George Soros, Ray Dalio and Carl Icahn Won’t Help You Get Rich (Unless You Are Already Wealthy)

George Soros, Ray Dalio and Carl Icahn Won’t Help You Get Rich (Unless You Are Already Wealthy)

George Soros, Ray Dalio and Carl Icahn Won’t Help You Get Rich (Unless You Are Already Wealthy) 1000 600 Steven Dux

I put down his book and looked at it. “Is this really going to help ME?” I wondered. George Soros had written it. One of the most famous and wealthiest investors of all time.

Surely, it would help… right? I mean, there I was just starting out.

Before I had found any success:

  • Before I’d built a $5+ million portfolio.
  • Before I had built a following.
  • Before I had even heard of Day Trading!

If I couldn’t learn from someone like George Soros, who could I learn from?

Yet the more I thought about it, the more I realized his advice wasn’t meant for someone like me.

I love gaming. I spent most of my youth playing games like Starcraft.

I got good at it, too, becoming one of the best in the world.

When it comes to investing, someone like George Soros is on Level 80. Whereas I was on Level 5.

He was too far ahead of me, sharing concepts I couldn’t possibly use.

Yet how many of us follow respected billionaire tycoons because they’re the best-of-the-best? How many books do you read from the likes of George Soros, Ray Dalio and Carl Icahn? How many interviews do you watch? How much time do you spend studying them?

Because in the beginning, I went all in.

I figured they could help me. Yet there I was, book in hand, and it hit me…

Following The Advice of Tycoons Investors WILL NOT Help!

It isn’t that advice from someone like George Soros isn’t valuable. It is. I’ve learned from books written by tycoons like him. Yet his advice isn’t what helped me build a $5+ million portfolio. He’s too far ahead of me. He’s too far ahead of me now after I’ve built some success.

In the beginning, when I first started… we weren’t on the same planet.

The moment I realized this, it hit me hard. It scared me. Because if I wasn’t to follow someone like George Soros, who should I follow? I didn’t know where to turn. It isn’t that there isn’t enough advice out there. The problem is, there’s too much.

George Soros and Ray Dalio… they’re household names. I can trust them.

But all those other people I haven’t heard of? How do I know if they’re the real deal?

Plus, at that time, I wanted to make those Wall Street trades I’d read about.

Yet the reality was I couldn’t because I didn’t have $100,000+ to invest.

(and to make Blue Chip trades like this, you need between $100,000 and $200,000 to get started)

I didn’t have enough to play in that pond. And even if I did, I couldn’t take the necessary risks. When someone like Soros or Dalio loses a million dollars in a single day, it’s no big deal for them. 

But for me… there was no way. That would ruin me!

I felt stuck. 

The only reason I turned to investing in the first place was that I needed to make changes. And I needed to make them quick. If I didn’t do something soon, I faced the real possibility of returning to China.

I didn’t want to go back to China. It no longer felt like home. Especially after my dad left our family and focused on his businesses. America was my home. My future was here. Yet… if I didn’t make some money and build a career doing something soon, that’s what awaited me.

Trading Became My ONLY Way Out!

I knew investing gave me hope. I had a certain amount of control over it. I had some money, and if I invested it wisely I could make enough to buy me some time.

And time is what I needed!

It was the only way I could stay in America. Yet the more I studied the further away I felt from making any progress. I read books, took courses, watched seminars and consumed everything I could.

I learned a lot. Yet I had no idea how to implement any of it.

It dawned on me. It’s not a level playing field.

The George Soros’ of the world… they don’t play on the same level as me.

His advice may work if you’re already vastly wealthy. Or a hedge fund manager with a massive account.

But me… a student… with a little over $20,000 to invest? Yeah, we weren’t on the same level.

Reaching this point terrified me. But it also gave me a lot of clarity. I now knew what I shouldn’t do, and this led me to find the solution I needed. I’ll talk more about this soon (and explain the steps I took).

Before I do, I’d like to ask you if you can relate to any of this.

  • The overwhelming feeling of all this, and the anxiety
  • The learning with no action
  • The worry about who to trust, follow and listen to…

Maybe you feel like I did: wanting to live a better life, have more freedom and make good money.

