New to stock Market - Follow the following path

 

If someone is very new to stock market, following are the steps to follow: 

1. Day 1 onwards, whatever money that you can save - invest in VOO or SPY, at least your first 10,000$. (Read this: https://viralpatel15.blogspot.com/2021/03/stock-market-beginner-advice.html) 
2. Save 20% of your paycheck then onwards and invest in individual stocks. (Read this: https://viralpatel15.blogspot.com/2024/08/building-stock-portfolio.html)
3. Focus on Learning about stock market. Where? How? What? - Read the following blogs: 
1. https://viralpatel15.blogspot.com/2025/07/time-spend-to-learn-about-stock-market.html
2. https://viralpatel15.blogspot.com/2024/12/where-can-we-learn-about-stock-market.html
3. https://viralpatel15.blogspot.com/2025/05/book-chapters-or-youtube-sessions.html
4. It will take you 1 year to complete step 1, and 3 more years or 10,000 hours to complete step 3. 
5. First 2 steps, will take care of your “Investing” Journey. Third step is your stepping stone for “Trading” journey. 
6. When you start “Trading” - focus on establishing the “Process” or “Method” and not “Profit”. 
7. Once you have established the method - focus on “Consistency” and improvement on areas needed to make it better method. 
8. Spend your first 4 years on 
1. Not Losing Money
2. Learning and Improving the Process 
3. Creating a pool of money to Trade with (prefer 6 digit account). 
9. 5th year onwards, focus is to make 5 digit profit in a year. Think of it, like you get an extra Bonus check through trading gains. 
10. Year 6 onwards, focus needs to be Can I make 3 month of my salary through Trading. 
11. Year 7 onwards, focus needs to be can I make 6 month of my salary through trading. 
12. Year 8-9 onwards, focus needs to be can I make my job as optional. 
13. Year 10 onwards, its about setting a Goal - how much money I need to make in a year - once done, take the rest of the year off - hence the term - “Sell in May, Go Away”. 
14. Can I try Options Trading, as everything else has become too monotonous and boring, I want some excitement and play around fun. 

Method that most people seems to follow early on is 

1. How do I get rich through options trading (something that should be the last step, people want to try it as first step). Eventually they fail - Many dont come back to market - those who do, again start from Step 1. 
2. How do I get rich, buying Penny stocks, or How can I buy something very cheap, so I can become rich quickly. (again fails eventually). 
3. Stock Market is just a casino, I am here to gamble my money. If it works, its ok- If not - I have other means to make money.