#newbie #Uptrend
I am f0, what should I do when my account is full of USDT/full cash
and the price is at a midpoint with an unclear trend
1. It is necessary to determine the general medium and long-term trend of the market, whether it is an uptrend or downtrend. If it is a downtrend, then those who do not trade are the winners!
2. Identify 5-8 good coins (I will choose coins, not tokens). And the price has not increased too much from the bottom.
3. Entering an order:
If the price is at a midpoint and in an uptrend, I propose the DCA method as follows:
+ Divide the current capital into 10 parts
+ Take 3 parts to buy immediately the selected coins in step 2 => to get the initial amount, consider it as flag planting, and if there is a price drop we still have money to buy more, if the price rises then we are not controlled by FOMO psychology
+ After that, every 2 weeks, use 1 part from the 10 parts above to continue buying => we will get an average price => if from the time we buy until we finish DCA and the price only drops, then we will just be at the average price without chasing the peak, of course when the price rises we will also have average profit
* What if the price drops sharply? Then just decrease by 10% and take 1 part to buy more
* What if while DCAing, a coin increases by 3x or 4x? Stop DCAing that coin and sell a part of it to buy the remaining coins
Note: ONLY APPLIES TO GOOD COINS
#tất all for reference only, not investment advice
