Unfiltered Truths: The Harsh Raw Reality of Making It in Trading
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- เผยแพร่เมื่อ 29 เม.ย. 2024
- Let’s explore the real challenges of becoming a trader in this Raw Reality video that many beginners face but few openly discuss. I wanna talk about the truths about what it takes to succeed as a trader, revealing the less discussed aspects of the trading journey. Learn why achieving consistency might require 1-3 years of dedication to learning and adapting beyond just executing trades. Understand the importance of starting with adequate capital, ideally between $3-5K, and how it influences your trading decisions and stress levels. Discover why personal development and psychological resilience are more crucial than any specific strategy, and why it's vital to maintain your day job and diversify your income sources as you navigate the markets. Join me for insights and practical advice to set realistic expectations and build a sustainable trading career, ensuring your financial and mental well-being against market volatility.
Don't forget to subscribe to my channel, turn on the notification bell for updates, and like this video if you found it informative. Welcome your comments-agree or disagree, I’d love to hear your thoughts and experiences with trading!
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. - บันเทิง
Took me 4 years 2 months to be profitable, from literally not knowing what a candle was or what I was even doing to now taking trades more confidently when set ups form. I’ve passed 2 ftmos 50k accounts and now I’m working on future prop firms this year. I also went full time this year as well. cheers to never giving up y’all 🍻
4 years, 2 months. How many hours did you put in? I mean, having a year off trading, is that included?
When I first got into trading I was very obsessed with it, I still am I would study about 5 hours a day for the past 2 and a half years once I got an idea what I was doing I would still study everyday day but only an hour or 2 the real work came from applying everything I learned, a lot of things I don’t use but I use what I like and works for me. I trade only one session and try to minimize my trading to maybe 3 times a week sometimes 4 if the opportunity is there. I have never take a year off from trading there’s been times I was so mad and frustrated but I always come back because I know this is what I want to do for a career. When I’m pissed I just go to the gym 💪 helps with stress a lot.
I envy you. Good job😂😂
I envy you, great work man. pls try to create multiple income source. it helped my trading career
@@FernandoRamirez-te1vs The real problem is mastering emotion, discipline, and patience. You can learn all you want, but if you can't master those skills you will never succeed. Knowing when to walk away, and being able to sit out of market and wait for opportunity is actually a skill that people don't appeciate. Sometimes cash is a position.
In trading, possessing technical analysis skills is not sufficient on its own; discipline and emotional maturity play crucial roles in achieving success. Embracing the mindset of "time in the market vs. timing the market" proves valuable, especially during market fluctuations. I attribute my growing daily earnings to Walter James's valuable insights and daily trade signals, coupled with my commitment to continuous learning, managed to grow a nest egg of around 127k to a decent 532k. Kudos to the journey ahead!
HE'S MOSTLY ON TELEGRAMS, USING THE USERNAME...
@Gainwithwalter7
Walter James is my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I started working with Walter James back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.
Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
Thanks for sharing FET and AMS89H$. 💯
This is good project from Amazon
thanks for sharing, I just bought it
What do you think sets AMS89H$ apart from other projects? It seems to be dominating discussions lately
I am also AMS89H$ Holders 🚀
very promising
1-3 years, totally agree.
thanks how long do you trade?
Took me 5 years of passive losing, then 3 years of steady breaking even. Now I trade profitably.
@@ianbrown5955 it is an intricate skill and a personal journey.
@@ianbrown5955 Wow good for you? How long of it was sticking with the strategy you are using now? I am in the break even phase and it seems like it has no end haha
4th year in trading and still struggling took some payouts with propfirms but lost a ton in my personal accounts plus firms. Hopefully I can get to the point we’re I’m actually paying myself soon to make all I lost.
Very interesting! You have a great view on trading much as Jim Simons did in 1978!
I am 84 years old and trade less frequently at this point. Each day I go to a shop where I am able to interact with young people and work with my hands and use another part of what is left of my brain.
Do homework, analyse direction of a trade and set a target and get away from the monitors to avoid over thinking and constant adjusting.
