“Less than $1000 in funds? You should never trade this way!”
If your cryptocurrency portfolio is between $500 and $1000, you are not an investor but a short-term trader. This is also the fundamental reason many people lose money.
What mistake have you made?
You are using a trader's budget to invest for the long term. $500 is simply not enough to hold cryptocurrencies long-term while waiting for a bull market to arrive. However, many newcomers blindly purchase and expect a tenfold return. What’s the result? Constantly checking prices, emotional fluctuations, and panic selling.
This is not investing; it’s emotional gambling.
What should you do?
With $500, you can easily make $150 to $200 through swing trading by capturing 20%-50% market fluctuations. This is the winning strategy for traders.
If you have $1000, allocate wisely:
$500: Invest in quality coins with tenfold potential.
$500: For short-term trading, learning the market, and improving skills.
Your trading rules:
If you only have $500, the risk per trade should not exceed $200. Always keep $300 for dollar-cost averaging. This effectively reduces risk and avoids emotional trading.
In future shares, I will recommend 3 coins with fivefold potential and opportunities for tenfold returns, but only if you remain disciplined and not swayed by emotions.
If your portfolio is below $1000, follow me; if it’s over $1000, feel free to skip.