Top 10 rules for traders “HODLers”
HODL = Hold On for Dear Life. It’s a long-term game, not scalping. Here are the rules that prevent 90% of mistakes:
1. Invest only what you can afford to forget for 4 years
If a -70% drop makes you panic and sell, your entry ticket is too big. HODL only works if you sleep well.
2. DCA > Market timing
Dollar Cost Averaging: you buy a little each week/month, no matter the price. You avoid buying the top out of FOMO.
3. Do your research first, not during