Thread by @team3dstocks

In terms of efficiency, it is my personal opinion that EVERYONE should LEARN how to trade. Everyone. No other skill (once mastered) can return as much capital, in as little time, and with as much freedom (no boss) & comfort (pajamas) than trading. But dont trade to be wealthy,

trade to be independent and self-sufficient FIRST. the problem is that everyone who starts trading wants to be filthy rich immediately & have a Lambo by next year. get the fuck outta here. That mindset is why so many traders oversize too early & blow up before mastering the skill

The key to make $1K, $5K, $10K, $100K a day etc first starts with MASTERING how to make $100, $200, $500 etc a day first. Meaning u will have to be ok with making pussy amounts of money for months FIRST, which wont happen if u have "lambo dreams", b/c u'll always be in a rush.

You have NEW traders who finally learn how to make $100-500 a day and think "ok at this rate I wont be wealthy, time to double/triple my size" and poof, they blow up & lose it all. All b/c they kept comparing what they're making now with what their absurd dreams are.

Think about how retarded you have to be to make $500 in less than 2 hrs of "work", less than 1 year into ur trading journey and think "that's not enough, i must size up now". many PHDs, lawyers, engineers etc dont even make that. But most new traders think "that's not enough"

So they end up sizing up faster than their amygdala & discipline management can keep up with and lose it all. Now back to working a 9-5 b/c ur bum ass was too impatient to 1) value what u first had and 2) take time to grow at the appropriate pace.

So conclusion, is trading a legit way to make $? of course. But only if u grow at the RIGHT pace. Dont think about wealth. Think about makin enough to replace a day job first. Wealth is just a side effect of slowly increasing size on something u already mastered

#BearTipOfTheDay