If You're Thinking of Quitting Trading - Watch THIS

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  • เผยแพร่เมื่อ 21 พ.ย. 2024

ความคิดเห็น • 246

  • @kaitlyncranwick
    @kaitlyncranwick ปีที่แล้ว +151

    This is not financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!

    • @hunter-bourke21
      @hunter-bourke21 ปีที่แล้ว +2

      Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional

    • @maryHenokNft
      @maryHenokNft ปีที่แล้ว +1

      Very true, I started investing before the pandemic and that same year I pulled a profit of about $750k with no prior investing experience, basically all I was doing was seeking guidance from MARY ONITA WIER who's a guru in the game, you can be passively involved with the aid of a professional.

    • @maggysterling33254
      @maggysterling33254 ปีที่แล้ว +2

      @@maryHenokNft It took me 3 years to stop trying to predict what's about to happen in the market based on charts studying because you never know. Please, i need the help of your Investment advisor.

    • @maryHenokNft
      @maryHenokNft ปีที่แล้ว +2

      I'm guided by *Camille Alicia Garcia* An experienced coach with extensive financial market knowledge. While you can consider other options, her strategy has yielded positive results for me. She offers valuable insights, including entry and exit points for the securities I concentrate on.

    • @TheresaAnderson-kf5xw
      @TheresaAnderson-kf5xw ปีที่แล้ว +2

      Thanks, I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.

  • @michaelj.pasley5283
    @michaelj.pasley5283 ปีที่แล้ว +117

    I failed for 10 years. Longer than most. Then I broke through. Keep going traders. You’ll get there one day.

    • @CalmConst
      @CalmConst ปีที่แล้ว +1

      Tell us bro where to dig? 🙏

    • @iamthelaptopguy
      @iamthelaptopguy ปีที่แล้ว +1

      Were you trading demo accounts while learning fundamental or technical analysis?

    • @michaelj.pasley5283
      @michaelj.pasley5283 ปีที่แล้ว +3

      @@iamthelaptopguy Yes demo and small real accounts.

    • @crispyduck1706
      @crispyduck1706 ปีที่แล้ว +2

      what turned it around for you ? Mind set ?

    • @TheRealDealVideos
      @TheRealDealVideos ปีที่แล้ว +5

      @@crispyduck1706 practice mtherfker, like with anything. Document everything you do, so you learn from your mistakes.

  • @Korupshenv1
    @Korupshenv1 ปีที่แล้ว +85

    I felt like giving up multiple times. My wife has been the person to keep me in the game. She would say to me, “Don’t give up! You are going to make it! There’s just one piece you are missing! Keep trying! I believe in you!” I am now a consistently profitable trader thanks to her belief in me. Don’t give up guys!!! YOU WILL MAKE IT!!! 📈📈📈

    • @HEC892
      @HEC892 ปีที่แล้ว +3

      That’s awesome not a lot of traders have that luxury in there corner

    • @CalmConst
      @CalmConst ปีที่แล้ว

      I am trying to trade NASDAQ futures. Do you think it worths to try find edge in trading indexes or better to switch somewhere else?

    • @T.R.U.T.H..
      @T.R.U.T.H.. ปีที่แล้ว

      Mine says the opposite :/ We have a great relationship tho.

    • @T.R.U.T.H..
      @T.R.U.T.H.. ปีที่แล้ว

      The nasdaq moves too fast for newcomers, it will kill your account. Try futures on stocks instead. Slow and steady wins the race!@@CalmConst

    • @Korupshenv1
      @Korupshenv1 ปีที่แล้ว

      @@CalmConst The best thing I did was switch to futures. I traded Forex previously with retail Prop Firms and had not much success. Futures is the way to go. ES and NQ are very similar, so check to charts and see which one suits your strategy.

  • @donaldjack5487
    @donaldjack5487 ปีที่แล้ว +62

    I began my investment journey at the age of 38, primary through hard work and dedication. now at the age of 42,I'm thrilled to share that my passive income exceeded $100k in a single month for the first time.this success reinforces the important of the advices mentioned earlier. It is not about achieving quick wealth but rather ensuring long term financial prosperity.

