Today I would like to share the strategy with which I created the best performance in my portfolio in less than a month, with low risk.
Despite the low risk, this strategy allowed me to earn profits of 37% in 10% of my portfolio equity, and sleep peacefully knowing that I am not compromising the portfolio.
To increase the profitability in such a powerful but dangerous asset while decreasing the risk I recommend:
1. Making a selection (between 5 to 8) of the top 10 cryptocurrencies, by market cap, that can be traded in eToro
2. Making sure the position is not opened in those super volatility days when the chosen cryptocurrency is up by 10% or 15% with the price at the absolute top. I would try to buy the dip and avoid the “to the moooon…” phase.
3. Analyzing the graphic and confirm that the chosen crypto maintains the uptrend in the monthly and weekly graphic (at least).
4. Investing the same amount in each (I’ve made my smaller investment with no leverage).
5. Let the investment flourish. Don’t open new positions just because is going up or close the existing ones because is going down. The goal is exactly the opposite of that, however, I would set an SL of 25%, just in case.
In my last post about the Crypto Strategy 20 days ago, I said It was not too late to catch the Crypto train and some assets like ETH rose more than 100%. You can see it in this link: etoro.tw/33qRv9H and hopefully feel inspired to make your selection and make some profit.
I’m not a Cryptocurrency specialist, and of course, this is also not rocket science, on the contrary, it is a very simple strategy that works for me and I’m certain it can work for you too!
Feel free to check my selection and the current results in my portfolio. I look forward to hearing your insights about your investments and strategies for this #Cryptospring