash, and I only have 25,000 euros, and I want to buy a house, I'll have to take out a loan. Well, in trading, it works the same way. And this is the only use of leverage. Leverage is not used to take more risk; it's just used, for example, to use less personal money.

Okay, imagine tomorrow I have assets, I have 10 million euros in cash. I want to buy 5 houses at 5 million euros each. I either have the choice to buy them cash with my own money, and therefore I buy 5 million euros worth of houses at 1 million euros each, and so I have indeed bought for 5 million euros. Or, I can call on banks. Okay, I put down a 10% deposit because the bank sees that I have a lot of money, and therefore I'm not a risky client because I'm borrowing less money than I have. So the bank says, "This guy, a 10% deposit, that's fine, even without a deposit it could work," because in any case, the guy is borrowing half the money he has, so he'll pay us back, no problem. But anyway, to come back to this example, I have 10 million euros, really, I'm talking about cash, not assets. I want to buy 5 million euros worth of houses. Instead of blocking my 5 million euros directly, what I can do is take out a bank loan, for example, over 20 years, and then every month I'll pay back a little bit. And that's what allows me not to use my 5 million directly. I'll use a little bit of money every month. If, for example, I earn 300,000 euros per month, and behind that I have 30, I have 80,000 euros in credit, in the end, I've touched 0 of my personal cash. I only use 80,000 euros from the salary I have. I use 80,000 euros to pay for my house, well, my houses. Okay, anyway, that was really to give you the idea of a bank loan. It's a bit the same when you're going to use leverage professionally. I'm telling you, this is the professional way to use it. Don't get caught and use it excessively because you'll get burned. Then I'll give you examples of how to get burned.

So, I told you we need 1003 euros to make this trade, but I only have 400 euros available. So, let's say I only have 400 USDT available. Okay, I need 1003 USD. I shouldn't have talked about euros; I should have talked about USDT. But okay, we'll simulate that 1 euro is 1 USD, even if it's not the case. We'll simulate that it's the case. Okay, so we'll simulate that we're talking in USD from the beginning because I don't want to change houses to USD in my examples. But you understand what I mean. So, I need 1003 USD. How do I do it? Well, it's very simple. What I'll do naturally is, if I only have 400 euros available, imagine, I'll use, for example, okay, I'll come and I'll do 1003. I'll divide that by 10, and then you'll see the result it gives you. So, dividing by 10 gives 100.3, so 100 euros and 30 cents, so 100.3 USD. Okay, to go back to the example, I'll write USD. Well, I'll continue to write euros so as not to confuse you, but imagine it's USD now. So, what I'll do is I'll go on the platform. If I want to use leverage, I'll say, "Listen, I want to put 100.3 USD from my pocket, and you finance the rest." How do we do that? Well, you simply write 1003 USDT and select leverage x10. In fact, what will happen is that from your pocket, it will take your 100.3, and the platform will finance the rest, so 90% of the rest. And in fact, it will allow you to use only 100.3 USDT. And is the risk increased? No. Why? Because I only put 100.3 USDT from my pocket. The platform lends me the rest. And if my stop loss is triggered, well, in any case, I'll lose the 100 euros that I wanted to lose, quite simply. I won't lose more. Okay? Because the initial stake will indeed be 1003 USD, which is the money I needed. We agree that we needed 1003 USD to trigger this trade, to risk 5%, which was 100 euros, remember? Okay, I only have 400 USD. How do I do it? Well, if I buy with 400 USDT, I won't have the 1003 USD I need to respect this risk. So, I'll have a risk. Okay, but I absolutely want to risk 100 USDT here. Well, as I said, we do it. And I'll give you another example. We can do it in many ways. I can also do it this way. You can also do it, for example, if I don't want to use leverage x10, if I want to use less leverage, I do 1003 / 5. So, we'll just do 1003 divided by 5, which will give you 200.6. Okay? And then you'll see, if you go on a platform and you write, "I want to buy Algo, for example, for 1003 USD with leverage x5," well, it will take, it will take, sorry, 200.6 USD from your pocket, and the platform will lend you the rest. And if your stop loss is triggered, you will lose exactly the same amount of money as if you had invested the 1003 USDT directly from your pocket.

