I've been analyzing the stock market for 50 years
I manage billions of dollars
and I'm an expert in macroeconomics
Here's exactly what will happen from here with the Iran situation:
I have no fucking idea
if I would name only one thing that trading me realize, then I would say that it taught me to think in probabilities
you can never ever guarantee something except death, you can only approximately calculate its probability
putting myself among winners makes my probability of becoming a winner higher
locking myself in library makes probability of reading something also higher than if I was in my room even if I had some books nearby
working out consistently makes cancer risk probability lower etc etc
so, if you want to achieve something, just put yourself in such an environment when there is no option except becoming someone you want
and then
success is inevitable
@skumWgmi trying to get rich to feed your family, support them and give them safety is a healthy motivation and not a greed
hope you will achieve what you want man
the hardship of traning personal traits > the hardship of knowledge
do you know why dedicated, focused and disciplined people achieve their goals?
because they already achieved everything that is required for success, I'll explain it, stay with me now
before I thought like:
"The hard part of everything is the knowledge being too complex and hard to learn"
but, then I started actually do things: study, learn more, make reseraches, dedicate my time to getting knowledge etc.
and, everything became so much easier
if I previosly thought: "okay, I need to learn how to code" and in my mind it was something very hard, but
then I started actually learning it and I understood that it is not that hard
and same process with every other skill that I learned
so, basically when people are scared to learn new things and scared that they cannot handle it, they are afraid of something that is NOT REAL
the only hard part is you doing actual work consistently
hard to wake up earlier, hard to sit down for several hours a day and dedicate your time, hard to stay consistent and disciplined
that's the real hard part
you is your biggest enemy and biggest friend at the same time
so, shift your mindset from "Im scared that coding/accounting/ML etc. is hard to learn"
to "It's hard to actually force myself to consistenly work on that, but I will do that"
and once you will train yourself the most valuable personal traits, then everything else is just matter of time
peace
Jane Street made $10 billion in trading revenue in a single quarter.
For scale reference- thats more than Goldman, JP Morgan, Citi, or Bank of America managed in the same period
They got banned from India’s stock market last year for manipulating a national index. They seized $570 million and called them “not a good faith actor that deserves to be trusted”
Today they’re being sued for insider trading that helped trigger the $40b Terra collapse.
And because they’re classified as a trading firm and not a hedge fund, they’re exempt from the disclosure rules that would force them to show you how they actually make their money.
This is also the firm that handles BlackRock’s bitcoin ETF, btw