How not to lose $ on the crypto market
Everyone comes to crypto for wealth, but the first thing you need to teach is how not to lose money.
• Don't borrow to trade.
Usually this ends in disaster, since the market does not spare anyone, whether it is your money or not. In the end, you are left with a broken market and even more debt.
• Do not risk funds that you are afraid of losing
Crypto is a risk, everywhere you look. Therefore, you need to follow risk management to make the most of your capital. At the same time, you must understand that not everything always goes according to plan, and your money in crypto should be primarily a tool, and nothing more.
• Don't trade with leverage
Trading is evil, and trading with leverage is evil x2. Especially when you don’t understand how they work and how they affect your deal. Before you have time to open a deal, you will be liquidated on the next candle ☠️
• Don't go all in by quitting your job.
Having decided to go into the crypt headlong, you must have funds on which to live and eat, you must have a safety net for at least 6-12 months.
