3309 Drysdale Ct
Edwardsville, IL 62025
If you want to get into investments. Find what your good at and
be passionate. There are many here that are elite at what
they do and my advice is stay focused on what you do well.
You can expand your horizons once comfortable - but stay in
your lanes first and foremost. I know my lanes and try to
stay out of the gutter - there are smarter folks out there but I
have learned how to succeed in this arena. Believe me when I
say there is a learning curve.
The best traders/investors I know understand probabilities -
they place their bets and know their time frames. I make
plenty of mistakes and there are highs and lows for sure.
Some are simply not wired to play this game and thus completely
rely upon 3rd party advisors (which is fine). Do what's right
for you. A hybrid approach is a good alternative.
Sometimes it's about seeing an opening and pouncing on it but
this requires conviction which comes from solid methodology and/or
due diligence. Even then, there will be unforeseen obstacles
(for instance Covid 19). They don't teach betting in CFA
level 4 - like good card players, there are times to press or
refrain. What tends to negatively impact my performance at
times is complacency (being human).
Sounds easy but we all know that there are nuances to
1. A Good Plan (most important) 2. Proper Tools 3. Mental
Preparation/Tolerance 4. Drive to Succeed 5. Times for patience vs
aggressive 6. Execute your plan precisely 7. Tune out the noise
See above sticky post how BPT can assist in this regard
(primarily with education and tools). One day you’ll
look back at the start of your career and be super proud of
yourself how far you’ve come.
Thank you for this write-up. Even after trading for many years,
this remains great advice for all not only the newbies out there.
awesome writeup! thanks for taking the time to write that up
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