Hi folks 👋 as earlier I talked about Etf and hype created by Etfs ! but today's topic is different .
"Trading is an Art of Money Management + risk management"
so only invest what you can afford to lose but seriously once you start & learn to make profit that will be easier . Because holding profit is hard in every trading industry.
it's not about how much you make its about how much you save.
I'm watching btc since 2016 when I don't even had funds at all but those days ,I regularly or weekly view btc & major coins chart to check the market sentiments i mark support & resistance and after 3 years of knowledge i come in market in 2019 when I got funds it took me three years to start my first trade.
I'll tell you my mistakes first because lots of people never shared their mistakes.
1. Never invest too much in meme coins! cz of some tweets ( APART from Elon musk ) lol .
2. Never try future and options if you don't know how it works . always learn with small amount .
3. Beware of hoax and youtubers ! do your own research before buying & selling understand the market sentiment major support & resistance is common practice , at the end it's your money profit and loss is yours.
4. stay away from telegram groups . tips and call groups .
5 . Never tell anyone Apart from your own real people about trading cz once you are rich some fake people will ask you money and never return that lol .
Above i shared about mistakes . below I'm sharing Important information from my learning .
1. ALWAYS start with low amount .
2. Always Buy at dip in accumulation period from my learning btc market is of 4 year cycle it always gives two opportunities to buy at dip .
3. Always Do DCA . ( if u don't know DCA go and check my other post ) .
4. Diversification of port folio is Must .
never Go All in single coin.
like if you have 100$ .
buy 50$ btc 20$ eth and so on ! it's all your choice not a financial advice just an example and mine experience .
5 . Before Start future and options trading I'll recommend to become pro in spot .
6. Never loose hope.