Can trading stocks achieve financial freedom?
I am more interested in this title, I believe everyone is very interested too, because no one trades stocks without aiming for financial freedom. Even though I torture myself for the sake of making big money, who would bother investing if not for making money? But I want to share a few thoughts on financial freedom.
Most people see me as someone who is financially free, but in their eyes, most tend to focus on wealth. But actually, I am still quite inexperienced, no financial freedom without money, but it will definitely come in the future, otherwise why work so hard, so it comes back to the title, what is financial freedom? Why do so many people aspire to financial freedom? Because having money can buy many enjoyable things? Yes!! But more people do it because they are not satisfied with their work environment or living environment, it's like that saying on the internet, when I was single and poor, poverty just meant the difference between eating steamed bread and steak at night for me, it didn't affect my happiness. But when I fell in love with someone, I deeply felt the sense of inferiority caused by poverty... And many more people do it because... work! Especially in Hong Kong, most young people enter society with dreams of success, but this society is really too harsh, talent goes unnoticed, no opportunities, no platform... not all strengths have a stage to showcase... the times really create heroes, so I am thankful here, where I have the opportunity to chat a bit and gain a bunch of like-minded friends.
So the root of financial freedom is to get rid of things you don't want to do, that's why it is said that people need to have a specialty, and that's why they need to study, because this is a threshold, even though I only graduated from a rubbish undergraduate degree, but I have been passionate about stocks for 10 years, and I have more confidence in stocks than financial research master students from regular programs, because the masters rely on experience, because with conditions, you can say 'no' to things you don't like! So many people want financial freedom.
Financial freedom is not just about money, spending money is fun, but the feeling of spending money is just a dopamine pleasure, with more you lose the excitement, unless you spend more money, even if you spend more, what brings you stimulation is just the material item and not the feeling of spending money, when you have bought everything then... and this is contradictory, how can you lie flat and earn a ton of money to keep spending all the time?? Impossible, unless you have a huge inheritance...
Before I turned 28, I used to say 'no' to any question people asked me, the question was, if you were suddenly given a billion dollars, or you won ten billion, would you take it??? I never hesitated to answer: no! Most people were surprised and asked why??? I answered: because... if you give me ten billion now, I would be useless... I would be no different from a waste... because... I don't have any pursuit anymore... because my current goal is to make money, not to rise to the level of saving people. Engaging in philanthropy, because money satisfies my desires, it fulfills ten years of my goal in a second, what meaning is there for me to continue living??? Spending money all the way, until all that's left is money?? Emptiness will come then...
Only spiritual fulfillment can prevent emptiness, so I always feel very happy, because I chose to do what I wanted, persisting all the way, even though in the first few years everyone around me objected, those who left, left, but once you succeed, everyone around you becomes nice, their words sound pleasing, but this is human nature, can't blame anyone, I live only for myself, for my family, for the people I love and who love me, others who don't like you won't accompany me in the second half of my life, no need to mind them.
So how much money does it take to achieve financial freedom? Actually, it will never be enough, because once you have 10 million, 100 million, it will be spent immediately. Then what about 1 billion or 10 billion? You must be dreaming if you think someone will give you that much... Even if you really have it, you will enjoy it for a few years and then lose it all eventually. Even if you start a company, invest, or do other things, you will still face other difficulties, because you are just an amateur, just like when you invest in stocks. Even if you have one hundred million as the principal, you will still lose it if you don't know how to trade, of course, this relates to your strategy. Some people can be very conservative, while others are more greedy and want to make ten times the profit (like me). Therefore, cognition and desire need to be matched. If you lack cognition and desire, you're done for; if you have great desire but lack cognition, you're done for; if you have cognition but lack desire, it's not a bad ending, you are a smart person, just stubborn. However, I have sufficient cognition and great desire. Damn, I'm in trouble too... How frustrating it is, do you think?... Since I started my company... Oh my... I'm also a beginner... and now you ask me if I want that 1 billion?? Yes!!!! Haha!!!! But I won't use it to fulfill my desires. Or maybe it's because I don't have strong material desires. I live a very simple life in terms of clothing, food, housing, and transportation. I still have a long way to go...
So can you achieve financial freedom? Are you entering the stock market for the purpose of achieving 'quick' financial freedom? Here comes another question: most people want to get rich quickly, I am the most greedy person, but the returns in the stock market always come with risks. This is an unchanging law! Why gamble if you know you'll lose? So, because of work and family conditions, most people simply cannot get rich quickly. You can only choose to gradually accumulate wealth. It's too simple to get rich slowly. First, improve your cognition. Then? Lower your desires and expectations, and you can enjoy trading stocks happily. It's a low point now. You buy, sell a year later, don't make a profit? Try two years then. Why? The value regains as time passes, that's a must-occur event unless the fundamentals change, unless you have a leveraged instrument with a time value. But don't forget, you are someone who accumulates wealth slowly, why the rush?
If you want to get rich quickly, do you need to have cognitive abilities and experience superior to everyone else? Can just any random small retail investor become wealthy easily? Then why have we been in the stock market for so many years? Only a lucky intelligent person, who happens to hit a skyrocketing stock and leaves the market, a combination of luck + lack of cognition + intelligence... lacking any one of these factors won't work. If you lack luck, it doesn't matter what you buy, you will end up losing. If you have cognition, you won't even buy it or you won't be able to hold it because it shouldn't last. If you're not intelligent, you may think you're making a lot of money, you will continue to buy, and then reality will show you that you're still just a fool. So, could it be you, the lucky, ignorant, and intelligent person? If yes, you wouldn't be reading this article.
Therefore, if you want to get rich quickly, you must be able to see each step of the price increase in the short term, exaggerate to the point where you can predict every step. This is about technical analysis, while those focusing on pure fundamentals can stand aside. No one can deny that short-term technical analysis rules, and long-term investment relies on fundamentals. I don't care who disagrees. Even the best stocks have down periods and the worst stocks have times when their technicals are strong. That's why I combine fundamentals as the base and use technical analysis for trading points, adjusting through position sizing. If you can't even do this, why dream? You don't even have the qualifications to dream... you're really just dreaming. Wake up... you can't do it.
Do you still want financial freedom now? If not, then get out of the stock market quickly, save a penny each day, and save more for your return home. If you still want it, even determined, come, charge ahead, learn, observe, practice, improve. Don't let others mock you, fight for it! No one can stop you, no one has the right to criticize your dreams or goals, only you know what you want to do, just do it! What are you waiting for? Change your destiny in this decade, brother! Living comfortably has no meaning, you can do that even at 60! Strive to enjoy and reach a million before 50!
$TENCENT (00700.HK)$ $BABA-W (09988.HK)$ $MEITUAN-W (03690.HK)$
$TENCENT (00700.HK)$ $BABA-W (09988.HK)$ $MEITUAN-W (03690.HK)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
只想赚个买菜钱 : I can't believe I finished reading tm. It was well written and poked my heart.
EUGENECP : Hi
Bull Run : We all become Filipino dishes.