Crypto & Forex Welcome Back
Hey everyone, I just posted videos describing my first week back in crypto and forex. As you’ll see the results are mixed.
Rule of 90
The 90 rule, from what I’ve read, goes something like this 90% of trades lose 90% of their investment in the first 90 days. Will I fall into that category? Lets keep going and find out 🙂
Risk Management
Risk management is important! Do not trade like I do. As you saw on the crypto video I started the bot at a high price which is not ideal. With forex I’m relying on someone else’s system. I should be doing my own research and writing the logic for my expert advisor myself. I have not matured to that level yet. I take alot of risky investments because I feel like I got a late start investing in life and need to make up for it, which is likely an unwise choice. Picking some strong growth and dividend stocks would probably meet my investing needs. However, I’m always looking for a way to get a better return. What I’m saying is do not be like me. Do your research, gain an understanding of the business your buying into and buy based off data not whim.
Later Gator
Until next time happy investing!