Follow this rule if you want to be a better investor

Today’s newsletter is sponsored by Trade Ideas.

Trade Ideas screens the entirety of the stock market at once and sees what you can’t see.

They break down stock market data into easy-to-understand graphics that show you all types of analytics from volume to short interest.

Get your first 7 days free here.

There’s a trading rule that I live by.

Increase your effort. Decrease your expectations.

Increase effort

The more effort you put in, the better your results should be.

For example, you will never be able to turn a side hustle into a full-time income without some sort of full-time effort.

What I mean is, part-time effort seldom gets you full-time results. In fact, part-time effort will either yield no results, or suboptimal ones.

This applies to trading and investing.

You can’t partially study a trend, or partially research an investment, and expect to profit handsomely.

You’re probably going to miss some key indicators and your return will suffer because of it.

But increasing your effort is only half the battle.

You also have to…

Decrease expectations

When you lower your expectations, you get satisfied with less.

This doesn’t necessarily mean you’ll achieve less, you’ll just be more satisfied when you achieve little, and when you achieve more.

When you combine high effort with low expectations, not only do you create better results, but you become happier with them too.

Everything above your expectations becomes a bonus.

And when you put in the work, you exceed your expectations often.

Until next time,

Gav.