In this life, you only bet twice; the rest is about rolling the snowball correctly.
You’re unwilling to learn anything, unwilling to change a thing, insisting on keeping your leek mindset, and still want to gamble? Then remember these two points.
Life only allows two bets.
The second one is when you’re on your deathbed.
If you feel your time is short and you can legally borrow money, go ahead and gamble. If you lose, you lose—when you’re dead, debts die with you. Note: only through legal channels. If it’s an illegal channel, death won’t erase those debts.
The first one is right when you’re starting out.
If you lose, you lose. You’re young anyway, and no one’s really going to lend you much money. Besides, because you’re young, you can bounce back after a fall. But if you win? Remember this: never gamble again from that point on.
Most retail investors want to get rich quick without changing themselves, without learning anything, and without building any good trading habits—simply relying on others and on luck.
What they really desire deep down is something only scammers can deliver.
If you’re certain you can’t limit yourself to just that one opening bet, you’ll inevitably be tempted to play later. So what do you do? Then you can’t gamble—not once, not ever. Remember this: one single time is forbidden. As soon as you’re gambling, outside the bounds of a trading system, you can’t do it.
In the long run, financial professionals win more than 50% of the time, while financial consumers win less than 50%. Over time, the latter will steadily lose their money to the former—that’s why one group is called financial professionals and the other financial consumers.