If you buy a specific asset, you need to know:
1) Is there a market maker?
2) What is the narrative?
3) What is the risk-reward ratio?
4) When is the appropriate time to enter the position?
5) How should you build your position?
6) What percentage of your overall allocation should this asset represent?
7) What is the target price, and how should you sell?
8) If your judgment is incorrect, how do you cut losses?
These are the 8 questions I always consider when buying an asset, and I hope you all develop this habit.
As a seasoned cryptocurrency investor, I, Tu Fei, share my experiences and insights. Interested in the crypto space but unsure where to start? Click on my profile to see the introduction to Zhuye and witness the moment of miracles together.