So, if you tell me, "We'll always use leverage, it's great, that way we block less personal money." Yes, but what you shouldn't forget is that it's like a bank loan, so it will generate what are called interest, and that's what's called the funding rate. So you'll pay interest every, for example, every four hours, every eight hours, it depends on the platform you're trading on, but you'll pay interest every, and generally it's every 8 hours. Okay, every 8 hours you'll pay an interest rate, like in a bank loan. Okay, except that here, since it's trading, the platforms know that these are shorter-term trades, but they won't give you super low rates. These are higher rates because, well, they're financing you, and they know that the trades don't last very long. So, in fact, it will cost more money, it will cost a bit more in fees. So, if, for example, your trade goes well, there's a chance that the profit will be a little less than if you had bought without leverage, because you'll pay what's called the funding, the interest rates. Sometimes it happens that the platform gives you the interest rates. Okay, that happens when, for example, the interest rate is negative on the platform. For example, sometimes it happens that I'll go on, to go on a glass, I'll show you that right away. So, here we'll use, hop, we'll go on Bitget. Here, for example, on Compas, if you buy Compas with leverage, you won't pay interest, but it's the platform that will pay you back interest. It will be 0.21% every 8 hours, for example. I'm not sure about the exact duration of the funding, but you pay it every X hours on Bitget. I don't know if it's 4, 6, or 8 hours. Personally, I never use leverage; I don't need it, so I don't know. But if you look, you'll see. But basically, in this case, let's say it's every 8 hours, for example. Every 8 hours, you'll be given 0.21% of the position amount in terms of fees. Why? Because here the funding is negative. If I buy, if I long, so if I use leverage to buy, and the funding is negative, well, I'll be remunerated. If I buy and the funding is positive, so here, for example, on Store, the funding is positive, 0.01%. I will pay, therefore, 0.01% interest every 8 hours, for example. Okay? Well, this is on Heidi, it has changed, but basically, I'll pay that. Okay, quite simply. If the funding is positive and I buy, I pay. If the funding is negative and I buy, I pay nothing, I get money. Okay? So, you'll have to check that at that time. But yes, it can generate fees, and that's why when I have the money, it's better to just buy on the spot without overthinking it, if I'm okay with blocking that much money.

And so, the use of leverage like an idiot, sorry for the term, but I have to say it, is for example, I have 2000 euros in assets. Ah, well, I'll put leverage x10 with 2000 bucks. Okay, so we'll put that aside, we won't delete it, we'll put it aside. But the worst thing to do, the idiotic risk as I'll call it, is: I have 2000 euros. Ah, but I think trading, no, I want to earn more, more. I want to put leverage x10, so if it pumps, I make 10 times more money. Okay, so we do leverage x10, which means it will put 20,000 euros. So you'll write 20,000, leverage x10. So it will block your 2000 euros. Okay, with leverage x10, so you'll trade with 20,000 euros. There will be 18,000 euros from the platform and 2000 euros from you to reach 20,000 euros. Except that what will happen is that this time, if it drops by 10%, you lose your 2000 euros. Your capital is liquidated. Goodbye. Thank you for participating in crypto trading. We'll see you in 10 years, or tomorrow if you put money back in, and you'll make the same mistake again and lose money. Sorry to say it humorously, but that's how it will happen. The goal, once again, is to master your risk well. That's why I'm explaining all this to you, the importance of risk-reward, etc., etc. Then I'll talk about win rate and the mistakes to avoid. So, it's really a course. In the end, I told myself, I'll do a complete course. The more I talked, the more I told myself, I have to go into detail to give them a complete course so they can truly master risk management. Even if, in the end, you only make investments, you won't use everything I'm explaining. If one day you want to, you'll already have the basics. And even not the basics, you'll have 90% of the notion you need to have on risk management. Then I won't go into the very last details, everything that is always in, etc., in this course here. It's really a course for beginners, but in the end, I realize that it's also a course for intermediate, or even very advanced. But in any case, it will be useful to you, no matter what.

