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RE: My Why: Trading My Way to Financial Freedom

in Self Improvement โ€ข 2 years ago

Hi there @the13anarchist, good to see you ๐Ÿ˜

I've found when trying to change things in your life that it helps to change your environment (similar to if you're trying to stop eating biscuits, don't bring them into the house) - being on Hive is a great step towards that, and the Saturday Savers Club gives you a regular weekly check-in to touch base with people. You might want to link this post in a comment on this week's Savers post (when I've written it ๐Ÿ˜…).

I'm not a day trader, I tend to buy and hold, but one thing I've learned is that markets have cycles and for long-term wealth you need to be thinking about things in terms of years (many years) rather than price variations over days or weeks or months.

You might be interested in following the @spinvest account. SPInvest is an investment fund, set up originally with $13,000 and even now, in a bear market and the market crash we saw this week, is worth $110,000 - so x 8 after just under 4 years.

On YouTube, I follow the UK based Coin Bureau for crypto analysis (not that I want to give you anything that consumes more of your time).

I'm also tagging @revisesociology (UK) and @bozz (US) who might be able to offer some insights into stocks and shares and answer some of the questions in your post.

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Hi @shanibeer! I believe that to be true as well, and I feel that exact same way about this platform! Thank you for letting me know, and I will definitely link that to this week's Savers Club update!

Its funny that you mention that! Because there's a video on the YouTube Channel that I linked in my post where he talks about that same thing! He was looking at the Daily Chart and zoomed it out to show how the patterns or cycles happen over periods of years, whether the price goes up or down, it's all a cycle of previous trends! It's actually really neat in my opinion!

I'll definitely have to head over to the @spinvest account and check that out! Is there a specific post I should start with!?

Ok, I'll have to check that Channel out too, thank you for linking! ๐Ÿ˜Š

Awesome, I appreciate that! I would be very interested to hear their opinions! Thank you so much for all of your continued help and support!! ๐Ÿ’š