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

This Market Is On Fire! How Far Can It Run? (WTM Ep: 166)

https://youtu.be/ZswSqILcaS0?si=AKkzwdAJzk6hSVdS Since bitcoin recently hit our multi-year target of $120k, people are asking… How much further can this bull market go? So in today’s episode, we’re looking at what caused the breakout and how crazy things could get. In...

How Screwed Are The Markets? (WTM Ep: 164)

https://youtu.be/ccuHrY8Bk7E?si=1K6fZUfhbqPY2Men We’ve seen the fastest selloff in stock markets since the covid crash… And investors are all wondering - “How screwed are investors, markets, and economies?” So, in this episode we’re walking you through the risks and...