Firstly, I am not a day trader, professional trader nor am I in anyway trained or educated to be your broker. However, I have been around for both bitcoin block halvings and I have been through the first waves of cryptos (feather, peer, lite etc), the evolution of exchanges (mtgox, cryptorush, cryptsy, moolah, etc), the 2nd wave of cryptos (monero, dark, dash, etc), the evolution of the asset types (shares, digital fiat, digital gold bonds etc), evolution of the ICOs and everything else in between that has happened in this crazy world of blockchain tech.
The one thing I have learned over the years and I often try to follow it when exploring new innovations, such as SteemIt, is to always ensure that whenever I invest in a technology I aim to get a return on my investment when it doubles. I do this to always get a my initial money and then I ride the rest of the profits until thy kingdom come. I have made thousands following this strategy and while it may a slow one with seemingly boring days, it pays off in the long run.
Q: What is my crappy advice for you, young trader?
A: Never get emotional in your trades, never get too greedy, don't try to call the bottom (or top) and be very smart with how you select your next investment AND ALWAYS TAKE A RETURN ON YOUR INVESTMENT.
I've been wondering about what is a good investing strategy, and you seem to have found one. I'll just add a link to this article from my article about how to balance my portfolio, in case someone still sees it.
How does your strategy work in a bear market? Do you take your losses at some point, or enjoy the ride to the bottom?
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I upvoted you.
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