Topic: Is there any golden rules you follow in regards to investments? (Read 1274 times)
The golden rule i follow while investing is to know your project,learn about the development team and understand what their plans and vision's are and if you have any doubt regarding their plans just ask them and if they are able to clarify without any hurdle then it is well and good because they have to respond to every investor before setting out to attract others that is the important factors we have to check before investing your money.
Are there some rules like this you should set up as to prevent getting burned?
Never invest more than what you can afford to lose.
First and this is the most important rule invest the monet which you can afford to lose or keep a mentality that you are going to lose the money and don't think the amount of profit you will get , if you follow this it won't hurt you when you lose all.
Second do a background check of what you are investing in
Second do a background check of what you are investing in
Yes I have to follow the instruction of my manager so that I will not be fired.Investing bitcoin is like a job having a superior and officer have rules to follow.That if you cannot follow the instructions you will be fired out.In investment to meet the success you have also instructions to follow so that you will not be bankrupt.
I try to follow "never sell at a loss" technique
Exactly. Especially if the Altcoin has good potentials. My only lose so far in my Trading journey is Ethereum. I panicked when it started going against me and made some loses. One of the reasons for the panic was because I never actually wanted to trade beyond a day.
Problem now is some coins could stay more than a month before going up again
Have been thinking about this for a bit. Are there any golden rules you follow as to not get speed blindness in regards to your investments into crypto? I have not read much about investing, but I imagine there are some "golden rules" out there in the space. With crypto it is a bit different though since it is so extremely more volatile than other markets.
But for example, if you own 10 different coins and one of them shoots up to the moon and is now worth 80% of your total investments, should you rebalance that coin as soon as possible to even things out again? Even if you believe in the coin and that it has potential to rise even further? Are there some rules like this you should set up as to prevent getting burned?
Theres no golden rule but only basic rule on the world of trading crypto since we dont know on where do prices go on a particular coin which makes this thing so hard.Just remember the basics of trading selling high and buying low.This might be easy to say but this is how we do make trading and later on we should really be knowledgeable on a certain coin if it has a potential or not because buying the wrongg coin would really give you negative or loss of money.But for example, if you own 10 different coins and one of them shoots up to the moon and is now worth 80% of your total investments, should you rebalance that coin as soon as possible to even things out again? Even if you believe in the coin and that it has potential to rise even further? Are there some rules like this you should set up as to prevent getting burned?
There are many investments principles I do follow all the times. The first one is diversifying and second one is stay away is mush better than risking. With respect to lots of different altcoin investment opportunities, we must need to be very selective to choose right coins. Instead of choosing a wrong one, just ignoring might be a better options many times.
Actually there are too many terms but thou must take it simply. For simple rules, just don't put all of your investment in one investment program/altcoin/currency at a time since it couls cause to lose without recovery. Unlike in investing with multiple investment, you can eliminate risk and you could still make profit from you other investment if on of your investment gets deficit.
We can also add here investing with some fiats right?
Actually there are too many terms but thou must take it simply. For simple rules, just don't put all of your investment in one investment program/altcoin/currency at a time since it couls cause to lose without recovery. Unlike in investing with multiple investment, you can eliminate risk and you could still make profit from you other investment if on of your investment gets deficit.
How long exactly do we need to wait before we sell a coin in investing? Since we dont know if its going down next week and suddelnly will up next month. Maybe this question can help, maybe not 
Have been thinking about this for a bit. Are there any golden rules you follow as to not get speed blindness in regards to your investments into crypto? I have not read much about investing, but I imagine there are some "golden rules" out there in the space. With crypto it is a bit different though since it is so extremely more volatile than other markets.
But for example, if you own 10 different coins and one of them shoots up to the moon and is now worth 80% of your total investments, should you rebalance that coin as soon as possible to even things out again? Even if you believe in the coin and that it has potential to rise even further? Are there some rules like this you should set up as to prevent getting burned?
Theres no golden rule but only basic rule on the world of trading crypto since we dont know on where do prices go on a particular coin which makes this thing so hard.Just remember the basics of trading selling high and buying low.This might be easy to say but this is how we do make trading and later on we should really be knowledgeable on a certain coin if it has a potential or not because buying the wrongg coin would really give you negative or loss of money. But for example, if you own 10 different coins and one of them shoots up to the moon and is now worth 80% of your total investments, should you rebalance that coin as soon as possible to even things out again? Even if you believe in the coin and that it has potential to rise even further? Are there some rules like this you should set up as to prevent getting burned?
I mentioned earlier today that I would send a link to the post I wrote about this. Here it is:
8 Rules I follow when making trades: http://demoinvestor.com/articles/00000003
None of those is a "Golden Rule" like you were asking about, but I think they serve as nice guidelines, or at least they work for me anyway.
