Setho
VIP Contributor
There are some people who have lost a lot of money into cryptocurrency not because they do not know how to trade or identify any entry triggers but then they did not allocate the right amount to the right place .
1. Diversification . In as much as anything to overexpose your portfolio , it is also not good that you should just stick to one aspect of cryptocurrency as you should invest in many aspects . You might decide to invest 5% into utility tokens especially layer ones, invest in gaming tokens which are becoming popular right now like axie and jewel .
2. Do not risk much . No matter how juicy a particular coin is it should not make you to overexpose your portfolio . When it comes to futures trading I usually try to say that you should not risk more than 5% of your entire portfolio no matter what .
3. Keep stable coins to take opportunity . The market is very volatile and I thought you cannot predict what is going to happen the next . This is why you should have at least 30% of your portfolio in stablecoins so that you can be able to take any opportunity that comes your way.
1. Diversification . In as much as anything to overexpose your portfolio , it is also not good that you should just stick to one aspect of cryptocurrency as you should invest in many aspects . You might decide to invest 5% into utility tokens especially layer ones, invest in gaming tokens which are becoming popular right now like axie and jewel .
2. Do not risk much . No matter how juicy a particular coin is it should not make you to overexpose your portfolio . When it comes to futures trading I usually try to say that you should not risk more than 5% of your entire portfolio no matter what .
3. Keep stable coins to take opportunity . The market is very volatile and I thought you cannot predict what is going to happen the next . This is why you should have at least 30% of your portfolio in stablecoins so that you can be able to take any opportunity that comes your way.
