Trade The Journey

Trade The Journey

Moving at a Turtles pace!

Top of the morning to you.

Hopefully, you and your family have continued to take preventive measures against contracting the Coronavirus. Strange times we are in, indeed. Common sense, once held as the ultimate compliment, is now commonly disregarded for assimilation.

For the first time in my life, the effect of capitalism is front and center for all to see. The blue-collar workers must reenter the workforce at the risk of contracting the Coronavirus. The government issued a one-time payment of $1200 to its citizens while providing billions of dollars to corporations and industries.

These corporations needed funding because they are responsible for supplying millions of jobs, products, and services. Consumer sentiment is the determining factor of success for the US economy.

Amid the greatest bull run in market history, corporations begin a stock buyback program. Many companies used excess liquidity to do so, and when the downturn occurred, they needed funding to cover their shortfalls.

In all honesty, no one could have predicted the Coronavirus’ devastating effect on industries. It caused a disruption to the world economy on a scale never seen before. Many doctors see a second wave coming, but most people don’t care and want to resume their normal lives.

There are so many sides to this story that each side could appear valid to the person looking. What makes this Virus so scary is that the divide in this country became deeper. In the past, unity was the prevalent feeling we are shared as we worked through a national tragedy.

The most disconcerting part is that while we bicker, other countries have continued to progress both technologically and economically. The key to the growth of a nation can be found in education, innovation, and infrastructure.

 

With states reopening, we have unwillingly become part of an experiment that future generations will discuss in History class.


Around four years ago, I embarked on a journey to improve my lifestyle by building my financial foundation. My goal was to have the skill and knowledge to read an annual report cover to cover. A month ago, I accomplished this goal. At the time I believed a successful investor or trader earned a return with their gut, meaning they relied on their intuition.

Stock intuition is what I call it. Over time and several reports later, I found each reports’ workload increasing as I begin to learn more. When I learned more, I had to consider more.

I assumed that by now, I’d be basking in the glory. Instead, I find myself in the same dimly lit room rediscovering the challenging reality of successful investment every day. The same anxiety-filled questions that arose as I begin this journey remain present.

Will I make it?

Am I wasting my time on a dream?

Less than 10% of traders can earn a full-time living trading. How likely is it that I would become successful trading?

 

A 10% chance with the opportunity to join the status of wealthy

or

The 90% chance to earn a reliable and stable income working for someone?

 

In one reality, the odds of becoming successful almost mirror that of winning the lottery. Its a slow grind learning the different chart patterns, completing the fundamental analysis, and assessing the macroeconomic environment.

The other reality, a mirage of stability that comes with a paycheck, health insurance, and retirement. The tradition of stability and reliability has permeated the middle-class and is passed on like generational wealth. Truthfully, I respect the path and with the right industry selection, the middle-class will still exist.

Everyone mentions the stock market as a means of acquiring wealth. Often I see social media posts detailing the profits earned in the stock market, and I wonder what I’m doing wrong.

I’ve yet to see my cup runneth over, and besides the small success, I haven’t been as successful as I would’ve hoped. Some readers may remark that social media posts are often false, embellishing the truth.

However, I do believe people are earning profits as the stock market has slowly crawled back from the losses in March. Most stocks have advanced as states continue to reopen, and people remain hopeful of a vaccine.

 

The subject of my post is Turtle Speed, which is the speed I feel I move at. I see people moving fast, speeding past me toward marriage, families, success, and homeownership.

The pressure to switch, to jump in the fast-moving lane can be hard to resist. Day after day, brick after brick, I continue to build a center of gravity. This center will remain strong through national disaster, economic challenges, and the changing environment of employment.

It can be hard to stay true to your journey when to the right and left of you, people move with such speed from dream to dream.

 

“It takes a real special person to grind and get it slow.” – Jay-z

 

It may seem as if I am speaking to you, but I am talking to myself. We all get tired and weary on our journey, and sometimes we have to hold council with ourselves.

Time and money are what investing is all about. Learning how to manipulate time and money is at the root of successful investing. The best investors know how to make time work for them. They understand the proper time to enter into an investment and the right time to exit. The better you are with the time, the more complex and lucrative the investments become.

And money because it takes money to make money.

So don’t waste either.


This past week:

Employment levels remain a sore point for the US Economy. Unemployment claims continue to rise and will rise further as technology continues to uproot the traditional job. Everyone has felt the effect of an economy significantly weakened by the Coronavirus.

Earlier this week, my car wouldn’t start, and just like that, a $500 car bill awaited payment. I wasn’t upset but a little angry that I hadn’t fully understood the car’s maintenance requirements. I paid for this lesson monetarily.

I am thankful that I have been blessed with enough to put aside. Many families haven’t been so lucky.

Besides the surprise expense, I have remained watchful of my expenditures. I have continued to mimic Warren Buffet by accumulating a cash position.

 

This past week deserves the grade of a “C” for steady improvement.

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