ORDI
Wall Street proverb:
A successful trader needs 10 years of learning. 60% of people in this industry will disappear in half a year, and their money and confidence will be wiped out. Another 35% will not make a profit within a year, and less than 1% of the 5% who make a profit can persist for five years. Even fewer people can make it to private equity, and they can become masters after ten years.
You have to be 40 years old to really make your debut. The initial age of private equity managers in the US financial industry is 42 years old, and you can retire after another ten years of hard work!
Long and short tips: entry position and stop loss position!
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