How did I diversify my crypto assets?
When I’m trading or buying a new coin i put effort to dyor(do you own research) about the coin i’m investing to, and how I win by trading them to another coin.
When I am trading I always put it into my mind that I should win in every trading that i do, or to grow more my assets.
but sometimes I was trying to do the buy low sell high scheme.
Why do we need to diversify?Why Is It Important to Diversify
The primary goal of diversification is to spread out your risk so that the performance of one investment doesn’t necessarily correlate to the performance of your entire portfolio.
Well, the fact is that you cannot get to win in every trades. The key of the trading is when you win, you win big but when you lost the trade, you lose a little by looking at the risks and the rewards ratio. When you risk 1USD to win above 3USD then it is a good trade, otherwise I will think twice.
Noted Sir, I’m learning a lot from you sir <3 thanks