Crypto Academy Week 7 - Homework Post for [@stream4u] BY PEDRO SAA.T

Thanks to the teacher @stream4u for the class and for contributing his knowledge, this is my homework for week 7, this time we will touch on the topic of briefcase and briefcase management. that ignoring this issue can lead to investment failures, due to this the statistical myth is derived that 95% of traders fail.

1.TRADE WITH AN AMOUNT YOU ARE WILLING TO LOSE

We all know that operating in the world of trading entails a good study and having a good base in money management and other topics, when the investor does not take into account the risks and invests a very high amount of capital, he has a probability of losing a lot of money That is why it is recommended that you analyze how much you are willing to lose, since if you invest a reasonable amount of money, the loss will not significantly affect your briefcase.It is true that by investing a large amount of money you can get a great deal profit, but because of the risks it is not a profitable idea.

2.PLAN FOR THE FUTURE

Most people think that earning money in investment platforms is something spontaneous, but it is the opposite since to invest and be able to have security in your investment you must have a plan, including contingency plans, since without This previous plan the state of your briefcase and purse can be negatively affected. The plans in this area of work are a fundamental pillar of a good development.

3.BRIEFCASE

I still do not have a briefcase but I have the theoretical knowledge that it can be done to have a good, stable and deverse briefcase. These are the topics that should be taken into account:

a. Investment size: we have already talked about the size of the investment, in a summarized way we can say that the safest is to invest what we are willing to lose, so that in case of loss, it is not so significant.

b. Diversity: diversity is important in a briefcase , since having it you will have more sources of income.

c. It must be borne in mind that there are two types of briefcase, the asset and the liability, the liability consists of investing in the most well-known currencies, on the contrary in the asset you can invest in all possible currencies, it could be said that having a Passive briefcaseis playing it safe, but without taking the asset's trustworthiness away.

FUENTE

4.FUTURE PLANS OF MY BRIEFCASE

For now I do not have any investment, but in a future in which I have enough experience and tools to develop in this financial world, I hope to have a fairly wide briefcase, by this I mean to responsibly divide my capital to be able to invest in different currencies, Since with this I will achieve diversity and will not focus on a single project, which means more sources of income. I want to achieve an investment capital that allows me to invest in different cryptocurrencies to achieve a wide briefcase. My goal is to invest in ICOs that have a promising future, pennys cryptocurrencies, etc.

5.INVESTMENT FAILURES

As I said before, I have not invested since it seems irresponsible to start investing without having the necessary knowledge, so I will wait for the future, I am a faithful believer that patience is essential in this area..

FUENTE

6.CONCLUSION

In this world it is important to have an objective thought and not get carried away by stress, in addition to having a vision and future and financial responsibility, in addition to obviously knowledge about cryptocurrencies and investment, having a good financial responsibility leads to the organization and therefore both also to a good development in investment platforms. Clearly the risks will always exist, but
The essence of the matter is to try to reduce them as much as possible, with the tools previously provided we can achieve it successfully.

I hope this information has been helpful to you, again thanks to the teacher @stream4u for the information.

with nothing more to add have a good day.

text written by Pedro Jose Saa Tundidor

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stream4u (73) · 4 years ago

Hi @pedro.saa

Thank you for joining Steemit Crypto Academy and participated in the Homework Task 7.

Review Visit Level	Task Remark	Comment	Guidance, Feedback, Suggestions	Grade	Verification (Done, Hold)
First	Completed	Explained Well.	Looks fine.	7	Done

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

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pedro.saa (53) · 4 years ago

thanks for the feedback teacher.

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