I am about to reach a milestone is my trading/investing and am going to reevaluate my trading strategy moving forward.
I want to set myself a goal of increasing my BTC by 10% a week (compounded) and wondering what is the best way to do this
Should I invest in small cap coins, coins with high volume. Invest in one coin a week or to different trades each day.
What would you recommend and is it achievable long term
Hey buddy. That question alone is something that I know for a very long time. If we are talking about joining ponzi schemes like turn your 1 BTC into 5 BTC by earning 10% a week, that would be possible but may not last for a while and a very less chance you can get your full money back (unless you are one of the first investors in line to grab that ponzi opportunity).
However, 10% a week by trading isn’t possible. Crypto trading has no astronomical guaranteed returns. Crypto trading is a skill where you need to go over the charts, study the pattern and monitor your buy/sell order or so. Either way, there’s a risk unless you manage it.
I’ve been there in both situations, but it’s better to learn how to profit in day trading or holding rather than ponzi compounding systems. Just my two sats.