How long did this take him? 50 years?
How do I get rich from trading?
- Thread starter nwoptions
- Start date
How long did this take him? 50 years?
Just follow my trades. I'm damn good.
He was 32 years old when MW was written.
So it took him around 10 years give or take a few.
Like i said he must of been averaging 100%+ a year over 10 or so years.
Took me 6 months to grasp the concept, highly counterintuitive as you say, let's hope I learn how to apply it better than I did today before I run out of money.
The "how do I get rich quick?" crowd is the absolute dumbest of the dumb $, the greedy, lazy, instant gratification mentality.
The question you should be asking is how you will survive the long & brutal learning curve as an active trader when about 95% rinse out.
Wiser aspiring traders trade very small positions focusing on the processes of trading, not the outcome. They are extremely persistent & truly treat trading like a business instead of a get rich quick scheme.
They expect it will be rough for at least a few years & are willing to endure whatever they must to build an experience base. This is the right mentality.
Winning traders learned form their mistakes, it takes a lot of experience learned in stages separated by years to really get that third eye.
The question you should be asking is how you will survive the long & brutal learning curve as an active trader when about 95% rinse out.
Wiser aspiring traders trade very small positions focusing on the processes of trading, not the outcome. They are extremely persistent & truly treat trading like a business instead of a get rich quick scheme.
They expect it will be rough for at least a few years & are willing to endure whatever they must to build an experience base. This is the right mentality.
Winning traders learned form their mistakes, it takes a lot of experience learned in stages separated by years to really get that third eye.
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The only way someone turns $30k into $80 million is stupid luck with multiple black swan events. Like buying oil when it went negative. Or buying March SPY puts 30% out of the money in December then rolling it into TSLA $1500 calls mid march when TSLA was trading at $400 per share pre-split. Or even buying bitcoin in 2009.
After more than 10 years dabbling the market, here is my take. But I could be wrong.
1. Freedom to be your own boss. Wrong! The market is your boss.
2. My former human bosses are a lot better than the market.
3. What kind of a boss is the market ? It has eccentric, egoistic, and unpredictable character.
Very similar to a person with bipolar and schizophrenia. 
Nope! None of the stock trading book tell me about the true market character.
1. Freedom to be your own boss. Wrong! The market is your boss.
2. My former human bosses are a lot better than the market.
3. What kind of a boss is the market ? It has eccentric, egoistic, and unpredictable character.
Very similar to a person with bipolar and schizophrenia. Nope! None of the stock trading book tell me about the true market character.
Mad Az trader on YouTube might have the answers you seek. He’s looking to hit $100M or broke! All the $250k days he has seem almost unbelievable.
According to Marcus he just compounded the money at 100% per year. Takes about 12 years.
He was trading other peoples money. With his own money he was a terrible trader/investor because he was too emotional.