Portfolio Management is a very important topic but might differ from person to person based on their lifestyle, needs and expenses.
I usually keep 30% of my residual income in savings account (as fixed deposits) and I consider that as liquid cash. 20% I again keep in savings account for any miscellaneous expense like house repair or some random purchase need. Rest 50% I invest.
My investment these days typically include SIPs in mutual funds and I also invest some part in cryto currency each month.
Apart from that, I also invest in life insurance policies which I think is mandatory these days.
according to what you have said, things will be alot different due to different lifestyle, environment and age range.
as a youth you lifestyle and savings will be quite different for old ones
I never think of savings while managing my crypto portfolios because there are too many projects with great potential I want to buy
Eyeing too many potential projects can be dangerous in trading crypto.
This is for my experience I don't feel at ease if I see a new project and what happened to buy so instead I look into the one I have and wait for its time
Having a stop loss is a great tools in portfolio management.
Setting your stop loss and taking profit is very important because crypto would definitely reset after mooning so set your take profit
Yes abut I still do it because any opportunity can come for capital or receive a huge airdrop and immediately buy what I have known instead of just making research
Didn't mean not to get knowledge on other projects but avoiding greediness of wanting to buy all
Differentiating between a long-term and a short-term trade.
If you can't figure out that then you will misbehave while trading
Instead differentiate long-term investment from your short time and put your long term into decentralized wallet and you can stake to help your discipline
