~ The Saloon ~ Crypto & Stocks ~

[xZx]

a word of caution -- amidst the levity!

crypto is inherently risky, even when trading coins/tokens like BTC and ETH, but the low-priced DEX (decentralized exchange) end of the market is far more dangerous.

1. lots of scam coins
2. incredible volatility
3. unproven technology
4. murkiness on regulation

and recently in our saloon, there's been a pivot toward these lower-priced tokens because of their incredible leverage.

after watching SHIB take off, who wouldn't want a piece of that, right?

but IMO we need to keep in mind the risk vs reward, and resist the urge to "go big" in these trades.

lots of articles are out there about average folks turning a tiny investment into retirement money.

that means "swinging for the fence" isn't even necessary.

my suggestion is to either scale back position size, OR come up with an effective way to de-risk, as our profits grow.

better yet -- do a bit of BOTH.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166460915

good luck to us all, salooners!