#TradingOperations

Continuing to share my trading operations from where left previously.

As I mentioned in my first post on trading operations, I concluded that I am made more for spot trading rather than for futures trading. One should realise his pros and cons before investing. futures trading requires a different kind of mindset as compared to spot trading.

Now I will go through certain things to look into, while investing in the spot market for any Crypto currency. I will go through them with examples.

Firstly, identify the founders of the crypto currency in question. Whether it's founded and supported by strong players or not. for example $SXT is supported by microsoft and $SOLV is supported by binance labs. or in case of meme coins, $MUBARAK is supported by CZ. Now all the players mentioned above are strong players and all of them can have a big impact on the future of the said digital asset.

Secondly, identify the project behind that crypto currency. Except for meme coins or fan tokens, all other digital assets have some project at its back that gives credibility to that project. for example, AXL coin has a project behind it that works on interconnections among various blockchains and develops protocols for their interoperability. SHELL coin is another coin with a strong AI project where even payments are done in shell coin. IOST coin has been here for quite some time now and been surviving. Its projects are one of the earliest to introduce stacking and earning on idle coins.

So basically these two points are really important. founder and project. one must research every coin. buy the coin at the conclusion of the bear cycle. and accumulate as much in spot as possible and wait for the bull run.