Trading philosophy for Noob´s

in #crypto3 years ago

I often get asked about what crypto, stocks, and NFTs I invest in. I will not share this as I do not want to influence people's decision-making, that's not why I'm here. However, I will share part of my trading philosophy today, by sharing 3 of my trading principles.

NEVER trade with emotion:
DO NOT FOMO (Fear of missing out) into coins, stocks, or NFTs that are pumping, there will always be another good project to profit off of.
DIVERSIFICATION:
Crypto & stock hypes come in waves, one moment Layer 1's are really big, then it’s the metaverse, then it’s Defi (in the case of crypto). Try to get a piece of every pie, and take advantage of every hype. NEVER GO ALL IN ON ONE COIN/STOCK/NFT OR ONE SECTOR.
Be prepared, not surprised:
Crypto & NFTs are still very new, and stocks are an unpredictable and irrational market at times. Remember, markets can stay irrational for longer than you can trade rationally. So even though your trading plan may seem perfect and waterproof. Always set yourself up in a way that, should things not go to plan, you are able to adapt.

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Yay more Crypto! So much more than money.
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