There are 3 ways to decide how you want to invest. Profitability and difficulty as well as risk is different for each one but worry not I shall guide you.
If your portfolio size is <0,5 BTC, you should invest solely on etherdelta, cryptopia and other tiny exchanges. Research coins that either JUST got added or got added recently, or were fomo’d and abandoned. What matters there is SHILL POWER. Look for coins that fill all these requirements:
- Small marketcap (below mil is the best, below ~3 is okaysih)
- Low total supply, majority must be in circulating supply (85%)
- Have a solid team or idea or advisors
- Have burn/exchanges announcements or rumors going around
Anything extra shillable is great. Once you buy, talk about the coin on telegram groups and shill it like your life depends on it. Post often with cashtags and talk about the burn/whatever there is to attract investors and potential marketcap. Don’t bullshit though or you’ll hurt both your reputation and the coin.
What’s the most important here is TAKING PROFITS before the price goes to shit.
Don’t expect a 500%, take the 250%.
I advise you to all in if your portfolio is below $1000, your portfolio is tiny, you need to grow, I started the same way.
If your stack starts getting too large to sell/enter trades there with, consider climbing up the second step. If <20 BTC, you should diversify between multiple solid projects on Binance and by the time you go there you should have already learnt to do proper research. What you need to understand now is market demands (this is why we have a group) or you’ll get stuck holding forever with your portfolio growing at a slower rate than btc. Don’t hold your whole stacks, when you see a coin went 10-20% up and down multiple times, set sells and buys at these prices. Go with the market, not against it.
I strongly advise you divide your stack between 2 holds that you swing and 3 trading stacks at max that you use to go into pumps/breakouts.
If you entered a quick trade and it didn’t work out, don’t be a retard, CUT YOUR LOSSES, don’t trade emotionally. Don’t panic. Always have a strategy before you jump into a trade, always keep some spare BTC.
Always keep a few ethers to invest in possible 100xers on etherdelta/cryptopia for longs. 5% of your stack at most.
Keep in mind you don’t need to be an expert on TA, use trendlines, support, resistance, volume and bullish/bearish indicators.
I present you the most valuable material of what i stumbled upon which i’ve chosen to study trading/investing, mandatory watch, you need to see how successful people operate, act and think
Jim Rohn – dude’s gone from 0 to 100 by changing his perspective of life and surrounding himself with the right people, good watch
Anton Kreil this guy is massive. Nuts daytrader + teacher, my personal favourite, in some of these videos you will see him teaching complete newbs, you should focus on what mistakes they make and avoid it.
Anton Kreil v2
Anton Kreil v3
Anton Kreil v4 watch the whole series- 3 1hour videos of lex vandam and anton kreil turning noobs to pros, spoiler noobs end up outperforming their own hedge fund
Warren Buffet tons of gain and nothing to lose by hearing the thoughts of one of the greatest investors of our time, he did what we do now in crypto, find undervalued assets (hodlers relate but dont ill talk about it later)
Robert Kiyosaki more of an offtopic but dude’s gained wealth by being beneficial to others and taking smart loans, i reccomend you read all his books too, if you have children teach them what he teaches or give him his books, financial knowledge is absolutely MANDATORY for everybody who doesnt want to stay dirt poor trading or not