17
2024/10
Want to become a consistently profitable winner ? Three key conditions are essential !
To become a consistently profitable winner, three conditions must be met: financial intelligence, financial luck, and financial control.
People often ask me what it takes to become a long-term, consistently profitable winner. My answer has always been three things:
- Financial intelligence
- Financial luck
- Financial control
Over the years, I’ve been in the trading community and have met many skilled traders, and I’ve observed that these top traders all possess these three traits. Whether it’s stock trading, futures, or forex, it’s all business; it’s just that the business is done through electronic platforms. In the financial market, every investor is like a business owner, big or small. Haha, traders in front of the screen, you’re all business owners!
But, like in the real world, some business owners succeed, and some fail, whether online or offline. The successful ones thrive and make continuous profits, while the unsuccessful ones consistently lose.
So, not everyone can be a profitable business owner. Only a small percentage of people can make money, while most people’s lives are more suited to hard work or employment. It’s important to know your own limits. A successful trader is like a competent business owner. They become winners, making many times more money than the average person because they possess the three qualities I mentioned.
If you want to stand out in the financial markets and become a winner, ask yourself if you possess these traits. If you do, keep going; if not, you might want to reconsider and find a different path.
Financial Intelligence
What is financial intelligence? It’s your natural ability to understand money. You know the essence and rules of how money flows, how it comes and goes, circulates, and how to keep it. Trading is the same—you understand the essence and nuances of trading, know how to identify advantages, find opportunities, and design a process to profit from them, and you understand how to make money compound.
Whether or not someone has financial intelligence depends on two factors: talent and environment. Some people are naturally talented in business, learning it without formal education. For example, I was bad at everything in my early years working regular jobs, but I excelled when I shifted to business and financial investments—that’s talent. However, the environment can also nurture financial intelligence. For instance, people from Zhejiang generally have high financial intelligence because their culture promotes entrepreneurship. Locals would rather run a stall or be a business owner than work for someone else. In Zhejiang, every household runs a small workshop, and everyone is a business owner, while the workers are usually from out of town.
Financial Luck
If you want to make big money, financial intelligence alone isn’t enough. Financial intelligence allows you to be self-sufficient and better off than average, but if you want major success or become extremely wealthy, you need financial luck. Look around—most small business owners have decent financial intelligence, but few grow large because they lack financial luck. Financial luck refers to riding a trend, being in the right place at the right time, or, simply put, a stroke of luck that brings in a lot of money.
For instance, if Jack Ma were to start over as a 20-something today, he’d likely just be an ordinary small business owner. His immense success is largely due to the financial boom that occurred in the late 1990s.
Similarly, my own success in trading isn’t just about my skill; I’ve benefited greatly from financial luck. I experienced three major “black swan” events that dramatically increased my profits multiple times over. If I were to start trading again from my twenties, I might not end up with the same results.
For a small percentage of people, life presents just two or three major opportunities to make a fortune. Miss those, and they’re gone. However, the majority of people live their entire lives without ever experiencing such luck—they remain ordinary, albeit intelligent individuals.
Financial Control
Financial control is the ability to manage money effectively. If you have money and you invest it but lose it all, that means you lack financial control. You might have good luck and make a lot of money, but if you get overconfident and invest recklessly, only to lose it all, that’s also poor financial control.
If you can’t keep your money or manage it wisely, even a large fortune won’t last. This is why you often hear stories about once-rich individuals who eventually become poor again.
Over the years, I’ve seen many traders make huge profits at certain stages, only to lose it all later on. This is because they lacked financial control.
The market has plenty of “stars,” but it lacks “longevity stars.” Even sadder is the fact that most people never even become “stars,” let alone “longevity stars.”
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Note: Trading financial products involves high risks and may not be suitable for all investors. Please ensure you fully understand the risks and implement appropriate management measures.
