RISK Management....

in LeoFinance3 years ago

Volatility is what makes CRYPTO, interesting or more precisely a risky market. Where a person can become millionaire or even a beggar! But the fact is a plot is here and how we use it, that should decide the future for you. If I am being honest, CRYPTO can make a person financially stable and as well enlighten his/her life in ways which you can not even imagine!


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Three things which makes a person to earn some profit from a holding in crypto

  • Greed
  • Patience
  • Target

Greed


Honestly, nowadays when I write or talk about such things, it makes me laugh. Because I was a victim of it and it has cost me a lot. Which is why the more time you spend in here the more you learn. No need to invest your money. Roam here and there. Learn what actually this platform is. Study, study and study for the sake of yourself. And once you are wise enough to control your emotions, you are good to go!


  • Patience


nothing to say actually about this. As because I myself am yet to achieve this talent. Once I acquire that, I might say I am good to go. But patience does pays off! Proven fact! If you can resist yourself from selling your promising assets in a bear market in crypto, you are likely to survive in any bear market. As BULL market will welcome you soon.


Target! Always fix that! No matter where you are and what you do in crypto, always fix a target. Once you reach that, Collect it! As simple as that. In short be a ROBOT in terms of trading. The more you put yourself in that situation the more you will be in profit.


The fact which makes me worried the most is about the feelings of others. Especially the people who are getting into crypto in this bull run. It is expected that this run will be going on for some time, that is for sure. But the fact lies with the hype that is being created by few group of people which does not seem to last that long. AKA fake coin/projects. So the only way to be in check for those users is to do their own research.


Nevertheless, there is a saying "what goes up, eventually comes down". So it is a proven fact and in crypto it is probably a must. But considering some facts it might say other wise. Above all, always DYOR and invest that much, which you can afford to loose. Simple strategy that everyone refers to!


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Best regards
Rehan

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great post! trading is 80% waiting, and our boss is our EGO. That's a good way to conciliate personal and professional life, as our own growth affects our performance.
Cheers!

Once i asked you about how much profit we should take or target. And your answer was when i am satisfied with the profit. So that's the target i always fix in the trades i do. It really helps a lot to fix a target for the trades.

I remembered that by reading your post now.

Posted Using LeoFinance Beta

excellent post! patience helps a lot

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