Hey folks,
Basically, I have around 25$k to invest, and I really want to hit least 200K$ by the end of this year.
Could you please give me some tips and advises?
Also, It is an amount that I honestly don't want to lose since it counts significantly to my capital.
Background story, I have quite the portfolio that would count around 150k$ at current prices, some I sold early and some went greedy and lost.
I did learn a though lesson about patience tho.
Also, psychologically I am done with trading since the lost, I was great at it but one drunk night got me bad lol.
Don't drink and trade folks.
Thanks a lot!
Did you learn how to trade before you enter trading? Their are things you need to learn before ever thinking of trading. There are people that are making good profits from trading and also on few that do not know how to trade are also losing Money. If you want to invest in the crypto market, you need to learn how to or invest in cryptocurrency. There are so many coins one can buy and hold for the bull in order to benefit from the crypto market. I know Bitcoin might not hit 2x I'm this bull but the price might go far for users to make crazy profits from the market. Buying good tokens can be very rewarding for users so we'll have to be prepared for what is about to happen in the crypto market soon.
Well right this is the main point that must first be considered and thought about, I understand that the goal of all of us involved in the world of trading is to make a profit, but it is foolish if you come without knowing how to trade properly and appropriately, because profits will only be able to get when you have the skills and knowledge, meaning that having even a large amount of capital is not enough, you need to have other things, namely how to trade and also good risk management.
Because as you said that there are some traders who are indeed able to earn but there are also some traders who end up with a lot of losses and they are traders who are too focused or expect profits while on the other hand their goals are not accompanied by skills and knowledge so that obviously losses will become more certain and dominate. So the point is that having capital alone is not enough, or having large capital but not having qualified skills and knowledge is the same as you throwing money away, but it will be a different story if you are able to be patient to first learn everything.