6823588977#BTC5 ways to stop losing money:

Things I learned in 7 years of trading cryptocurrency:

1. Money and risk management

"Never put all your eggs in one basket." Split your money for example:

- 50% paid immediately (40% in cash, 10% for new projects with high potential).

- 25% on intraday trading if you want to trade

- 25% held in USDT, another stable coin or in fiat currency. this is to buy when the price drops even lower and to keep your sanity in case something bad happens and you are locked in at the low price for a longer period of time. It is also used to add margin in case one of your margin/futures leveraged positions gets very low.

2. Do not trade with leverage higher than 5x for major coins and up to 3x for high-level altcoins. There is no leverage on the meme coin.

3. DYOR (do your own research) and check audit before you buy any new ICO because some ICOs are scams, rugpull, honeypot or tokens have methods that can manipulate the supply at will.

4. DCA, grid and rebalancing, can help you passively grow your holdings over time by taking advantage of price swings and sideways markets

5. Manage emotions: do not trade out of fear, Fomo or greed when prices are at unfavorable levels. Write down a plan, a strategy and follow it strictly to avoid impulsive trading.

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