<ul data-eligibleForWebStory="true">Crypto trading demands a robust risk management strategy to safeguard capital and navigate volatility.Key strategies include stop-loss orders, diversification, cold storage, and position sizing for protection.Ignoring risk can lead to losses due to market swings, hacks, and emotional decision-making.Effective risk management involves thorough planning, disciplined execution, and continuous evaluation of strategies.Implementing proper risk management techniques is crucial for long-term success in crypto trading.