Dami Winner

Você já ouviu o clichê:

“O primeiro dólar que você ganha online é um momento de mudança de vida.”

E eu nunca acreditei nisso porque sempre pensei: “E daí? É apenas um dólar.”

Isso foi até que eu realmente consegui.

E a parte maluca é que eu nem planejei isso. Acho que é isso que o torna muito melhor.

Vamos começar. . .

Para quem não me conhece, sou um grande leitor.

E cada vez que leio um livro, sempre faço anotações na forma de um esboço ao lado dele.

No artigo de hoje iremos explorar o day trading, o que é e o que saber antes de tentar.

O que é day trading

Como o próprio nome sugere, é uma forma de negociação que apenas abre e depois fecha todas as suas posições por um dia. Por exemplo, ele abrirá e fechará muitas posições durante o dia e quando o mercado fechar ou quando o dia terminar, o trader liquidará toda a sua posição. Ele ou ela faz isso para não ser muito influenciado por fatores externos durante a noite se negociar criptografia, que é um mercado aberto o tempo todo, em vez do mercado de ações.

Eu estava trabalhando em um armazém quebrando minhas costas antes de descobrir um segredo que mudou minha vida. Existem milhares de dólares para ganhar online. A única coisa que impede a maioria das pessoas é o conhecimento sobre como aproveitar as oportunidades que estão diante delas. A maioria das pessoas guarda as informações, mas encontrei tudo o que precisava para começar em “Influence: The Psychology of Persuasion”, de Robert Cialdini.

“Influência: A Psicologia da Persuasão” explora os princípios e técnicas por trás da persuasão e influência eficazes. Escrito pelo psicólogo Robert Cialdini, este livro investiga os fatores psicológicos que orientam o comportamento humano, permitindo aos leitores compreender como podem persuadir os outros de forma ética e eficaz.

Não caia nesses dez fatos financeiros enganosos

Em 2002, Elon Musk, um homem que mais tarde seria considerado uma das figuras mais influentes do século XXI, estava à beira do colapso financeiro.

Sua ambiciosa empresa, a SpaceX, acabara de ver seu terceiro fracasso consecutivo no lançamento de foguetes, fazendo com que milhões de dólares virassem fumaça.

Enfrentando a falência, Musk teve uma escolha: jogar pelo seguro ou arriscar tudo em um lançamento final. Ele escolheu o último.

Hoje, a sua aposta valeu a pena, com a SpaceX na vanguarda da nova corrida espacial e o próprio Musk sendo uma das pessoas mais ricas do mundo.

Esqueça a academia; coloque esses dedos em forma e observe o dinheiro se acumular.

Você é um mestre no teclado, um mago das palavras e uma máquina de escrever movida a cafeína? Bem, meu amigo, é hora de colocar suas habilidades de digitação em prática e ganhar muito dinheiro.

Observação: antes de começar a ler o restante do artigo, há empregos para você onde você pode ganhar US$ 280 por dia postando comentários no YouTube, US$ 20 por hora ouvindo Spotify, US$ 32 por hora enviando mensagens diretas e outros recursos. Você pode obter esses empregos e recursos aqui. Agora, vamos ao resto do artigo!

“Um investimento em conhecimento rende os melhores juros.” - Benjamim Franklin

Quando se trata de investir, nada valerá mais a pena do que educar-se. Faça as pesquisas e análises necessárias antes de tomar qualquer decisão de investimento.

Foto de Nicholas Cappello no Unsplash

Poupança: Economizar dinheiro é aquilo que colocamos de lado gradualmente, normalmente em uma conta bancária/ou em qualquer empresa privada. As pessoas geralmente economizam para um objetivo específico, como pagar a compra de um carro, a entrada de uma casa ou qualquer emergência que possa surgir. Economizar também pode significar colocar seu dinheiro em produtos como contas bancárias de depósito recorrente. A poupança será segura ou de risco mínimo, e estará sempre pronto para liquidez em dinheiro no momento da necessidade.

Minha irmã diz que estou me esforçando demais, mas na verdade estou construindo uma rede de segurança para mim e minha família.

Considere isto.

Você tem três pequenos movimentos laterais. Cada um rende no mínimo US $ 150 a US $ 300 por mês. Isso é cerca de US$ 450 a US$ 900 por mês.

