Trading is a marathon, not a sprint. Don't expect to get ri | The Glue on Binance Square

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Trading is a marathon, not a sprint.
Don't expect to get rich overnight. Relax, be patient, and treat it like any other business venture. Chasing quick gains will always result into losing money.
Educate Yourself Here 
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Trading is deadly at the best of times, that’s why legendary investors typically make long term value investments. (Not day trading) Goldman Sachs traders can lose 100 million before lunch time. Then they’re big enough to twist the market around and recover. Most people aren’t. Trading is normally holding for a few seconds up to 6 weeks while investing is holding from a few months up to many years. (The longer the better) Warren Buffets business partner Charlie Munger made billions with only 6 purchases over many years. When the SEC accused him of cheating somehow to make so much money, he said, I only made 6 transactions, it’s not my fault they did so well” Learn and go to work, make more money, and this time, invest in the long term value. Day trading is generally for amusement and most people lose. They generally don’t talk about it much though. Many “successful” day traders run courses, and make their money mainly in course fees, trading fees, and quite often they have a few long held investments they don’t mention very much. Tomorrow is a brand new day. #IntroToCopytrading #BinanceTournament #SOFR_Spike #US_Job_Market_Slowdown $BTC $SOL $AVAX

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Is it worth buying crypto while there is blood on the street ? It depends on these factors: Do you have money to waste ? What I mean by ‘waste’ is that, will you have still enough money left for your personal needs if a particular cryptocurrency you invested crashes down to 0 dollars ? Are you patient enough to wait weeks, months or even years till your chosen cryptocurrency rises in price ? Will you stay calm if the cryptocurrency you invested in starts falling in price very quickly and you start ‘panic-selling’ ? Have you researched that particular cryptocurrency before investing in it ? If you are sure that you pass all these factors, then you can start researching in what cryptocurrency you want to invest. When researching, look for a cryptocurrency that has a solid team, a solid roadmap, check price charts if it is just a pump & dump cryptocurrency, look if the community supports its cryptocurrency and has little doughts about it. Do NOT follow the hype train and do NOT believe in FUD, always make solid decision based on your research and not out of pure luck or stress. $BTC $ZRO $XRP Educate Yourself Here #CryptoTradingGuide #IntroToCopytrading

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Before buying cryptocurrency, it's essential to learn and understand the blockchain technology, decentralized finance (DeFi), and the different types of cryptocurrencies like Bitcoin and other altcoins. Do your research on the cryptocurrency’s history, development team, and community support. Read whitepapers, reviews, and articles to understand its purpose, technology, and potential. Be prepared for potential losses and gains as the crypto markets are highly volatile, and prices can fluctuate rapidly. Set clear goals, diversify your portfolio, and never invest more than you can afford to lose. Ensure you understand the fees associated with buying, selling, and transferring cryptocurrencies. Importantly, use a reputable and well-known exchange and wallet options when buying crypto. Lastly, follow reputable sources, news outlets, stay up-to-date with market trends and developments. $BTC $PEPE $SHIB Educate Yourself Here #IntroToCopytrading #Market_Update #Marketsentimentstoday #SOFR_Spike #US_Job_Market_Slowdown

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Buy & Hold. The first piece of advice you’ll hear when you start investing in cryptocurrency is buying low and selling high. But you’ll soon find out that you can’t predict the market. That’s why some investors take the long-term approach, where they do not have to worry about the short-term price changes. It’s still important to buy into a project you think has true potential to perform well over the next five to 10 years. At the same time, cryptocurrency dips can also be an opportunity to invest more into your favorite cryptocurrency project. If you were waiting for the right time to buy a token, which you believe has a strong long-term potential, then this could be a suitable time. However, you may be tempted to buy other tokens too. Remember that it’s never a good idea to buy crypto that you have not thoroughly researched just because it’s on sale. Also, you should only use your disposable income to buy cryptocurrency. Educate Yourself Here #IntroToCopytrading #Write2Earn! #CPIAlert #BinanceTournament $SHIB $PEPE $FLOKI

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Keep calm You’ll need to keep your calm as you see cryptocurrency markets moving faster than you can identify opportunities. Oftentimes, these sudden price movements cause emotional decisions, which are the worse kind of decisions for traders. That’s why keeping your calm to assess the situation is important. During this time, it might be a promising idea to re-analyze your portfolio and reiterate the reasons behind your investments. Most cryptocurrency investors find themselves on one of the two sides they want to make a quick buck or believe in the long-term opportunity. Understanding your reasons for trading crypto might guide you to act according to your financial expectations and goals. Educate Yourself Here #IntroToCopytrading #Write2Earn! #SOFR_Spike $BTC $ETH $SOL

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