Staying motivated after success

We all know it gets harder the more you have.
Turning 20K to 200K is not as hard as 2M to 20M.

Personally if i had 2M to trade with i wouldn't bother setting a target like 10x in Y years. I would just take whatever the market gave me in PnL each month/year and be happy with it. Try and limit the downside obviously.
Which is pretty much what i do now but with a smaller account.
Right. The market allows what the market allows.

I never use targets, of any kind - per trade/day/week/month/year.
 
In 1999, I quit working for our government, had made/saved 3 million/plus trading account funds and bought 900k bus, after 6 months of driving around and 2 different girlfriends, one at a time, Except for trading on bus, I was hopelessly bored. Went back home, sold bus and back to trading, hired a small staff, developed more systems, traveled much more first class but fits of boredom comes and goes. Would take students, but the time to teach them takes so much time to learn to trade. Every couple years want to shut everything down, let go of larger staff, but then to do what? Trading is so boring, once you figure out the game...plus I don't want to learn more.

Just not motivated to trade or life, but been this way couple decades.... can't help you.
 
If one is truly successful one can always do better until one wins all the $ in the world, but that’ll never happen. Therefore, it’s not easy to get bored.
 
Do your students trade the way you do or they find their own trading style ?

Both, but beginning there are many many patterns and many stats they have to keep/remember. I only have 42% of them successful, meaning they quit their jobs, retired or worked cause they were able to do both. What I do know is if someone is over fifty years old, I can't help them to scalp, memory issues. And besides, many more wealthy traders do better at longer term.

Am on my very last guy am tutoring, I don't have the motivation or desire to teach any more.
 
Back
Top