From the past week am trying something different to earn money. I mean cryptocurrency trade. From this week of experience I found some important points need to remember when we invest in crypto market.
- Invest the money which ready to loose. Don't expect that money will double in short period of time. It happens for one in billion. Don't expect that was you 😂
- Golden rule - "Don't put all the eggs in one basket" i.e segment your investment and invest in two or more coins.
- Use stop limit option wisely to execute the buy order. Which helps you to buy the coin at cheaper when you have a cluster of favorite coins.
- Cash out the profit periodically.
- Make your own calculation for the each trade with fee for trade and execute your plans. I am sure if your idea works good you will get good profit 👍.
All these points are just my opinion towards the cryptocurrency market. Don't take it too serious. Do your own research.
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