The audio could not load here. Please use the Buzzsprout link above.
Prefer to read?
Explore the lessons and practical takeaways from this conversation.
Simon Mach: Can Risk Management Create Sustainable Crypto Trading Success?7 min read · By Martin PiskoricRead the article ↗Inside this conversation
Simon Mach is a crypto trader and founder of MyCryptoParadise, and we spoke about how a lean operation that began with four traders survived repeated market cycles after launching in 2016. When meme-coin bets that worked during bull markets vanished in a downturn, Simon stopped chasing potential 1,000% gains and developed a professional approach guided by one hierarchy: “Capital protection first, consistency second, and growth third.”
He explains why professionals calculate potential losses before profits, determine exit rules before entering a trade, and use checklists to prevent volatility from hijacking their decisions. The business grew through word of mouth with almost no initial expenses, while Simon treated focus as an economic resource because “your main product is your time and you yourself.” His team publishes both profits and losses, limits participation when added trading volume could expose its positions, and even uses a 12-song album to reinforce the daily discipline behind “risk first, profit second.”
Listeners will gain a practical framework for protecting capital, managing emotions, and building consistency that can outlast a bull market.
Key takeaways
- Calculate the possible loss before considering a trade’s potential profit.
- Define profit targets and loss limits before entering every trade.
- Use daily routines to protect focus and decision quality.
- Publish wins and losses to earn trust through transparency.
- Cap participation when added volume could expose your strategy.
- Reinforce disciplined behavior with checklists and repeated daily cues.
Episode description from the official 21CE podcast feed. This text is the show notes, not a full transcript.
What relates to a decision you are facing? Note one idea to test, the person who will own it, and how you will know whether it helped.