I just searched almost an hour for something that an ET member said in a reply in a thread, but I couldn't find it. The thread, if I remember correctly started out by implying that trading is easy, even for those that never did it, and that the Starbucks server was saying to a fellow worker that they maid more money at day-trading than at work...I think that is how it went, I could be way off. Someone replied (or at least what I remember and is resounding over-and-over in my head) is "How are they going to handle when things go wrong" This is a pretty great statement that I have been using for trading and other daily interactions...It is in my head.... THINGS ARE STARTING TO GO WRONG, NOT AS PLANNED...HOW ARE YOU GOING TO HANDLE IT ?? Thinking it over-and-over elevates the thought to the top and makes me take action (as opposed to no action or the wrong action) Anyway...I haven't made a Million Dollars from it yet. BUT if it was you...Thanks !
%% Exactly; that + collect ETF sdividends. And if they stop paying dividends- that just confirms TSLA downtrend/GE DownTrend.LOL
Well they always have the Starbucks job to fall back to. This is why having a backup/secondary income in addition to trading is extremely important. Because when things go wrong, that's what they still have to live on.