✍ Create a balanced portfolio on Binance
$BTC
Create a balanced cryptocurrency portfolio on Binance in a way that reduces risks and increases growth opportunities:
- First: Define yourself as an investor
- Before anything, ask yourself:
- Are you adventurous? Or do you tend to be cautious?
- Are you looking for quick profits? Or building wealth in the long term?
- What amount can you afford to lose without impacting your life?
- Second: Distributing the portfolio in a balanced manner
- A balanced portfolio in the crypto world means mixing between:
1. Strong and fundamental coins like: Bitcoin and Ethereum.
- These represent the backbone of the portfolio, less volatile and more reliable.
2. Medium capitalization projects like: Solana, Polkadot, Avalanche.
- It has high growth potential but with some risk.
3. Emerging or meme coins or those with high risk like: PEPE, FLOKI, or initial coin offerings.
- It can yield quick profits or severe losses.
- Third: Practical steps on Binance
- Start by buying core coins at no less than 50% of your capital.
For example: 30% Bitcoin, 20% Ethereum.
- Choose 2-3 promising projects that you see are technically active and receive community support, and put about 30% into them.
- Allocate 10-20% for speculation or new coins, provided you monitor them continuously and exit any coin if it starts to drop significantly.
- Be sure to use the 'Limit Orders' feature to enter at a good price, and 'Stop-Loss' to protect your capital.
- Fourth: Monitor and rebalance
- Review your portfolio every week or month.
- If a particular coin has risen significantly, take some profits and redistribute them across the rest of the portfolio.
Don't hold a coin just because it 'rose previously'; instead, evaluate each coin based on performance and future potential.
- Fifth: Security Tips
- Enable two-factor authentication (2FA).
- Don't leave all your coins on the exchange. Use a cold wallet or a private wallet (like Trust Wallet) if you aren't trading daily.
- Don't invest based solely on 'Twitter hype.' Research and read.
✍️ Your portfolio on Binance should reflect your personal balance:
- Don't focus only on profits.
- Make security and continuity a priority.
- Smart trading is not about entering a lot, but about exiting at the right time.
