≈ Without any exercise! ≈
If you opened this article in less than 2 seconds, that is the proof that click baits indeed work. We are attracted to them like flies are to pastries on a bakery store.
Before you ask, no, we don’t have a new Vegan Functional CrossFit miraculous prescription to teach you. What we are here to tell you is this: as it goes for your health, goes for your wealth. There is no magic formula to get healthy or rich in one week.
Still, there is a whole filthy rich industry out there selling both scenarios to us, every day. Thin and rich in one week. Massive success. They promise to deliver the results we want as fast as yesterday with little to no effort. The origin of this phenomenon is very simple: the vast majority of retail investors and traders is always searching for infallible plans—miracles—to get them rich as fast as possible.
We bring honesty to our students, though: there are no shortcuts. Grab Father Time by the hand and have a conversation. He was the one who invented the Exponential Functions. Embrace the depth of field of the long run by shooting for realistic returns over a large time span. With this mindset in place, the next step is mastering the Holy Trinity of Trading (Portfolio Design, Position Sizing, and Risk-Reward Ratio) and having a trading system.
We got you covered:
- The complete Holy Trinity of Trading series. Download it HERE.
- The complete System Development series. Download it HERE.
We don’t get fooled again.
Chart of the Day
And think and think and think…
One of my biggest hurdle during the first learning year or more; inaction, avoidance, paralysis and over-analyzing every damn thing. I may be slow, but still moving forward. Hope you guys had it better. Trust the process!Daniel Tsen
On March 5th, a member of our community, Daniel Tsen, posted this Garfield cartoon on the Clubhouse. This is how you get thin and rich in one week.
Video of the day
Trading Within a System
Coach T explains why trading within a system is so important.
Today’s line up
The Boogeyman Part II
We need to pay attention to when the shorter term bond rate gets a higher yield than a longer-term bond as this is not a normal condition. We saw that occur a couple of weeks ago. That is a sign that perhaps the economic situation is changing (…)
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