If you are starting in the world of trading or cryptocurrencies, these tips based on my experience can help you avoid mistakes. Take note and start off on the right foot! 💪
Research on your own and do not blindly follow opinions.
No one will give you the magic formula, and many prioritize their own interests.
Before investing:
Read the project's whitepaper.
Analyze the team, the use case, and the adoption.
Use reliable sources like CoinMarketCap or serious forums.
Investing with conviction will help you stay calm and not panic when the market becomes volatile.
Aim for solid and sustainable projects.
Look for projects with:
Strong fundamentals: good team, innovative technology, clear use cases.
Growth potential: e.g., projects in sectors like DeFi, AI, or the metaverse with increasing adoption.
High liquidity: Check the trading volume on exchanges (e.g., Binance) to enter and exit without problems.
Avoid "shitcoins" or trendy projects without substance. If you follow a trend, analyze your entries well and set realistic goals to exit with profits.
Diversify and manage your risk.
Don't put all your eggs in one basket. Diversify your portfolio:
Invest in projects from different sectors.
Use a strategy like Core-Satellite: combine stable assets with other higher-risk but high-potential ones.
Never invest everything at once.
Divide your capital into portions (e.g., 25% per entry) and use the DCA (Dollar-Cost Averaging) strategy: buy more if the price drops, but only in projects you trust. This reduces risk and improves your entry average.
Master the market cycles.
Each project has bullish and bearish cycles, although many follow the trend of Bitcoin.
Before buying: confirm that the asset is in a bullish cycle using technical analysis (e.g., moving averages, RSI on TradingView).
Research how far the cycle can go (e.g., are there news of adoption or a halving of $BTC ?).
In bearish cycles, adjust your portfolio: switch to stablecoins like $USDC , invest in assets like $PAXG (which tracks the price of gold) or diversify into stocks/ETFs outside of crypto.
Patience: selling at the right moment and waiting for the next bull cycle can make a difference.
Keep a cool head.
Trading is emotional, but impulsive decisions (buying due to FOMO or selling due to panic) are your worst enemy. Set a plan, define your goals, and follow it with discipline. Patience always pays off.
Keep learning and share knowledge.
The crypto world evolves quickly. Stay updated, test strategies, and learn from your mistakes. This is just the beginning: I will continue sharing my experience in trading and investing.
If this helped you, support me by following or with a like, comment, or by quoting this post. Together we grow! 🙌
Good luck and trade intelligently 💼
