Hello Steemit comunity!
As I wrote in a previous post, I think, this is the first question you have to ask yourself, when you want begin investing in cryptocurrency.

What I want to do with my money?

Buy and hold, and hope, that in future I will be rich?

Or I want trading daily and make money daily ?

If you know answer, you are on the best way to start. If not, I show you defferences between investor and daily trader from my point of view.

Daily trader

If you want be a daily trader, first of all I recommend visit a courses about Forex trading. You will learn a lot and you will understand a lot.
If I should describe day trader:

• working more than 8 hours a day
• need a lot, a lot, a lot of informations
• abot 60 - 70% success in trading, if you are a very good trader
• about 3- 5 % prifot from succes trade

My advise, use the STOP LOSS (SL)! Always adjust SL based on volatility.
Never do more than 3-4 trades a day, always trade only when it's a good opportunity

Investor

long term investment is easier but boring. The long-term investment is based on the creation of a diversified portfolio.
From my point of view, I divide the portfolio into three parts

• main part
  long-term strongest potential currency (Bitcoin, Litecoin, Ethereum, Ripple, Monero)
• perspective part
  currencies that are more recent, but in the long run have perspective, interesting projects that will replace the current market leaders (Siacoin, Iota, e-chat, Salt ...)
• speculative part
  long-term existing currencies that stagnate but have potential (Dogecoin, Bytecoin, ....)

Best of all is combinatet both of them. I have created some portfolio, and also I do some trades per day.

Remember: We are still learning and this will help our development

Previous post Secret of succesfull investment