Trader. Investor. Sharing high-value insights on trading, investing & mindset that'll 10X your financial and mental growth. Get psychology and money mastery.
before adding to a losing position ask yourself honestly - am I doing this because the setup improved or because I don't want to admit I was wrong? those are different trades with different outcomes
years in and I still check prices obsessively still question my exits still make emotional plays sometimes. there's no graduation where you just master this permanently
Elon Musk is about to become the first trillionaire in history and he can't spend almost any of it.
This is the part that breaks people's brains.
His net worth will cross $1 trillion when SpaceX IPOs on June 12th. But roughly 90% of that is stock he can't sell without crashing the price, triggering regulatory investigations, and losing voting control of his own companies.
He once said in a deposition that he borrows money against his Tesla shares to pay for basic living expenses. The richest man on earth takes out loans to buy dinner.
When he acquired Twitter for $44 billion, he had to sell $23 billion in Tesla stock over several months. Tesla's stock dropped 65% partly because of those sales. He made himself $100 billion poorer to buy a social media company.
His ex-wife Justine said something about this that stuck with me: "He doesn't think about money the way normal people do. To him money is just fuel. You put it into the rocket and it's gone. The point was never the fuel. The point was always the destination."
In two weeks he'll officially hold more wealth than any human who has ever lived. And he'll still be borrowing against it to pay for things normal people buy with a debit card.
The world's first trillionaire is technically in debt.
That's the part they don't put in the headlines.
years in and I still check prices obsessively still question my exits still make emotional plays sometimes. there's no graduation where you just master this permanently
@WifiMoneyPlant Many people in comments say your math is wrong, but it's the opposite, and that's why they are broke.
If you can understand this tweet, you are on the right path