I need to learn to be happy if I make an extra $1,000 a year on the Stock Market or crypto coins and start locking in some gains. ... I was once up $5,000 on Bitcoin. now I am in the red.
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I need to learn to be happy if I make an extra $1,000 a year on the Stock Market or crypto coins and start locking in some gains. ... I was once up $5,000 on Bitcoin. now I am in the red.
Yeah, the trick with investing is not to get too greedy and to spread the risk. But the most important thing is to remember that money is made playing the long game.Day trading generally always results in loss in the long run since the risks are so high. But the overal trend of economies over time is that they go up. So if you invest in something now .. in 20 years it will be worth more. Provided you didnt invet in company that goes bust.
The safest investments are always funds that track market indeces. They tend to be popular as investment plans for retirement, not for quick gains.. that's tantamount to gambling.