Excellent teaching! Many thanks
Attach to any discretionary fund manager concept like sir Luiz Nunes that will manage your capital for the main time. I learnt my lesson
He’s mostly on Telegrams, using the user name
@ traderLnunesjr ..that's it
@@StacySiderisAhern look good for 84 years old. Go and scam someone else ffs
She's telling the truth, it's experience that you need to trade.✨️
And also 80% psychology
@@eydenstubbs2881 she said that at the end as well, it's up to the trader to make those decisions to stay in the play or not.✨️
@@eydenstubbs2881 No. 80% planning and a proven strategy.
@@eydenstubbs288180% strategy.
The she should not say you need $3000 or above to mk it
Started my portfolio last year with SCHD, VOO, and VUG after watching one of your videos. In terms of share price, VOO is way up (22.25%) and VUG is waaaaay up (39.62%). Thanks for the education!
Isn't VOO and VUG similar in the sense both are investing in the S&P 500? What is the difference? I thought it is generally advised against to invest in multiple ETFs or Mutual Funds?
There is 55% overlap with the holdings in VOO and VUG. 1 is tech heavy and the other is financials heavy similar, but not the same. VOO tracks the S&P 500; VUG is just focused on large cap growth stocks. VUG is a bit more volatile, but with a higher upside potential. VOO is a bit safer. I’ve never heard anyone advise against multiple ETFs/mutual funds. You just have to be aware of overlap. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I'm sitting on some significant money ready to toss it into VOO, but I'm kinda hoping that price drops a bit. I know we only want to see the stock rise, but being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
When you work on something that only has the capacity to make you 5 dollars, it does not matter how much harder you work - the most you will make is 5 dollars.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
I loved the fact you brought up savings. Legit that’s such a simple truth and it’s funny how much it’s overlooked. People sell the idea of easy money, but it takes hard work to be able to save 5K these days.
I'm nine months in. Just starting to feel some consistency. I'm still only doing one contract. I feel I'm still months away from 2 contracts but I feel some confidence building in me. These videos encourage me. I will succeed by God's grace because I never give up and I have discipline
Keep in mind that you started in a market uptrend.
As they say, a rising tide lifts all boats.
Assuming you weren't shorting.
I have a brother in law who makes ridiculous amount as a scalper/day trader and he's taught me a ton. The first thing he taught me though was that this isn't a fast fix to freedom and financial fixes and that if you can't deal with the reality of the psychology of resistance of emotional trading, you will ruin your life. It's just that simple. I feel like he would agree with everything Tori has said here.
When i 1st started trading back in 2019 i herd this same message, and was highly disapointed, its a hard pill 2 swallow but everything Tori said is tru. But i stayed focused & prayed up. i basically taught myself how 2 trade from ova 800 you tube vidoes. Being 5yrs in and still not consistant yet i alwalys had a no quit attitude, and prepared myself for one hell of a mental fight 2 be profitable. but i am seeing better and better results. in my experience the simpler u making trading the easyer it is, less is more. the best strategy i found 4 me was supply and demand, and using the silver bullet strategy has worked the best 4 me. I love how simple Tori strategy is as well, all strategies work pick one or 2 and back test the hell outta it, and most important learn how 2 be a good losser trust me this is key!!!!!!!! Cutting losses is the biggest reason im not profitable yet.
This truly sets a realistic perspective. Thank you so much Tori! Your channel has inspired me to actually start documenting my trading journey and being completely transparent with my viewers. I’ve been trading for 3 years now and just found profitability and hoping to share my journey to inspire like you!!!
Great video! So true. You say what is really reality. The more you’re in the trading space the better. Submerge your selves in trading, be around other traders, be willing to do what 90% of traders won’t and with consistency, you’ll make it to the top 10%.
Just got my fist payout from a propfirm... after 3 years of failing challenges...She spitting facts
I know that you don’t want to hear it but 'trading' with prop firms is not real trading.
@@danmic_??? Okay what
@@danmic_how so?
Be careful because alot of the time your payout is just as dangerous as a drawdown.
