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Do FUD & FOMO Have You In A Bind – BTFD!

It’s been stated that 90% of investors lose money. What can be done to increase your gains & at the same time mitigate risks? By the F’n dip.

Let’s take crypto investing for an example.

Say you want to get started investing in the cry to space, but you only have $250.00 dollars to invest you can break down your investments as follows:

$250/mo in crypto:

Breakdown:
Cash 20% = $50.00
BTC 50% = $125.00
LTC. 20% = $50.00
EOS. 10% = $25.00

Pie chart of Crypto account.

Say the one or more of the cryptos go down in value, what do you do – you buy the F#@k’n dip!

BTC drops 10% or more – you buy $50.00


or
LTC drops 10% or more – you buy $50.00


If both have a pull back

BTC drops – buy $25.00
LTC drops – buy $25.00

Or positions have a pullback:

BTC drops – buy $25.00
LTC drops – buy $15.00 EOS drops – buy $10.00

I typically buy only one of the dips or wait for the asset to reach it’s support level, but how you buy the dip is up to you.

In the crypto market volatility is just a part of the game & it’s possible to see swings of 10 to 20 percent. By using dollar cost averaging combined with BTFD can help to avoid the loses\missed gains associated with FUD & FOMO, respectively.

Whether your investing in the stock market of in crypto currency, A great book if you are looking to get started in investing is the Intelligent Investor.

The Intelligent Investor:

Whether your investing in the stock market of in crypto currency, A great book if you are looking to get started in investing is the Intelligent Investor.

Disclaimer

All content on this website, is for info-tainment purposes only. This information should not be considered complete, up to date, & is not intended to be used in place of professional, consultation, or advice of a financial advisor.

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