I’ve traded since 2014, starting on Forex while learning the ropes of the beast that is trading. The sheer magnitude of pitfalls and vices that you need to not only learn about, but also experience make the endeavor a painful but also rewarding process. If you don’t mind being humbled and also like a challenge, than trading is a great thing to start — but not if you want to make a lot money.
Without getting into the details of trade psychology, account management, hedging, DCA, etc., there is no way to get into trading without a large balance. Sure you can use a small $100-$1000 and tell yourself, “This is money I can risk” — in fact, you hear this term thrown around all the time when it comes to investing, pursuing new uncertain ventures, and many other things in economics. The hard truth of the matter with trading and many other things, is that if you don’t take risks you’ll never learn that battle-hardened emotional intelligence and integrity to make money consistently, and be responsible. Long story short? It take’s a lot of hard work, activity, learning, and so many other things to become a consistently profitable trader — and no thousand dollar course can teach these lessons to you (huge scam, honestly).
This is where passive income from things like faucets and farms come in. These ventures can be a safe-haven for your money — assuming you do your own research. Things like DRIP coin payout 1% every day, at 365% a year — and this is assuming you aren’t reinvesting/compounding your interest to grow your account! The crypto space has changed so much in 7 years that the sense that all of this is easy has become commonplace, but for some reason new investors still feel like they need to pursue that 100x trade on BitMex or Binance. It’s not to say that trading isn’t rewarding — I still do it — but in our current market it’s just not feasible for newcomers. In it’s essence, the market is built to take money from one person and give it to another — and you’re trading against the edge.
While some new investors chase these unrealistic gains and notions, experiencing that all too familiar roller coaster of emotions that is crypto trading, smart investors are hedging their futures in high APY ventures. One such venture? DRIP Network.
As mentioned earlier, this behemoth pays out 1% a day that can be compounded, and is making people thousands — sometimes every day. As an avid fan, there’s no way you won’t hear me mention this community a lot, but there’s few things out there that attract the eye like this, other than HEX and a few other trustworthy projects.
One phrase used often in trading that has stuck with me for a long time is, “Don’t go against the trend. Trade with it”. The trend right now is passive income, and it’s a gold rush. No slow mover has every made it big in a gold rush.
How to get started with DRIP: https://faucetsandfarms.com/2021/12/13/make-huge-passive-income-drip-network-1-daily-interest-gains%e2%80%8a-%e2%80%8a365-apy/
