2: Make A proper plan , Set profit Goals, and always use Stop loss 🎯
3: Always do your own research ✅
4 : Diversify Your Portfolio , never stick to one single project if it fails you will lose all
5: Use Dollar Cost Averaging ( Means never invest All your money at once instead buy in parts example , if a coin price is at 100 and you bought it your 2nd entry should be around 70$ your average price will be 85$).
6: Buy At Support and Sell at Resistance ✅
7: Don't fomo , if you missed the opportunity then don't rush to buy it at top , you'll have another opportunity .
8: Spread your Money on different Exchanges or wallets ( in case of any collapse you could avoid all loss , example many people lost in Ftx exchange collapse )
9 : Trend is your friend , trade accordingly if market is bullish you should avoid short leverage trade.
10: Stay updated with Market, as crypto changes fast , follow reliable news source on Twitter or discord
11: Try to do only spot trade as Future trade is too risky and you don't need to be greedy
12 : Learn Constantly from Your mistakes , never repeat same mistake twice .
$OM Dumped from 6.35$ to 0.37$ Almost 5 Billion $ wiped out , Lot of investors loss their money in this sudden dump . What Are the Lessons You should Learn?
1: Never invest All your money in single coin 2: Always Use Stop loss in your trade 3: Try to avoid shitcoins 4 : Mainly Focus on Bitcoin and Ethereum as they are less risky $BTC $ETH
Mooni_306
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Hello Experts, I hope you're all doing well. I recently suffered a significant loss of nearly 200,000 PKR and I'm feeling very upset and disheartened. I would really appreciate your guidance on what I should invest in or purchase next. Please help me make a better decision this time. 😔🥹🥹🥹