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
