Recently, we published two shorts. “PART 1 – Learn Your Craft” and “PART 2 – Learn Your Craft“. We made the analogy between being a Competition Jiu-Jitsu player (serious Asset Management Firms) … and that of an Athlete, or what some call a ‘hobbyist’ (at home self-directed retail trader). We stressed that you had to be serious about trading, and not be lackadaisical, however serious you wish to be. We then had an addendum to Part 2 … namely … “Part 2-b on Record-keeping“.
We are now having another addendum to “PART 2 – Learn Your Craft” by expanding on the topic we covered in the last entry.
If there is a PLAGUE on the younger generations at the current time? It would be FOMO and YOLO. Those two concepts are literally destroying the younger generations longevity in markets. If you want to learn this craft … this skill … and take it seriously?
You need to learn to have reasonable performance expectations.
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