Learn how to live less with more

Ok, you don’t need one million dollars to trade for a living.

Alternative, you can live in semi-frugal lifestyle and you will need half million dollars only.

You get to learn how to live less with more.

Less material desire and more spiritual fulfillment.

Once your capital is below 500K, it is extremely difficult to trading for a living because your annual income could be less than $35K.

Less than $35K per year is not going to lead you to live very comfortable life in Sydney

Once you are ready, you need to face following challenges as well:

1.There is no consistent monthly income. Get real, it is not a paid job from 9 to 5, the market doesn’t give a shit how hard/easy you work on investing. You need to follow the Mr.market in order to be rewarded.

2.You cannot spend all of your profit. You make $35K from your investment capital $500K, it doesn’t mean you can spend all of $35K. WHY? Back to the first rule, you won’t have consistent monthly income and you get to prepare for rainning day.

3.Your strategy will fail at some point in time. There is no one strategy fit in all market timing. Every now and then, you will experience the drawdown for a long period and you get to hang on it.

4.Patience. Once you turn yourself into a full-time trader, it is actually quite easy to lose patience and overtrade. It will not only kill your trading strategy but also destroy your bank account.

Sound like not fancy and rosy, right.

Welcome to the trading reality!