We’ve had a few alt-coins making a decent run over the last 90 days. We’ve seen;
FTM: 889% SHIB: 616% SOL: 506% AVAX: 473% AR 405%
And the list goes on and on. I’m very happy to see people cheering up for LRC, and all coins alike- but FOMO-ing into a coin that’s already around its ATH is risky. As much as it is your own money, and it’s your own risk, you gotta be a bit level headed, my mans. It’s all fun and games until you take uncalculated risks, unpayable loans to go in neck deep on these coins.
I’d usually go for a ‘Rule of 10.’
Spent 10 weeks to study on a coin. If I missed the train, then I miss it. 10 types of coins in my portfolio in total. Each coin should ideally be 10% of my monthly income. Spend at least 10% of my monthly income for my DCA every month. Hold the coins for at least 10 weeks for short-term exit, and check back after 10 months for medium-term exit.
Gotta take your time on buying things. If you’re late, you’re late. It’s important to wait and see it through before investing in- especially if you’re somewhat risk adverse but still wanna be in crypto.
You don’t have to go for the chase of 300% growth. Chase for those 20%-25% growth consistently.
Personally, I don’t want to be a lucky trader. Everyone can be lucky. I want to be one of those measured, level-headed ones. Something I’ve learnt from some folks in this subreddit over the years.
Overall, good luck on your investments. Happy to see everyone making money, just slightly concerned with the new ones chasing the hype. If all else fails, read my flair.