@@quintonmaldonado8368 Explain please
First time visiting your channel and I'm blown away! I’ve been at this for what feels like ages, and people on the outside just don't get how much self-discipline it takes. The moment you think you’ve got it all figured out is usually when you’re about to start over. It’s so refreshing to hear from a fellow trader who truly knows her stuff.
Your videos were great!! I'm one of your viewers and have been watching your videos lately. I would like to invest, but I still can't find the right investment to commit to. I will appreciate any help here.
I always wanted to trade crypto for a long time but the volatility in the price has been very confusing to me although I have watched many TH-cam videos about it but still find it difficult to understand.
Trading in Bitcoin now is the wisest thing to do now especially beginner....
It makes sense that BTC and crypto are of helping to regulate, rather than pretend it won't ever happen.
The big institutions getting In is the catalyst that will laugh us made they grow used to it becomes a nonissue usually because of their fears never materialize.
And benefits they were unaware of before turn out to be more beneficial
Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.
Trading is easy, but trading the right coin without a time-tested strategy is incredibly hard.
As a successful Poker player, now dipping my toes into trading.. the fundamentals that you put the main conviction towards is so true in trading and in so many other ventures in life..
Get educated, build a plan, have bankroll that's potentially disposable..
And build good habits based on vetted information and self proven strategy.
Great content, thanks for being a great community voice of reason in the space
Hi from Scotland.. love your trading style.. I got so sick of strategies and patterns that people teach that don’t work.. 😡😡 I started doing my own thing at the start of this year with trend lines S&R and swinging till I get an alert.. I look at charts once a week and set all my alerts then get on or out on my alerts.. I only found you 2 days ago.. and to find your doing this too and being profitable is amazing Im also profitable since I started my own thing which turns out to be exactly what you do.. your a joy to watch love your style 😬😬 I’ll be sticking with this style I love it now, so much less stressful.. set and forget 💪🏻👍 take care 🥰
Realest trading advice I’ve ever heard. I’m unfollowing every trader I have subscribed to and only listening to you. Thanks for being real.
Thank you Tori. I have been learning to trade for 1 year now it fits with my life but I still need time to study charts and all that you said. I know with time, determination, and discipline, I will be making an income from trading.
Entering my 3rd year and just now got funded. Now the real work begins and I have no illusions there's not some blown accounts in my future on the way to consistency!
Absolutely 💯 I've been obsessed with charts and day trading and I'm 4.5yrs in and just started being profitable 📈
Coming to stock and option I will always be grateful and thankful to Mr Ronal’ for giving me the knowledge and helping me recover my loss from the market 💯
he’s mostly on Telegrams, using the user.
@R o n a l f x 2.
Sir Ronal’ has offered profits to investors who wish to recover losses including myself and it’s a great honor to be part of them 🥳
Thank you so much, Sir Ronal’ I never imagined to receive 8 lakhs rupees after investing in my trades with you. God is going to continue to bless you.
His technical analysis is excellent and his interpretation/projections of the market are so accurate’ The point is Ronal’ is the perfect trader to follow for advice and guidance
The amount of hard facts and truths mentioned here really do exist, and needs to be realised by every new trader. This is the first video I've seen from your channel and I instantly subbed.
Much love. Thank you for all your help.
Totally Agree with you, love from India ❤❤❤
Thank you for always keeping it real!!! 💜
Agree with all. For me, right now, an important point you made is being able to stomach those drawdowns.
Patience is my biggest enemy right now.
That and finding the right stop loss for the trade situation.
Let the strategy do it's thing.
That’s the hard truth 😢… a couple of accounts blown and sometimes can’t even get any amount to deposit again but still trying hard not to give up.. especially educating myself. Now I know it’s actually gonna take time. I just have to stay committed with the process and show up daily 🙏🏽. Thanks Tori 👊🏽
I have been struggling with trading for 3.5 years and I know what you have said is true. Thank you for your honesty. The trading community needs more people like you.