8 Rules I follow when making trades: http://demoinvestor.com/articles/00000003
None of those is a "Golden Rule" like you were asking about, but I think they serve as nice guidelines, or at least they work for me anyway.
Have been thinking about this for a bit. Are there any golden rules you follow as to not get speed blindness in regards to your investments into crypto? I have not read much about investing, but I imagine there are some "golden rules" out there in the space. With crypto it is a bit different though since it is so extremely more volatile than other markets.
But for example, if you own 10 different coins and one of them shoots up to the moon and is now worth 80% of your total investments, should you rebalance that coin as soon as possible to even things out again? Even if you believe in the coin and that it has potential to rise even further? Are there some rules like this you should set up as to prevent getting burned?
If you will try to see them you will find that everything needed golden rules to handle because you can't handle anything with the stupid and blind mind .But for example, if you own 10 different coins and one of them shoots up to the moon and is now worth 80% of your total investments, should you rebalance that coin as soon as possible to even things out again? Even if you believe in the coin and that it has potential to rise even further? Are there some rules like this you should set up as to prevent getting burned?
So before to do anything you need to make better study and understanding that how is is working and how we can improve that things with our own understanding .
So just get knowledge about it . Here I would like to explain my own main main rules for the trading .
1) Buy those altcoins which have good better technology .
2) buy those altcoins which are down in the price .
3) After the rise in the price don't buy the coin and even after get small down , don't buy them .
4) Always buy those altcoins which are active by the developer team time.to time , I mean active coin .
5) New launching anything about a particular coin .
6) Never sell.your coin without profit , hold it until you get profit .
And also I am 100% successful with such coins .
I try to follow "never sell at a loss" technique
I am also following this technique as it would be non-sense to cut some losses when we can wait for the time when the coin can be pumping...of course if the amount of coin is insignificant then it is a different idea.
The thing here is just be patient and wait...I am sure it would not take months before the coin can be back on track and we can be on profit. In the first place, we have to do our diligence so we can't be trapped.
Be happy with your profit.
When I invest at a coin, there are two golden rules I follow. First golden rule is to not sell at a loss whenever possible unless things are not looking good for that particular coin. The second rule I follow is sell a coin in a profit as fast as possible unless I know it still got potential in it. I do it so that I can get secured profit already when I don't trust a coin to prevent losses.
I try to follow "never sell at a loss" technique
This is a very bad technique that might cost you a lot of money in the future. Instead you should always have a trading method (whether it's fundamental, technical analysis, or whatnot) and keep an eye on the trend. If you're trading based on your feelings you'll lose anyway at some point. I don't even agree with saying that you don't lose (or win) as long as you don't sell: if you don't have a clear trading method you can just consider any investment made a loss, from the moment you click to change your base currency or token into something else that you don't know how to trade, and then observe how it goes, which means that you're losing anyway, until you're (maybe) winning. 
I got a golden rules for my investment, I always set a target when I invested in a coin
I split my investment into two, one is for long term and one is for short term, for long term I tend to just buy it and save it and forget it, but for short term I always supervised it, I set the limit for a certain time and when it failed I will see any chance of rising or not, if not then I will sell it, if yes I will give a second chance, if the second chance failed then I will sell it and the most important rules is never do panic sale
I split my investment into two, one is for long term and one is for short term, for long term I tend to just buy it and save it and forget it, but for short term I always supervised it, I set the limit for a certain time and when it failed I will see any chance of rising or not, if not then I will sell it, if yes I will give a second chance, if the second chance failed then I will sell it and the most important rules is never do panic sale
I try to follow the principles of sir warren buffet, he says there are two rules of trading.
1) Never lose your capital.
2) Never forget to rule no one.
I realised that when I try to focus on these two rules, I automatically build good strategies with balanced risk profiles and thus at the end I get some average/good amount but I rarely find myself in the loss.
1) Never lose your capital.
2) Never forget to rule no one.
I realised that when I try to focus on these two rules, I automatically build good strategies with balanced risk profiles and thus at the end I get some average/good amount but I rarely find myself in the loss.
Also in regards to cryptoheadds post with"use stop losses", what exactly is stop losses?
It's basically an order that you place on a lower rate than you purchase the coin at to minimize your loss. It "stops" your loss after a particular rate that you choose when placing a stop-loss order.
For example: If you buy 1 BTC at $2000 and don't want to bear a loss of more than $200 on your purchase, you can put a stop-loss order at $1800. So, if the price drops down to $1800 or below, your coins will automatically be sold so as to minimize your loss.
I try to follow "never sell at a loss" technique
Good technique " never sell at a loss" in addition never buy at a retail price and sell at a retail price. If I want to invest in crypto currencies or any coins, I study the coins to find out if that coins is at the discounted price. If the coins is at a discounted price I buy and sell at a retail or distribution price. Jump to: