đBe greedy when others are fearful and be fearful when others are greedy! (Financial analysis, Crypto)đđ
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âMoney is made by sitting, not trading.â - Jesse Livermore
đ€”ââïžWho Was Jesse Livermore? Livermore, who is the author of How to Trade in Stocks (1940), was one of the Greatest Traders of all timeđ đđJesse Livermore was worth $100 Million in 1929, which in today's US-Dollars roughly equates to $1.5 Billionđč
đIt never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!đ â It is no trick at all to be right on the market. You always find lots of early Bulls in Bull Marketsđđ and early bears in bear marketsđđ» And their experience invariably matched mine that is, they made no real money out of itđč đ€”Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big moneyđčIt is literally true that Millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignoranceđđ€”ââïžJesse Livermoređ
đčJesse Livermoreâs 21 Trading Rules: Nothing new ever occurs in the business of speculating or investing in securities and commodities.Money cannot consistently be made trading every day or every week during the year.Donât trust your own opinion and back your judgment until the action of the market itself confirms your opinion.Markets are never wrong â opinions often are.The real money made in speculating has been in commitments showing in profit right from the start.As long as a stock is acting right, and the market is right, do not be in a hurry to take profits.One should never permit speculative ventures to run into investments.The money lost by speculation alone is small compared with the gigantic sums lost by so-called investors who have let their investments ride.Never buy a stock because it has had a big decline from its previous high.Never sell a stock because it seems high-priced.I become a buyer as soon as a stock makes a new high on its movement after having had a normal reaction.Never average losses.The human side of every person is the greatest enemy of the average investor or speculator.Wishful thinking must be banished.Big movements take time to develop.It is not good to be too curious about all the reasons behind price movements.It is much easier to watch a few than many.If you cannot make money out of the leading active issues, you are not going to make money out of the stock market as a whole.The leaders of today may not be the leaders of two years from now.Do not become completely bearish or bullish on the whole market because one stock in some particular group has plainly reversed its course from the general trend.Few people ever make money on tips. Beware of inside information. If there was easy money lying around, no one would be forcing it into your pocket.
đĄTL;DR đčIt never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is literally true that Millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignoranceđ
"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful" đšâđŒWarren Buffettđ
"What has happened in the past, will happen again, and again, and again!" đšâđŒJesse Livermoređ đčIt's the Easiest thing ever to Buy and Hold, the most important thing is discipline. Imagine Buying one $BTC back when it was 5000$ and Holding Bitcoin for 5 years without thinking about it, it would be worth more than 50000$+ (1000%+) today. It's Very Easy and there have always been opportunities throughout history, take Microsoft, Apple, Google, S&P 500, Gold, and Nvidia as an exampleđ #Bullish #HOLD #TradingLegends #Altcoinseason2024 #Quote $ETH ,$BNB đđđ
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đč$BTC with a lot of Bullish Momentum could reach a new All-Time Highđ If Bitcoin breaks 73k$, it will Very likely reach 100k$+ during 2024 - 2025đ
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"There is a time for everything, And a season for every activity under Heaven... ...a time to be born and a time to die. ...a time to plant and a time to uproot. ...a time to weep and a time to laugh. ...a time to mourn and a time to dance. ...a time to keep and a time to throw away. ...a time to be silent, and a time to speak. ...a time to Love... and a time for Peace." đEcclesiastes 3đ
"Do not be one who shakes hands in pledge or puts up security for debts; if you lack the means to pay, your very bed will be snatched from under you." đProverbs 22:26-27đ
If #Bitcoin ( $BTC ) is speculative, what do you call a $250k college loan with no guarantee of a job? A: Simple, We call it a smart choiceđ€And the elderly have to always convince the youth that it is a smart choice, otherwise, how else would academia milk the money of these kids? Let's talk about the biggest scam in the world called unnecessary overeducation, how often in your life did you need to know the root of 2?đWhat is needed to be able to use AI like ChatGPT? Right, you only need the language your parents taught you to use ChatGPTđ€
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"Don't give me timing, give me time" đšâđŒJesse Livermoređ đčIt's the Easiest thing ever to Buy and Hold, the most important thing is discipline. Imagine Buying one $BTC back when it was 5000$ and Holding Bitcoin for 5 years without thinking about it, it would be worth more than 50000$+ (1000%+) today. It's Very Easy and there have always been opportunities throughout history, take Microsoft, Apple, Google, S&P 500, Gold, and Nvidia as an exampleđ #Bullish #HOLD #TradingLegends #Altcoinseason2024 #Quote $ETH ,$BNB đđđ
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$BTC đȘ fiat inflation says it all, people don't like their printed monopoly money always getting more and more worthless with each day and this is very Bullish for Bitcoinđ
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