If you are starting in the crypto and investments world, you will have heard repeatedly THE IMPORTANT about having an investment plan.
PLAN AND MEASURE
It is difficult even having a plan to always respect it. Relax, the plan will be your roadmap; You will decide if you will comply strictly with it or allow some deviation, but it is necessary to have it to be clear about what actions you will take.
Having an investment plan will also allow you to measure the results of your investment. Otherwise, How will you measure whether you have been successful or not? Have you registered the entry prices to each of the currencies to know if you have really been profitable? The market is bullish in the long term, so it is likely that you have made successful trades, but not because you have done a good analysis. MEASURING is important to improve later and for that you must first PLAN.
You will have also heard psychological issues such as the so-called FOMO, "Fear of missing out." Phenomena like this attempt to violate our plan and also, those who don´t have a plan, make them buy at prices that would not be indicated.
MY CRYPTO INVESTMENT PLAN
My investment plan has different levels where the most basic and where I started the HODL. Starting with daytrading seems tempting because of the returns seen from professional traders, but it is very risky for those without the proper knowledge.
As for HOLD, I do it with a DOLLAR AVERAGE COST strategy monthly, which makes the entry price averaged over time. Even so, I carry out an analysis of when it is convenient to enter the currency, looking for it to be in an upward crossing of a medium-term average.
Example:
DEC: BTC $ 17,000
JAN: BTC $ 35,000
If I average these entry prices (in this case two months) gives me an income of $ 26,000
Regarding the division of the portfolio, I use this system in different crypto, leaving 90% for the main currencies such as ETH and BTC and 10% for other currencies.
This is my plan, as for HOLD. Each one can have their plan with which they feel comfortable and adjust the% of their portfolio at their convenience, what I highlight is the importance of having it.
I hope you tell me your opinions and strategies!
(This post does not mean any investment suggestion)
