The concept of risk management is taught in books and schools about business training. Everything has its basis.
As for Linh, Risk is always something that I cannot manage myself. In this world, everything has risk. The risk ratio is very high and is always 50/50. It's always success or failure.
Risks in life exist everywhere. And never predictable.
For example, if you go out on the road and study traffic laws, but unfortunately you still get hit by someone and have an accident. It is an unpredictable risk.
In the market, risks exist alongside opportunities. Risk management books and knowledge are the basis to help you LIMIT risk exposure. But it's always impossible to manage it completely at a certain rate. Remember, it's a RESTRICTION
But having Limitations is good. Better than not knowing anything at all. => You should look at books or knowledge shared on channels for reference.
For example: Stable Coin, I do not buy all 1 coin
When storing, you should divide it into USDT, USDC, BUSD, TUSD... because no Stable coin can always be 100% safe. Fud and Hack can be encountered at any time, leading to loss of Peg
When storing, you should not store 100% of your money on any platform. Please switch back to the hardware wallet and meta wallet for storage.
Investing is not all in 1 coin. Eggs should not be kept in one basket. Divide into 2-3 baskets. You should also not invest too much. Lost capital.
Always remember the lessons of LUNA AND FTX
All risk management programs or books you should read and refer to. Then come up with a playing method that suits your personality and perspective. Everyone's perspective is different. Thinking and reasoning are both different.
Money is yours. Whether you keep it or lose it depends on God.
The elders have a saying: LIFE AND DEATH HAVE YOUR FATE, WEALTH IS FROM GOD. COULDNESS IN DEPARTMENT
The article is based on Linh's personal opinion and perspective. For reference only. If you have the same perspective, you can follow Linh. Hehe
