There is no easy money in stock market
It’s really worrisome to know that many people are coming in the stock market for short term trading after this bull market rally. Came across many young minds who are ignoring their core competency and focusing on trading.
Don’t extrapolate post-corona market returns. This was aberration, abnormal, unusual. Its impossible to earn similar returns every year.
Focus on your core competency and career. Trading will ruin both your career and wealth
Music doesn’t last long. Invest in building your core competencies like programming skills or engineering skills. That will only help you in long run
I am very bullish on India but trading is not the way to play the India growth story. Only Investing can create serious wealth in long run.
Many are using weekly options and other derivatives instruments to make windfall profits. This is gamble. It can’t generate wealth on sustainable basis. One wrong trade can take away profits of 10 right trades.
Most of these new guys have not seen a bear market.
My humble request to all these new traders, please don’t sacrifice your jobs and core competency for stock market trading.
Stock market is an amazing place to create wealth by investing for long term. But If it’s used in a wrong way then history has examples of people
who lost everything in the market.
One cannot be billionaire by speculating. There is no trader name in the top 100 richest people in the world or in Forbes list. Intelligence is learning from others mistakes, learning from our own mistakes can be costly and time consuming.
Sorry for writing such a long thread but it was disheartening to see many people trying for easy money and I am personally concerned for their mental and financial health.
There is no easy money in stock market, people who have earned the wealth have slogged a lot.
Please sharpen your investing skills rather than trying your luck in trading…🙏