You must do the research, you have to study companies, patterns, financial news (CNBC, Yahoo Finance, Benzinga, Reuters, and the Wall Street Journal, to name a few. If you're not willing to put in the work, then you will lose money.
The key is to create a sound trading plan — including price objectives, entry and exit points, risk-reward ratios, stops, information about historical price
levels, seasonal influences, government reports, prices of related markets, chart analysis, and so on. Once your plan is create, follow that plan.
Wall Street is not for everyone. Primarily, the way you nurture a relationship, is the same way, and more, the road to becoming a successful investor.
Bitcoin and Black America
https://www.amazon.com/dp/1079178090?ref=ppx_pop_mob_ap_share
A Beginner's Guide to the Stock Market
https://www.amazon.com/dp/1099617200?ref=ppx_pop_mob_ap_share
Investors have drawn comparisons between bitcoin and gold, viewing the former as a new digital store of value thanks to its limited supply — the total number of bitcoins that will ever exist is capped at 21 million.
JPMorgan’s own strategists say that bitcoin could rally as high as $146,000 as it competes with gold as a potential hedge against inflation in the coronavirus crisis.
Digital Gold
JPMorgan’s strategists said current bitcoin prices appear to be “unsustainable” unless the cryptocurrency becomes less volatile.
They added that their $146,000 price target hinged on bitcoin’s volatility “converging to that of gold,” which would likely take years to happen.
The bank has been making a push into blockchain technology with its own cryptocurrency called JPM Coin and a new business unit called Onyx.
The rise of digital finance and demand for fintech alternatives is the “real financial transformation story of the Covid-19 era,” according to JPMorgan.
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