DogeCoin Analysis, Price Predictions and update for 2021 including DogeCoin being going to $1, and I’ll also cover my top 5 stocks.
What is Dogecoin?
Dogecoin is a decentralized, peer-to-peer digital currency that enables you to easily send money online. Think of it as “the internet currency.”
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⏱️ — Video Timestamps
00:00 – Intro
02:00 – dogecoin
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MUST KNOW ESSENTIALS BEFORE BUYING ANY STOCK:
1. Is it Dividend or Growth Stock and when do you plan to sell it?
2. P/E ratio, what’s the price to earnings ratio? Calculate by dividing companies market value per share by its earnings per share. High P/E is risky but can be justified if you see high potential for growth. Low P/E in a fast growing company could be a great investment.
3. Volatility (BETA) it tells you about the price risk, if its over 1 then its a high risk stock, less than 1 is safer.
4. CHARTS: Use them for both technical and fundamental analysis. Add stocks to your watchlist and track them. Use chart and research to determine a good buy in price and set alert for that price.
5. Invest 80% of your money into 15 stocks minimum and make sure you have no more than 5% in any stock. If you really believe in an innovative company then 10% is maximum of your total money. Always leave 20% of your money in your portfolio as cash so you can buy stocks when they crash or to offset any market corrections.
6. Set a stop-loss at 5% below purchase price so you never take a big loss.
⚖️ — Legal Disclaimer
** Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
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