How to invest effectively?

[FreeFerret]

1.Only invest what you can afford to lose.
2.Never invest in something you don’t understand.
You won’t immediately understand everything, that’s ok. Do some research.
3.Don’t day trade unless you spend a minimum of 6 hours a day on the markets.
4.  Be patient and buy it on sale.

All these are spoken truly for sure, question is, do you invest by those rules?

[cryptocrocs]

1.Only invest what you can afford to lose.
2.Never invest in something you don’t understand.
You won’t immediately understand everything, that’s ok. Do some research.
3.Don’t day trade unless you spend a minimum of 6 hours a day on the markets.
4.  Be patient and buy it on sale.

You list is really has some good points,but i would have to disagree with the #3 because you can still trade when you have less 6hrs a day,it is called swing trading or better use scalping technical so you can trade candle by candle giving you a lot of profits if you know what you are doing.This is how i do trades and manages to get a decent 8-12% daily average trade.

[Slugmonkey]

Effectively is making the profit whenever opportunity arises. And to be able to do that you need to keep in touch with crypto news and crypto world. There have been many instances where aware people saved themselves from losses. When India announced its budget and put out the infamous ban bitcoin fud within minutes lot of people sold their holdings and saved themselves from a lot of losses.

[cryptonero]

You should add never get FOMO,hold if you are trapped into some altcoin and never do panic selling because you wont get good results about these selling at loss,you are just literally helping these big players to get what they want that is why we should avoid panic selling last and most importantly never stop learning new things in cryptocurrencies because you should know everything to be a successful investor.

[ozgurk]

you have good point here. Read as much information about project when before investing a coin. don't take a coin with all the money and don't take a single coin.

[MCVXYZ]

You said that ''buy it on sale'' We all agree that trading is unpredictable or very hard predictable job,That's right and we cann't understand when there is sale,Thats a big problem for every trader.
In additional - It all depends on your goals,We just need to set our goals correctly...And the one important moment: Don't have an Do not have an exaggerated assessments/views and don't trust guarantees.I personally always have a plan for a long term trading,thats very simple and therefore tiresome,For example : I'm watching very interesting,cheap and unique coins and I'm trying to buy it when market is comparatively red..So after this what you need is just a patience,but It's not as easy as it seems,it's so hard  to wait(even month) for something  until you get the desired result,just imagine you are waiting price rising which may never happen.

[pk lurah]

According to this, once you invest and the price drops in a large percentage do not panic and sell immediately. Or if you have a lot of extra money that you can use, then things get better.So be patient and wait for the investment to get back to the price.

[GFE]

1.Only invest what you can afford to lose.
2.Never invest in something you don’t understand.
You won’t immediately understand everything, that’s ok. Do some research.
3.Don’t day trade unless you spend a minimum of 6 hours a day on the markets.
4.  Be patient and buy it on sale.

It is rather good advise. Also it is better to invest in stable coins mostly. The main part of portfolio should be with top-20 altcoins. By this way you will have stable portfolio

[icocheckr]

great advice! Thank you

[Trader44]

I do not believe in people, especially investors who have not lost money. Any loss gives experience and deeper understanding. On mistakes learn, cryptocurrency no exception.

[lamfod]

Search for the best projects to invest correctly and safely, and with a high probability to make a profit

[Masik2018]

You need to share your assets and check out several trading strategies. Someone prefers to buy basic coins and just hold them, someone works with unpopular. It's purely personal.

[lisa_john]

Howard Marks describes two ways to profit from markets: (1) Hold more of the things that rise and less of the things that fall, and (2) cycle adjustment, or trying to have more risk exposure when markets rise and less when they fall.

[regexlove]

It is necessary to invest only those money that is not afraid to lose, it is also necessary to diversify your deposit in 2-3 altcoins.

[HaekalZ]

1.Only invest what you can afford to lose.
2.Never invest in something you don’t understand.
You won’t immediately understand everything, that’s ok. Do some research.
3.Don’t day trade unless you spend a minimum of 6 hours a day on the markets.
4.  Be patient and buy it on sale.

Those 4 steps are good suggestion for a newbie before they want to become a trader, but for me, if you want to do trading effectively, take a risk, do not panic whatever happens in the market, even you should buy more when the price is bleeding

[Iyhen]

These are really helpful, but we should consider being calm because panicking make everything worse. The market is always not stable that causes the investors to panic and deciding without thinking. Do some research and understand how the market is suppose to work.

[Crypto-capitalist]

you have good point here. Read as much information about project when before investing a coin. don't take a coin with all the money and don't take a single coin.

Agree with you!
I also prefer long term investment and before invest I usual spend a lot of time for the investigation of market and product.

[hotBriX001]

discussion is the most important thing to find a good option to invest. remain patient, do research and focus work to get maximum results. never sad what has happened now.

In other way make an investment always when you get enough profit from it. Don't be panic of what is happened in the market. Be patient and take more time when you decide to invest in order to become a successful investors.

[thecoder2017]

Well investing is a risk especially when you're new to it so  before investing be sure to check the project you want to invest with and invest only what you think you can afford to lose because investing is like a game you win you lose.

[boynamnhi]

Effective investing is what everyone expects. First of all, I must have a passion for the new market, to get rich, to accept risks. Followers must be knowledgeable about this market; Accumulate experience by learning from your predecessors, experts, and experiences; Regularly update and research the market, have a keen eye on issues to make quick, timely and decisive