I just calculated with a calculator, with a principal of 10,000, earning 10% on the principal every month, in 60 months it becomes 3,034,816!
Of course, some friends might say, how could you earn 10% every month! However, as an experienced trader, as long as you have the patience to wait for high-probability resistance and support levels to take action, earning 10% in a month is quite simple! Even if you occasionally don't make any profit for two months, just break even and extend for another two months! Sometimes you might even earn 20% or 30% in a month, which is equivalent to completing two or three months' worth of earnings in advance!
First of all, 10,000 yuan is an amount anyone can afford to lose; even if you lose, it won't have any impact on your life! 1: It can train your execution ability and patience! 2: It gives you a sense of hope! Saving 3.03 million through working or starting a business over 5 years is quite difficult!
Of course, success in anything cannot be separated from: the right timing, geographical advantages, and harmony among people; it also requires significant volatility for the market to move!
Look at the long term; considering you are 30 this year, you can live to 70, and you still have 40 years to play. Why should you care about immediate gains and losses and be eager for quick success?
The financial market is always there, and there are many opportunities; the most fearful thing is losing the principal, as you'll never get another chance! Ordinary people are least lacking in time!
After all, 99% of retail investors who play for 5 years end up losing money overall, and they lose quite badly!
Thinking back carefully, many of the things Buffett said are profound truths; no one wants to become rich slowly!
No one wants to be a friend of time!
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