Statistically, if you try to mirror someone else's path step for step it probably still won't work out for you
Timing, personality, luck and overall situation play major roles on your journey, study, fail, adapt, you vs you
Kevin Warsh just ended his first ever FOMC meeting as Fed chair.
His message to markets: "I can't give you any guidance on what we're going to do next."
Here is what he said:
1. Inflation is still way above the Fed's 2% target and prices are too high for most people
2. "We will fix five years of misses on inflation", he is directly saying the previous Fed failed
3. The Fed will no longer tell you in advance what it plans to do with interest rates
4. He watches stock market prices more than anything else when making decisions
5. Interest rates are hurting the housing market but are not slowing down financial markets
6. All 19 members at the table agreed not to raise rates today
7. The 2% inflation target is not changing
8. He refused to say whether bond yields rising after today's decision concerns him
9. He refused to say whether he has spoken to Trump since becoming Fed chair
Under Powell, the Fed always told markets what was coming next. Under Warsh, that is gone.
The way I struggled to understand ICT concepts by watching hourly long videos and taking upto 4 months daily routine on charts you don't wonna call it luck when I get rich
@DrWhiteW The biggest mistake you've done is trying to seek validation. Let the doubters and haters do the talk, you do your thing. You don't need permission from anyone to make money in any way you want. Make money in silence, let them criticise you coz that's what they're good at.
Lets assume Elons father had a networth of Kes 1 Billion. Elon has achieved a Nw of Kes 130 trillion. Thats a multiplication of 137,000.
Meaning if your dad was poor and was worth Kes 10,000 and you applied same multiple, Your networth would be Kes 1.37 Billion.
Still impressive