By comparing yourself to others, you end up damaging your portfolio.
As you spend time in the market, you’ll inevitably meet friends, both online and in person, who are also investing and trading.
Subconsciously, you'll start competing with them, whether you want to or not. Some of them will outperform you, and you won't want to be left behind.
This may lead you to take on higher risks. After all, multiplying your $20,000 portfolio by 5x means an $80,000 profit, right?
That seems much better than a 5x return on a $15,000 portfolio because you withdrew $5,000 and saved it in the bank. In that case, your profit would only be $60,000 (or $65,000 if you include the $5,000 set aside).
But this mindset is a trap.
You’ll keep repeating this pattern—not just when you reach $20,000, but even when you hit $100,000—simply because a friend told you their portfolio is now at $200,000.
Do you see where this leads? The only competition you should care about is yourself. Absolutely no one else matters.
Focus on your own journey. Make sure that you have more this year than you did last year, and if you do, then you’re already a winner! 🏆📈
As you spend time in the market, you’ll inevitably meet friends, both online and in person, who are also investing and trading.
Subconsciously, you'll start competing with them, whether you want to or not. Some of them will outperform you, and you won't want to be left behind.
This may lead you to take on higher risks. After all, multiplying your $20,000 portfolio by 5x means an $80,000 profit, right?
That seems much better than a 5x return on a $15,000 portfolio because you withdrew $5,000 and saved it in the bank. In that case, your profit would only be $60,000 (or $65,000 if you include the $5,000 set aside).
But this mindset is a trap.
You’ll keep repeating this pattern—not just when you reach $20,000, but even when you hit $100,000—simply because a friend told you their portfolio is now at $200,000.
Do you see where this leads? The only competition you should care about is yourself. Absolutely no one else matters.
Focus on your own journey. Make sure that you have more this year than you did last year, and if you do, then you’re already a winner! 🏆📈