My friends always ask me, "When should I buy?"
Instead of trying to guess the bottom, look for signs of a trend change on higher time frames—don’t just chase one good day in the market.
What should you be looking at? 
- Is the MACD curling up? 
- Have we broken a downtrend line? 
- Are we above key moving averages? 
- When is earnings?
Looking at price action, these are the questions you need to ask yourself.
Let’s take $SMCI as an example. The earnings reaction was lower, compounded by a weak overall market.
Do I own $SMCI? Yes, I added around $300 and have reduced my position 4x, so I’m comfortable holding a runner position now. But what if you didn't add last year?
If you missed the earlier move, this might look like a good buy opportunity for the long term.
#investingtips
#LongTermInvesting
#TechnicalAnalysis
#smartinvesting #Write2Earn!

Investing in the stock market can seem scary, but it's easier than you think. Here's a step-by-step guide to help you get started:
Step 1: Open a Brokerage Account
Find a good online brokerage firm and open an account. This is where you'll buy and sell stocks.
Step 2: Choose Your Stocks
Pick the companies you want to invest in. Look for ones that are strong and have a good future.
Step 3: Set a Budget
Decide how much money you want to invest each month. Start small and grow your investments over time.
Step 4: Buy Your Stocks
Use your online account to buy the stocks you chose. You can set a price limit or buy now.
Step 5: Watch and Learn
Keep an eye on your stocks and learn from their ups and downs. Adjust your investments as needed.
Tips:
- Start small and be patient
- Diversify your investments (choose different types of stocks)
- Don't put all your eggs in one basket
- Keep learning and stay informed
Remember, investing in the stock market involves risks, but it can also be a great way to grow your money over time. Happy investing!
#investingtips #wealthbuilding #StockMarket

I’ve been in Crypto for years now. Since early 2018 to be exact. It wasn’t a good time to get in, but nevertheless, the lessons I picked up along the way are priceless. I’ve had many victories and equally many defeats on this journey, and to say that I haven’t enjoyed every minute of it, well, that’s accurate 😄. 
Like many trying to make it through Crypto trading, I made some big mistakes, but I was lucky where I didn’t get myself wiped out completely. And believe me, that is something I have seen happen to many others throughout the years, especially those who put all their eggs in a single basket. However, I believe it is through the mistakes that I have reached the point where I am today. I am still far from my end game - my dream goal, but, for the first time since my journey began, I am starting to see that goal in sight.
So what was one of the biggest mistakes I was doing? Simply, I was re-investing all my profits from successful trades. Some might say that this is the way to go, but when you’re dealing with an unpredictable monster like the crypto industry, it is always good to ensure your success. 
The problem with reinvesting everything is you begin to forget why you got into this whole crypto trading thing - To earn as much Fiat as possible. You are basically diving into an abyss, climbing your way out and diving back in, not leaving anything from those dives. This is exactly what I see many people doing, they don’t put anything away, they reinvest, then the market eventually crashes, they panic sell or they’re left off with months to years of waiting before their crypto regains any of its previous worth.

So what has worked well for me?

Common sense really. Whenever you have a successful trade - Let’s say you made a $150 profit. Divide that $150 into 3 ways, as per follows:

$50 to your FIAT stash. This is your endgame stash. Don’t ever touch this stash, only add to it. As it grows, this is everything that you have to show for years of trading.

$50 to any Crypto that you want really. Basically buy any crypto, especially if it dipped and the price is right. This crypto is complimentary to your end game stash. It is a long term hold, when you have the highest price possible, then sell it.

$50 Your trading stash. The bigger your crypto trading stash gets, the more trades you’ll be able to do vs. other crypto and bring in profits. So don’t neglect this completely.

Would love to hear your thoughts in the comments guys, whether you have any ideas you'd like to share or just wanna say hello!
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#writetoearn #investingtips #investingwisely #CryptoInvesting💰📈📊 #CryptoInvesting2024