#quinn_tips #BeginnerTrader Many beginners on Binance Square seem unsure of how to start and end up following others’ strategies and signals blindly, often losing their capital within a month. This guide is here to help you avoid those pitfalls with a balanced, step-by-step approach to setting up a portfolio that works for both learning and long-term growth.
1) Set Up a Long-Term Portfolio
Allocate 20-50% of Your Funds: Use this portion of your funds for gradual, long-term investments in the most reputable cryptocurrencies. Pick a few from the top-10 list by market cap in any proportion you like. Personally, I use Binance’s Auto-Invest feature to invest in a top-10 index. Avoid buying a large amount at once—instead, set a schedule to invest a small amount weekly, daily, or twice a week, around 1% of your funds, which is a great way to implement Dollar-Cost Averaging (DCA).
Tip: Avoid selling your accumulated long-term assets. These should remain untouched, aiming for steady growth over time.
2) Build a Mid-Term Portfolio
Pick a Selection of Altcoins: For a mid-term strategy, choose a few altcoins or tokens to start investing in manually. Use about 1-2% of your funds per trade, and keep researching the market to expand your portfolio gradually. Aim for a maximum of 10-30 altcoins to stay diversified but manageable. ‼️No matter how promising a single altcoin may seem, never use a large amount of money on just one asset—whether you have insights, signs from the stars, or scientific proof, just don’t do it.‼️
Tip: Plan to hold your mid-term assets until the peak of the next bull run. Don’t rush to sell once you see few red bars in a row. However, ⚠️ be prepared to sell any poorly performing altcoins mid-way, even if it means taking a loss.
3) Keep a Reserve for Learning and Experimenting
Start with Small Trades on Spot: Keep some of your funds in reserve to experiment and learn with active trading. Avoid leverage trading (futures, options, margin) for at least a month—ideally three months—as it carries higher risk. Start by trading just one pair, such as SOL/USDT, on spot. Focusing on a single pair helps you become familiar with how it behaves, the specific patterns it tends to form, and the strategies that work best with it. Aim to buy low and sell high.
Gradual Increase in Trade Amounts: For the first month, keep trades to the smallest amount possible, around $5-6, to get comfortable without much risk. If you feel confident after a month, you can increase trade amounts to $15-20 in the second month, and up to $50 in the third month as you become familiar with the pair’s behavior and effective strategies.
Conclusion
Disclaimer: Any type of investment carries risk, so approach your portfolio with caution and responsibility.
‼️⚠️‼️ Important: Don’t use all of your money for crypto. Don’t even use 1/2 or 1/4 of your money. Definitely, don’t sell your house to buy crypto. Start with the amount you are happy to lose. Don’t add more money than you allocated during first 3 months no matter what.
Personally, I allocate my funds roughly one-third each into long-term investments, mid-term altcoins, and a reserve for active trading.
This guide is far from complete; my aim was to keep it short and practical for beginners. If you’re interested, I’m happy to follow up on particular details, the mechanics, and the reasoning behind this approach.
This strategy is most effective with a minimum fund of $500. The reason is straightforward: the minimum trade size on spot is approximately $5, which constitutes 1% of $500.
Even if you want to put large amounts into crypto. Don’t do this right away. Use those $500-1000 and under any circumstances don’t deposit more during first 3 months or until you feel comfortable in navigating crypto market. If you feel urge to add more immediately because of any reason, it is classic FOMO. Market will be here tomorrow, it will be here in 3 months. Today bitcoin is 70k in a month it can be 120k in 3 month it can be 70k again. Believe me, you wont miss anything. Opportunities will always be there.
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