So, I'll go back to the example. Yes, if it drops by 10%, you lose your 2000 euros. Goodbye. And leverage is not for that. Leverage is used, as I said, exclusively. We've done all our calculations, so we're intelligent. We've done our calculations. We want to risk how much, etc. Okay, I want to risk 5%. That's 100 euros. I need to buy X, I need to put my stop loss here to risk my 100 euros. And so, well, I don't have the necessary money. I'm missing 200 euros. Well, then I can use a little leverage, as we saw earlier. For example, if we need it, and the risk won't change. We'll still risk our 100 euros. On the other hand, again, I said it, if you put your 2000 euros with leverage x10, and it drops by 10%, you lose your 2000 euros. Yes, if it goes up by 10%, so if the price just makes a little nudge like that of 10%, yes, you gain 2000 euros. But the price can also very well drop by 10% and you lose your 2000 euros. So, the risk-reward is clearly not interesting on a single trade. The risk of losing all your capital, especially on a 10% variation, remember, I'm telling you that the crypto market is very volatile. It's even crazier to think, "Yes, on a 10% variation, I can lose everything." Because, again, look, let's do something simple. I'll go to a daily candle. So, that means that on the graph, what you see, a candle, a green bar, a red bar, a green bar, a red bar, is a trading day. So, here, for example, on the day of June 23, 2023, Algo went up by 11%. And then the next day, we had a drop. No, let's say, to be precise, let's go three days later, June 26th. Three days later, we had a drop in Algo of 8%. So, in the space of three days, there was a 10% rise and an 8% drop. Okay? Well, we can say in three or four days, okay, that's huge. So, you are in a very volatile market. And Algo, since June 2023, so it's not even a month, it has already lost 25%. And at its lowest, it lost up to 27%. Just like from June 10th to June 25th, it gained 55%. So, these are very volatile markets. To give you an idea, the S&P 500, the largest American index, since its low in October 2022, has risen by 28%. That's to give you an idea. Okay, 28% in the space of 6 months. Here, even more, November, December, January, February, March, April, May, June, July. I'm recording this video in July 2023. 9 months. 9 months to go up by 20% and a bit. 28%. Algo. And this is all altcoins. The entire crypto market behaves like this, except for Bitcoin, which might be a little less volatile. But here, in less than a month, a 25% drop. That's what the American market gained in 9 months, to give you an idea. So, if there's a 10% variation, I risk losing all my capital. Yes, there's a good chance you could lose all your capital. And anyway, even if you make one trade like this, and another trade like this, the third one, you'll lose everything, very probably. So, in the long term, it won't be profitable.

So, leverage is not used to increase gains, because if you increase to increase gains, you also increase losses. It's only used when you don't have the cash, all the cash available to make your trade. If your trade requires 1000 euros to have a risk of 100 euros, for example, okay, like in my example, I can put 100 euros from my pocket with leverage x10, and so I'll have my 1000 euros, but I'll only have 100 euros from my pocket. And leverage will not change anything, it will not increase the risk of loss or the risk of gain. It will just be there to finance me because I didn't have the money to finance it, quite simply. Okay.

