Crypto Academy Week 7 - Homework Post for @stream4u

Hello every one welcome to another homework task post for @stream4u one crypto professor, this is week 7 now which is one month and 3 weeks and i have learnt a lot by participating in this tasks and i hope you have too.

This week our professor @stream4u wrote about money manage and portfolio management so if you want to read our professor article click this link any way let's dive into this week task.

In the homework task our professor outlined that we have to write about money management and portfolio management and he said we should write about the topic and that is what I am about to do.

Discussed Money Management

This is the process by which you manage your funds by gaining from them in other words money management is investing your money so as to see maximum profits, another way to properly do money management is by splitting your money into different forms to get maximum profits.

Example like in the cryptocurrency ecosystem instead of investing all your funds into one coin you can find more than one crypto that you know will perform well or that is performing well never find a coin that has reach it's peak because that may be it's all time high and it can never pass it again.

Future Plan on my Money Management

My future plan on my money management is to invest my money in cryptocurrencies that has a good future plan so as to keep my funds while they bring in profit for me not only that I will be watching so as to know when to take profits then waiting for a correction then buy it again.

Discussed portfolio management, if you have an investment and it agrees with you, show the portfolio and briefly explain it.

It is simple portfolio management is the accumulation of an asset which you have invested in meaning if you implement the skill in in money management your portfolio list should contain more than one or two assets or funds much more.

It is important that is the money management because after you understand it you can now start a portfolio management With this, it will help you to track your coin you invest in and to look at how they are performing in the market and how they are gaining profit for you in return

Right now, I don't have a portfolio list but I will gather some before the current correction stop.

Future plan on your Portfolio Management

As i said I will be timing and watching the current correction and as soon as it is bullish again I will have already picked up this coins that I trust which are LTC, Link and Sushi.

When was the last investment failed and Why? (those who have experienced this can provide views.)

This happened recently when I invested in ADA at the price of $0.9 because I knew the coin was going to pump and so it did to $1.4 then there was a dip and it dipped to 1.3 then I sold and it kept dipping to 1.2 then I thought it has dipped finally so I bought only for ADA to dip again to like 1.06 which means I was in loss and I was panicking then I sold even though I was in loss, it kept dipping till 0.9 again then out of no where in a week I was not expecting it pumped again very fast to 1.43 and I didn't buy so that is why I regard it as an investment plan failed.

Conclusion

Always make a watch list short and with the best assets anyway I want to thank @steemitblog and @stream4u because through this process of doing this homework it has pushed me into doing researches.

Best regards

Cc: @steemcurator01
Cc: @steemcurator02