#NotFinancialAdvice #MyOwnOpinion #DoYourOwnResearch
Rule of thumb for those Traders and Investors out there :
As a Trader, we sometimes got caught up
in what we call " Fear Of Missing Out " , it's
natural to feel that way and it only means we
are human. The question is how will you
react about it, how will you respond when
the urge of FOMO crawling in. The one thing
you can do when that time comes is to be
aware of yourself consciously and react to
what is the best way to act upon base on
your set of strategy.
As an Investor, we set long term goals
which means we don't need to beat the
market, we ride with it whether it's up or
down. Yes buying low had its advantage but
what if the so called "All Time High" is still
the low for the next all time high? This is
when Fiat Cost Averaging is our greatest ally.
You don't need to beat the market because
you're set for a long term perspective, if the
market goes down well and good, you have a
discounted price and if it goes up , well and
good you are in a position for a greener
pasture.
All of this takes time and patience to
become profitable and a very valuable asset
you and I can never ignore. Of course you can
do both trading and investing at the same
time just learn how each perk works. In the
end the greatest risk is not risking at all, so
risk manageably. Hope you get something
out of this. Keep learning !
✌️⚖️📈🤙