You buy when the market falls, you sell when the market rises. This happens because you may be making the following mistakes:
1 - Day trading. This is the best way to lose money. It has a direct psychological impact; sometimes you may have bet in the right direction, but the immediacy makes you think you will lose, which is why you incur more losses than profits.
2 - You must be using money that you shouldn't. Using money that should be for paying bills is a fatal mistake, because as in the previous item, this will make the fear of losing interfere with your rational decisions and you will most likely LOSE.
3 - Engaging in leveraged trading. This may be the worst of the worst mistakes. You are not a fortune teller to predict where the asset will go in the next 24 hours, so never do this; the market will run over you like a tractor. When greed speaks louder, you can literally lose everything.
So what is the right way to invest?
Invest thinking in the next semester or more.
Always use money that you won't need in the next few years.
Study the asset before literally starting to invest.
Don't rush to sell as soon as you see the graph fall; calm down, it will come back. Depending on the asset, OK!
Know every detail and the context of the asset you intend to invest in.
In moments of market euphoria, do nothing.
Follow our page for more tips.
#CryptoTips
1 - Day trading. This is the best way to lose money. It has a direct psychological impact; sometimes you may have bet in the right direction, but the immediacy makes you think you will lose, which is why you incur more losses than profits.
2 - You must be using money that you shouldn't. Using money that should be for paying bills is a fatal mistake, because as in the previous item, this will make the fear of losing interfere with your rational decisions and you will most likely LOSE.
3 - Engaging in leveraged trading. This may be the worst of the worst mistakes. You are not a fortune teller to predict where the asset will go in the next 24 hours, so never do this; the market will run over you like a tractor. When greed speaks louder, you can literally lose everything.
So what is the right way to invest?
Invest thinking in the next semester or more.
Always use money that you won't need in the next few years.
Study the asset before literally starting to invest.
Don't rush to sell as soon as you see the graph fall; calm down, it will come back. Depending on the asset, OK!
Know every detail and the context of the asset you intend to invest in.
In moments of market euphoria, do nothing.
Follow our page for more tips.
#CryptoTips
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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