Trading isn’t easy. Making and keeping money isn’t easy.
Don’t believe me — look at your bank account. And then figure out how much money you made last year.
Where is it?
Chances are you spent it on CRAP. Some bullshit things you didn’t need, and now it’s gone.
The stock market is no different. If you think you are going to come to the stock market, make a bunch of cash, and then save yourself from yourself, you are wrong. And — you are most likely fucked.
So get that out of your head, right now. That’s why I have this warning page up. The stock market is going to teach you a bunch of lessons before it ever rewards you.
Two of the biggest things you will learn are:
- The power of discipline
- How to be wrong.
Until you learn these things you will not make any money. In fact, you might BLOW UP one or more accounts. I have.
In addition to learning the power of discipline and how to be wrong, the market will also teach you —
- Respect for money
- Respect for yourself
- How to feel uncomfortable
- How to manage risk
- How to accept risk
- How to detach from your emotions
- What your emotions are telling you
- How you feel about yourself
- What your biggest weaknesses are
If you can’t learn these lessons, you will die. Plain and simple, your account will go to zero.
I’m not saying this shit to be mean — and I’m not making it up, either. If you want to get rich in the market, you are going to have to risk, BIG. And if you risk big, sometimes (most times) it’s going to hurt. A lot.
Luckily, we start with small accounts each year and that’s what we risk.
Yes, I have a larger account, but that’s not on display here. I start where you guys start. Every year. So if you are ready to go there — go there.
Just make sure you are prepared!