Steemit Crypto Academy | Course 7 By @stream4u | Homework by @kelia
Hello to all the friends I will try to do my homework today after doing my research on this topic other homework for really hard for me to do because they want time and I don't have that but I could understand this homework and this one is helpful in my life as well
money management
Money management is a process in which a person diversify his capital into many parts and and can manage it easily dividing into many parts like investing in different cryptocurrency
the process starts from the point when you keep an amount of money e separate just for investment then you take that amount and divide that into many parts Usually when we don't manage your money properly we invest in one coin and we wait for that I think that's not a good money management a good money management is when you invest in many currencies some for long-term some for short-term and some for just few hours if we manage our money properly Even if we see some of your investment going down other investment can save us that is what money management
future plans on money management
after taking the lecture I have learnt many things from the professor My future plan is that I will invest my money into different cryptocurrencies and I will try to pick some cryptocurrencies from small capital and even penny cryptocurrencies as well and I will try to to keep a certain amount of my money for good times like when the rate falls down I will buy at that time and then when the rate goes up again I will sell it and I will not invest that money into any other thing one more thing I will do is that I will not take decisions from my I heart I will use my research and I will manage the money according to the technical indicators
Portfolio management
In simple words if I tell you if you combine all the the cryptocurrencies that you have invested in that is your portfolio management the basic work of of Portfolio management is to buy on right time and to sell on right time ant take less risk and more profit own your cryptocurrency Investments now as we learn that you will have to
future plans for Portfolio management
As a beginner in cryptocurrency world I have an a little bit of coins and I am thinking about to do some trading with this of course I will apply my money management on this so I will try to find some coins with the very lowest risk and I will add them into my portfolio and I will try to do the technical analytics before building my portfolio money management and portfolio work together you can't do one separately so I will try to combine both of them and some really good investment it would be small but it will be really good for experience
right now I don't have any food for you as I said I am just everything else in the think but I am learning a lot and soon I will be having my own portfolio
When was the last investment failed and why
to be honest I have never invested in cryptocurrency in their life I had some investment but I think we are talking about cryptocurrencies investment for here so I don't think I should share that because that is not relevant to the topic I am a beginner in in cryptocurrency investment and yes I have never had invested
Conclusion
every single person should learn how to manage your capital I have learnt many things by going through the lecture many times and then going to other sources as well to learn more and more about this topic money management
well I had no idea about portfolio and now I can say that I know a little bit about the basic of portfolio management
I am very excited for the future investments and now I am thinking about together as much as information as I can and do investment after that I should not jump into it without any knowledge but one thing is for sure that I will invest
thank you
Mentioning respected @steemcurator01, @steemcurator02, @steemblog and @stream4u for their support.
Thank You.
@stream4u
Hi @kelia
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 sir i will try next time to keep that in mind thanks again
sir my post will be expire without curation need help what should i do