Thread by @SalsaTekila

/1 🧵

Before I get a family, I didn't see the value in <not trading> the chop.

It made sense to just spend countless hours monitoring, and I did get paid every now and then. Although the time I put in was probably worth 1/10th of the bull run time I put in.

I did learn a lot.

I would spend my entire 2018-2021 glued to the screens, sleeping in my desk chair at times, either in a position or having a bunch of active orders.

I would dream of markets, never stop thinking of it.

I learnt the hard way the importance of surviving, did all the mistakes...

And some times more than once, and I would staple the mistake to my desk on post-its, drill those lessons into my brains.

Over sizing in low volume, FOMO, greed, trying to make losses back, boredom clicking, changing the plan, etc.

Great opportunities are rare, scarce, short lived.

March 2020 was an example: dislocations helped me multiply my net worth by 10X in 36 hours. It's one of the reasons I am comfortable financially today.

Missing out on one such opportunity is life changing, people don't see it.

The real key to financial gain in this market is ...

1) Survive.

2) Take opportunities when they present themselves.

Find a way.