"Pocket" tips for beginners to trade coins: Allocate capital effectively
To "survive" and "thrive" in this volatile market, the first thing you need to do is smart capital management.
The "golden" secret is:
1. Don't "put all your eggs in one basket":
Split investment capital into many different coins, minimizing risks.
Reasonable allocation between top "big men" and potential "dark horses".
Choose the appropriate strategy for short-term, long-term trading and holding coins.
2. "Catch" the market with price averaging strategy (DCA):
Split buy orders into small pieces, effectively "fish for the bottom" and minimize risks.
Apply flexibly in all market fluctuations.
2.1 Capital allocation based on risk appetite:
For example:
Portfolio: 10% Bitcoin, 30% Ethereum, 40% Altcoin & 10% lowcap and 10% MeMe coin
3. Know yourself and know yourself, you will win a hundred battles:
Determine profit goals and risk tolerance level.
Choose a strategy that suits your "taste".
Research carefully before making a decision to buy or sell
4. "Carefully consider" before investing:
Only use idle money, be ready for potential risks.
Don't be "greedy", follow the established discipline and strategy.
Carefully record the trading process to gain experience and learn.
Source: SandWich NFT on X