Now, let's talk about the little tips I'm going to give you, which is simply the win rate according to the risk-reward. In trading, you might think, yes, and you see this often, for example, on TikTok, on YouTube, guys who come, who know nothing at all, who rent cars in Dubai, etc., who make you believe, "Yes, with trading, blah blah blah, I'm here, I make 90% profitability, I lose 4 trades, I win 90 times out of 100 this month, we did 27 trades, we had 24 winners, three losers, blah blah blah." People who are literally screwing with you, and who make you think, "Okay, so to be profitable in trading, you have to win 8 or 9 times out of 10." Well, that's completely false. Here, I'll give you a table. I'll put it in the description. I'll give you a table that I made myself that will show you that if every time I take a trade, remember earlier we talked about the notion of risk-reward, of risk-reward ratio, if every time I take trades, my risk-reward ratio is a minimum of 2.5. So, for example, here, it will give a trade like this. That is to say, the market has to go up here for me to win, and if it comes here before going here, I've lost. Okay? So, the goal is that it can do this and not hit your stop and go for your take profit. If we do that, we've won, we have a risk-reward of 2.5. Well, if every time I take trades, and I'm not talking about investing, I'm talking about trading, if every time I take trades and I have a minimum of 2.5 for 1 reward ratio, I only need to win 30 times out of 100 to be profitable. That's all. That is to say, if I win 40 trades and lose 60, do the math, you'll see that you'll be in profit because I always win 2.5 times more than what I risk, quite simply. I risk 100 bucks. Okay, I risk winning 250 euros because 100 times 2.5, remember, that's how we calculate net profit. Well, quite simply, if I win every time, every time, 2.5 times more than what I risk losing, even if, for example, as I only won 45 times out of 100 this month, well, I'll make a profit. Yet, I lose more than I win in terms of trades won versus lost. That means I can have, for example, 55 stop losses and 45 take profits, so 45 trades that go through, 55 trades that don't go through. Each time, at a minimum, I have 2.5 of what's called the risk-reward ratio. I make a profit. And yet, you see, if I go on TikTok and I show people, "Basically, I also won 45 times, I lost 55 times." People will just stop at, "I won 45 times, I lost 55 times, so I'm a clown, I haven't made any money." Yet, mathematically, and it will be the case, I will have made money. Yet, the guys who come and tell you, "Yes, this month we won 24 trades out of 27, so that's like a 90% success rate." They're screwing with you because, behind that, if the risk-reward is negative, for example, it's 0.2, well, the guys haven't made any money, quite simply. And it's easy to, to win 24 times out of 27. If here, I come and I'll show you how to set a stop loss on Bitget. If here, for example, I come and set it up like this, hop, and it looks like this. So, I have negative risk-rewards. Yes, I have a high chance of winning because, and imagine, sometimes guys manage to do this to justify, because what they simply want is for you to go into their group, etc. But imagine, if I offer trades like this, well, yes, there's a much higher chance that the market will come back here before going all the way there. But you need to know that this is not profitable because the day I lose just twice in a row, I have no more capital. If I've lost almost everything, this is what you need to understand. Okay, so it's not profitable, we agree. So, that's why risk-reward is very important. The ratio is very important. And if, for example, I go for ratios of 3 for 1, you see that I only need to win 26 times out of 100 to make money. Then, this is gross, net will be different, you'll have to win a little more because you'll have fees to pay, etc., which will take a little margin. But we won't be far beyond these figures. And so, you see, for example, risk-rewards of 6, etc. Well, for me, it's not really interesting anymore. Try to always be at least at 2, and above 2 is very good, but at least 2. And you'll see that even if you win once out of two with a score of 2 for 1, you'll make money. Because if I lose 50 times 100 euros, and I win 50 times 200 euros, well, I've lost, here's the calculator. If I lose 50 times 100 euros, I've lost 5000 euros. Okay? On the other hand, if I win 50 times, wait, I'll reset everything. If I win 50 times 200 euros, well, I've earned 10,000. So my net profit, 10,000 - 5000, is 5000 euros. Yet, I've won 50 times, I've lost 50 times. But this is the power of risk-reward. Okay? So, this is really something you need to understand and really take into account. Okay? We can win 4 times out of 10 and make money if I have a good risk-reward every time.

