Some questionable sources might provide good advice. But ask yourself, are they being honest with you? Are they admitting things take time? Be willing to learn and be willing and ready to make mistakes. But, most importantly, learn from your mistakes! If someone is selling you on a get rich quick scheme, it’s theirs. They’ve already gotten rich oﬀ it. That doesn’t mean the scheme will work for you!
So how do you pick a community partner? Before we dive into more red ﬂags to watch out for, let’s discuss what are essential traits for your trading community. The co-founder of AngelList, Naval Ravikant, has some terriﬁc ﬁnancial advice on picking business partners. It’s important to understand that when you pick a trading community, you’re picking a group to take on your journey, as you grow ﬁnancially and personally!
Naval said, “Pick partners with intelligence, energy, and integrity,” but what does this mean? You want to partner with people that have intelligence in their respective areas, be passionate (high energy) about their expertise, and have integrity. On a checklist, think of these principles as absolute musts! You cannot compromise on it. Think about it, intelligence boils down to a system of trading that provides up-to-date information and is looking to help bring you to that same level of intelligence around a particular area. In your case, the world of trading!
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