Ganhe $ 450 por mês por algumas horas de trabalho.

Diga-me o que você não pode fazer com $ 450.

Planeje uma boa viagem com sua família onde você não se preocupará com dinheiro. Concorde comigo nisso. Não importa quanto ganhemos, todos temos um orçamento quando planejamos férias em família.

Do you like money? Do you like working for money? If you answered yes and no in this order, then read this article. It’s actually good, I promise. A few years ago, I spent a lot of time researching how the stock market works. What you’re getting here is a summary of the most important part, and practical advice that will put money in your pocket.

Trading or Investing

Trading

Imagine riding a high-speed jet ski across the open waters. That’s the excitement of trading. Traders aim to profit from short-term price fluctuations by capitalizing on market inefficiencies. It requires sharp reflexes, constant vigilance, and a comprehensive understanding of market dynamics.

While trading offers the potential for rapid gains, it demands discipline, patience, and the ability to handle increased risks. It’s a thrilling journey, but not for the faint of heart.

You’re trying to buy right before a green arrow and sell right before a red one. To do this, you need to somehow predict where the stock’s price is going to go. And you need to do this in a market where everyone else is trying to do the same.

What determines if your prediction is successful? If it’s luck, then you’re gambling. If it’s skill, then it’s a job.

Investing

Now, let’s board a majestic cruise ship and set sail for the long-term horizon of investing. Investing is like embarking on a leisurely cruise, sipping your favorite beverage and enjoying the scenery. It involves patiently nurturing a diversified portfolio over time, harnessing the power of compounding.

Investors focus on the big picture, recognizing that the market has historically trended upward over extended periods. While occasional market storms may arise, they weather them by staying the course and trusting in the strength of the global economy.

Stocks generally go up. They don’t always go up, and they don’t tend to go fast, but the market tends to increase in value. If you invest right, you will make money from this. As you can guess, this requires way less mental effort.

Compound Interest

Compound interest is a financial superpower that can turn your money into a growing force. It works like a snowball, gaining momentum and getting bigger as it rolls down a hill.

Here’s how it works: When you invest money with compound interest, your initial investment earns interest, and that interest becomes part of your total investment.

The exciting part is that the next time interest is calculated, it’s not just based on your original investment but also on the interest you’ve already earned. Interest on top of interest!

The longer you keep your money invested, the more powerful compound interest becomes. It’s a snowball effect that can significantly boost your wealth over time.

For example, if you invest $1,000 with an annual interest rate of 5%, after the first year, you’ll have $1,050. In the second year, you’ll earn 5% not only on your initial $1,000 but also on the additional $50 you earned in interest. This compounding effect continues year after year, and your money grows faster and faster.

Diversification

Diversification is key to reducing risk and protecting your investments. It’s like having a well-balanced meal with a variety of nutritious foods. By spreading your investments across different asset classes, industries, and regions, you can cushion the impact if one investment performs poorly.

One effective way to achieve diversification is through index funds. These funds are like ready-made baskets filled with a mix of stocks or assets that mirror a specific market index, such as the S&P 500.

Investing in index funds provides instant diversification, giving you exposure to a broad range of companies within the index. Instead of picking individual stocks, you capture the overall market performance.

Even if any individual company goes bankrupt, the growth of all your other holdings will make up for the loss. Law of large numbers.

Not Convinced Yet?

Did you know that 80–90% of investors fail to outperform the S&P 500?

Did you know that the S&P 500 has never delivered negative annualized returns over a period of 30 years?

And most importantly, consider this question: what else could you do with the time you spend researching individual stocks?

Closing Thoughts

I’m not a financial advisor. This doesn’t mean I don’t trust in my own strategy, but apparently if I don’t have a disclaimer like this, you can sue me or something.

Oh yeah, you can technically lose all your money in the market. But you can lose it to inflation if you keep it uninvested, or you can spend it all on bubble gum. You’re smart enough to know the risks.

This article was written clearly advocating for a certain strategy. Follow me if you’re interested in a more informative article I have in the works that helps you understand how I’ve come to this conclusion.

#Binance #dyor

As I delved into the online world, I couldn’t help but notice the emergence of some bad habits.

