In the last session, I shared how I will invest my $100 in spot trading. I invested $50 in Bitcoin and $20 in Ethereum or another top utility altcoin.
After that, I had $30 left, out of which I invested $10 more in the best utility coins. Now, $20 are left, so I will invest $10.
But this time, I will choose risky coins. Risky coins are newly launched tokens that make big claims, create a lot of hype, it can be meme coins or personality coins.
However, before buying these, we will still complete our research. We will not rush at all. We will check the activity of these coins on social media and see if any big name is following them.
After doing all the research steps we discussed in the last session, we will enter only when the market is in fear. Our buying strategy here will also be the same—meaning we will use DCA (Dollar Cost Averaging) and put a small amount of our portfolio into 3 to 4 such shit coins.
Most investments in risky coins have the risk of going to zero, so I will keep this risk in mind and be ready for losses. But the thrilling part is that such coins have the potential to grow your investment up to 10 times overnight during the hype. Anyway, we need to keep our psychology mature in this market. Keeping greed in mind increases the risk of loss.
Thus, we have invested $90 out of our $100 in spot trading, and now we have $10 left. We will discuss what I will do with this remaining $10 in the next session!
This is not financial advice; it is just my crypto journey that I am sharing. You should invest in anything only after doing your own research!