    • @TianaHook
      @TianaHook ปีที่แล้ว

      Investors should exercise caution with theire exposure and exercise caution when concerdering new investment, particularly during periods of inflation. It's advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields

    • @donaldjack5487
      @donaldjack5487 ปีที่แล้ว

      Through closely monitoring performance of the portfolio, I've witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on experience traders are able to generate substantial returns even in lesser-known markets it's safe to say that this bold decision has been one of the most impactful choices I've made recently

    • @MorrisonChris
      @MorrisonChris ปีที่แล้ว

      This past few months watching my forex portfolio decline is very disheartening.holding doesn’t really profits much.
      Any idea on how to earn better on the short run?.please recommend to me your Fin advisor

    • @donaldjack5487
      @donaldjack5487 ปีที่แล้ว

      The advisor I'm in touch with is *JESSICA KATHERINE ELLIS* she work with merrill, piece, Smith incorporated and interviewed on CNBC television. You can use something else, for me her strategy works hence my results.she provide entry and exit point for the securities I fucose on..

    • @MorrisonChris
      @MorrisonChris ปีที่แล้ว

      Thanks so much, I just google her name I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get

  • @sbespn3820
    @sbespn3820 ปีที่แล้ว +91

    The journey can easily take 5 + years. Especially if you're not getting the right guidance, or mentorship. You have to love the process and be passionate about it. The best thing I think a trader can do to survive the learning curve and not blow up their account is to trade with real money, but size way down, and never lose more money in a single day than you have the ability to make. Your losing days should never be larger than your average winning day.

    • @TheOneLanceB
      @TheOneLanceB ปีที่แล้ว +8

      Survival and fighting another day is always step 1! Keep pushing!

    • @FvckYourhedge
      @FvckYourhedge ปีที่แล้ว

      No man. trading CAN'T be LEARNED.
      Investing 5 plus years In an ability you don't naturally have Is very Stupid And Waste Time that it won't come back

    • @bashirpaikar1326
      @bashirpaikar1326 ปีที่แล้ว +1

      Mine second year bleeding

    • @swapnilchaudhari8694
      @swapnilchaudhari8694 ปีที่แล้ว +2

      if you learn from right person,do consistent trading,practice consistently and then improve consistently then 1 year is enough to click everything and become profitable trader

    • @iecsao
      @iecsao ปีที่แล้ว

      ​@@FvckYourhedgeit's a skill that can be learned if you persevere enough

  • @ConwillWeber
    @ConwillWeber 5 หลายเดือนก่อน +25

    I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Carla Koren.

    • @BonillaAbbey
      @BonillaAbbey 5 หลายเดือนก่อน

      I'm surprised that you just mentioned Carla Koren here. I met her at a conference in 2018 and we have been working together ever since.

    • @CeraKolper
      @CeraKolper 5 หลายเดือนก่อน

      You trade with Carla Koren too? Wow that woman has been a blessing to me and my family.

    • @KnockerBryan
      @KnockerBryan 5 หลายเดือนก่อน

      Initially I was skeptical, until I decided to try. It’s huge returns is awesome! I can’t say much.

    • @ConwillWeber
      @ConwillWeber 5 หลายเดือนก่อน

      she's mostly on Telegrams, using the user name

    • @ConwillWeber
      @ConwillWeber 5 หลายเดือนก่อน

      Korenfx

  • @JasRoss
    @JasRoss ปีที่แล้ว +20

    That learning curve kills most traders up front early by blowing up accounts. I could never trade in a sim, as there were no emotions. I spent the first couple years trading very small size to simply hone my process, find my edge, and most importantly to learn risk management. I am on year 3 now and despite the turbulent year in markets, its been my best yet. August in particular I had 18 wins and 1 loss with a 17.5x profit factor. It is all coming together. You just need to survive to thrive. Nothing replaces time in the seat (experience). Minute daily improvements each day add up. Until then, stay small, stay green, and keep working at it.

