24d • General discussion
Trading is a very emotional journey
Trading is an extremely emotional journey.
Anyone who see their net worth ticking up and down by the minute knows the stress that comes with it.
This is why it is important to focus - especially on the big picture.
Let's say you look at your portfolio on a monthly basis.
Thus, the monthly gain and loss is what's important.
So if you make
Week 1: +$10,000
Week 2: -$5,000
Week 3: -$10,000
Week 4: +$15,000
You will find following your system in Week 2 and 3 are very stressful because you are losing money.
But this month, you make a total of +$10,000.
So your mindset when it comes to investing is very important.
You need to know you have a clear edge regardless if you are making money in Week 2 or Week 3.
At the end of the day, your monthly gain is +$10,000
and the volatility of the gain is what really causes people to make mistakes
So even if I have a system that makes 30% per year, it is important to have the right frame of mind and focus not on the short term gains of the portfolio but the aggregated gain and loss (e.g. monthly or quarterly profit).
Here's the early Black Friday discount to join Investing Accelerator, where you get an interest-free instalment over 12 months & 33% discount off the regular price: https://5mininvesting.thrivecart.com/black-friday
After you join, you can schedule a free one-on-one call to ask any questions you have about your life, your situation and retirement. You can also use this call for technical support if you wish to have it later.
Cheers,
Eric
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Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
Founder of 5MinInvesting.com
In November, my goal is to help 10 people without a financial background to master investing through Investing Accelerator.
Investing Accelerator is designed for people without a financial background.
The goal is to achieve 30% return per year.
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Here's a step by step guide on how to join Investing Accelerator for free: https://www.skool.com/invest-retire-community-1699/how-to-join-investing-accelerator-for-free
If you are interested, then let's hop on a call to see if you can benefit from the strategies in Investing Accelerator and get 30% per year.
During the call, we will map out exactly how you can achieve 30%, what you are lacking, how you can improve.
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Remember to go to the Classroom tab for additional investing resources.
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Trading is a very emotional journey
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