Everyone wants to double their money overnight, but the people who truly hold on to their gains in this market are the ones who “get rich slowly.”
Let’s do the math: earning just 1% a day over 250 trading days a year adds up to 12 times your money; steadily earning 10% a month
adds up to 30 times your money over three years. It may not sound exciting, but it has one remarkable advantage—it doesn’t depend on luck.
Doubling your money depends on market conditions; compounding depends on discipline. You wait for market opportunities, but discipline is up to you. Don’t set your goal
as “doubling your money this week.” Set it as “making no major mistakes this week.” The money from the first goal comes from the market;
the ability to achieve the second is yours. The market is open every day, but only those who protect their capital are qualified to keep playing.
What do you think? Share your experience in the comments.