$OM why did om go up 300% in 1 week? $OM It skyrocketed because their network was just launched MANTRA CHAIN MAINET everyone buys $OM to meet the eligible airdrop requirements! Yes AIRDROP OM has just given airdrop allocation to its community, and the requirement to claim the Airdrop, you must buy OM then bridge from ETH to MANTRA chain that's why OM is skyrocketing on the Mantra Chain website ($OM) also holds a stalking reward don't miss this opportunity
**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..