Buffett's net worth was roughly $375 million when he was 52. With the power of compound interest, his net worth increased to $620 million a year later, and he officially became a billionaire at the age of 56 while earning a salary of only $50,000 a year from Berkshire Hathaway.
When Buffett was 59, his net worth was only $3.8 billion. That means he has earned over $60 billion after his 60th birthday👍
This isn't a knock on penny-stock traders, as there are many who have done it successfully. However, the pump n dump is something you must be aware of before considering trading penny-stocks. Checkout the link in my bio if you're interested in learning how to trade stocks!
Daily Analysis 📈
* So #USDJPY did double top and drop like I predicted. I didn't think it would happen this soon though being it's only Monday 😩. So I missed the move. However it didn't retrace to 61.8% like I was expecting so I probably wouldn't have taken the trade anyway. Im very strict with my trade rules. Any of you guys catch the move? She fell about a cool 70+ pips
Also my third attempt today #failed miserably. Although my #entry was near perfect I, once again, did NOT take profit at 336, but had a target at 335.58 but we never hit it. My fault, I know. As I wrote on Friday. Just freaking stick to your targets at the whole dollars... maybe I learned out of it this time? I doubt it. I wasnt even able to use a stop once we went back through 336 on the way up before, as on #FL, we reversed pretty much at my #breakeven to hit new lows...
I dont know whether it is the market or I am not in my best form?? #daytrading#trading#tough#business#trader#stockmarket#stocks#money#profit#monday
I was going for a continuation of #FL. But #FL is a bitch to trade and moves erratic. Dont liked it on Friday and didnt like it today. Built a position starting at #VWAP as we made an attempt to break through and added at the EMA9 and EMA20 where I piled into. Taking off half at break even and some profit on the way down. it reversed before continued its way down. What a BITCH. As it was on Friday.