My time with trading up unto this point as been a basket of random picks – luckily in a bull market. In any market except the current one, I feel I would be rekt instantly.
I owe it to myself (someone who is involved with cryptoecon) to practice trading at least a bit. I have bags that I will HODL no matter what. I don't plan to touch my bags until way down the line, as I consider them early investments. Until that day, I've dedicated a small portion of my bags to practice trading.
I'd like to look at trading as a game, as well as a huge learning opportunity. Even if I lose my bitcoin, I will gain knowledge that can positively reflect in the future.
I don't know if I will ever be what one would consider a high-powered trader. I like making specific and careful movements. Ones I am confident of.
My first step to setting up a portfolio is solid diversity. None of my actions now are concerned with short term profit, but long term stability and growth. This way I can maintain a healthy portfolio and be prepared to make calls when the time comes.
I'm not great at charting, and I am not hyper-focused on the news. However, I do have a strong understanding of the various technologies. This allows me to trade with a healthy balance of chart reading, feeling out the market, and long-term speculation based upon individual coin merit.
Wish me luck, and come back soon to read my progress.