Why do people think you need this much . lol I started trading with 50 bucks . Just set alerts people . Set alerts at highs and lows . So if the stock crosses that high it’s on a run . Now you start scaling out your position . Once you got your initial money spent back now you play with house money . If you need help just ask me . I like helping and I don’t need anything from you .
Great video Tori, I've been on the same path and it took me 8 years to become a consistent trader. Happy for your success!
Great video. Every aspiring trader needs to watch this video. No BS here, just the truth.
I total agree I'm 55 years old 4 years into this I'm finally winning trades I lost 120k to get to this point I listen to everyone including you thankyou john from new-zealand
Totally agree with what your saying took me 3 years to get where I am being profitable still have the odd meltdown but working on it. Trading is always work in process and your always learning to adapt to the changing market
With the potential AMS99T has shown, I wouldn't be surprised if it surpasses even the most optimistic expectations
About a year ago I started looking into trading. Without any help or watching videos I wasn’t doing too bad with my trades. It took me 4 days to have somewhat of an understanding and a little routine I was obsessed with.
Once I started watching videos and trying others methods I took L after L so I quit. I started studying and learning again about a week ago and what you’re saying is very true, especially for the average person.
As a Scorpio I relate heavy to being determined and goal driven, setting your mind on something and damn near not sleeping until you’ve achieved it. Took me 3 1/2 solid years before I could confidently consider myself profitable then funded. Tons of good talking points here! Great vid Tori and congrats on all you’ve got going 👏🏽👏🏽👏🏽‼️
Purchasing AMS99T at such a low price feels like a steal. Holding onto it for the long term seems like a smart move
No crypto is throwing your money in the toilet.
One of the only trustworthy traders. Real Trader she!!! 🎉
Nothing is free, everything requires work and commitment in some form.
The shortest education I have is 1.5 years.
I don't know any education after 9th grade (16 years) when you choose your future which is under 2 years, I would say about 4 years or more.
today you can't "clean" without an education.
When we talk about sports, we talk about grinding until you have it in your bones and you do it instinctively.
This can be so terribly boring.
All houses need stable foundations. no house is stable with 1 pole.
So I think you are absolutely right in this video
She is one of the few honest traders on TH-cam . She keeps it 💯
Thanks for the GOOD advice , i am in my third year of learning and i am just starting to understand it. I'll continue reading , back testing , analyzing until I feel ready.
It's been nearly five years since I started the trading venture, and I'm just now FINALLY starting to "get it". Why has it taken me so long? I've been an extremely slow learner since day one. I still don't quite know as much as I probably should by now, but when I'm finally able to crack a learning code of some kind, people be looking at me going "WTF just happened", which is why I flat out refuse to give up. I look at this as sort of a gift, but it can get frustrating at times.
I had problem comprehending trading in general. I tried watching other YT trading channels, but they made the concepts more complicated. I was almost giving up until when I discovered your channel. I love the way you break down the content and explain everything in detail. The videos are easy to follow
I've been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face losses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies.
I will advice you should stop trading on your own if you keep losing.
If you can, then get a professional to trade for you I think that way your assets are more secure.
I'd recommend,,,,, Letecia Malana,,,,, , her profit is great even when there's a dip💥
Im 19 and I feel like I needed to hear this 👍
thanks tori, im currently experiencing what you said in the videos
This is grreat because its the truth 💯 I'm 5 years in and my eyes didnt adjust to chart movement and price action til like my 3 year !
3 years here, 6 hours a day looking at the screen including weekends and finally I see the light at the end of the tunnel, and I was lucky short-selling DJT, AMC and GME so this last 3 don't count but it make me good money
The harsh reality is the best way to teach the truth. Great video.