It’s unbelievable how the mind sometimes seems to:

Can’t stop searching for stimuli left and right.

Can’t resist the urge to bask in the dopamine rush of accomplishments.

Can’t break free from its own animalistic, instinctive, emotional tendencies.

Can’t find inner calm and silence the noise.

Photo by Christian Erfurt on Unsplash

There comes a point where you catch yourself engaging in useless, unnecessary, and even detrimental behaviors.

When you work from home on the internet, issues come to light — things that in a traditional employment setting would have been suppressed.

Throughout the years (with their ups and downs), I’ve discovered a series of quirks and bad habits that can demolish our successes, leading us into vicious cycles, seeking validation for our actions — even when we’re on the right track.

That’s why I want to share with you five of these quirks, obsessions, and compulsions I’ve fallen into (and still catch myself committing from time to time).

I can’t promise that merely being aware of them will bring about change, but it definitely goes a long way.

Later on, you’ll realize that knowledge alone isn’t sufficient.

Taking action is crucial — that’s when real transformation happens. It’s like following through on the seeds planted in your mind.

Let’s dive in.

1. Constantly checking statistics, metrics, or earnings

After receiving feedback from people, the second-best way to gauge your performance is through statistics.

Statistics provide an excellent measure of how your online projects are performing.

Photo by Georgia de Lotz on Unsplash

They offer insights you wouldn’t otherwise have and help you discover new avenues that can yield impressive returns.

However, there’s a distinction between setting specific timelines and deadlines for reviewing this data and obsessively using it to verify if you’re on the right track.

No, statistics won’t instantly tell you if you’re doing things correctly, you know that while you’re in the process.

Statistics merely serve to validate your existing knowledge and open up new possibilities.

2. Inconsistency, lack of discipline, and lack of passion

Without consistency, you’ll never truly know if you’re doing things right.

Without discipline, you won’t be able to determine if you’re on the right path.

Without passion, you won’t derive as much enjoyment from the results as you would if you were passionate — plus, your outcomes won’t be as outstanding as when you relish the journey.

If you don’t find joy in it, others won’t either.

3. Setting unrealistic expectations

Forget about setting unattainable short-term expectations, unless you stumble upon a stroke of luck, they won’t materialize.

Expectations divert your attention from your goals, turning the process into a headache instead of an enjoyable and motivating experience.

This is when the process contradicts your expectations, confusing your mind and throwing you off course.

4. Placing excessive focus on a single idea or project

I agree that finding your niche and wholeheartedly dedicating yourself to it is a reliable way to achieve favorable outcomes.

It’s what everyone says, and the truth is, they’re right. However, it doesn’t always work that way.

I mean, sometimes you gotta break down a project into subprojects devoted to diverse sources of income and growth.

Because if you focus solely on one endeavor, you may end up bitterly disappointed later on.

5. Overdiversification

In the online realm, there are countless avenues to earn money and live the life you desire.

There are so many options that it would take years to comprehend each and every one of them.

Photo by Markus Winkler on Unsplash

I’ve seen people (myself included) fall into the trap of pursuing too many income streams and expansions.

Let me tell you, it’s an utter waste of time.

Seriously, avoid it at all costs, it simply doesn’t work. You can certainly diversify, but do so within the boundaries of your niche.

Macro niches belong to the realm of large corporations and businesses. A single person can’t handle such an extensive scope.

Conclusion

Here’s the recap of today’s post:

Limit constantly checking statistics, metrics, or earnings.

Be consistent, disciplined, and passionate.

Set realistic expectations.

Focus on more than one idea or project.

Avoid overdiversification.

#dyor #Binance

Managing a small amount of capital while trading cryptocurrencies requires careful planning, disciplined execution, and effective risk management strategies. In this guide, we will explore several key aspects to help you make the most out of your limited funds.

Understand Your Risk Tolerance Knowing your risk tolerance is crucial when managing a small amount of capital. Consider your financial situation, investment goals, and how much you are willing to risk. While trading cryptocurrencies can be lucrative, it also comes with inherent volatility and risks. Assess your risk tolerance realistically and avoid risking more than you can afford to lose.

Set Realistic Expectations: Having realistic expectations is vital for managing a small capital. Understand that with limited funds, you may not be able to generate significant profits immediately. Set achievable goals and focus on gradual growth. Avoid falling into the trap of expecting overnight success or chasing high-risk, high-reward opportunities.

