Hi guys, m back again. As you all know, this is my second cycle. In my first cycle, I didn't have much to invest, but this time I have $3,000 spread across 20 different coins. I invested $250 in some of them, but not all.
Yesterday, one of my investments gave me a profit, which I'd invested around $250 in. It grew to $500, so I took a $250 profit and invested it in Turbo.
I have a few questions:
1. Is it okay to rotate my profit into another coin, or should I invest it in a stable coin or leave it in USDC?
2. Do you think investing in 20 coins is too much? Should I reduce my portfolio?
Heard people saying whenever you take profit from any investment, dont rotate it to another. I’m honestly scared, i dont want to miss out. I want to make it this bull run too like you guys.
I'd love to hear your opinions on this. Thank you!
You can rotate your profit to invest in other projects if they really worth it. The mistake many traders are making is that they are putting money on projects that don't really worth it. Because you rotate your profit to the next coin does not guarantee a bigger profits compared to what you have earned from other projects. Crypto trading is not that easy and it's important we put money on projects that will make us profitable in a long time. Greed is also one of the reason why you could lose your money on other coins and because you are looking to make fast profits without thinking about your safety as a trader and what will benefit you in a long run.