Love the real talk, Tori. Great contents, thanks.
thks,I absolutely do agree.....🙏
Well said. In particular I agree with the comment regarding screen time. I have stared at 6 screens simultaneously for just about 2 years. What one learns from screen time is invaluable. I am turning the corner now at just under 2 years and being profitable. However, I am a bit older and I think learning to deal with a life’s worth of adversity (the regular stuff such as job and health issues) is also very helpful. If you can’t deal with the typical adversity challenges in your life, then do not think about trading …… you won’t succeed until you can handle life’s normal advisory challenges. Yep, don’t quit your job, but at some point you can’t do a 9-5 and day trade at the same time and truly accel at trading. At some point you have to go all in, but may need another gig that doesn’t interfere with your trading hours. Also, you will have to live, eat and breathe the markets until you develop expertise. Obviously this takes a lot of additional time before market open and after market close. Good luck!
Awesome honesty! Like I tell everyone who considers trading. When talking about difficulty of being a successful trader. Don't look at trading like playing a video game. In reality its like coding a video game. And then like she mentioned. That's only the half. Mental aspect kicks in too. That's the other massive hurdle.
Thanks Tori. I looked into trading years ago, but without the financial foundation in place. You are wise beyond your years, and I look forward to my continuing education. 😇
best video too precise
To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Daniela Montori focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.
I'm surprised that you just mentioned Daniela Montori here. I met her at a conference in 2018 and we have working together ever since.
Yeah, 🙌 $253k from Daniela Montori, looking up to acquire a new House 🏡, blessings 👏.
I remember giving her my first savings $20,000 and he opened a brokerage account for me it turned out to be the best thing that ever happened to me.
The very first time we tried, we invested $1500 and after a week, we received $5240. That really help us a lot to pay up our bills.
I'm new at this, please how can I reach her?
I’m just getting there at year 5. Sooo glad I didn’t quit.
wow I am also in my 5th year, its not easy learning ton trade from a place like west africa with lots of challenges, but I give god all the glory
As a trader of many years as well you make great points. Well said.
Agree on every word....trading not an overnight thing
The advice that many people can trade the same strategy but different results, with some succeeding, reminds me of the Turtle Traders from 1970s or 80s. Same strategy but different results. Also, the realization that trading well can take 2 or 3 years reminds me of long-haul trucking. After 4 years or so of trucking, I realized that there really is a lot more to it than just driving. A trucker with only 1 or 2 years experience still has a lot to learn, and just plain experience and time on the job is the only way to learn. Tight loading docks, low overhead clearance, minor roadside repairs when things go wrong like 2 air brake hoses in the trailer rub a hole in each other and start leaking and the dashboard gauge shows lost air pressure, paperwork problems, getting food-grade tanker trailers sanitized at a tanker washout facility, troubleshooting the electric relays to figure out why the windshield wipers are going crazy, DOT in the weigh station says your back axle is overweight by 2 thousand pounds, detour through a small town and discover the intersection is too small to turn, etc. It seems like 2 or 3 years is a good estimate to figure out how to do most anything well including trading in financial markets.
Yes you're right it's really broke to start trading with low capital, but as a beginner has to start with low capital to rise his/her skills then invest more. Thank you 😊😊
This is what people need to know about trading. Not easy to have to tell the truth about the struggle, but I've found the truth serves people so much better than to lie and give unrealistic expectations. I am a believer if people truly know what they are up against, they can make true decisions on taking the dive in if they are willing to pay the price. And if something is your ultimate desire and passion, a high price is almost always worth the cost.
Thanks for your honesty. I am new to trading and I'm prepared to work hard and stick it out. Many shows the glitter, but i love to hear the hear reality.
thank you for sharing and yes this video was very informative. And much like anything in life, you have be focused, and persevere. thank you again for sharing and this has been the most down to earth reality of the industry. so thank you. the person that taught me and mentored me, (I'm still learning), shows there are winners and losers in every trade, but it comes down the persons discipline and focus,. You get out what you put in. You do the work, the hours, the education, you can make it. Awesome video Tori,
She’s spitting facts. I was there and now I’m here, holding strong.
You have spoken the truth, dear Tori.
Great 👍
Things that need to be said. Been loving the content.
Always speak the true! Great video.
I love that Trading has taught me lots about the Economy. I’m 17 and 2023 was my first year trading stock options, I lost $5,000 and I see that as a tuition. This year I added $2,500 to my account and have over doubled it already so I have withdrew what I put in and am playing with profits from this year.
