2024-05-16 04:01:18
[The truth is: trading is a get-rich-slow scheme]
You’re probably thinking:
“Then what’s the point of being a trader?”
“No way. I want to make fast money so I can quit my job.”
“But I’ve heard of traders taking a few thousand dollars and turning it into millions.”
Yes, it’s possible to make big returns from trading in a short period.
How?
All you need to do is risk all your capital on one trade.
And if you get a 1-to-1 risk-to-reward ratio, you’ve just doubled your account.
So, what’s the catch?
It’s not sustainable.
Because if you encounter a single loss, that’s the end of your account.
So, how should you approach trading?
As a get-rich-slow scheme.
I know it’s not sexy.
But if you stick with it long enough, it’s possible to grow your account to 7-figures (and beyond).
Here’s how…
Let’s say you have a $5,000 trading account
You contribute $5,000 to your account each year
You earn an average of 20% a year
Now if you do this consistently for 30 years, do you know how much money you’ll have?
$8,278,170.
Yes, you see that right, $8,278,170.
In other words, when you think long-term, the sky is the limit.
Unfortunately, most traders are fixated on the now that they miss the big picture.
Don’t be one of them.
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