All of a sudden I am no longer seeing discourses of becoming a full time trader or people sharing their monthly gains.
So let me share some quick thoughts before the weekend starts and hopefully it helps someone see the market from a realistic perspective from someone who has successfully been doing this transparently for years🧵
- The very 1st thing you need to realize is that your weekly, or monthly, 3 month, or even YTD gains are the most pointless things to show off. Even your next door neighbor will at some point have a great couple weeks in the market. I believe this platform has become too comfortable giving the “elite trader” label to just about anyone nowadays. Only thing that matters is who is growing a portfolio in their all-time timeframe
Just like any major sport, in order to be in the conversations of the GOATs, you need to be able to perform at an elite level every single season. There’s a reason why longevity and consistency regardless of conditions matters so much
- Secondly, your portfolio is no different than an ETF — a collection of stocks. If your portfolio’s price action looks like a chart of a stock that you would never invest into, then this needs to be changed asap. You must be able to comfortably be able to buy into your own ETF without the fear of getting liquidated overnight
- Lastly, if statistically the odds of being successful in the market are against majority of people, then you must understand that listening to majority of people is not going to help you. Be comfortable with becoming uncomfortable. Just because everyone is talking about one stock and not yours, does not make your stock any worse. Engagement on a ticker does not equate to higher success on that ticker in the future
This is all part of the game. In order to hit home runs, you need to maintain consistency and not get liquidated before the next home run opportunity comes
Get comfortable with the reality of the market and it’ll automatically make your decision making skills far superior than most.