Hi Friend, nicely said. If I were investing as a day trader I would follow this but you hit the nail on the head; by, invest what you are willing to lose. I have none to lose at this time so not investing. However I enjoyed the read.

While I can't answer your question you posed in the comments. At this point I HODL with indifference. Took a shot with a cloud based mining company using winnings from a crypto poker site I accumulated through freerolls. And put 1/2 my eggs in one basket knowing full well it is not a sound trading move. But its a tech I believe is inevitable and I think this company has a decent team. Time will tell. I chose to invest some of that money to them in the hopes that over the course of 3-5 years they will a) still be around and b) worth something substantial. Kind of a crap shoot. Took the other 1/2 and put it into a cloud mining app that I hope continues to pay me through the next 3 years as contracted. If so and crypto goes up it should more than compensate for the crapshoot in teh one company I liked. They have poor numbers on coinmarketcap but again I am all a HODL for the long term.

If my situation changes over the next year hopefully I can put the time and effort into trading. And hopefully be successful, but its a stressful life style I suspect.

Good luck to you!