Crypto Rand

📜 Whether you are trading in a Bull Market or a Bear Market, its important to have solid risk management and not deviate from that strategy.

Here is a 7 point trading plan that you can follow to make money in most market conditions.

A thread 🧵 👇

1) Patience:

Be patient and build slowly. Greedy people going big with margin trading tend to burn their whole bag within days.

2) Diversify:

🔸 Don't just stick to short term trading

🔸 Try to invest with long term vision

🔸 Allocate some into IDO's

🔸 Allocate some into restaking platforms

3) Diversify some more:

🔸 Look at investing across industries/coins

🔸 Don't put all your eggs on the same basket

🔸 Consider #AI, #DePin, #Gaming, #ZK's, Protocols...etc

4) Remove Emotion:

Don't fall in love with your investments, if you get emotional it will poison your decision making skills.

Even the most experienced of traders can sometimes be on the receiving end of this.

5) Retain Liquidity:

Always keep some $USDT liquid for major corrections, IDO opportunities etc. It's always handy ✌️

6) Rebalancing:

Rebalance your portfolio as it grows. Never be shy to take profit and move it onto another investment or trade.

7) Knowledge is Power:

Stay informed and updated. Knowing and anticipating trends it's a big plus.

And Do Your Own Research (DYOR)

Do not rely on someone shilling you a coin/project. This can make you money, but it can also break you.

⚡️ I constantly share trading advice and tips in my Discord Channel.

Join for free and also get access to technical analysis, project research, AMAs etc. 👇

  discord.gg/rand