## General Recommendations for October in Crypto🎉🎉
1. Risk management - Specify the acceptable risk percentage from your portfolio for each transaction (e.g., 1–5% depending on your risk tolerance). - Use a risk reduction strategy such as dollar-cost averaging (DCA) over the month instead of making a single purchase. - Set clear profit and loss goals and stop-loss limits for each position.
2. Diversification - Maintain a balance between major assets (e.g., Bitcoin and Ethereum) with limited exposure to strong foundation projects with good research.
Trading bots are automated programs that execute buy/sell operations on Binance based on specific strategies, using the API. The goal is to reduce human emotions and improve execution speed, but with risks associated with strategies and the market.
This is a practical roadmap that helps you conduct due diligence and understand the value of the deal and the associated risks. The goal is to reach a purchasing decision based on realistic figures and actionable integration plans.
## 1) Defining Objectives and Deal Scope - Determine what you want to achieve from the acquisition (revenue growth, access to a new market, technical/software assets, operational integration).
## 1) Understanding Fundamental Risks - Crypto is characterized by high volatility and the risk of losing the entire invested amount in certain assets. - Do not invest money you need for your basic needs or within a very short time frame. - Set realistic expectations regarding returns and beware of promises of quick profits.
## 2) Principles of Portfolio Management - Diversification: Diversification across different assets reduces risks. Do not put your entire portfolio in one currency or in just one category.
# Today's entry in the crypto market: A practical and safe framework
I will provide you with a general framework that helps you responsibly choose entry opportunities today based on risk management. Note: This is not a specific buy recommendation, but guidelines you can apply based on your situation.
## 1) Define your goal and investment duration - Are you targeting quick income within a day/two or building a position in the medium term? - What level of risk do you usually take? Do not exceed a specific percentage of your portfolio in a single trade.