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This was a question that was asked to me on Quora ” What is it like to make millions trading?”. Below is the full question and answer. Also feel free to follow me on Quora here
Q: What is it like to make millions trading?
A: The short answer is that its pretty bad ass having a million bucks. Being able to buy just about anything you want at anytime you want it is a powerful feeling! However, once you actually get to a million dollars its not nearly as exhilarating as you think it would be. That statement may sound ignorant at first but let me explain.
If you are a trader who made a million dollars trough trading chances are you busted your ass to get to that level and along that journey you made more sacrifices, had more sleepless nights and cried like a little baby more times than you ever imagined. Most likely before you made that million you burned through your entire net worth and smashed your ego a few times just learning the ropes . Therefore, when you finally get to a million dollars your views about money take a back seat to your accomplishments and your overall body of work. This is why non millionaires have a hard time understanding why millionaires still get up and go to work when they don’t financially have to.
I can only speak for myself when I say I was more exited when I made my first 1,000 trading than when I made my first 1,000,000 trading. The reason is because when I made my first 1,000 my trading level was inconsistent and emotional and I didnt think I was capable of doing that so at that time I felt like I was bearing witness to a miracle! I was so excited I damn near broke down and cried. By the time I made a million trading I had so many battle scars and worked so hard to get there I sort of expected it and when that day came honestly, it was just another day. I didnt even go out and celebrate, I actually went to bed early and woke up the next day and went right back to work…business as usual.
Strange thing is when you become rich life takes on a deeper meaning and you realize that money isnt the only thing and true wealth is measured by the relationships you have built with family and friends. You are concerned less with what is in your bank account and more concerned with the legacy you will leave.
I cant say its that way for everyone. People who get spoon fed opportunity because of connections etc, probably have a different view point. But because may people obtain their wealth on their own merits through hard work and dedication they all share a mutual respect for what it actually takes to get to that level
Best of success to you
Doug
The original write up can be read here
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