- Risk Management
Stop-loss orders: For short-term and swing trades, I would set clear stop-loss levels (e.g., 10-20% below my entry point) to minimize losses.
Take profit levels: For the more speculative investments, setting specific profit targets (e.g., taking 50% off the table if a coin doubles in price) ensures that gains are locked in during big market rallies.
Portfolio rebalancing: Every few months, I would review my holdings to rebalance back to the original strategy. For example, if one altcoin surges and becomes a larger portion of the portfolio, I might sell some to reinvest in BTC or ETH to maintain balance.