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RE: Steemit Crypto Academy Contest Season 7 Week 3 - Understanding Crypto Trading By @fabiha
It is important everything you have mentioned, we must be aware of the risk involved in investing in cryptocurrencies, never use a capital that we are not willing to lose and apply a proper capital management, diversifying our investment portfolio, placing a stop loss and an order of the appropriate size, according to the available capital, as it is not good to use all the capital at once.
Best of luck.
Thank you for your wise words @syllem, you have mentioned some very important points that are crucial for successful crypto trading. Being aware of the risk and practicing proper capital management is vital for minimizing it. Diversifying investment portfolio, placing stop loss and using appropriate size of order are some of the key aspects to keep in mind. Your good luck wishes are much appreciated, I will make sure to keep these things in mind while trading. Thank you for your support and guidance.