When Buy, hold & forget is not always so bad after all
Yes yes I know it's that Alex Becker again with his usual vulgar ridden intros with me once again trying to get you to look beyond his offensive style to the deeper content he wants to share with you. I can merely convey the point across in yet another long winded comment I wanted to make under his post but decided to post it here instead in my mini space;
While I wish I could finally learn and master day and swing trading I have great difficulty sacrificing more valuable life hours living offline, offscreen, outdoors connecting physically face to face with real people in the real world. If it involved a limited amount of time of sacrifice, great, but based on the millionaire traders I am observing I have to pose the question; How much is enough? (I know this does not necessarily apply to all traders where many have mastered any addictive traits and with discipline and consistency limit their trading to a small number of hours everyday or to just a few days a week. That is the ideal scenario in my mind.)
But the fact remains that the best traders never seem to stop trading. The sacrifice, determination and drive that got them to their current level … refuses to let go ….. and keeps them trading with the same passion and intensity as when they first started with their first 10,000$.
Maybe it has nothing to do with the money itself and more to do with the kick and vibe they get in the act of trading itself. A passion that they are willing to put above everything else in life including sacrificing valuable time that could have been spent with those closest to them.
Yes they are making incredible consistent gains week in week out with a net worth to prove it but there is always a price to be paid. One of the top traders I know is glued to his charts virtually every weekend in preparation for a new week. My gut feeling is telling me that later on in life, looking back, drowning in his own wealth, he will finally wake up to the realisation of irreplaceable losses he incurred on his path to financial freedom. Losses that no amount of money can ever buy back. That lost time that could have been spent with those you love in its simplest and purest form that cost little to no money.
This is in sharp contrast to Alex's supposedly simplistic ‘buy & hold’ bet. (I won't even call it an investing strategy so as not to offend the elite traders and investors out there).
Anyway, I prefer for you to hear it blunt and raw from the man himself. Cardano holders and others that do not appreciate his typical profanity ridden intros can always fast forward to the 4:00 minute time stamp.
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