So, to be maximally effective in the market, it is necessary to:
- Goal. Defining the goal of investment is the first and most crucial step to start with. Write down specific goals that you want to achieve from investing and be sure to indicate the time frame. Ideally, a growing parabolic curve should be formed: “The more time you invest, the more significant the goal.”Important! Do not indulge in fantasies but set realistic achievable goals.
- Income Source. It is important to ensure a stable flow of USDT (dollars), and depending on the frequency of income replenishment and amounts, formulate a purchasing strategy. At any income level, allocating 10% to investments from each inflow of funds is possible for everyone!It is important to instill discipline in yourself and perform regular actions. At the initial stage, especially with a small capital, this may seem not very effective and a prolonged process. It doesn’t matter the amounts you operate with; what matters is maintaining the percentage ratio in the portfolio, and then you will be effective. Even $10 monthly can turn into $2000 in a bull market.
- Risk Assessment. After setting your goals and finding your source of constant income, it is necessary to determine the risk level you are comfortable working with.Here, it is important to understand that forming a cryptocurrency investment portfolio is impossible without assets such as Bitcoin and Ethereum, which ensure the preservation of your capital over the distance and then provide growth, while other instruments proportionally to the degree of risk ensure increased profitability.
(For independent practical research: Open the weekly chart of Bitcoin, BTC.D (Bitcoin dominance chart), and any altcoin you like. Compare cycles and time intervals of markets to determine capital movement.)
- Buying and Selling. There is a vast number of strategies for buying and selling assets, both in the cryptocurrency and traditional markets. We have chosen a three-order strategy that shows high efficiency in almost all directions.Important! Considering our topic today, our team decided to share a few life hacks that will allow you to buy all the assets you need even with a small capital.