It’s a big word. Whenever, I hear the word investments, I think of commitments because investing takes a lot of committing and patience.
Investing is a way to set aside money while you are busy with life and have that money work for you so that you can fully reap the rewards of your labor in the future. Investing is a means to a happier ending. The goal of investing is to put your money to work in one or more types of investment vehicles in the hopes of growing your money over time.
That’s what I love about investing – seeing your own hardworking money and effort grow exponentially in the long run.
I have always been a big fan of the stock market. I have always admired people who would read the chart every day, watching the candles rise and fall, buying and selling, exchanging. It’s all so fascinating to me like sports fanatics getting exciting over that huge touchdown!
Yet despite all my sincere passions for the stock market, I was scared to invest because I didn’t want to lose. I was terrified to put in money and come out negative. I mean all the investors fear the same thing. But it’s the same for life, if you don’t take risks, you’ll never get anywhere and accomplish anything.
Being scared got me even more motivated to invest in the stock market. After researching and learning about investing, studying candle patterns, when’s the right time to invest, how to invest, etc., I can I feel a little more confident.
Even though still having so much to learn and frankly I’m not the best at it, everyone has their own unique approach to investing.
But a few key lessons I’ve learned from all my studying and watching other investors are:
- Invest for the long term. I know it can be tough to wait but promise it’ll me worth it when you reap the rewards a few years later.
- Having a calm mindset. It can be difficult watching the stock market crash as the world goes into panic mode but clear your head because what goes down, always goes back up even higher.
- Take your risk tolerance level into account. What are your goals for investing? Are you comfortable losing money if the stock market performs poorly or does any sort of investment loss make you nervous? These are the types of questions to think about before you start your investment journey.
If you want to be successful at trading, you’ll have to put in a significant amount of time and money to acquire the relevant skills, just like any other venture. If you want to get into trading just to make a quick buck, then perhaps it’s better to avoid trading altogether. There’s no such thing as quick, easy money, without a risk or downside at the other end. However, if you’re committed to learning how to be a professional Bitcoin trader, check out some of the links below to continue your education.
If you think I should continue this topic about investing, about the stock industry, and teach other aspiring, young investors what I have learned and researched along the way, let me know in the comments below!
Good luck and happy trading!