I want to share with you the result of a few videos I watched where experts make recommendations. Some very conservative (that I haven't applied yet), others risky. They are not my recommendations. Take the idea that gives you confidence ๐๐๐ฝ๐๐ฝ๐ฐ
๐ก 5 rules for beginners to avoid losing money and not sleeping poorly ๐คญ๐คญ
1๏ธโฃ ๐๐ I don't invest in what I can't review
If I can't see inside how the currency works (who controls it, how many will exist, if they can print more whenever they want)...
๐ซ I don't enter!
Many times they say โit's audited,โ but then a hidden button appears that allows them to sink the price.
๐ If thereโs no clear and public code โ I pass.
2๏ธโฃ ๐ช๐ฅ I don't borrow to invest
In other words: I don't use leverage.
I donโt buy 10 times more than I have, hoping it goes up.
๐ If it drops by 10 %, I lose everything.
My rule:
๐ด If a normal drop takes me out of the game โ Iโm playing too hard.
3๏ธโฃ ๐ฆ๐ I don't leave money on the exchange
๐ In no digital wallet, not even in the mobile app.
After 24 hours, I transfer everything to a physical wallet (like a special USB that only I control).
๐ต๏ธโโ๏ธ In 2024, many lost everything due to a false update.
๐ก If itโs not in my control โ itโs not mine.
4๏ธโฃ ๐๐งช I donโt buy what everyone is shouting without testing if it can be sold
๐ซฐ๐ฝBefore buying, I try selling.
๐๐ฝI place a fictitious sell order and see if someone buys it without the price crashing.
๐ชค If there are few people buying โ itโs a trap.
๐ช If there's no exit โ I get trapped.
5๏ธโฃ ๐ฏ๐ I enter with a pre-written exit plan
โ๐ฝI donโt buy and just watch.
โ๐ฝI place two automatic orders:
โ I sell if it drops by 15 % (cut losses)
โ I sell if it triples the money (I take profits)
And every 3 months I review:
๐ If a coin becomes more than 25 % of all I have โ I sell a little.
This way Iโm not tied to a single bet. ๐งโโ๏ธ
๐ง Visual summary:
๐๐ I don't try to beat the market. I try not to lose due to crazy decisions.
And sleep peacefully.๐ด