    • @samricher
      @samricher ปีที่แล้ว +1

      I blew up six figure in my first year and was still able to save and go back to the market. It took me one year and half to save in the real world but yea no regret now. We live once and there is no time

    • @vovanminh999
      @vovanminh999 ปีที่แล้ว

      I like that mentality Sam

    • @samricher
      @samricher ปีที่แล้ว

      @@vovanminh999 let’s go

  • @lvdeluxe1
    @lvdeluxe1 ปีที่แล้ว +8

    Trading is simple,
    If the statistical edge setup is missing just sit on your hands.
    If the trade is missed, there will be another one soon so just sit on your hands.
    If you get stopped out, just sit on your hands.
    The most difficult thing to do in trading is sitting on your hands.
    😮
    PS: US30 has missed my entries all week long and I'm still sitting on my hands it sucks but it is what it is.

    • @patinho5589
      @patinho5589 ปีที่แล้ว +1

      I agree. Starting to sit on my hands more now I’m doing much better.

    • @Darryl147
      @Darryl147 5 วันที่ผ่านมา

      while you are right that sitting on your hands is favourable, that does not make trading simple lol.

  • @livestreamfx
    @livestreamfx ปีที่แล้ว +9

    "Consistently losing money for a year". That's outstanding. I consistently lost money for more than 10 years before it turned around

    • @hassann.mugisha6084
      @hassann.mugisha6084 4 หลายเดือนก่อน

      10 yrs ? How did u hold on ? I hsve lost all my profits of 6 months , In 3 weeks

  • @raynxxiaqoh2833
    @raynxxiaqoh2833 ปีที่แล้ว +7

    I came late into this industry. I am turning 40 next year and I started learning to trade back in 2021. You can imagine how hard it was for me to learn because my mind, body and temperament have already been solidly molded by the years. Some habits and mindset were very hard to modify already. But, I really want this career, endeavor to work-out.
    Thank you for the pep talk. I can see I'm 1% better than my past self a month ago. And my goal now is not to ring the bell today!

    • @TheOneLanceB
      @TheOneLanceB ปีที่แล้ว +2

      It takes a long time and no day will ever be easy! Keep on pushing. Only ring the bell tomorrow ;)

    • @hilariousTrader
      @hilariousTrader ปีที่แล้ว +2

      Hang in there and keep going, I also started late when I was 37 in 2019 and only now I'm starting to get it. Keep going my friend God bless.

  • @jonnooney7102
    @jonnooney7102 ปีที่แล้ว +13

    I needed that....like you were talking directly to me knowing how my week went. Took my futures account from the edge of bankrupt to 600 positive in an hour then turned around and let it get chewed up by over trading. I knew better but somehow let myself get sucked in .....again. The struggle is real trying as hard as you know how. Seems like it just happens easy when you just forget about profitability and trade fully expecting to blow the account.

  • @SaimirDervish
    @SaimirDervish ปีที่แล้ว +2

    If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to making you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life...

    • @smbcapital
      @smbcapital  ปีที่แล้ว

      truth!

    • @LuisH.Rodriguez
      @LuisH.Rodriguez ปีที่แล้ว

      The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional

    • @Darryl147
      @Darryl147 5 วันที่ผ่านมา

      huh? you totally contradicted yourself, looking outward is blaming others. I think you ment to look inward is to be successful in life. p.s I don't think truly successful people are trying to give life advice in youtube comments.

  • @AgarwalKush
    @AgarwalKush ปีที่แล้ว +1

    I totally know what we all are going through, But remember its a tough battle and its so proudy moment to beat that. Its not easy. The road is quite near, bring it on. Focus on finding your edge and execute that. We all can do that

  • @LawrenceChung
    @LawrenceChung ปีที่แล้ว +2

    thanks Lance. this channel (and your channel) is my mentor for trading. from 2yr back when I wouldn't listen to mentors to now that I am willing to observe and listen (to you all and the mkt), I've changed a lot as a person and trading has made me better overall. I actually remmeber in yr ayahuasca video saying sth along the line of 'Am I asking the right question in life'. and that became my guiding star in both trading and life. I even made a poster out of it to remind me of it at all time. thanks again :)

  • @jaroslavvaclavik7992
    @jaroslavvaclavik7992 ปีที่แล้ว +1

    I will never give up on trading and improving trading skills, but starting to learn how to give up on those who don't believe in me. Trading environment will shape you undoubtfully.

