Survived maybe not, made enough money to live 10 life times in luxury over the period and had a damn good life, ohhhh yes!! Everything fails eventually, we all die, just have some fun in the mean time.
No just assumed like he lived like a billionaire ( never spending any cause your crazy ) for many years, before eventually blowing up. Better to have have been rich than poor always, then yeah suicide when back to poor for defo.
Yeah I wouldn't use him as a life example. He was a degenerate but I bet he could have thrived with options.
Good point. I'm going through his book now and he said something profound that I've been thinking a lot about: "There's nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win." This was quoted after his 4th time of going bust.
If you are referring to day trading, optimally you want to be calm, focused, non-judgmental and in the moment. Non-judgmental means not having a bias but you follow a well tested trade plan with clearly defined signals and rules....signals which you take and rules which you follow. A regular meditation practice is an ideal way to help achieve all this. It's also an additional discipline which you will need plenty of.
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I think the ideal trading state is to trust yourself. Period. To trust yourself to follow your rules and your plans. You get there by practice and dealing with and healing the issues in the way (childhood trauma really). You stay there by doing the same thing day after day--following the plan. (Meditation, exercise, etc. helps) and not focusing on the money.