I'm new to investing in Bitcoin. How do I start?
To start investing in Bitcoin, begin by researching the basics of cryptocurrency and understanding how it works. Choose a reputable crypto exchange platform where you can buy and store your Bitcoin. Set realistic investment goals based on your financial situation and risk tolerance. Once you have a basic understanding, you can start by investing a small amount of money.
The key is to take it step-by-step and continuously educate yourself about the market trends and opportunities in the world of cryptocurrencies.
Account $10,000, risk 1% → $100 risk per trade. Entry $50, stop $48 → $2 risk/share → 50 shares. Target $54 (2R). If stopped, −$100; if target hits, +$200 (before costs).
Use an amount you can afford to lose while learning a repeatable process.
Decide a fixed risk % per trade, then divide by the price distance to your stop.
Match your timeframe: DAIly/weekly for swing; weekly/monthly for long-term.
Thesis, entry/exit, risk (R), emotions, result, next improvement.