💥 First, Identify Your Position in the Market 💥
➡️➡️ Are you a trader or an investor?
1. If you are a trader:
• Focus on achieving short-term goals.
• Set your target to be double your stop-loss level.
• Ensure that your stop-loss does not exceed 5% of your capital.
2. If you are an investor:
• Aim for medium- and long-term goals.
• You can take partial profits when medium-term goals are achieved and leave the rest for long-term targets.
• Avoid using stop-loss; it is only suitable for traders engaged in daily or weekly trading.
💡 Best Strategy for Investors: Capital Allocation
• For example, if you want to buy a currency at $1 and your capital is $1,000:
1. Start by investing $250.
2. If the price drops to $0.75, invest another $250.
• If you plan to distribute your capital across 5 currencies:
• Divide your capital: $1,000 ÷ 5 = $200 per currency.
• Upon receiving a recommendation, invest only $100 initially.
• If the price drops by 20% to 30%, add the remaining $100.
• For strict financial management:
• Start with $50 for each currency, then add more as needed.
💡 Additional Tips:
1. Always keep a portion of your funds in cash for emergencies; avoid investing all your capital in currencies.
2. Do not move randomly between currencies or sell your investments at a loss to buy others that are rising.
3. Remember that liquidity rotates among different currencies and sectors; patience and careful selection are key.
✔️ Benefits of This Strategy:
• Even if the market experiences a sharp decline, your psychological state won’t be significantly impacted, and you’ll notice a positive difference in your investments.
Wishing you success!