Hello,
Three investments habits ( healthy investments)
1. Never spend your entire cash or budget to buy something
You want to buy an asset? Set your buy order:
10% lower than spot - 10% of budget
20% lower than spot - 20% of budget
30% lower than spot - 50% of budget
35% lower than spot - 20% (remaining budget)
2. Never sell your entire position
If you really want to take profit - go ahead, but play smart, what happens if the price will increase much more and you sold everything?-
Let consider you bought and asset( BTC / ETH ), here should be your plan
Note: price increase from your DCA level
10% price increase - sell 10%
20% price increase - sell 15%
30% price increase - Sell 25%
40% price increase - Sell 25%
Using this plan already recovered your initial investment + a little profit (3%)
You still hold 25% remaining of the asset, now, it is like you bought it for free
everything you sell (even if price decrease) will be pure profit
3. Never Fomo, be patient
Never buy in hype
Never sell in fear
Usually, you should play against market
Everybody buy? Be the seller
Everybody sell? Be the buyer
Do not apply this logic during Black Swan events
Happy profits!