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 adds up to 12x over 250 trading days a year; a steady 10% a month
adds up to 30x 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. Market opportunities have to be waited for; discipline is up to you. Don’t set your goal
as “double my money this week.” Set it as “make no major mistakes this week.” The money from the former comes from the market;
the ability behind the latter is yours. The market is open every day, but only those who preserve their capital get to keep playing.
What do you think? Share your experiences in the comments.