Posts

Damn, where's my risk management? :)

avatar of @cranium.leo
25
@cranium.leo
·
·
0 views
·
2 min read

This morning turned out to be interesting. There has not been such a strong correction in the cryptocurrency world for a long time. Of course, any growth is not possible without periodic adjustments. Anyway, the bull market could not last forever, although it is too early to talk about changing the trend.



I immediately remember the events of March 2020, when against the background of a global pandemic, you could buy bitcoin for 6k. Instead of buying at the time, I was actively involved in the withdrawal of assets in fiat funds. I do not undertake to predict the further movement of the price of bitcoin. I know 2 important things that I was able to learn during my years in the world of cryptocurrencies:


"Bitcoin has no ceiling, as fiat money has no bottom" and "No irreplaceable cryptocurrencies", for this wisdom I thank @cryptospa. Thanks to his daily technical analysis, I began to understand the cryptocurrency market at least a little bit.



What to do when everything is in red? - Go back to your plan and see what you planned to do before the price fluctuations and do it according to your plan. Especially since your risk management had to minimize your potential losses.


Just do not say that you do not have a plan and you have not thought of any action in case of a sharp decline in the price of certain cryptocurrencies. Well, then you, like me, have something to do today. The nearest goal for today:



  • Development of an action plan aimed at increasing the number and value of my cryptoportfolio.
  • Development of an action plan aimed at minimizing the potential loss of value of the cryptoportfolio. (so-called risk management).

Productive planning for us.


This post is a translation of my post specifically for @leofinance



Link to vote for @cranium as a witness

Useful link


Exchanges Binance | Poloniex | Huobi | Cryptex24 | Ionomi | Okex | Bitwired | Qtrade | Kuna | WhiteBIT Cryptogames Doctor Who | Oceanplanet | c24 games | Splinterlands | Cryptobrewmaster | Exodegame | Rabona Cryptoblogs HIVE | STEEM | lbry.tv | noise.cash



Posted Using LeoFinance Beta