Technology
Finance
Cryptocurrency
Investing
Technical Analysis
Risk Management
Investment Strategies
Rules that, when I break them, consistently wreck me (1/๐งต):
1. Don't invest in farm tokens.
This includes tokens whose main purpose is rewards. The higher the emissions, the faster the fall. I like to aggregate my yields, but I know that's an additional smart contract risk.
1. Don't invest in farm tokens.
This includes tokens whose main purpose is rewards. The higher the emissions, the faster the fall. I like to aggregate my yields, but I know that's an additional smart contract risk.
2. Have an exit plan.
Risk management includes knowing how and when to take out initials and cut losses. Have rules, even if they're as basic as "when I start to get exited, it's time to pull out initials." Greed is the portfolio killer.
Risk management includes knowing how and when to take out initials and cut losses. Have rules, even if they're as basic as "when I start to get exited, it's time to pull out initials." Greed is the portfolio killer.
3. Learn 2-3 basic tried and trusted indicators and use them.
8EMA21, MACD, RSI, Fib Retracement, Trendlines, whatever they are, learn them and use them consistently before moving money around.
Be careful with triangle bois and fractal bros.
Learn from trusted sources.
8EMA21, MACD, RSI, Fib Retracement, Trendlines, whatever they are, learn them and use them consistently before moving money around.
Be careful with triangle bois and fractal bros.
Learn from trusted sources.
4. Don't ape.
If things look "too goo to be true" by the time you're investing, then you're close to being early investors' exit liquidity.
While larger initials yield greater returns, the psychological impact of apeing (heightened worry & greed) aren't ingredients for success.
If things look "too goo to be true" by the time you're investing, then you're close to being early investors' exit liquidity.
While larger initials yield greater returns, the psychological impact of apeing (heightened worry & greed) aren't ingredients for success.
5. Don't invest on old alpha.
If you find a YouTube video about a great DeFi investment and that video is is more than a month old, consider it past its expiration date and look for more recent media.
If you find a YouTube video about a great DeFi investment and that video is is more than a month old, consider it past its expiration date and look for more recent media.
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