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Jul '24 (edited) • 📕Q&A
Almost all day traders are destined to fail
Because they are addicted to the get rich quick mentality
They are trying to turn 1k into 100k (100x return)
but the best traders in the world (like Warren Buffett)
make 20% a year, and that's WORLD CLASS.
The strategy for turning 1k into 100k (high risk big bets) vs turning 100k into 1M (low risk small bets)
is completely opposite from one another
which is why over 90% of beginner traders lose enough money to quit within 5 years.
What traders don't realize is 20-40% a year returns is enough to make you a MILLIONAIRE
If you have a <5% chance of turning 1k into 100k in a year
Then you have a 95%+ chance of turning 100k in 1M in 10 years
Beginner traders think in DAYS
Professional traders think in DECADES
So here at GWT, our ONLY focus is: Helping US traders with $100k+ in capital, compound to 1M by achieving consistent 20-40% a year returns on average with fully automated algotrading.
(And yes, the portfolio historically has averaged more, but I prefer being prudent than naive. The worst year they've had is ~30%)
Which allows our clients to replace their 100k+ salary with passive trading income, DECADES before everyone else working 9-5.
And ultimately get back their time, location, and mental freedom
and actually enjoy their life without the risk, time, or commitment of day trading
When you think in decades you reach your goals decades faster.
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Almost all day traders are destined to fail
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