When the market is on fire

According to the Corona class trader, the market is in an annoying position, if at the end of 2020 they rarely saw market fires, now the market is starting to look tense.

When in fact the market is never wrong, our success in investing is often not judged by how many percent of capital gains we manage to collect in a certain period, but how long we stay in the market.

Like the Moto gp circuit, the winner is not born from the fastest bike, but from the raider who is the best at setting the rhythm and adjusting the tires, I think the market is the same as racing, the market is a long-term race, fast at the beginning will mean nothing if in the end we just scattered behind.

Because just as a racer sees the finish line, not the first lap, so an investor will see the future, not next week.

Because actually a corrected market is actually not a threat, but an opportunity.

Actually the market is very simple, in its most basic form, investors just need to wait for the price to rise, there is no short option, no leverage, no staking, no options, losses and gains in the market are just an example, it has not been realized until we decide to sell it.

When the price goes up we profit, when the price goes down we are still profitable, because we can buy coins at a cheaper price, the only thing that makes no profit is if the company goes bankrupt.

So the first rule in investing is, don't buy bad companies, don't buy fried foods, the next rule, set our steps with good money management.

The mindset must always be first, use only money that is allocated to invest, not food money, not to eat, and never use margin, let alone money from debt.

Second, set goals and long-term targets for the investments made, if your goal is only money, that's too naive, we need more concrete goals so that investments have a finish line.

Some of the most common include:

Pension fund, to buy a house or other physical asset.

Children's education costs

Open a new business

Vacation around the world

Inheritance

goal-based investment, it will be easier for us to identify a need, so that we can make an optimal allocation of fund storage to achieve the desired target.

In addition, we will be more motivated to achieve our goals because we can measure the progress of our investment, and most importantly, we can see the timeframe so that we can remain calm, patient, work as usual and panic free, which are all ingredients of every champion.

A successful investor, it is not those who get big profits, but those who succeed in achieving the desired target, reaching the finish line.