KIMBO
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Hello guys,
I will share some of trading rules that I learned through my personal experience . $$
I have bought and sold many coins since last year and had my ups and downs , I can say that I have learnt valuable lessons .
PART 1
1# Start Small and Scale Gradually.
Always start with a small amount especially if you are a beginner . Starting with a large amount and losing it might cause extreme frustration. After getting the needed experience, you can gradually increase your investement .
2# Never Invest More Than You Can Afford to Lose .
If you had $1000 dollars and it's everything you have , you will lose literally everything if you invest all of it.
you should always invest a partial amount of what you got so that you can afford the cost in case of losing.
3# Always Use Stop-Losses .
I have invested wthout setting a stop loss before and that cost me all my investment because I was greedy .
Don't let greed stop you from getting out at the right time .
4# Don't Chase Pumps.
I've done this before , I chased #KIMBO pump which cost me $700 dollars . I bought $900 of #KIMBO when the pump had already finished . Twitter had filled with posts talking about reaching the moon with this coin so I followed the trend. It eventually went down hill, and I sold it when I had $200 only .
Stay tuned for PART 2.
I will share some of trading rules that I learned through my personal experience . $$
I have bought and sold many coins since last year and had my ups and downs , I can say that I have learnt valuable lessons .
PART 1
1# Start Small and Scale Gradually.
Always start with a small amount especially if you are a beginner . Starting with a large amount and losing it might cause extreme frustration. After getting the needed experience, you can gradually increase your investement .
2# Never Invest More Than You Can Afford to Lose .
If you had $1000 dollars and it's everything you have , you will lose literally everything if you invest all of it.
you should always invest a partial amount of what you got so that you can afford the cost in case of losing.
3# Always Use Stop-Losses .
I have invested wthout setting a stop loss before and that cost me all my investment because I was greedy .
Don't let greed stop you from getting out at the right time .
4# Don't Chase Pumps.
I've done this before , I chased #KIMBO pump which cost me $700 dollars . I bought $900 of #KIMBO when the pump had already finished . Twitter had filled with posts talking about reaching the moon with this coin so I followed the trend. It eventually went down hill, and I sold it when I had $200 only .
Stay tuned for PART 2.
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Somewhere I read that Avalanche through the avalanche foundation has opened an initiative created to spread its network through the sympathy of Token memes, this seems intelligent to me.
Finally memes have a kind of utility, and they are not simple speculations, but functional invitations to approach one chain rather than another, also acting as a driving force behind the financing of the chain itself.
The world of memes is also full of pitfalls and scams. I really appreciate the fact that an "institutional" body recognizes some of them, making them "official" for its own chain (as a neophyte).
This may be a new season for memes. Tokens that are "fun" because they are "volatile" are useful at the same time for traders with little availability, given that they can also quickly and significantly multiply a budget which can then be transferred to more expensive and "planned" tokens.
WHAT DO YOU THINK ABOUT IT?
IMPORTANT:
They are not financial, purchasing or investment advice.
I like to discuss and share passion and curiosity.
#avalanche #coq #kimbo
Finally memes have a kind of utility, and they are not simple speculations, but functional invitations to approach one chain rather than another, also acting as a driving force behind the financing of the chain itself.
The world of memes is also full of pitfalls and scams. I really appreciate the fact that an "institutional" body recognizes some of them, making them "official" for its own chain (as a neophyte).
This may be a new season for memes. Tokens that are "fun" because they are "volatile" are useful at the same time for traders with little availability, given that they can also quickly and significantly multiply a budget which can then be transferred to more expensive and "planned" tokens.
WHAT DO YOU THINK ABOUT IT?
IMPORTANT:
They are not financial, purchasing or investment advice.
I like to discuss and share passion and curiosity.
#avalanche #coq #kimbo
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