I imagine you’re reading an article like this for a reason.

I imagine you have got into investing for a reason, too.

And maybe, like I did (like most people do), you look up to and follow the likes of George Soros, Ray Dalio and Carl Icahn. If you are, you’re wasting your time. The sooner you realize this, the better.

  • Reading their books
  • Watching their videos
  • Listening to their interviews
  • Analyzing their trades and what they do…

It will not help you!

You’re not on the same level as they are. They play by different rules. It isn’t that you shouldn’t look up to and follow those ahead of you. 

But following those way down the road… will it help you achieve what you need to do right now?

If You Don’t Believe Me, Look At The Math…

To do the sort of trades George Soros, Ray Dalio and Carl Icahn do, you need at least $100,000 to $200,000 to invest. This is money you can afford to lose, too. Because dealing with Blue Chips is risky unless you have a lot of time on your hands and can afford for your money to sit in an account for years.

Blue Chips are risky unless you can play the long game.

(which is the advice people like Warren Buffett give)

If you’re like I was, you can’t afford to play the long game. The long game only yields 15-20% per year.

That would not help me. I had to double or triple my money in a few months to stay in America.

15-20% returns… yeah, that wouldn’t cut it.

But let’s say you do have $100,000 to invest. And let’s say you study hard and find some good trades.

After one year, your initial investment of $100,000 is now worth around $120,000. 

Is that going to change your life? Will that give you the freedom you desire?

It wasn’t enough for me. If I invested my $27,000 following George Soros’ advice, I’d have run out of both time and money. I’d be in China now, probably doing a job I hated. 

I had to find a new way.

Which I did.

And in this article, I’ll share what that is.

I have 3 tactics that beat the returns of Soros, Dalio and Icahn (and all the other tycoon investors).

These aren’t get rich quick schemes.

You have to work hard and you have to commit.

But they’re real solutions applicable to 95% of the population.

If you’re ready to get on a level playing field, keep reading.

These 3 tactics will help you. 

But before we get to them, let’s debunk a few myths that may be holding you back…

Why These Myths From George Soros, Ray Dalio and Carl Icahn Don’t Apply to Us!

Every tycoon investor has their own investment philosophy and certain strategies they play by. There are many ways to find success in the markets, and these guys prove it.

Some play the long game like Warren Buffett does.

Others play the short game, like George Soros.

Yet what they all have in common is… leverage!

They have money behind them, and existing wealth.

They head up huge portfolios and leverage other people’s money.

So when someone like Goerge Soros writes a book and talks about his investment philosophy, understand that he’s speaking to people already in his world: investment bankers, high-level traders, and wealthy business owners.

Take George Soro’s philosophy

He’s a short-term speculator that makes massive, highly-leveraged bets on the direction of the financial markets. He makes massive, one-way bets on the movements of currency rates, commodity prices, stocks, bonds, derivatives and other assets based on macroeconomic analysis.

Huge risk that yields massive rewards.

But unless you have A LOT of money, his techniques don’t work.

He’s not alone in this. Let’s look at Carl Ican’s investment philosophy (another billionaire tycoon)

“My investment philosophy, generally, with exceptions, is to buy something when no one wants it,” he says. He purchases significant portions in a company and then seeks to get a new board up and running.

Basically, he buys failing businesses and flips them for a profit later. 

Again, you need a lot of money to do this. Yet, more importantly, you need TIME!

You need to play the long game and put a lot of investment into an approach like this. In time, it works. But unless you have time and a lot of capital, this philosophy does not work.

Time is a common factor with a lot of the industry’s biggest players. Take Ray Dalio’s philosophy.

“Play the game and maximize your learning from your mistakes,” Dalio says.

I don’t disagree with this. No matter what level you’re trading at, you will make mistakes and you need to learn from them. If you do, you can make a lot of money on the backend. Yet, again… this takes time.

It’s playing the long game. It’s accepting that you need to invest a lot of money and leave it sitting there for months, maybe even years. When I first started out, I could not do this.

