**Out of your total savings keep
1/3rd in fixed deposit in National Banks ( Guaranteed and Safest)
1/3rd in Mutual funds ( for long term returns)
and
1/3rd in Crypto for spot and future trading.. ( for high returns but with high risk)
Before I started trading in Binance first I opened FD than Mutual funds and in 2020 started crypto..
But made 1 bigger mistake while crypto trading.
I invested 15 to 20% in spot
and 80% in futures with 20x leverage
During 2020 Bull run many times I booked profit in future trading.. But in 2021 when Bitcoin and other coins getting down, I started saving my future investment by increasing margin above liquidity value, also withdraw half of spot trades to save future values, but that fall is like- all my favourite coins falls more than All time Low values..
I lost 1/3rd investment done in Crypto... I left trading in Binance..
It was said, Learning from mistakes makes man perfect..
I studied trading which I lost, learnt and realised what mistakes I had done.
I withdraw half of investments done in Mutual funds
and
come back in Nov2023. Purchased $1000 USDT, studied which coin goes below 20 - 50 times from ATH- All Time High in 2021.
Selected 18 such coins and purchase in Spot..
Than in Jan 2024 purchased 150 usdt for future trading ( at this time my 1000spot investment increased to 1400$)
Purchased some more coins in spot, from profits booked in future trading.
What is Best Rule for trading I leaened--
80% investment in Spot trading and 15- 20% in futures...
At present My Spot Portfolio is of 3100$ and in Futures 400$
If you like my experience plz give me a TIP **
In my next post I will write about future trading..
Happy Holi to all...,
$SOL $PEPE $RAY #WAVESš #BNBToTheMoon! #IndiaCryptoDreams