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It’s great that he found a way to successfully trade and invest in a field that he loves. I’m sure it doesn’t feel like work for him to research upcoming drug releases to capitalize on. And biotechnology benefits us all. Advancements in that field changes lives. Also cool that he offers his own blog to teach other people how to share in his success.
I completely agree, Nicole. I think much of Kyle’s success has to do with the fact that he’s so passionate about the biotechnology sector. It helps him have an edge when it comes to the research process and that’s critical in the stock market. It’s also great, as you mentioned, that he offers so much free content for beginners.
I was never a trader and now I wish I had been.
Stocks are not something I know a lot about but after reading this it might be wise for me to learn. Biotech research is obviously not something I know much about. But to earn that kind of money would be worth a look at.
How long does it take to learn about trading? This is all new to me! You obviously know a lot about trading and how to make money. It sure would be nice to get started because it’s never too late, right?
Hi Rob – great questions. The learning curve will vary from person-to-person based on availability, dedication, etc. But it doesn’t usually take too long to learn basic concepts and strategies. Students can typically get a good handle on the research process and overall approach within a couple months or so. The hard part is cultivating the Proper Mindset. Most people are naturally bad traders – plain and simple. They’re impulsive, irrational, and biased. As a result, psychology plays a huge role in the markets. It can take a long time to overcome these human tendencies, but the reward is massive for those that can. In my opinion, mindset is the most critical aspect of trading. Some of the best trading strategies are rather simple in theory, but the proper execution of that strategy relies on your ability to stick to the plan and be disciplined in your approach.
I must say that I am impressed with the work of this man. Earning such big money is not easy at all and it definitely can’t be done by just anyone. I also heard about biotech stocks but I did not know that it could be so profitable. I think that I will give it a try soon but I am not expecting such big money.
Hi Daniel – you certainly have the right attitude going into it. Expecting to do what Kyle did turning $15K into nearly $5 million at this point takes a ton of hard work, discipline, and dedication. So many newcomers to trading think they can achieve this type of success virtually overnight, but they have no idea the amount of time and effort Kyle has put into his trading operations. It was far from immediate success and it took him a few years to really get the ball rolling. In fact, he lost about half of his $15K portfolio at the start before building it back up. Overall, I think it’s critical that beginners temper their expectations because it truly takes time and experience to achieve self-sufficiency and consistent profitability in the stock market. Everyone’s journey is different, but those who tend to focus on the educational aspects, developing the proper mindset, and building up their skills at a steady pace typically experience the best long-term results.
Turning 15k into 2M is a substantial increase and as I have been beginning to invest in stocks myself I am still very new to this kind of thing and I am very eager to learn.
I found your article very beneficial and extremely informational as far as trading biotech stocks goes. Thank you
Aaron