This guy just passed $8 million in profits https://t.co/rlrTlj38qP and yet I see more views on piece of shit videos from newbies who can't even show all their trading details...study the fuck up already, so sick of all the fake scumbags in trading these days
How long does it take to become profitable?
First, you need to define what profitable is.
Most traders could EASILY be profitable going for 2% a month while building an amazing track record
However, 99% go broke because they believe profitable trading means making 300% a year
A Healthier Approach To Trading in 5 Simple Steps.
1. Follow your plan.
2. Focus on process, not outcome.
3. Work smart (limit screen time, use contingent orders, etc.)
4. Worry less; think positive.
5. Exercise and meditate daily.
Here are a few excellent non-trading books that still had an impact on my trading:
1) Thinking, Fast and Slow
2) The Selfish Gene
3) Fooled by Randomness
4) Antifragile
5) Blink
6) The Blind Watchmaker
7) Talent is Overrated
8) Beat the Dealer
If I had a chance to relive my entire 44 year trading career I would divert my trading profits into:
1. Income producing real estate - 33%
2. Blue chips with no debt - 33%
3. Growth companies - 33%