The Richest Crypto Trader in the Metaverse: 7 Rules for Financial Success
3. Monitor Risks: Don't Go All in
Any asset can go down the drain. It's important to remember the risk management rule: don't invest more than 5-10% of your deposit in one coin. Even if someone shouts "this is the new bitcoin", remember - there is always a chance to lose everything in crypto.
Safety rules:
🚨 Diversification - different assets, different blockchains
🚨 Profit taking - don't wait for X10, take profit in parts
🚨 Stop losses - set protective orders