  • @VlxyAtumac
    @VlxyAtumac ปีที่แล้ว +2

    to become a top trader you have to be the perfect imperfectionist or just to be not afraid of losing because everything fluctuates - literary life fluctuates - thus you also have to adapt quick

  • @albacus2400BC
    @albacus2400BC ปีที่แล้ว +70

    This is helpful and a good reason to keep going. Maybe I'm not following the right prompts. I still have about $121k I could put in the market. Any ideas which stocks I could invest this time?

    • @stephenpotter21
      @stephenpotter21 ปีที่แล้ว +4

      Truth is that the market ain't quite stable at the moment, but if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.

    • @cloudyblaze7916
      @cloudyblaze7916 ปีที่แล้ว +2

      This is true. I worked as a financial advisor with Merrill Lynch and then as an independent financial manager. I have seen really great profits that can be made by picking the right stocks.

    • @legacymedia8468
      @legacymedia8468 ปีที่แล้ว +1

      This is something I would like to try. @@cloudyblaze7916 Please, could you recommend who it is you work with?

    • @victorlaranjahal
      @victorlaranjahal ปีที่แล้ว +1

      This is nice. I would really like to work with a financial advisor, but it's hard to find one online these days. I'll appreciate any recommendations made.

    • @cloudyblaze7916
      @cloudyblaze7916 ปีที่แล้ว

      I don't like making such recommendations, but I know *Sharon Louise Count* and she's been making really great profits. I think she has a website or something.

  • @Stockz619
    @Stockz619 5 หลายเดือนก่อน

    I am about 3 months into my journey and i have given it all with no success ... yet thank you for the support much needed ...

  • @Firstmajortomlikestoticker
    @Firstmajortomlikestoticker ปีที่แล้ว +2

    10:24 the "SHARK" there he is ✅🎯

  • @nubeblanca570
    @nubeblanca570 ปีที่แล้ว +3

    totally relatable, down over half a million in my portfolio with-in my first year of trading was such an overwhelming and demoralizing experience I've ever been through. when I shared my experience with friends they would tell me to pull my remaining 35k and call it quits but the only thought that came to mind was: "but I'm still in the GAME" quitting was out of the question as I knew there was/is still so much to learn.. one year later, my account is looking healthier and my understanding of the markets and how the GAME is played has increased significantly.
    thank you SMB for the knowledge you share with the world.
    DON'T QUIT!

    • @ShahrozSher-p1l
      @ShahrozSher-p1l ปีที่แล้ว

      What play did you make to go from 35k to over half a mil again? Has to be options, right?

    • @nubeblanca570
      @nubeblanca570 ปีที่แล้ว

      @user-sd2fy6uy1v options strategies for sure.. although I do hold long positions, selling put options to DCA has worked wonders along with covered calls when the positions permit utilizing this strategy.
      Not quite at 500k yet, but with a lot of patience and discipline 1-3 years, I may break-even.

    • @ShahrozSher-p1l
      @ShahrozSher-p1l ปีที่แล้ว

      @@nubeblanca570 Thank you for sharing, good luck on your trading journey!

    • @FvckYourhedge
      @FvckYourhedge ปีที่แล้ว

      TRÁDING CAN'T BE LEARNED IS A NATURAL SKILL OR YOU HAVE IT OR YOU DON'T

    • @nubeblanca570
      @nubeblanca570 ปีที่แล้ว

      @@FvckYourhedge completely disagree

  • @DarthTrader707
    @DarthTrader707 ปีที่แล้ว

    Might be the best SMB video I've seen. I'll be handing out this link every time I run into a frustrated new trader who is getting down.

  • @bgz42
    @bgz42 ปีที่แล้ว +3

    I've been there... then I found credible sources like you guys! Even though I'm learning by myself, I don't feel like I'm doing it on my own. Thank you guys for all your helpful info.

    • @olegtsybulskyi5129
      @olegtsybulskyi5129 ปีที่แล้ว

      My friend is very interesting in trading. He has access to trading technology. But he earns barely enough to survive the family and cannot join the SMB training program. In addition, he has a long-standing dream to join the SMB community. He even works with a psychologist to remove his internal blocks. What can you advise him?

