๐ #useful
1) "Taste of victory." Real pleasure comes not from numbers and zeros of virtual profit, but from spending what you earn on something you can touch with your hands. This can be either a gift to yourself or help to someone who needs it. This is how psychology works, so spending a small part of your profit on this is a must.
2) Reinvestment. If you make a profit on a high-risk trade, then withdrawing your funds and reinvesting them in less risky assets will help protect your portfolio and lay the foundation for stable capital growth in the future. More details about the division of funds are in paragraph 5.
3) Insurance. How it works? During high-risk futures trading, it is necessary to regularly withdraw profits from your trading account. High risk = high responsibility. If the deposit on futures is liquidated during such trading, you can still remain in the black due to the profit that was previously withdrawn from the trading account. Such insurance will give you a chance to start over again in case of an unsuccessful trading outcome.
4) Security. Don't put your eggs in one basket. It is not safe to keep all your funds in one place/account/asset, because... any exchange or wallet can be hacked, and an asset can lose all its value in a short time. This leads to the fifth point.
5) Diversification of risks. How to do it? For example, you can divide your funds by risk level: a high-risk deposit on futures, a medium-risk portfolio for trading/holding on spot and a low-risk deposit for investments with a fixed rate of return, etc.
Be careful and successful transactions, friends! ๐ฅ