don't invest more than 20% of your portfolio in one coin
Where does this 20% figure come from? Out of every number you could have used you settled with 20%? Is this some type of magic number or something?
When Goldman Sachs buys $40 Billion worth of oil do you think they are worried about whether or not they are risking "20%" of their "portfolio"?
Im just trying to understand the thinking behind this special 20% number
ROTFL
I used to think like that but that's when I wasn't as skilled as I am now. I'm not one of the big boys yet, but I am getting there.
The only reason I'm not a 100 btc trader right now is because I missed several boats where I could have tripled up easy.
The ones I did catch, I only put small amounts in the trade so I thought I was getting somewhere but I was just spinning my wheels and going nowhere
you really do have to stop thinking so much about losing, when I did that it started happening for me. Very slowly.
I would make 1 btc here, 2 btc there, another 2 btc, a random 4 btc haul. That wouldn't be possible if i was still trying to play small
i am not an expert like the others, but because I too want to be where they are I can say that small trades will not get you there fast,
I tried that and made losses for nearly 6 months. Now I dont even trade every day but the money I make now is nearly 3 times as much.
Just my 2 cents