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Re: blindman28 post# 80617

Thursday, 12/03/2020 6:11:18 AM

Thursday, December 03, 2020 6:11:18 AM

Post# of 113912
The secret of wealth building is consistency. Nobody can be consistent hitting homeruns. If you try to you'll be kicked out of the field. Period.
My philosophy is to be happy at the end of the trading day if i simply didn't loose money.
You're running a marathon here not a sprint. I've been trading since 2007 and I often remind myself that if I had just bought the DOW index in 2009 and waited 11 years without trading anything it would have been a five bagger. Needless to say I made much less money than that in these 11 years. Compounding is the key, not homeruns. You need to control greed and emotions. They are the main destroyers of wealth. Getting rich is a slow process. As long as you don't internalize this concept, you'll be on the loosing side.

Good luck and remember that life is short and is so much more that staring all day at a bid and an ask.

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