    • @makemoney1111
      @makemoney1111 ปีที่แล้ว

      Yes true

  • @MR_TRW
    @MR_TRW ปีที่แล้ว +1

    With any trading system, the market will offer you exits for your trades that are poor. If you are starting a position, the market may try to shake you out. If your confidence is low, you will most likely give in to the market’s bullying and take your loss. This is what you have prepared your mind for since your confidence is low. On the contrary, if your position starts to work for you, you are more likely to exit too early. Once you have a chance to lock in a profit, you do so sacrificing further significant profits. Or there is the chance you will hold a position too long, being offered the opportunity to exit like you had planned, but in the mindset of losing money. So you are more likely to let that stock reverse and wipe out your profits. The market demands that you believe. You can train at the best prop firm in the country, but if you do not believe that you will succeed, then you will not. If you cannot visualize yourself as a successful trader, then you will never become one. If you never obtain the confidence that you will succeed, then you will not survive to enjoy the most opportunistic markets.
    LOVE THIS BOOK
    MILTON FROM SOUTH AFRICA!

  • @alecunkel2471
    @alecunkel2471 ปีที่แล้ว

    this video deserves more upvotes, upvote it people

  • @Weltbummler23
    @Weltbummler23 ปีที่แล้ว +5

    Inspirational man… im in this boat right now. 15 months in, feeling like i hit the wall and progress leveling off, but i know theres more i can read and learn. Will keep at it. Thanks for everything you do, i watch your clips often.

    • @ohmytrex7554
      @ohmytrex7554 ปีที่แล้ว

      Why do you feel like you’re hitting a wall? How’s your trading going so far? I’m opened to reviewing your trades if you want

    • @Weltbummler23
      @Weltbummler23 ปีที่แล้ว

      @@ohmytrex7554 as lance mentioned in #1, feel like I'm not gaining new insights and learning as much lately. Have made large improvements over the past year but over the past 2 months have plateaued out at around an average 2-3 R loss per week. Gonna try a couple new things next week, will see. In this case R is my average risk per trade not risk per week. Am making about 20-25 trades per week.

  • @michaeldarken5948
    @michaeldarken5948 ปีที่แล้ว +7

    I'm on my 3rd year of daytrading equities. I did swing trading and even futures before that. I am still struggling at break even .. but i am very slowly seeing improvement. Your video really really gave me hope. It's a lonely trading world out there. Thank you Lance!!

    • @doublepownage7571
      @doublepownage7571 ปีที่แล้ว +1

      Earnings season is a good time to swing trade good stocks. Think u can make good money just from that. Keep a watchlist to know thé stock then pounce when opportunity arrises.

    • @FvckYourhedge
      @FvckYourhedge ปีที่แล้ว

      Id you have 3 years and You stilk don't get it.
      You're not gonna get it man. accept it. Trading need an Specific type of personality SPECIFIC

    • @linda.ekstrom
      @linda.ekstrom ปีที่แล้ว

      Keep up the good work. Think of it as an athlethe that are among the best in the world, or the best chess players or poker players in the world. None of them where consistant winners in 3 years. Not Even those that where born with talent. Hard work over time will get u there. Never quit! My mentor that ended up becoming one of the mist successful market players on wallstreet was negative every single month for over 6 years before making it. But when it finally clicked it took him 7 months to become a 7 figure trader. The ground work and the needed hours of experience takes the longest. Go for your dream!!

    • @jameslinmd
      @jameslinmd 10 หลายเดือนก่อน

      ​​@@FvckYourhedgenot really. There are different styles of trading cater towards people with different personalities.
      You just need to find what works and what doesn't. Only stick to what works and be consistent.

  • @44beebe
    @44beebe ปีที่แล้ว +1

    Thank you. It has been a long hard road, but I have never considered quitting.. The hardest thing for me is trading on my own. After paying for many trading groups I finally had to stop and just trade on my own. I wish I could find traders with a similar style to mine that I could share Ideas with for free. I have some trading friends, but the information we share is limited to the basics of trading psychology and risk management since we have different styles and trade different instruments.

