If you are going to deal with contracts in this life, starting to play from your student days is much more cost-effective than starting in middle age.
1. Lower learning costs
When young, the brain is sharper, and the speed of learning new things and understanding complex concepts (such as leverage, liquidation mechanisms, funding rates) is faster. Even if you lose money at first, the speed of recovery and iteration is also faster. In middle age, the cost of learning new skills and the psychological pressure are much greater.
2. Stronger risk tolerance
Young people have fewer burdens, such as mortgages, car loans, and family expenses, so even if they encounter a liquidation or loss, it won't have a fatal impact on their quality of life. In contrast, middle-aged people bear more responsibilities, and once they face liquidation, the impact is significant, and the pressure is overwhelming.
3. Time compounding
The earlier you become familiar with the market and refine your trading system, the longer the time you accumulate in the future. Even if the first few years are unprofitable or result in losses, as long as you continue to optimize, the opportunities to make money later are far greater than for those who only start in middle age. In financial trading, time is the most important friend.
4. Better psychological resilience
Experiencing a few boom and bust cycles when young makes it easier to establish the right mindset, such as: accepting losses, controlling position sizes, and adhering to long-termism. Those who start in middle age are more likely to enter with the anxiety of wanting to make a comeback, leading to impulsive decisions.
5. Stronger ability to adapt to market changes
Market styles are constantly changing, and young people who engage early have a strong adaptability to changes; whereas middle-aged newcomers are more likely to have fixed mindsets, and when faced with sudden changes (such as macro policies or changes in the trading environment), their adjustments are slow.