Now, I'm going to go on Bitget and I'll show you how to set a stop loss. So, here we'll go on the platform, we log in, we log in, sorry, etc. We come to trading. I'll go on the spot market to show you this. On the spot market here, I'll go on BGB, click. We'll go on BGB here on BGB, and I'll go here to set a stop loss. How do I do it? So, very simply, here you'll go to orders. And so, very simply, you'll put, for example, here, you have to go into the settings, by the way, it moved places when I did it. Okay, you'll go, no, we want to set a trigger order, but where is it? Okay, it will be here, sorry. So, you'll go on Bitget, you'll go neither in limit, nor in market, nor in okay, you'll go in trigger. So, once you've bought your asset, it tells me, for example, I have 4500 BGB available. Okay, I'll tell it, "Listen, what we'll do is, if BGB drops, for example, here, so imagine you want to take a trade and you want to set a stop at 0.45. I'll write here 0.45. I'll tell it, "Listen, if it drops to 0.45, sell BGB." And here, the amount, for example, we'll tell it here, if you want to sell the entire position, for example, if you bought 4500 BGB here, as I have, and you want to close the entire position, you write 4500.8621 etc., you put all the numbers, and so it will close the entire position. In my example here, I'll put an order that simulates, for example, if BGB drops, if it drops again to 0.45, and for example, I've done a technical analysis and I deduce that if we go back to 0.45, we'll become bearish again and the market is likely to drop further, and I want to take a little profit. Well, I can say, for example, "Okay, if we drop to 0.45, sell me 300 BGB." Okay? Here, when I click here, it will place an order. It will keep in memory that if BGB drops to 0.45, it must do everything to sell my BGB at market price. So, if I press sell BGB, it will tell me the trigger price at 0.45. I confirm. Here, my order is placed. If BGB goes below 0.45 or is equal to 0.45, it will sell 300 BGB. I'll cancel it because I don't want to do it. And in your case, that's what you'll have to do with what we saw earlier, so the stop loss is how you can set a stop loss when you buy something. Okay, that was just to add that to Bitget so you know.

So, I'm coming back to this. So, really, this was a course on risk management. In the next course, we'll talk about investment strategies, mistakes to avoid, and then in the last course, I'll give you a foolproof plan if applied correctly so you can invest serenely and make gains in the next bull market, and also the mistakes to avoid, the traps to avoid. Finally, I wanted to talk to you about the volatility of an asset. If you want to invest, here's a tip: you only invest when the market is flat, when it's horizontal. Okay? When the market is vertical, you don't buy. Vertical means when the market is like this. These are the worst times to invest. When everyone is talking about an asset and it's vertical, it's dead. You missed the train. You go somewhere else, you go to something else. Okay? We invest when the market is flat. For example, here, good time, good time to invest, here, good time to invest. Okay? In another course, I'll talk about market structures, which are really essential to know to catch bottoms and buy at the right time, and that will also be in the last course on the foolproof plan that I'll give you to be able to surf the next bullish cycle well, or if we're already in it, to grab what's left to grab from the bullish cycle and do it well. Okay? So, yes, we buy when it's horizontal. Is Algo horizontal here, for example? Not yet. Are there any assets in this market that are horizontal right now? There are a few. For example, here, I'll have to go into the top of the market. So, an altcoin comes to mind. Well, for example, Solana. Solana is starting to be horizontal. You see that if I draw two lines like this, it's ranging, it's completely horizontal. Solana is a good time, potentially. It doesn't mean you'll buy at the best price, but in any case, if you invest here, while it's horizontal, there's a much higher chance of making profitability when it becomes vertical. If the euro becomes, we don't know if it will pump, but you see here it was horizontal, good time to buy. Vertical, here it's starting to be too late. Then it became horizontal, it could be a good time. It had a last rise, and so all these were the worst times to buy. You see that the market has already come back below all its price levels. All the people who bought here, if they didn't take profits, well, they are currently at a loss. Okay? And likewise, all the guys who were in a