There are several reasons that I believe have improved my approach and way of thinking about crypto, the most important of which are:
1. First: Loss is part of my investment path💸💵
When I buy a currency, the first thing that comes to my mind is how much will I lose if this currency corrects?! The next question is how much will I gain if this currency reaches its first target?! The importance of stopping loss, whether in investing or trading, distinguishes between those who can control their emotions and others.
2. Second: There is no love affair between me and the currencies I buy.📉📊
My main goal is to make profit and minimize loss, I never hold on to Alt coins when they reach their targets I sell. To be honest, there is no project worth holding on to except Bitcoin BTC
3. Third: DYOR 📒📚
This concept means do your own research, I have improved a lot in this aspect and any project I hear about I immediately check the project on the official trusted websites in addition to my research on the Market cap, Total supply and other general information about the currency.
4. Fourth: DCAing🕓🕣
It means the average price of the dollar. Simply put, if I want to buy a currency and I have $100, for example, I do not put the entire amount to buy the currency. In addition, I buy gradually, regardless of whether the market is falling or rising, and thus I achieve an excellent average price.
