Hello Friends!
Off late I've been trying very hard to get into crypto trading. I have previously dwelled in the share market (BSE/NSE), sometimes made money, and sometimes went into losses; mostly losses though. Due to this, I was really skeptical about getting into crypto trading now. But I did understand that crypto trading is not an opportunity to be missed; I would be a fool to do so. So I had to get into it, no matter what. Here's what I did:
- Recalled by share market trades and tried to understand why I made losses. It was mostly because I was too impatient with my trades. The moment I saw them going down I used to sell them thinking I don't want to go into a loss. But if I had not done so, I would have been in huge profits now.
- Diversify my portfolio - So I decided I'm not going to invest in just one or two coins but would spread my investments into multiple coins thus diversifying my portfolio and reducing the chances of risk.
- Started following some crypto gurus on Twitter and Instagram and also pages of various coins to stay updated with the crypto news.
- Started following itsblockchain.com, again to stay updated. Knowledge is the key after all.
- And most importantly, I took a crypto trading course at Udemy Academy to understand the important concepts of crypto trading.
My initial investments include Doge, WRX, and Ripple. I'm studying more and more each day so that I keep myself updated and make the most out of the crypto market. Keeping my fingers crossed 馃