Diversification preserves wealth. Problem is you have no wealth, so what it does is to preserve your poverty. Concentrate your money in high-conviction plays and one day you might be lucky enough to afford diversification.

good point about “calculated risk” just thought about your last post about “high conviction being a double edged sword”. Could have phrased it differently to include this point

With less than 5 or 10k I'd quickly swing trade on low liq / low mcap coins that are shilled, have a big catalyst, or whatever. I'd try to avoid tax coins unless it's a very clear trade. Quick rotations to build a 50k portfolio. Then you can hold for longer