New crypto investors often face two main hurdles:
Not knowing what to buy.
Not knowing when to sell.
Let's break down the first challenge. To figure out what to buy, the key is to focus on the narrative. A narrative is essentially a sector that's "hot" and getting a lot of attention in the crypto market. If you're a beginner, this is your starting point. For example, if "GameFi" is the current hot narrative, then GameFi coins are what you should be looking at.
Now, for the second challenge: when to sell. Every narrative has a lifespan, and in the crypto market, narratives typically last 2-4 months. It's rare for one to sustain longer than four months. Therefore, once two months have passed, it's wise to start thinking about taking profits. A smart move is to use a moon bag strategy: sell 50% of your holdings once the price has gone up by 100%, and then let the remaining profits ride.
Stay persistent!
