My Top 20 Investing Lessons For 2020 (WTM: 006)

I’m coming up on my 20 year anniversary from when I first started investing, so I figured it’s the perfect time to do a list showing my TOP investing lessons learned over the past twenty years…

And I wanted to focus on lessons that could be applied in TODAY’S markets since they’re always changing.

If you want the TL;DR the list is below, but I highly suggest watching the video or listening to the podcast so you understand all the nuance that comes with the lessons.

  1. Learn to survive first, then thrive.
  2. Start by mastering one thing (market, setup, niche).
  3. Compounding > fast gains.
  4. Scared money loses, always.
  5. Big gains come from anticipating, not reacting.
  6. Correctly sizing positions is key.
  7. Don’t chase the herd, but know when they’re right.
  8. Trade less. Profit more.
  9. Look for asymmetric risk-reward.
  10. Remove your ego.
  11. When building size, get comfortable feeling uncomfortable.
  12. Top-down analysis can remove guessing.
  13. Don’t let short-term goals drive decisions.
  14. Have non-market related income sources.
  15. Health comes first.
  16. Losses happen, don’t let them define you.
  17. 99%+ of day traders lose.
  18. Don’t blindly follow a guru’s trade alerts.
  19. Show up every single day.
  20. Flat is a position too.

Links & Resources:

Subscribe To The Show:

Daily Dough - Become a Better Investor in 5 Minutes a Day

Bite-Sized Servings of Money Wisdom to Grow Your Dough

Join Our Community

Get "Do This With Your Money" Book!

FREE trial of Ycharts

Save 10% On KoyFin

Join Exploding Topics

2024 Recap & Planning Next Year’s Moves (WTM Ep. 158)

https://youtu.be/SPhfm3roQDQ?si=z8mooaCt729ba7hx After a massive year of gains in 2024, we’re planning our moves for next year… And wanted to review our biggest gains, losses, and lessons of 2024. In This Episode, You’ll also learn: Where are we in the bitcoin cycle?...

Why Are Markets Ripping Before The Election?! (WTM Ep: 153)

https://youtu.be/thuzhRHXsGI?si=CBdD2fnCdMoCkcF0 Stocks, gold, and bitcoin sitting close to all-time highs right before the US election… But analyst have been warning of a recession and market crash for months. So, why are things getting “frothy” now? In this week’s...