The crypto market full of opportunities and profits, is becoming stronger and fuller, people get onboarded every single day. Among this people are those that are interested in profits only, they are not ready for the risk involved while some are fully aware and ready to tackle it by taking calculated risks. These are the people that strive to become a better trader everyday, they seek advice from experienced traders and learn from their past trading mistakes.
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 ?
First of all, I am saying that trading and investing are not the same, trading and investing are different things. However, if you are asking for advice about trading, then I will say that while trading, you should not think of the trading platform as easy because the trading platform is not an easy way to earn money. The trading platform is a very risky platform, you cannot be overly greedy, you cannot trade based on emotions and you cannot lose patience. Moreover, when the market drops a lot, you have to buy and when it increases a little, you have to sell.
The best way to invest is to invest for the long term. You should never lose patience while investing and you should not invest when you need it i.e. when you are in dire need. Investing will be successful only when you can hold on for the long term.