On a day-to-day basis, we need to develop skills to master our personal finances. Money management is an important element for success in any market. It is really not that important the size of the capital we trade or invest with, because losses will always be inevitable, such as the highly volatile market like cryptocurrencies. It is essential to learn how to manage our money to minimize losses. If we are willing to risk, the potential reward will be much greater, but it is necessary to master money management and portfolio management in 3 or more assets, thus dividing our investment.

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2. Future plan on how to manage your money

Willpower and self-discipline is something that many of us struggle with. Letting go of acting on emotions and taking some time to think, analyze and study how I should invest.

"An asset is something that puts money in your pocket."
A liability is something that takes money out of your pocket."
Robert Kiyosaki

By investing in cryptocurrencies I will have full control of my money, as they offer me a secure way to trade, and this is achieved from decentralization and blockchain technology.
One of the best ways to manage my money, using of course the golden rule of keeping a diversified portfolio distributed among various assets. For a bad investment not to wipe out my capital it is necessary to gain exposure to more assets by hedging losses.
Using the unified account management feature (Portfolio Margin) I will be able to manage all my accounts, trades and cryptoassets from a single interface. And so I will be able to unify all my assets and trade any instrument, using all its purchasing power.
Dividing the capital in 3, 4 or more assets, with a unified account you will be able to do this efficiently, previously mentioned maybe a couple of assets will be losses, but the rest will be profit and will cover those losses.

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3. Analyzed portfolio management, if you have an investment and agree with you, show the portfolio and explain it briefly.

Analyzing the portfolio management, we define it as an organization or process of an investor's financial assets, monitoring and evaluation of such portfolio and its results, which will help us to reduce risks and maximize profitability.
At the moment I do not have an active investment portfolio, I am currently studying a list of coins among them altcoin and pennys that are my favorites, but these are also risky, therefore, in my research and practicing everything I have learned in the cryptoacademy courses of different teachers.

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4. Plan for the future in the management of your portfolio.

Taking into account that for the management of my portfolio in an effective way there are stages or aspects, such as:

• Risk tolerance. If I assume a lot of risk, it is possible that I will make a lot of money or lose it, but if I absolutely avoid risk, it is not very likely that I will win or lose. It will be up to my tolerance to achieve a balance of risk.
• Measuring performance. I will measure performance and establish benchmarks to track potential mistakes.
• Asset allocation. Selecting a mix of assets will help me reduce risk and maximize return.
• Diversification. When I invest in multiple stocks (3,4 or more assets) I can reduce risk, because if one market crashes, I won't lose my entire investment.
• Restructuring. I must continually restructure my portfolio ensuring a good balance between risk and return, returning the weighting of assets to their initial state, because the cost of securities in the market changes, which affects the profitability of our investments.

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Conclusion

A correct money management will guarantee us to obtain less risks and higher profitability of our investments. We need to control our capital, we must pay attention to the services offered to choose a management company that fits our profile, or we can also be individual investors who manage their own portfolio of securities.
No matter how experienced or professional traders are, they can also lose everything in one or two bad trades if they do not use money management, portfolio management and risk management. Huge losses can be avoided by trading with a cool head, using at least the basic trading tools and management forms.
Money management and portfolio management are an important part of investing. If the crypto universe continues to grow, we need advanced management tools that will maximize our investment returns and push the crypto market capitalization to the trillions of dollars to which it rightfully belongs.

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Cc:
@stream4u
@steemcuartor01
@steemcurator02
@steemcurator03

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Thank You.

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