10 SPY trading lessons that you should use for life

Michael Esther
04-08

Everything you learn in trading you can use in life. Its the most lucrative skill to master for $SPDR S&P 500 ETF Trust(SPY)$ :

10 trading lessons that you should use for life 🧵

1. Cut Losses Quickly — Don’t Let Mistakes Compound

Trading: A losing trade can bleed you dry if you let your ego keep you in. Cut it.

Life: Whether it's a toxic relationship, bad habit, or a failing business idea—don't let your pride prevent you from letting go. The sooner you act, the smaller the damage.

Timing Lesson: Recognize when something is no longer serving you and act decisively before it drains your energy or resources.

2. Let Winners Run — Don’t Sabotage Momentum

Trading: When a trade is working, don’t get out just because you’re scared to lose your gains.

Life: When something is going well—your health, a business, a relationship—don’t get complacent. Nurture and scale it.

Execution Lesson: Have a strategy to let success compound, and don’t interrupt positive momentum with fear or self-sabotage.

3. Plan the Trade, Trade the Plan — Structure Beats Emotion

Trading: Enter with a thesis, stop-loss, and target. No room for impulse.

Life: Whether it’s your career, health, or finances—have a plan. Don’t wing it.

Timing Lesson: When opportunities arise, those with a plan execute faster and better. Preparation makes split-second decisions possible.

4. Patience Pays — Wait for Your Setup

Trading: Not every candle is a signal. The best trades often come after long periods of silence.

Life: Rushing into jobs, relationships, or investments leads to regret. Great things take time.

Timing Lesson: Knowing when not to act is just as important as knowing when to strike.

5. Don’t Chase the Market — Desperation is Expensive

Trading: Chasing a stock after it’s already moved is how you get trapped.

Life: Chasing people, status, or trends often leads to exhaustion and disappointment.

Execution Lesson: Let things come to you. When you act from clarity—not fear—you execute better in life and trading.

6. Risk Management is Everything — Protect Your Capital

Trading: You can’t play tomorrow if you blow up today.

Life: Your health, your time, and your relationships are capital. Protect them at all costs.

Timing Lesson: Overexposing yourself—emotionally, physically, or financially—without safety nets can ruin everything, no matter how well-timed your moves are.

7. Size Accordingly — Know When to Go Big or Small

Trading: When you’re confident and conditions are right, size up. If unsure, go small or stay out.

Life: Sometimes it's time to swing big (move cities, start a business). Other times, it’s wise to take smaller steps.

Execution Lesson: Successful people scale their efforts to match the opportunity. Timing + size = impact.

8. Stay Calm in Volatility — Emotions Destroy Precision

Trading: Panic sells and euphoric buys are usually wrong.

Life: In moments of chaos—breathe, detach, and decide with clarity.

Timing Lesson: You can’t control the storm, but you can control when and how you respond.

9. Learn From Every Trade — Wins and Losses Are Feedback

Trading: Review every trade—what worked, what didn’t, and why.

Life: Reflection sharpens your instincts. Don’t repeat mistakes. Sharpen your personal edge.

Execution Lesson: Execution improves over time when feedback is taken seriously. No experience is wasted unless you ignore the lesson.

10. The Market Doesn’t Owe You — Entitlement Destroys Traders

Trading: The market owes you nothing for hard work or time spent.

Life: Just because you’re a good person or worked hard doesn’t guarantee outcomes. You still have to execute well.

Timing + Execution: Focus on what you can control—your actions, your mindset, your preparation—and the timing will favor you eventually.

Open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.

Other helpful links:

💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
12