A troll sent me a comment about an earlier video where I applauded making 5% in a stock after holding for a month.
The troll wrote, "I do not see why you're so satisfied making 5% in a stock after holding it for 4 weeks. Ohhhh... big bucks, don't spend it all in one place."
Worn out cliché aside, this troll has to learn an essential fact about investing.
This is not Hollywood. Stock trading, I am talking about true profitable stock trading is modest gains day in and day out, week in and week out, month in and month out, year in and year out.
Whatever false belief Hollywood has placed in your mind about the esteemed and exhilarating life of being a stock trader, you must let it go.
You aren't going to become wealthy by finding the next Target or Microsoft.
You need to stop trying to hit a home run with every stock you purchase. Just focus on getting a base hit. How's that for a worn-out cliché?
Back to the troll that was making fun of my 5% gain in 4 weeks trade.
Let's do the math. If you start out with just $2,000 in your trading account and make a 5% gain a month, in 1 year your $2,000 will turn into $3,200. In 4 years, your $2,000 will turn into $13,107. Actually, starting out with $2,000 in your trading account, if you make just 5% a month, your initial $2,000 will turn into $2.3 million dollars after 15 years!
With the video below, I pwned a troll while teaching a significant lesson that I believe will help you in your stock trading.