During the last Eid shopping, I saw a trader friend begging his brother for a loan. He was making 50,000 per month but spending 65,000 on his lifestyle.
High income with poor money management is still poverty with expensive clothes.
Most people spend more time researching their next phone purchase than their next investment.
I have seen people who spend weeks comparing phone specs, reading reviews, and watching unboxing videos for a phone. But they'll throw their money into a trade based on a random tweet they saw 2 minutes ago.
The first time I hit an 85% win rate, I got so happy that I bought my mom a new phone. She was confused and asked why I was spending so much money on her when all I do is play games on the computer.
That's when it hit me that I still haven't figured out how to explain what I actually do for a living.
They teach outdated strategies, focus on get-rich-quick mentality, and ignore risk management. Real trading education comes from practicing with small amounts and learning from your own mistakes.
Peter Lynch said, "Time in the market beats timing the market."
People who bought Bitcoin in 2020 and just held it are still up 300% today, even after surviving multiple crashes and bear markets. Because they didn't try to predict tops and bottoms or trade in and out perfectly.
Your holding period matters more than your technical analysis skills.
Bitcoin dropped to $100k three times this week and bounced back up.
In trading, that's called triple bottom support. When a level holds multiple times, it gets stronger. Consider it your buying zone, not your selling zone.
Stop checking your portfolio every 5 minutes. It's killing your profits.
Set price alerts instead. Alert at your buy level, alert at your sell level. Then close the app. Watching charts all day makes you emotional. And emotions make you do stupid things.
I used to think successful people were born lucky or had secret advantages.
Then I started paying closer attention. They all had one thing in common: they started before they felt ready. While everyone else was preparing to prepare, researching the research, they were already failing forward.