Crypto Academy Week 7 - Homework Post for [@stream4u]
Thank you very much to the teacher @stream4u for this week's class, grateful to the entire steemit community for the opportunity to develop myself through this platform and nurture my knowledge in cryptocurrencies, this is my presentation of the class of the week number # 7.
1.Money managment.
It is important before any long or short-term investment, to have a basic knowledge of money management and how to manage it intelligently, not only in trading but in business in general, on this topic I seek to cover some "tips "very specific but that cover this topic very well.
Have a set amount that you are willing to lose:
Many consider that with large investments, you can accumulate great rewards, some investors can disinterestedly give large sums of money in investments that at first glance look quite attractive, but due to inexperience or lack of knowledge they lose amounts quite substantial capital.
It is recommended before any investment:
Work with a real account, with an amount of capital that we can assume your total loss.
Develop a subsequent investigation of the asset in which we are going to invest, without being influenced by different sources of information, social networks, among others.
It is always advisable to seek truthful information from experts and cryptanalysts, to have much clearer information on the investment to be made.
Make a division of your capital, to make different investments in a safer way and with a lower risk factor.
2.Future plan on managing your money.
Managing is really a virtue, administrators must assume the responsibility of taking actions that allow a good development of capital, and for that same reason it is necessary to be clear about the main functions of the administrator.
It is important to have an action plan in an orderly manner, in order to maintain control of your capital and avoid any type of uncertainty that could put any of your investments at risk.
I want to have a capital that allows me to make different investments in order to have a large portfolio that allows me to continue evolving and obtaining much more income, maintaining an exhaustive administration of my capital to avoid some type of setback that delays my evolution as an investor.
3.Analyzed the portfolio management, if you have an investment and agree with you, show the portfolio and briefly explore it.
I currently have only one portfolio, the steemit portfolio, it is at zero at the moment because I started a week ago, but my current goal is to get Steempower and continue growing in this great community.
4.Plan for the future in managing your portfolio.
My current goal is to continue growing and developing my knowledge about cryptocurrencies, and the steemit platform gives me that possibility to study and at the same time create a small source of income to make investments, which will allow me to continue evolving on the platform. These are some steps I must follow if I want to build a good investment portfolio.
- I must maintain an exhaustive administration of my capital, and thus have a better control of my investments and avoid some type of setback.
- I must apply the necessary strategies to make investments that bring me profits and that have a low percentage of risk.
- have a lot of patience and maturity to be able to operate on blockchain.
5.¿When did the last investment fail and why? (those who have experienced this can provide insights).
I have not had the opportunity to invest in cryptocurrencies, capable due to inexperience or lack of knowledge, but in recent months I have collected much more information from cryptanalysts who develop fairly detailed analyzes and fundamental advice to make smart investments, which I will take very much into account at the time of making an investment. These are quite useful tips that I could find to make safe investments:
- Diversify your investments, to find profits in multiple areas and thus not centralize your income in a single source.
- Investigate in depth where you are investing, the projects that these carry and that the developer group is trustworthy.
- have an investment margin, you can use up to 5% or 10% of your capital for your investments and thus minimize losses.
6.Conclusion.
Money management is essential to continue growing as an investor, the administration of this means of human development goes
ingrained with the behavior and maturity that we must develop through this increases in quantity, we must be guarantors that the decisions we make in Each investment we make throughout our lives may have an impact on the investments we want to develop in the future..
We have to be aware of the decisions made and carry any responsibility that this entails, understand that not all investments will bring rewards, and that this business works calmly and persistently, therefore it is not good to rush, or force anything, every investment gives fruits at some point is a matter of being patient and learning from mistakes, those that shape you and make you a better investor.
Cc: -
Hi @diegoomorilloo
Thank you for joining Steemit Crypto Academy and participated in the Homework Task 7.
Your Homework task 7 verification has been done by @Stream4u, hope you have enjoyed and learned something new in the 7th course.
Thank You.
@stream4u
Crypto Professors : Steemit Crypto Academy
Thank you very much profesor @stream4u, grateful for your time and for the work you are doing for this community.
This publication is very interesting, you have covered all the points that the job requires in a satisfactory way, I really liked the conclusion and another thing that I think is essential that you stressed a lot is "you have to invest an amount of money that you are willing to lose" , excellent post.