hurry, who constantly bought like this when it was vertical, well, they are currently losing money, whereas here the market, we're waiting for it to be horizontal. So, it started to be horizontal here, we could buy a bit here, for example, if we want, and then it's starting to become horizontal again, we can start buying a bit around here. And you see that the prices are rather good, since it's enough for the market to go up a little and you make a profit, quite simply. Okay, knowing that we've already dropped a lot and there's a good chance that if the market goes up again in the next cycle, we could go up to 50, 100, 150, 200 dollars, and you could make profits. Then, in the action plan, I'll give you the right confirmations, etc. I'm not giving them to you in this course; that's not the objective. But mistakes to avoid, we don't buy anything that is vertical. Also, when we buy an asset that is vertical, we are in very high volatility. For example, here on Lana, it's very vertical. In the space of a few weeks, it pumped by 889%, it almost did x10. That's huge. But consequently, more volatility means increased risk, because if there's high volatility, high price variation, it can do x10, but as you can see, in the following weeks, in the space of a few weeks, it has already lost 70%. So, anything that is very vertical and very volatile, and therefore the risk is increased, quite naturally, quite simply. If I don't have a stop loss, again, even if I have stop losses, because the volatility is high, well, my stop losses will perhaps have more chance of being triggered because the rate of market variation will be more important. Whereas in a horizontal market that doesn't move much anymore, like here currently on Lana, it's been between 8 dollars and 27 dollars since December 2022. So, for 7 months, we've been between 8 dollars and 27 dollars. So, lower volatility means lower risk. Whereas if I invest in something that is very vertical, at any moment I can experience a sharp correction, as happened here, and therefore I can lose a lot of money very quickly. And when it's vertical, it's too late. We invest when it's flat. For example, I'll show you ETH, Bitcoin, whatever you want. In the previous cycle, ETH was a good time to invest when it was horizontal. When it's vertical, it's too late. How is ETH now? We're talking about it. It's horizontal. So, at these price levels, it's interesting. And if we have another bullish cycle, it will be interesting to sell at vertical prices. But again, I'm saving that for a future training video. I'm trying to think of things I might have forgotten. Yes, you must dissociate trading and investing. Investing is different from trading. Trading generally involves stop losses that are quite close to the entry price. It's trading at a higher frequency. Investing is, for example, buying. Okay, I'll only do investing. I have 2000 euros to invest. I want to invest in 10 cryptocurrencies because I can do that. I can invest 200 euros in 10 cryptocurrencies, which will make 2000 euros. So, I've used my 2000 euros to invest in 10 cryptocurrencies. And so, yes, I've made my investments. I'm ready to risk my 2000 euros, which are, for example, 10% of my assets. And so, if the crypto market dies, well, I'll lose my 2000 euros. If the crypto market doesn't die and it appreciates, well, I'll make capital gains and I can take profits when the market goes up. So, this is different from trading. It's also very important. Why? When we do trading or even investing, we first know what we're willing to gain, what we're willing to lose. That way, it will allow us to accept the loss, quite simply. Because it's easy to say, "Yes, I invest in Bitcoin." But tomorrow, if Bitcoin drops by 50%, are you ready for 50% of your stake? If yes, go. Otherwise, we'll have behavioral and psychological errors, stress, anxiety, pressing the sell button when it might be the moment to buy. But you'll sell because the market has psychologically put too much pressure on you, and you don't accept the loss. Whereas tomorrow, if, for example, here I buy Ethereum, but I tell myself, "Okay, if it goes to zero, I'll lose 500 euros. I agree with that." Well, if Ethereum goes from 1800 to 1000 dollars, because psychologically you're ready to lose your 500 euros if it goes to zero, well, if you see, for example, 250 euros in loss here, you'll accept it. You won't sell. And it might be that the market goes up afterwards. The guy who took too much risk will sell and will be screwed because the market will go up. You, certainly, you bought here. Well, it would have been better to buy lower. Again, it's the future. Since