I have a group of friends who are addicted to the rush of day trading and keep trying their hand at it. They sometimes make money, but inevitably they're telling me about how they ended up blowing it all or giving it back to the market.. blaming their misfortune on their mood, they need to improve their mindset, they had the perfect strategy but someone barged in the room (I kid you not, I've heard this)
What I try to remind them is that when you're day trading, you're engaging in an activity where only a small percentage are able to succeed in the long run and generate an actual income over the long run. I invite them to join me on the dark side of passive long term growth stocks, and they just look like me like I grew tentacles.
Most people over-estimate how much money they can make in a day, but greatly under-estimate how much can be made in 2-3 months. The gains they fought so hard to make over a few days and give bak the next week, my passive accounts accumulates wealth at a faster pace, following the same roller coster, just without me watching it or doing much.
With passive investments I can make 2-3% a week quite regularly, 10-12 % in a month pretty often and 30-50% within 6 months is routine in my portfolio, when you learn the method that I use, you'll see that It's really not rocket science, or anything special that I'm doing.
Many stocks in the market perform like, this, most people just invest like gamblers at the casino instead of making sound common sense decisions. I just understand how to cut through the noise and distractions to find the right investments and how to ride the market waves, making small adjustments every week to maximize my gains or minimize losses as they occur.
If you can make 50% a year you're a great day trader. This is usually someone who is watching the market all the time, studies a lot, does tons of research and reads books. They have multiple screens, complicated indicators and probably pay for advanced live feeds of market data.
I do none of that and my portfolio / returns rival theirs.
Just look at a few of the stocks I have in my portfolio
I my free Guide, I show you how to achieve the same results, what myths you need to expel from your mind and the 5 rules I follow that consistently pay me more than what day traders are making, with far less risk, ZERO stress and a fraction of the work.
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