2021-06-15 18:01:15
2 big mistakes that new investors make on their way to their first million.
Mistake ignore DIVERSIFICATIONS
Example: a person buys 2-3 tokens or invests in 1 investment platform, and invests ONLY THERE on a monthly basis.
This is the wrong decision
On my blog, I publicly share information about my investment portfolio. I share my earnings and % of the profit that I earned. But don’t forget about diversification, even if the company looks reliable.
Mistake Emotions. There are general rules for controlling emotions:
- If everyone buys a hype asset, a coin, or people who don’t understand investments invest large amounts of money, then it's too late to buy it.
- If everyone is in a panic sell the asset, it's not at all a fact that you need to sell it too.
- You don’t need to play in a "casino" and spend large sums on trading.
All mistakes of a newer investor are due to emotions and lack of knowledge, and also misunderstanding of the stock market.
I will write more often information about the field of investment.
P.S. give me likes if this Info was useful
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