[8/11] The most successful trading technique
▼THE GREATEST AID TOOL FOR TRADING※Apology and Correction
I know the strongest and greatest trading aid tool.
It is not something you purchase as a paid service.
It is not automated trading or a paid salon.
Especially, do you think we traders would develop something as convenient as automated trading?
If that technology existed in modern times, would all of us traders desperately engage in discretionary trading?
That aside.
The greatest trading aid tool is something close at hand.
That is,creating an environment where you can earn income other than trading.
What must not be done is that to earn with discretionary tradingthe article from yesterdayexplainedhaving a攻略法 (strategy/approach) is an absolute condition and the only method.
If you have income outside of trading, what happens is, remarkablyyour income increasesas a result.
Even if you don’t win in trading, or if trading doesn’t occur for a month, income will come from that other source.
If you think, “What is he talking about?” your goals may be misaligned with mine.
I do not necessarily have to earn from trading.
I am simply choosing trading because it happens to be convenient.
If there is a more efficient way to earn, I would devote myself to that.
I think it would be ideal to build a large company like Toyota or SoftBank.
Simply put, in my life I have not yet found anything better than trading.
Anyway,my mission is to obtain a large income efficiently.
▼Portfolio = The Great Operational Art
There are things to be mindful of when you have other sources of income as well.
No matter how much time you invest in planning, if you use the wrong strategy you will be defeated.
In life, formulating a plan with a wrong strategy is absolutely not acceptable.
This is the攻略基盤 (base of strategy) I consider as follows.
① You are one body, so there is one or at most two income streams that convert time into money
② Have multiple methods to earn income in several genres using non-time-based rewards
③ Possess other assets (financial assets, intellectual assets, human assets)
In my case
① I work about 1–2 hours per day, four days a week in FX trading.
Writing activity, while not a direct income source yet, is also time work, so it fits here.
② Corporate officer remuneration, real estate, arbitrage, angel investments, etc.
Because it is not time-based work, I can hold multiple incomes.
Basically I will strengthen these and keep adding more.
③ Things that secure my livelihood, wisdom and experience to adapt to the times, trustworthy companions.
These are tested in emergencies, and with them you can keep creating the next things.
I am currently building these as well. I see them as the footprints of my past activities. It cannot be built instantly.
As such, forming assets is said to be the most correct approach.
If you can choose the contents wellthe failure rate is very low,making it a high-win-rate method of operation.
I think everyone has the desire to win in trading.
If winning in trading is the goal, that is fine, but if the goal is to live a wealthy life, please be mindful of asset formation.
A former friend and I were lectured by someone to quit gambling (FX).
I’m not living solely on FX, but I realized for the first time that people around me perceived it that way.
From my perspective,in a changing world, the mindset of earning from a single income source or a single employer is like gambling.
Of course, I also see people who live solely on FX in the same way.
I know people who trade to make a living, but there are no full-time professional traders among my acquaintances.
▼Eggs in One Basket…?
To build a portfolio, you need to generate cash flow and cash.
When generating cash, if you try to handle too many things at once from the start, things won’t go well.
There is a saying in investing“Don’t put all your eggs in one basket”, but this isa discussion about the stage when you are about to build a portfolio.
Until you reach a portfolio, there is no need to gaze around aimlessly.
If you scatter your efforts and think, “If only one of them hits,” you will end up with mirages in the desert.
Fully focus on the most capital-efficient actions for yourselfand“put all eggs in one basket”is necessary.
You may change jobs, or some may start a business with their own skills.
There could be a era where I throw myself wholeheartedly into trading as well.
That depends on the person.
▼Summary
I have a NEET friend from childhood.
His father once said:
“If Shogo-kun’s son is a boy and is over 30 and doesn’t work and just sleeps at home, what would you think?”
What would you all think?
Many would want him to get a good job, or at least to get employed.
However, I replied, “If that’s the friend’s own will and the parents can’t persuade him, I think that’s fine. And NEETs exist in many households anyway.”
I don’t have the luxury to let money sit in banks or a chest like a NEET lifestyle.
We are barely making it by working together.
Money has no will. It is the owner who provides many work opportunities.
I don’t have children, but I am (seeking a girlfriend).
For my children, of course, but even more, I want to teach them to make money work for them (seeking a girlfriend).
Because money has no illness, no complaints, and no sleep deprivation. There is no worry about harassment at work.
Rather than having my own child work, that would be far more efficient and safe.
If I were to teach that proudly, I must first become a solid player myself.
I dislike teaching by pretending to be winning (I’m seeking a girlfriend).
If this way of thinking spreads to many people, I feel my circle of friends will grow too.
Thank you for reading to the end today as well.
If there are any points you don’t understand,
Please feel free to talk to me.
