Today is Saturday while the market is stagnant.

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

When you decide to invest, you will have many options in front of you: cryptocurrencies, stocks (BIST), 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 necessities in all of them.

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

For example:
- *Cryptocurrencies* promise high returns, but they can lose value overnight.
- *The stock market* is slower but allows you to participate in 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 what kind of investor you will be.

Golden Rules:

1. First, Define Your Financial Goal
•"Should I invest short-term or long-term?" is the question to answer.
•Only use the part of your savings that you can set aside, not all of it.
•Do not invest without creating an emergency fund.

2. Introduce the Different Dynamics of Vehicles

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

3. Trading Without Basic Knowledge

•Before investing in any vehicle, 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 such as Trends, Candlesticks, Support-Resistance will allow you to look at the market correctly.

4. Start Small, Lose Big

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

5. Do Not Trade in Panic
•Every drop is an opportunity, and not every rise is a danger. Patience is essential.
•Consider "planned purchase" and "targeted sale" instead of "buy-sell".

6. Regular Monitoring and Research

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

7. Act With a Plan, Not With Emotions

•Greed for profit and fear of loss are the greatest enemies of investment.
•Set a target, determine a stop, have an exit strategy.

8. Portfolio Balance Establishment

•Do not 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. We will not put the "eggs in the same basket" by diversifying the investment.

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