Portfolio is a great idea to watch all of your investment, i use a app for my portfolio which is so great.
Hi Traders,
This is the 2nd part of the series "How To Earn By Crypto Trading" and today we will talk about Portfolio Creation. What is portfolio and why its needed and how you can do it.
Crypto Portfolio is a record of your holdings. Which currency is you are holding and in which amount and all data related to it. In short portfolio is used to record or remember your all holdings and details related to it.
Why Portfolio Is Used ?
Creating portfolio is a important step specially when we are holding more then 2-3 currency or you are a day trader. It is hard to remember all the data and records because a normally trader trade in more than one currency and do day trading some time.
If we don't record over transactions then in last we will not be able to find that how much profit we gained or loosed and from which currency. That's why creating portfolio is a important step.
How and where to record all the data ?
There are may way to create portfolio, we can either use offline or online mode but i will highly recommend you to use online mode. Where we can see live price and profit/losses. Here are some offline and online portfolio.
Offline Portfolio - Offline portfolio includes writing all your data in paper and using excel in pc to record your fund.
Online Portfolio - Online portfolio includes using a portfolio website or app to record all the data. It is the most recommended way.
In my case i am using an app named "Blackfolio" in my android phone and i found this app so helpful.
In this app we can record every single trade of any currency and can see live price and all our holding. One more thing is we can see the full graph of our holdings like we see for single coin. The app is available for both apple and android users. Overall this is a great app and i never thought to find another one. Let me know if you know a better app from this.
Feel free to ask any question regarding this topic and i will try to help in any way i can. You can Re-steem this post to your followers so i can cover more minnows. My motive is to help minnow to grow so they never make silly mistakes and lose all their hard earned money.
Please do not take it as a financial advise. THIS IS NOT A BUY REQUEST. It is just my analysis,opinion and result of readings. So before investing in any Crypto currency, do your own research first. I will not be responsible for any losses
Thanks for reading...
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