Beginner Series
How to Manage Your Investments: Crypto Portfolio Tracker, Auto Trades and More
Are you successfully managing a crypto portfolio? It can be easier than you think. With the right tools, you can make sure you’re invested in the right coin at the right time, making more gains and growing your portfolio.
7 tools to help you manage your crypto investments
1. Monitor your investments with a crypto portfolio tracker
A crypto portfolio tracker gives you an overview of all your investments in one place. You can see how much your portfolio has grown since your first investment and where those gains came from. For Australian investors and traders, make sure your portfolio tracker is in Australian dollars, so it’s easier to compare to your other investments.
The right portfolio gives you a:
- Quick overview of your current portfolio
- The performance of your investments over time
- Valuation in Australian dollars
2. Automate your portfolio management with auto trades and recurring buys
Auto trades let you buy and sell cryptocurrencies without having to be on your computer. In fact, you could make auto trades in your sleep. All you need to do is set the amount you want to buy or sell and set a trigger price. When the market hits your trigger price, the trade will automatically execute. Auto trades put you in control and limit your risks, without you having to watch the market 24/7.
Automated trades help you:
- Never miss a trading opportunity
- Trade smart, without emotion
- Protect your investments while maximising gains
3. Monitor the market 24/7 with price alerts and never miss a money-making opportunity
Price alerts are notifications that you can get sent straight to your phone when a cryptocurrency sets a certain price. For example, you could set a price alert to notify you when a cryptocurrency broke certain support or resistance levels. Things can move fast in the crypto space and price alerts help keep you ahead of the crowd.
Price alerts let you:
- Monitor the market 24/7
- React instantly
- Gain an edge
4. Select the right crypto investment strategy for your risk profile
Selecting the right crypto investment strategy is a key part of managing your portfolio. Having a well-thought-out strategy can make managing your investments far easier, as you know exactly what to do in different market situations. For example, a technical analyst may buy when a cryptocurrency breaks resistance levels following a falling wedge pattern, while a value investor may take that opportunity to lock in some profits.
Some of the most popular crypto investment strategies include:
5. Check the technical indicators with advanced trading charts
With advanced trading charts, you can clearly identify resistance and support levels, so you can find the best entries and exits for your trade and make more gains. With all of the most important technical indicators at your fingers, you can make sure you have an insight into where the market is heading and never get caught off guard again.
With advanced trading charts, you can monitor:
6. Find hidden gems with the top portfolios from real traders
A key part of managing a portfolio is finding the best new investments and making sure you’ve allocated to the best opportunities. Top portfolios are the actual portfolios of the top traders on the Cointree platform. You can see the exact coins they're holding and how much they’ve allocated to each coin. Not only can they help you find hidden gems, they can give you a benchmark to compare your own portfolio too.
Top portfolios give you the opportunity to:
- Learn from the best
- Save time researching coins
- Make gains like an experienced trader
7. Subscribe to crypto newsletters to stay up to date with the market
There are many things that can affect the crypto markets in major ways and crypto newsletters are the best way to stay up to date with everything that’s going on. Not to mention, there are now hundreds of popular crypto assets and you need an easy way to keep up to date with major events. Every Cointree member gets access to our weekly market updates.
Our weekly market updates give you:
- The latest crypto news
- Project highlights
- 24h price changes in AUD
Leverage all of these tools straight from your Cointree account
You can access all seven of these trading tools when you trade with Cointree. It’s easy to get started, simply create an account, verify your identity, deposit funds, and you're ready to trade. If you already have an account, sign in and access these tools straight from your personalised dashboard.
