Today is Saturday while the market is inactive.

Based on my humble experiences, I prepared a small reading for the weekend😊.

When you decide to invest, you have many options in front of you: cryptocurrencies, stocks, gold, etc. are among the most popular instruments.
However, the working principles and dynamics of each are different, but risk management, knowledge, and patience are common requirements for all.

Your primary goal should be to create a "deliberate strategy" rather than "randomly taken steps."

For example:
- *Cryptocurrencies* promise high returns, but they can lose value overnight.
- *The stock market* is slower but allows you to be a part of the growth of companies.
- *Gold* is safe, but it may not provide returns as high as the stock market in the long run.

The Most Critical Step: Knowing what you are doing!" Decide on what kind of investor you will be.

Golden Rules:

1. First, Set Your Financial Goal
•"Am I investing short-term or long-term?" answer the question.
•Use only the portion that you can set aside, not your entire savings.
•Do not invest without creating an emergency fund.

2. Recognize the Different Dynamics of Vehicles

•Crypto: It has high risk and high return potential. Trading is available 24/7. Its volatility is high.
•Exchange: You share in the growth potential of companies. It is regulated with a more controlled market and regulations.
•Gold-Foreign Currency: (The investment type preferred by our parents)
It is a more traditional and relatively safe harbor. However, sudden rises and falls are influenced by geopolitical events.

3. Trading Without Basic Knowledge

•Whatever vehicle you are going to invest in, first learn its logic.
•Moving with "sensations" without knowing the basic concepts is the biggest mistake.
. Learn to read charts. You don't need to be a professional. Gaining knowledge on basic topics like Trends, Candlesticks, Support-Resistance will allow you to look at the market correctly.

Start Small, Lose Big

•Getting to know the market with small amounts at the beginning is the safest way.
•Trading with large sums during the trial and error process.

5. Do Not Trade in Panic
•Every decline is an opportunity, and every rise is not a danger. Patience is essential.
•Think of "strategic buying" and "targeted selling" instead of "buy-sell".

6. Regular Monitoring and Research

•Keep an eye on the market regularly but don't get caught up in the noise and rumors.
•Do your own research (DYOR). Be cautious of hype projects in crypto, choose solid companies in the exchange, and monitor global data under.

7. Act with a Plan, Not with Emotions

•The greed for profit and the fear of loss are the biggest enemies of investment.
•Set your target, determine your stop, and have an exit strategy.

8. Portfolio Balance Establishment

•Don't tie all your money to a single asset type.
For example: you can balance according to your own risk perception as %50 safe havens (gold/currency ), %30 stock market, %20 crypto.

. It is always good to spread the risk. By diversifying the investment, we will not put all the eggs in one basket.

Remember: Successful investors are not those who take uncontrolled risks, but those who act with a plan.