Just got done with the final DVD in How to Make Millions. I took a little break in the middle of the series in order to watch the trader checklist DVD since Tim was very adamant about everyone watching that ASAP. So now that I have both of them under my belt, I'm going to continue by watching all the video lessons I can.
Despite several periods of frustration in trying to learn the material, I finally had a "eureka" moment near the end of the HTMM DVD. Early on in the learning process, one of the things I was told to look for are big percentage gainers, and I just now realized why, a month or so later. I picked up on short selling and how it works fairly easily, but I didn't realize until just now that looking for the biggest gainers is specifically for short selling. I feel pretty dumb to have taken so long to realize this, but at least I finally understand. I was trying to apply it to going long, but I see now that if you wait for it to spike like that, you're probably too late to buy.
I'm 35 years old. I'm not particularly good at anything. I'm just a regular guy with legendary patience, rock-hard resolve, and an extremely high tolerance for physical pain and mental anguish. On my birthday last year, I worked all day and stayed late to change two tires using a machine I didn't have much experience with. It took me over an hour to complete something that would only take me 20 minutes today. And I did all of this with a horrible cold and a massive headache. I didn't quit then because I knew it would eventually be over and that there would be some benefit to it someday. I suppose it also gives me a perverse sense of pleasure to be able to endure something like that where most people would give up.
More importantly, thanks to experience, I know that hard work does pay off. I also know that you need to be moving in the right direction with your hard work, or you won't really get anywhere. It's like the difference between a street bike and an exercise bike. You can pedal equally hard for both of them, but only one will actually go anywhere. Most jobs today are like the exercise bike. I'm suffering through the frustration of learning in order to get on the street and pedal to the top.
I'm still looking for a buyer for my old car. Hopefully by the time I sell it, I'll have enough trading knowledge to get started. If I'm still not comfortable, I'll just sit on it a little longer until I am. It's a shame to sell it, because considering the potential profits with Tim's system, I could have finally fixed it up into a proper sports car. I guess it's just another one of life's bittersweet ironies. Selling it really is the best way for me to get starting capital at this time. Besides, that car is one of the few things in my life that I have an emotional attachment to, and parting with it shows me I'm capable of making the right choices without letting those emotions get the better of me. The bright side, of course, is that if I eventually make it to 6+ figures, I could buy an even better car to get attached to.