we're okay with the risk, ah, well, I'm okay. I agreed to lose 500 euros if it went to zero. So, here I see that I have a potential loss of 250 euros. Again, as long as I haven't sold, I haven't lost. Just like when I haven't sold, I haven't gained 600 profit. Well, okay. I'm okay with it. Even if it goes to zero, well, I was okay with losing my 500 euros on Ethereum. It came here, I didn't panic, I didn't do anything, I didn't touch anything. What I was looking for was capital gains. I think Ethereum can make capital gains. If it goes to zero, too bad, I lost 500 euros, and then if it goes up, okay, I'll make profits. And then, ETH new highs. You bought here. In the meantime, we did this. The guy who did all-in and wasn't okay with his risk, who didn't realize it, well, he probably sold when it dropped by 56%. You kept it, and you find yourself with 243% profit. And then you're happy. And then you can start selling and taking profits. Afterwards, well, you do what you want. But that's to give you an idea. Knowing your potential loss in advance and your potential gain also in advance allows you to accept the position. And once we've written something, we buy, we set a stop loss, we set a take profit, we don't touch it anymore until the market gives the final outcome of the trade. If you can't help but touch the stops, the take profits, etc., before the final outcome of the trade, it's because you weren't okay with the risk-reward of that trade, and therefore the risk was probably too high. You'll have to consider reducing your risk on the next trades. If, for example, risking 5% of your capital on a trade is too much, you might have to consider moving to 4%, 3%, 2%. To give you an idea, personally, I'm between 0.75% and 1.25% of my capital when I trade an asset in terms of risk. So, I'm on my risk between 0.75% and 1.25% of my crypto capital.

Did I have anything else to give you? So, vertical market = volatile = increased risk. Horizontal market = less volatile = less risk and potentially the best opportunity. Because remember, when it's vertical, we buy. When it's vertical, we buy. When it's vertical, we sell. When it's vertical, we sell. When it's horizontal, we buy. And when it's vertical again, we sell. So, when you watch this training video, maybe it will be in a year, I don't know when I'll release it. But maybe you'll watch it, perhaps even a year after I released it. And maybe, well, at that time, I don't know, maybe in 2025, you're watching this video, Ethereum will be at 6000 dollars. Well, maybe it won't be the right time to buy Ethereum. It was at the time I was making this video. But at least this training will allow you, in the next bullish cycle, to benefit from it, or even from certain crypto assets that will still be horizontal and that will then perform. It happens that Bitcoin will be completely vertical, but you'll have other crypto assets that will be like this and that will then join Bitcoin, and so you can always buy them. Okay, I think I've talked about everything I wanted to talk about. So, in the next course, I'll talk about DCA, mistakes to avoid, etc. Today, we talked about traps to avoid, buying vertical, poorly placed stops, too much risk, leverage, the risks of leverage, the risk of buying when it's vertical. What else did we talk about? Well, no, I think that's all. The big traps to avoid, and also, yes, the trap to avoid of, "I have to win 90 times out of 100 to make money in trading." That's false. 30 times, 40 times can be enough with a good risk-reward. So, yes, it was really a risk on a course on risk management. My objective is that before you start investing in crypto, you have these notions to understand what risk is, what return is, how to have good risk, how to trigger good investments, not to have 90% of your assets in cryptocurrency, because if cryptocurrency dies or the assets you're positioning on die, you lose 90% of your assets and you have almost no money left. Avoid that. So, how to properly calculate the money you can put into crypto based on your assets. Then, how to manage your risk with your crypto capital if you want to trade, for investment too, we talked about it a little, and you'll see that in the next courses, I'll come back more on investment with the right risk management to adapt. That's why I'm keeping other tips and tricks for you in the next training videos. So, the training video is progressing, I want to say. So, you'll see that in the next videos. I'll stop here. We'll meet in the next video, which will cover investment strategies that are easy to implement for a beginner, and the risks and traps to avoid. [Music]