You said it all, experience is very important in the market
You go girl - you speak the truth, this should be a training video.
Wish I'd seen this vid years ago. Everything this young lady says is spot on.
As a trader of 4 years I resonate completely with what you say.
This is helpful. Thank you!!!
It’s so funny after time the patterns started to appear. I could see the set ups. Learned to wait for it too.
good vid, and good wake up call to many youngsters in the game who want everything instantly, this is the culture thesedays as we have everything on tap so demand everything quickly, trading is like learning a degree or more in college/uni etc its a long term skillset, we wouldnt expect to learn a working trade within days or week
Q1 50k. I know a guy who makes that in an hour, the guys is a BEAST and he teached me the basics and I can tell you guys , it's 80 % mindset and patience and being bold at the same time. He only uses trendlines , support and resistance. So yeah. That is what makes the difference.
Thanks Tori, that's very inspiring ❤
You are spiting facts. Thanks for this 🎉
Thank you ! Totally agree with everything you said! Great video!💜💜💜
I remember when I was 22 and I asked my first trade mentor if I can learn this in 1 month and quit my job and he just laughed. I’m so grateful for him to this day
Thanks Tori
Good video, thanks! All true.
This is a great perspective and I agree with everything you said.
I'm so glad I watched this video! Tori you are bad ass! Every word "True True True"!!!! Especially Don't quit your Day Job!!
Finally! Someone who says it exactly how it is.... Well said 👏
Hi, Tori. I have watched a lot of material, but The way you put things on the table is wonderfull. I like it
thanks for sharing this. great stuff, keeping it real. so raw that it got titled over halfway in. lol. people need to hear this!
I like using the analogy of learning to play a guitar. You have to love doing it. Trading practice is seat time, making and losing money. It's a skill you learn. You don't become a Rockstar overnight. ❤
I like the honesty. instead of saying everything you said "turn $100 into $69,420 overnight!" I fell for those lol. but now I'm much more patient than I used to be 6 months ago. Still using a virtual account, and probably will be for, like you said, 2-4 years. and during that time, I'll save up my usable capital.
I thank you for this video. Kudos to your uncle for teaching your lots trading. 🎉
I started with a $100 account. I find it, better than paper account since it involves a lil bit of emotion, which I need to get use to. While in paper trading, you just dont care at all! If it will take me 3 years to become consistent then maybe, just maybe by that time I already have enough experience and $3k to $5k savingsc to do trading consistently. Im still in a stage where im looking for a strategy that works for me, and having to feel the market with real money but not much. Im getting there!
I love that you’re a down yo earth person. Like when people become financially free, they tend to misbehave but you,,, you’re doing fine 💯…. 😅l always laugh with my boys about how trading will destroy your emotions and humble you
I'm gonna start trading 4 hour from now . Thank you 😊
What you accept as true to you, becomes your reality, what is Not is not. Remember that "All things are possible to them that Believe." You can turn $100 - $5000 if you believe. That's the Unfiltered Truth.
You can,but will take longer than turning $5k to $100k.....shes just being realistic if you want to start making a living from it,and making decent returns...
I love your thruth!!!
LEO! Thank for the video.
This is quite true. It's going to take a year to find, learn and get comfortable with a trading plan that works for you. It's going to take about a year's worth of forward data testing to get any kind of long-term benefitial confidence in your plan. It's going to take about a year to build capital and get to a point where you are comfortably living off consistent trades full time. We haven't even put any hickups like lack of discipline, or maybe it takes you longer to find the strategy. Maybe you mess up and damage your psychology to a point where it takes longer to get comfortable. So 3 years is actually a short time to get successful. Businesses in general expect to break even in at least 2 years.
A huge reason i was messed up in trading was because i bought into the whole "get rich in 6 months" pitch. I can't tell how much this messes up your time frame, even with the right strategy. It actually keeps you away from success for much longer than you would otherwise take. It's like entering a 5 mile marathon and sprinting full speed because you thought it would be a 100 m race.