It takes a period of 3-5 years to obtain a degree.
Gaining experience in a reputable 9-5 job typically requires 5-10 years.
To become a professional athlete, one needs to undergo 10 years of training.
If you don't achieve millionaire status in trading within 6 months, it's common for people to give up. However, it's important to recognize that patience and consistency are essential.
Trading is not excessively complicated, as it can be broken down into a few key components.
- Having an edge.
- Practicing effective risk management.
- Controlling emotions and executing trades.
It's crucial not to overcomplicate matters.
Your trading edge serves as your offensive weapon.
Risk management functions as your defensive weapon.
Your ability to balance these weapons, along with controlling emotions, is crucial.
Having a trading edge makes you a good trader, while skillful risk management makes you a great trader.
The capacity to control fear and greed elevates you to the status of a legendary trader.
A trading system allows you to generate profits, while effective risk management safeguards your capital.
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