I needed money fast.

I needed to build momentum.

I imagine you do, too. Why else would you be reading this?

Look, it isn’t that their advice is wrong. It’s just that it isn’t relevant to 95% of people who get into trading. It’s important you see your trading career as an evolution. In time, you can trade Blue Chips and use the advice, strategies and tactics from Soros, Icahn and Dalio.

But you need to get to their level first.

And until you have millions behind you, you can’t play at their table.

(in reality, you need at least $5+ million… ideally, a $10+ million portfolio)

So, how do you get there? 

This is the question I began to ask.

I put down the books and committed myself to making trades that would get me to that level. It led me to 3 Tactics that almost anyone can use (with as little $3,000 to invest). These aren’t get-rich schemes. If you’re to succeed using these 3 tactics and avoid failing like 94% of traders do, you have to work hard.

If you do, you can double or even triple your returns in a matter of weeks.

And it’s by far the fastest way to building a 6-figure trading portfolio.

The 3 Trading Tactics That Beat The Returns of Billionaire Tycoons

You don’t have to commit to just one of these 3 Trading Techniques. You can use all of them in time, although to begin with I suggest you start with Day Trading (it’s the best way to build momentum).

Plus… you cannot start short-selling until you have at least 25% of the value of a shorted stock in cash in your account. So, if you want to short 100 shares of stock at $20 per share and it goes up to $30, you must have at least $750 in cash in the account.

These are the 3 Trading Techniques I used to get started and build a $5+ million portfolio. Once I turned to these and realized Goerge Soros couldn’t help me, I made huge progress (practically overnight).

OPTION 1: Day Trading

Day Trading is different from investing. When you get to a level of an investor like George Soros or Ray Dalio, you think about the long term. You’re invested, literally, in the performance of the business.

Often, you’ll remain an investor in the business for a long time.

The aim is usually to buy low and sell your stake further down the line for a profit.

Day Trading differs from this because it involves buying and selling securities within a business on the same day.

You still follow a lot of the same principles as an investor will (buy low, sell high), but it’s done in a compressed period of time. This means you can make (and lose) money quickly, and done right, build a profitable portfolio in just a few months.

Let’s look at an example…

Say you’re a Day Trader who buys 1,000 shares in a stock at 10am for $1 each (a $1,000 investment). 

At 10:30am, the price has risen to $1.50. If you sell your shares now, you make a $500 profit.

But maybe you think it will go higher. So you hold onto your shares. At 11:00am it’s back down to $1 each. If you were to sell now you wouldn’t make any profit (but you wouldn’t lose anything either).

So you hold on because you think the price will bounce back. At 11:30am the stock has dropped to $0.75. 

You’re now in a position where you’ll lose $250 if you sell.

  • This entire process can take place in an hour or two.
  • You buy shares and sell them quickly. 
  • And you may make anywhere between 10 and 30 of these trades each day.

You’re not invested in the company, and often don’t know much about the company at all.

You don’t need to. Instead, you focus on the market patterns and how the stock’s performed in the past.

It’s quick, and once you know how the markets work and follow proven patterns and techniques, you can make profitable returns every single day — turning an initial investment of $3,000 into $30,000 in just 2-3 months.

OPTION 2: Swing Trading

A swing trade follows the same philosophy as day trading, only this time you hold on to a stock for a few days (or even a few weeks).

Personally, I don’t swing trade often. Most of my trades are either Day Trades or involve Short Selling (which we get to next). The reason for this is that the liquidity of a stock has a massive impact on the trades you should make. If a stock has low liquidity, it makes it hard to get out.

So, holding onto it as part of a swing trade becomes risky. 

Swing trading is a good option to take and offers a lot of potential returns. The problem is, swing trading requires more technical analysis. Whereas Day Trading is quick and based on proven patterns, swing trades require you to analyze the risk/reward more deeply.

It can yield good returns.

But the risk is also higher.

Swing trading can be a good option to take if you’re short on time. Those who swing trade make fewer trades and have to invest less time into their trades. But the risk, in general, is higher, and swing trades are more at risk to sudden market changes.

