As someone who has been actively trading (working on profitability) for 5 years this is an absolute must read. I’ve gone for the homeruns and unfortunately they worked back then years ago and reinforced horrendous account destroying behaviors. As time went on the one thing I’ve noticed is that when you focus on the process/execution the money comes as he said below in the article. I can attest to this as throughout my PNL it shows for a week or two at time where I did this and it changed my outcome/results significantly. Do yourself a favor and save yourself the bullshit of chasing the highs of getting that next big play, and get to work or get out of here because you won’t make it otherwise. Thanks @TheProfInvestor for the insight, it’s relatable and real.
“So you racked up $20,000 in credit card debt in order to raise cash for the $SPCX IPO”
“Yes Dave”
“At a $1.8 Trillion Valuation?!”
“That is correct Dave”
NEWS: SpaceX's IPO is about to turn a 27-year-old ship engineer into an overnight millionaire.
Maryellyn Musselman, 27, spent two years working on a SpaceX recovery boat off the Florida coast, the Wall Street Journal reports.
SpaceX gave her stock as part of her pay. In her industry, that almost never happens. She also used 10% of every paycheck to buy more.
She won't say how much it is worth today. Her plan is simple: use the money to start her own repair business in Chesapeake, Virginia.
She bought a little every payday and held on. Thousands of SpaceX workers did the same. The stock starts trading June 12.
"Mariners are not usually stock owners in their companies, they're not always under benefits."
Thousands of stories like hers cash in on June 12.