An experienced trader advises beginners to start with paper trading, prioritize preserving capital over quick profits, and adopt a patient long-term mindset. The market has existed far longer than any individual and will continue long after.
Because here's the fact: if you can't make money with fake money, you're not going to make money with real money. Simple as that.
Many people are intimidated by the stock market. What advice would you give beginners who want to start investing but don't know where to begin?
Yeah, I think the first thing is, you know, you have to take it slow, right? Like, don't be in a rush. Like, if you go— if you want to trade for a living, right, like I do, you don't want to trade like you got to retire next week, right? Take it slow. There's no rush. The stock market was here before I was born, and it's going to be here long after I leave the earth. There's no rush. You got all the time in the world. So take it slow and focus on learning. Your number one goal as a trader, believe it or not, is not to make money, is to preserve your capital. Because here's the fact, if you can't make money with fake money, you're not going to make money with real money.