OPTION 3: Short Selling

Short selling is when you predict that a stock will go down rather than go up. As such, it’s the opposite of how most traders operate because you’re looking to buy high and sell low.

Here’s how it works…

To short a stock, you must borrow shares that you do not own (typically from your broker’s street account) and then sell these shares at the current market price. The goal is to re-buy these shares at a lower price in the future and return the borrowed shares to your lender. 

Not everyone can short-sell, as you first must have at least 25% of the value of a shorted stock in cash in your account

This is an option I use a lot of and teach my students how to do the same. The reason is, most people don’t short-sell. They don’t know how to. Or if they do, they don’t know how to do effectively and see it as risky.

Which it is if you don’t follow the right advice!

But look… because very few people short-sell, it creates a massive opportunity for you.

Like I say, there’s a risk to short-selling, that’s for sure.

But if you know how to go about it correctly, you’ll succeed more often than not.

And the reason is… PEOPLE!

Human psychology plays a huge role in short-selling. The reality is, most people do what everyone else does. They get caught in the hype and the fear of missing out. Traders are no different.

So, when they see a stock that keeps going up, they want to get in on the action before it’s too late. 

The problem is, they’re already too late!

Because all stocks that go up eventually come back down…

When you short-sell, you’re betting against other people. You’re betting on the assumption that most people DO NOT know what they’re doing. Which is true. Why else would 94% of new traders fail within the first year?

I won’t go into the massive role that emotional decision making plays. I’ve written about that before in: 94% Of Day Traders Are Failing While Burning Holes In Their Wallets — And This Is Why

The point is, most people allow their emotions to affect their trades. Their fear of missing out leads them to buy a stock too late and hold onto it for too long. If you can learn how to remove your emotions from your trading, you can make short selling your unfair advantage.

This is what I did, and it’s been a major reason why I’ve built a $5+ million portfolio in just a few years.

 

How To Become a Successful and Profitable Day Trader

I’ve worked with a lot of new traders over the last few years. Most of them (just like I did) got into trading with dreams of those big Wall Street trades. They read books written by George Soros and listen to the advice of Warren Buffett

Which I understand.

I did the exact same thing.

It wasn’t until I stopped reading their books and following their advice that I found success. I realized that if I did follow their advice, I would, at best, turn my $27,000 investment into $35,000.

That wouldn’t keep me in America.

I needed to turn my $27,000 into $100,000.

That was the reality I faced. This forced me to think about what I was doing.

And I realized the advice from billionaire tycoons was not for me (at least, not yet).

This is when I studied Day Trading.

Once I did, I began to make some money.

  • Which bought me time…
  • Which allowed me to stay in America…
  • Which allowed me to build a $5+ million trading portfolio…
  • Which allows me to work 2-3 hours each day and teach others to do the same…

This is my passion these days: to help new traders make less mistakes than I did and fast-track their success. I honestly believe anyone can make good money day trading, so long as they have a great work ethic, are willing to commit 100% and follow the right advice from people with proven track records.

I recently talked about all this with Ryan Higa for his Off The Pill Podcast (who has 20+ million subscribers). We discussed how day trading works (and go deeper into short-selling), as well as what someone needs to do to get started.

Ryan didn’t know anything about day trading, but even he was intrigued by it at the end.

If you’re interested in how Day Trading (and short-selling) works, I recommend that you watch this video. It will help you realize how dangerous following the wrong advice is. And honestly, not all the bad advice comes from fake gurus and scammers.

A lot of first time traders fail because they look up to George Soros and Ray Dalio.

They’re masters at what they do. But they are on a different level to you.

Your trading career is one that evolves. In time, as you cap out with day trading (at around $20 million), dealing with Blue Chips becomes inevitable. At this stage, George Soros is a man you should listen to.

But until you get to this level, do not waste your time. 

To learn more about how day trading works, watch the video above and subscribe to my own Youtube Channel. And if you’re ready to take the next step and learn how to day trade the right way… you may want to work with me 1-1.

Take a look at The Freedom Challenge: the program I’ve created for new traders committed to building a successful and profitable portfolio.

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