How to buy/invest
(this is part 1)
this is biggest issue with every new trader.
if they have 100$,500$,1000$ or 10000$ doesn't matter,they ll put all money in 2 or 3 coins because they heard advertisement and then those coins go down or get delisted.they lose all money or wait and wait forever...
what's solution?solution is called risk management!
i ll explain in simple words to you
100$ budget
buy only 2 coins of 10$
now wait,if they go up sell if go down buy again but not in little gap,
yes trade with only 20$ and the rest 80$ is your risk management and reserve money for dumps and Dca.
500$ budget
buy 10 coins of 10$
invest 100$
400$ reserve
1000$ budget
buy 10 coins of 20$
invest 200$
800$ reserve
10000$ budget
buy 20 to 40 coins of 50$
invest 1000 to 2000$
8000 reserve for Dca/dumps
plz check next post for part 2