Achieving a goal
Achieving a goal
Hey folks,
Basically, I have around 25$k to invest, and I really want to hit least 200K$ by the end of this year.
Could you please give me some tips and advises?
Also, It is an amount that I honestly don’t want to lose since it counts significantly to my capital.
Background story, I have quite the portfolio that would count around 150k$ at current prices, some I sold early and some went greedy and lost.
I did learn a though lesson about patience tho.
Also, psychologically I am done with trading since the lost, I was great at it but one drunk night got me bad lol.
Don’t drink and trade folks.
Not really sure what to recommend to you here besides the typical investment advice:
1. Pick your investments. Take your time, and don’t just buy something a YouTuber recommended.
2. Control risk. It’s fun to buy memecoins and hope for a pump and dump, but only place very small allocations to them, or maybe not at all.
3. Patience.
Also, take note that you pretty much want a 4x in a single year here. That multiplier is definitely possible, but you’re going to need to turn your risk profile up a notch here. So while you can hit 4x, you can just as easily cut your portfolio value into 1/4th or lower.