There’s expenditure and there’s expenditure.
Let’s say you start some work. It can be market-related, for all I care. What do you do first?
How do you prep?
Studying up. As long as I can manage.
Courses, workshops, the deal.
Naehhh. I try to keep it national though.
Haven’t required it till now for market work.
Ok. What happens next?
I hit the market concerned. Low-key at first.
That’s when you make the most mistakes. That’s why.
I see. Motive?
I want to learn from my mistakes and not repeat them.
Rather than from an instructor?
Of course. This is the market, remember. This is about you. Not about the instructor. This is about knowing your own shortcomings related to a particular market, and about adjusting and fine-tuning yourself to the market to trade it optimally. This is about fitting the market concerned in a tailor-made fashion into your own life without disrupting your own life.
Wow! Well, then, congratulations. You’re a prime candidate for doing it the plain vanilla way.
Is there any other way to do it?
Oh, there’s the fancy schmanzy one.
Kindly describe it.
Well, it mostly entails unnecessary expenditure along with necessary expenditure. There’s more unnecessary expenditure though.
One is normally too lazy to study up. Or, one doesn’t have the get-go in oneself to approach the subject on one’s own.
Sure, can happen.
One flips from instructor to instructor in search of the holy grail. Expensive software, international trips, five-star hotels, the whole shebang. In the end one has spent a bomb. To end up trading the instructor’s perspective. Finally realising that the markets are about oneself, and unless one is trading one’s own perspective, one is sure to lose. Or not realising this (!) and continuing to flip instructors and instructions. Finally burning out and giving up on the markets.
Sad though. All necessary software is available free of cost on the internet. One can do inexpensive internet courses to widen one’s horizon. These can involve one-on-one instruction too. Video-conferencing. File sharing. Threads. Assessments. The works. Live-market training. You name it. All travelling and extra expenses cut out. Few hundred dollars for the whole course.
I already acknowledged your plain vanilla acumen. I’m just trying to tell you that most others prefer the fancy schmanzy way.
I prefer to stay in the market and not burn out. I’m in the market to make a steady income.
Well, that you will, my dear friend. The plain vanilla way doesn’t promise any hype, but it does promise income.