Hi Guys,
A POWERFULL LESSON: BEFORE WINNING, STOP LOSING
Which Will Make You Multimillionare 馃殌馃殌
You must understand one thing: your first goal when investing should not be to win, but rather to not lose. Before trying to win, try not to lose. Seems stupid, but it's much harder than you think, because it involves avoiding many traps made exclusively for beginners.
1. Don't try Futures trading. You'll lose your money without a doubt because you're simply not a trader. People will make you believe that trading is easy, but it's totally the opposite. Trading is an extremely difficult activity that requires vast experience; your few weeks of experience won't make you profitable.
2. Don't follow people who give you buying signals. These people will make you lose your money in 95% of cases. They have partnerships with crypto projects and will promote a cryptocurrency only because they are paid to do so. They haven't invested in this cryptocurrency themselves because they know perfectly well that it relies solely on influencers who promote it, and therefore its price can drop by -99.9% overnight.
3. Don't listen to the masses. The masses are always wrong; the market is always right. When you hear a lot about a cryptocurrency, know that it's already too late to buy and it's time to sell if you already have it. I'm talking about $SHIB, $DOGE, etc., but this applies to all cryptocurrencies throughout the bull run.
4. Invest amounts that don't put you in psychological difficulty. If you have $10,000 in your bank account, don't start with more than $500. Otherwise, you'll be overwhelmed by your emotions and you'll inevitably lose everything.
I hope some will apply these tips.
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