From Fake Riches to Real Investing: The Harsh Reality of Social Media Traders”

Often, you too must have seen videos of many traders on your YouTube channel or Instagram, who claim that they earn xx amount of money and they do this daily. If you also wish to participate, you can join our course by clicking the link below. Many people pursue these tempting courses and lose their money. Look, I will not say that everyone here is doing fraud, but most of the people are doing the same because look, if someone is earning so much money, then maybe they do not need to sell any course, or do they? (Have you heard Elon Musk and other rich people doing this ) They probably only need to sell a course when they don't have any money and want to earn money. You've often seen many influencers who make videos in big cars, only to find out later that these are rented cars; they rent them just to shoot videos. After making the videos, they share them on Instagram or other social media platforms, trying to show off how rich they are. If you want to be successful like them, then you should do what they've done. Ultimately, everyone comes up with some strategy, shares some course, or product with you, promising that if you buy it, you'll get everything guaranteed, and you too can live that lifestyle. They are selling you the dreams.

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Many people fall for their deception and then start taking similar steps, but by the time they realise it, it's too late. Many people on YouTube and social media platforms may seem like scammers to you. It's not that everyone is full of scammers, but it's becoming increasingly difficult to distinguish between scammers and ordinary people these days, and even those who genuinely want to help you can't sell their courses. They say that quality comes with wheat, and the same applies here. There are many platforms available these days where you can trade. Cryptocurrency is a different matter. If you're interested in the stock market, there are many applications available for trading. Every trading platform offers some rewards for referrals. I, too, made a decent amount of money on my trading apps some time ago, just from referrals. And I used all that money to purchase some stocks, which have yielded me substantial profits over time.

Easy(Fast) Money Trap :

Often, everyone wants to make easy money and get rich quickly. But often, we get caught up in such traps, which ultimately lead us into deep trouble, and then we realise the consequences only after a long time. Many people view the stock market as a gambling game. Everyone is simply ready to invest. People often choose which city is the cheapest, thinking they'll buy more cheap shares, and when the prices rise, they'll become very rich. Often, you should do some research on smaller cities to see why they're so low, whether they're at their all-time high or all-time low. There's a lot more important to know when investing.

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But often people forget these things and later complain about significant losses in the stock market. But consider your own mistakes, including the ones you didn't follow before investing. If you're a long-term constructive investor, then look for good large-cap stocks that can generate long-term profits. If you're in the market for the short term, you can also enter small-cap or mid-cap markets. Nowadays, there are numerous options available to earn money. Everyone's perspective is different. Some are short-term investors, while others operate with a long-term perspective, unfazed by small losses. Anyone who enters a field with a perspective buys major tips whenever they arrive and is always on the lookout for such opportunities.

Decide the duration :

Look, whenever you invest, you should prepare yourself by assuming that you are entering the market with a long-term perspective, not a short-term one. Accordingly, you should examine your stocks or buy them. Sometimes, we have to question stocks that are incurring losses so that we don't incur further losses. Many stocks in my portfolio are incurring losses, but their value is currently quite high. So, I am deciding to hold them, just waiting for some big news related to the particular sector to come, which will make me see a boom in the stock and then I can exit. Perhaps everyone is thinking the same thing.

Often, new users make the mistake of basing their trades on the opinions of various Telegram groups, Twitter handles, or other YouTubers. Sometimes they may be right, but not everyone can be right every time. Many Telegram channels that operate on YouTube exploit you for their own benefit because they have an audience. If they can generate even a little volume in a small-cap fund, they'll likely book their profits and exit. This has been seen many times. Finally, retail investors simply sit there, waiting for their shares to pump and exit. But sometimes, some stocks simply sit there, unmoved. So, you should carefully consider a number of factors and balance your portfolio. Avoid investing in a single sector. Doing so could expose you to significant risk.

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