Choose the Right Exchange and Wallet: Selecting the right cryptocurrency exchange and wallet is crucial when dealing with limited funds. Look for reputable exchanges that offer low fees and adequate security measures. Consider using exchanges that cater to smaller traders or offer special features for managing small amounts of capital. Additionally, use a secure wallet to store your cryptocurrencies and ensure the safety of your funds.

Research and Select Suitable Cryptocurrencies Thoroughly research and select cryptocurrencies that align with your risk tolerance and investment goals. Look for established projects with a solid track record, strong fundamentals, and active communities. Avoid investing in highly speculative or unknown cryptocurrencies, as they tend to carry higher risks. Diversify your portfolio by investing in a mix of cryptocurrencies that have potential for growth.

Implement Proper Risk Management Effective risk management is essential when dealing with limited capital. Consider the following strategies:

Position Sizing: Determine the appropriate amount of capital to allocate to each trade based on your risk tolerance. Avoid allocating a significant portion of your funds to a single trade, as it increases the risk of substantial losses. A general rule of thumb is to limit each trade to a certain percentage of your total capital, such as 1-2%.

Use Stop-Loss Orders: Implementing stop-loss orders helps limit potential losses. Set stop-loss levels based on technical analysis, support levels, or your predetermined risk tolerance. This ensures that if the price of a cryptocurrency moves against your position, it will be automatically sold, protecting your capital.

Take Profit Levels: Similarly, set take-profit levels to secure profits when a cryptocurrency reaches a certain price target. It helps you lock in gains and avoid the temptation to hold onto positions for too long, risking potential reversals.

Risk-Reward Ratio: Assess the risk-reward ratio of each trade before entering. Aim for trades with a favorable risk-reward ratio, where the potential reward outweighs the potential risk. This ensures that even if not all trades are successful, the overall profitability remains positive.

Use Technical Analysis and Indicators: Utilize technical analysis tools and indicators to make informed trading decisions. They can help identify trends, support and resistance levels, and potential entry and exit points. However, remember that technical analysis is not foolproof, and combining it with fundamental analysis is advisable.

Stay Informed and Adapt The cryptocurrency market is highly dynamic, and staying informed is crucial. Continuously monitor market trends, news, and developments that may impact the cryptocurrencies you trade. Follow reputable sources, join cryptocurrency communities, and engage in discussions to gain valuable insights. Adapt your trading strategies based on new information, but avoid making impulsive decisions driven solely by short-term market fluctuations.

Maintain Discipline and Emotional Control Discipline and emotional control are vital when managing a small amount of capital. Stick to your trading plan and avoid making impulsive decisions based on fear, greed, or market hype. Emotions can cloud judgment and lead to poor trading choices. Develop a routine, maintain consistency, and trade based on rational analysis rather than emotions.

Practice Patience and Long-Term Thinking Trading with a small amount of capital requires patience and a long-term perspective. Understand that achieving significant profits may take time. Avoid getting caught up in short-term price movements and focus on the long-term potential of the cryptocurrencies you hold. Regularly review your investment strategy, make adjustments as needed, and stay committed to your long-term goals.

Learn from Mistakes and Continue Learning Mistakes are an inherent part of trading. Learn from them and view them as valuable lessons. Analyze your trades, identify areas for improvement, and adjust your strategies accordingly. Continuously learn and expand your knowledge about cryptocurrencies, trading techniques, and risk management strategies. Stay updated with industry developments to adapt to the evolving market.

Start Small, Learn, and Grow Finally, start with small trades and gradually increase your capital as you gain experience and confidence. Treat your initial trades as a learning process rather than focusing solely on profits. As you become more comfortable and consistent, you can allocate more capital to trades.

In conclusion, managing a small amount of capital in cryptocurrency trading requires careful planning, effective risk management, and disciplined execution. Understand your risk tolerance, set realistic expectations, implement proper risk management strategies, and stay informed. Maintain discipline, emotional control, and a long-term perspective. Learn from mistakes, adapt, and gradually grow your capital as you gain experience. Remember, trading cryptocurrencies carries risks, and only invest what you can afford to lose.