đž Top 5 portfolio management tips
Friends, today I suggest to remember the basic rules for managing your investment portfolio.
These rules should always be remembered.
1ïžâŁ Keep a part of your funds in stablecoins.
Even if the market looks promising, always keep a stake in stablecoins. They will allow you to take advantage of opportunities during corrections and dips with minimal risk.
2ïžâŁ Buy on fear, sell on greed.
Experienced investors use fear in the market to buy, capitalizing on panic.
3ïžâŁ Set your own exit levels.
Determine a plan of action in advance in case the asset falls. Acting without a plan and strategy you become like 99% of people who will lose money on crypto.
4ïžâŁ Don't overload your portfolio with altcoins.
Too much diversification can be a mistake. For example, if you have $1000-$10000 and spread it among 50 random altcoins, it will most likely not bring the expected results.
5ïžâŁ Always lock in profits.
At big market peaks, it is worthwhile to lock in 20-30% of your portfolio in stablecoins. Remember that on a pullback you will be able to buy back the assets you need and thus increase the number of coins.
