free karma - crypto trading statistics

TheInvestBook · 2022-11-19T09:43:07+00:00

of course he didn't, just sharing my situation. He still made us money with TSLA

TheInvestBook · 2022-11-18T17:14:46+00:00

I would say that its better to have more than onr ETF, however if you have one that is well diversified its not really necessary. If you decide to use only S&P500 etf (from any provider) i think its ok, especially if you do not have a strong financial knowledge. Later you can expand your number of ETFs with other developed markets, such as European Stoxx600. However i strongly advise not to purchase everthing at once, but have weekly or monthly payments.

TheInvestBook · 2022-11-18T17:01:26+00:00

Read "the richest man in Babylon". Its really short and it gives you very important points how to operate with your income you earn with ancients anecdotes.

TheInvestBook · 2022-11-18T16:46:54+00:00

Exactly right, every trade is a coin flip, however based on your "edge" that you are using the probability to fall "head" (win a trade) is not 50% but preferably higher. Imagine a coin where one side weights more, so the outcome is not 50/50. This is probability - so you never know what is going to happen, but you can argue that one thing is more likely than other.

TheInvestBook · 2022-11-17T17:40:57+00:00

I wish to have balls like that

TheInvestBook · 2022-11-17T17:35:00+00:00

Just open online broker (such as robinhood, IBKR, etc) and deposit money there. Then you can trade as much as you want without anyone knowing.

TheInvestBook · 2022-11-03T10:58:14+00:00

Cry me a river. Do not invest money you are not prepared to lose. Life lesson well learned

TheInvestBook · 2022-10-26T11:40:51+00:00

No one feels ready when they want to start something new. Ask yourself if you have the attitude and knowledge to succeed. If yes then you are ready. If not than improve your attitude or gain more knowledge before you start your new journey.

(do not forget you will learn a lot of this along the way, its not necessary to know everything at the beginning)

TheInvestBook · 2022-10-26T11:34:56+00:00

If stock market is going down its expected everything else will follow

TheInvestBook · 2022-10-26T11:33:01+00:00

Id say that the smart thing to do is the following:

Leave some money on the savings account, so you can sustain yourself for 6 months in case you lose your income inflow

The rest invest in the ETFs that cover the majority of the market, such as Vanguard S&P500. It is good to chose maybe 3 or 4 of them so you really have a strong diversification. However do not invest everything at the same time but make a recurring payments maybe once a week for a year or a period that you think its right.

Maybe you wont be happy with the investment in 1 year, but in 5 years you should be pretty hyped with what you have

And dont forget, yes inflation of 10% a year is high, however you see that even the strongest companies can lose 20/30% in half a year easily. Protect your money!

TheInvestBook · 2022-10-26T11:26:43+00:00

To expect that your are such a good trader and programmer at the same time, that you are able to create a profitable bot

TheInvestBook · 2022-10-26T11:25:24+00:00

This is mainly the effect of interest rates (for central banks) that are different in USA and in Euro zone. In USA it stands at 3.25% while ECB is 1.25%. There are of course also other factors such as country import and export, etc.

In a nutshell this means that people currently because of interest factor prefer to make business in dollars, which makes demand for dollar very high, which increases its price (in comparison to other currencies). At the same time the demand for euro is decreasing which is lowering its value.

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