Quote from: Dr.Bitcoin_Strange on January 02, 2025, 11:07:00 AM

Quote from: SiliconHat on December 31, 2024, 08:10:42 PM

Investment planning is another advice they seek, they would want to make wise investments decisions, how they should diversify their investments, how much they should allocate to each portfolio. As an experienced crypto trader, what advice would you give them? What is the best way to go about investments ?

The only way of making consistent profit from the crypto market and minimizing lose is to have a solid knowledge about the market and knowing the risk that is involved and how to manage the risk and reduce your rate of losses. The market is very volatile and dynamic and no matter the strategies a trader is using, there will always be losses but the ability to understand minimize those losses is what can make the trader successful on the long run.

I think knowing how the market works is only basic or only requires less knowledge. I mean because the concept is only buy low and sell high. This is made possible because of the ups and downs in the price. The only hard part is control and then our emotions.

There is a risk (different volumes). If the risk is high, chances is we won't deal with it. It is also the asset is the one that we manage and not really the risk. Yeah, there are losses apart from the winnings but other than minimizing the losses, it is also better if we can learn from it and try to completely avoid some mistakes, to avoid a whole loss on some of our trading sessions.