đ¸ 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.
1ď¸âŁ 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.
2ď¸âŁ Buy on fear, sell on greed.
Experienced investors use fear in the market to buy, capitalizing on panic.
3ď¸âŁ 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.
4ď¸âŁ 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.
5ď¸âŁ 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.
