โญ Trading vs. Long-Term Investing ๐ผ๐
Trading can be extremely risky, which is why legendary investors often stick to long-term value investments instead of day trading. Even Goldman Sachs traders can lose $100 million before lunch, but they're big enough to influence the market and recover. Most people aren't that fortunate.
*๐Trading ๐ Usually involves holding assets from a few seconds up to 6 weeks.
*๐ฏInvesting ๐ : Involves holding assets from a few months up to many years (the longer, the better).
Warren Buffet's business partner, Charlie Munger, made billions with just six purchases over many years. When the SEC accused him of cheating due to his massive profits, he responded, "I only made six transactions, itโs not my fault they did so well.โ
Learn, work hard, and focus on long-term value investments. Day trading is often just for fun, and most people lose money, though they rarely talk about it.
Many "successful" day traders earn more from running courses and trading fees, and often have a few long-term investments they don't mention.if you this post like or share
Remember, tomorrow is a brand new day. ๐ $BTC