After investing in crypto, what do you do next? Do you need to pull out your investment after a month? A year? Do you need to invest more? What steps should you make? I know a lot of you have questions like those. Some new investors are lost and don’t know what to do next after they buy their first investments such as crypto, stocks, and indices. I have some tips that I would like to share with you guys. Hoping that this blog will contribute to your success as an investor someday!
While your investment is growing in your digital wallet, you can continue studying the market. You should be willing to learn. Always remember that knowledge is power. The more you know, the more you can formulate different strategies that you can use to trade and invest. The next time you invest in stocks or other investment portfolios, you will know exactly what to do. If you are not yet confident with your trading or investing plan right now, trust me, after a couple of years of studying and earning, you will know how investors become millionaires. You will know the effective strategies. To have a Bitcoin Wallet click here.
Catch me in my live training events! (quick plug)
The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.
Your investing journey doesn’t stop after your initial deposit. You need to plan your next deposit if you want to grow your money. This means that you will need to regularly top up, depending on the situation of the market or your financial condition. You don’t need to put a huge amount when you are adding to your investment. 1,000-5,000 pesos is enough if your budget can tolerate this. You can also compute your regular top-ups depending on your salary. For example, you may want to deduct 5-10% of your monthly salary and invest it in crypto. To have a Bitcoin Wallet click here.
After investing in crypto, you can now watch your money grow without doing anything. For me, investing in crypto is long-term. You don’t need to monitor it from time to time. Sit back, relax, and continue to learn. Of course, you must do something productive while you watch your money double or triple down. Do good at your full-time job while you invest in crypto. Manage your business well while you invest in crypto. Watch, learn, and be patient. Remember that you can’t be rich overnight. It takes years before you earn millions in your investment.
This is not the best time to be emotional. If you have just invested and you are thinking of pulling out your investment, think twice. Your emotions shouldn’t play a big role in your investment journey. You need to set aside your negative thoughts unless they have a concrete basis. Don’t let your emotions get into you. Follow your trading plan. Don’t panic if you see that you are losing. The market moves up and down. It’s normal to have red days. The market bounces after correction.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.