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Turning Pocket Change into $1,000,000 in 520 Days - Jimmy 4 | Interview 384
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Timestamp
00:00 Swing trading and new $10k account challenge.
04:33 Jimmy believes having a humble mindset in trading leads to greater accountability and success. He discusses the mindset and trades that helped him reach 1 million in trading.
09:58 Playing with a small percentage of his portfolio on Mondays, Jimmy reduces stress and provides a safety net. He emphasizes emotional control and staying in sync with the market as crucial for trading success.
13:05 Analyzing his trading performance, Jimmy plans his strategy around specific time frames and sectors, focusing on tech and defensive sectors. He considers support and resistance levels for potential bounces, equating trading practice to mastering a skill through repetition and noting his progress in the 10K challenge.
15:52 Aiming to retire by 42 with $20 million in 15 years, Jimmy discusses his 10K account challenge and targets a 1% increase in capital without using leverage.
20:27 Sticking to rules and deadlines, Jimmy highlights the importance of personal growth, having a side business for mental wellbeing, and building a network for accountability.
24:08 Balancing a normal job with trading, Jimmy stresses the importance of a free mind and a home in a secluded area with wildlife for peace.
26:36 Advice to people unsure about joining The Real World.
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