    • @christinamccarter8869
      @christinamccarter8869 ปีที่แล้ว

      I think having an accountability partner is extremely beneficial for making sure you stick to your rules. I don’t necessarily think they need to have the same trading style to help you meet your goals. They just need to listen and acknowledge that you did or did not meet your goal for the day.

    • @vovanminh999
      @vovanminh999 ปีที่แล้ว

      Become a trader is independent job bro, you have to reply on yourself. Develope your own game.

  • @gr8filibuster
    @gr8filibuster 6 หลายเดือนก่อน

    @11:15
    I am literally reaching up to ring the bell. These choppy markets are discouraging.

  • @razzy1476
    @razzy1476 ปีที่แล้ว +2

    I think this is the video I needed to see the most!
    Thanks Lance and SMB !

  • @EMan-cu5zo
    @EMan-cu5zo ปีที่แล้ว

    Been at it for about 4 years but I work early in the morning so I don’t get to my desk till one thirty in the afternoon. Sometimes it’s for the better other times for the worse. Haven’t had the best year this year but better than last. My first year was by far my best.

  • @thealternativecontrarian9936
    @thealternativecontrarian9936 ปีที่แล้ว +1

    None of the successful traders who have made a million a year or ten million per year have ever said, "Trading is easy." It is always hard and always will be hard no matter your experience or skills.

  • @Theresaa12
    @Theresaa12 ปีที่แล้ว +2

    I am experiencing one of the most challenging phases of my life... Lost a fortune lnvesting in emerging companies. How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

    • @EverlyndPerez
      @EverlyndPerez ปีที่แล้ว

      Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge

    • @gregorywhem
      @gregorywhem ปีที่แล้ว

      I agree, based on personal experience with an investment advisor, I currently have $985k in a diversified portfolio with exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable.

    • @HarrisRyan-oy8eo
      @HarrisRyan-oy8eo ปีที่แล้ว

      Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

    • @gregorywhem
      @gregorywhem ปีที่แล้ว

      *Alicia Estela Cabouli* Her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting a financial advisor.

    • @RickWatson-xu6gw
      @RickWatson-xu6gw ปีที่แล้ว

      I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds soon. Thanks

  • @cloudreaver
    @cloudreaver ปีที่แล้ว +3

    Damn, I needed this pep talk. After making a ton of money in May and June, I’ve been losing money since July and August. I know the potential is there. I know some of my strategies work. I just need to wait and focus on the easy layups. Capital preservation is key. I cannot lose so much that I’m out of the game. My future is gonna be so bright 💪

    • @TheOneLanceB
      @TheOneLanceB ปีที่แล้ว +1

      Especially w that attitude! Shine on brotha!

  • @EK-ko9sh
    @EK-ko9sh ปีที่แล้ว +4

    Great story, gives me some hope. def need to find help so I don't keep feeling alone in this struggle. I'm about 4 years in and down past any number I feel I can recover from in my lifetime with trading (at my current skill set anyway, since all these people talk about how easy it is) Still grinding though trying to learn, thinking maybe it finally clicks at some point.

    • @group_of_likeminded_traders
      @group_of_likeminded_traders ปีที่แล้ว

      I feel you a 100%
      Have also started trading around 4 years ago and slowly getting a bit above breakeven...
      It is a very hard and difficulte journay but very rewarding and full of self development.
      If you want to connect let me know, I am mainly daytrading indices.

    • @davidmiller-zf8zl
      @davidmiller-zf8zl ปีที่แล้ว

      I'm deep into year 4. I've been break even for 18 months and feeling like I'm so close. There are plenty of days that I wonder if I've made a huge mistake. Living off my savings for almost 5 years is a mental battle for sure. I wish both of you the best of luck!

    • @group_of_likeminded_traders
      @group_of_likeminded_traders ปีที่แล้ว

      @@davidmiller-zf8zl
      Which types of markes are you trading?
      And are you more of a swing or daytrader?
      And do you want to connect and exchange experiences and push each other forward?

  • @quantum7401
    @quantum7401 ปีที่แล้ว +1

    I'm done day trading. It's overcrowded with too many people and too many computer programs all scrambling to take the first cent. I'm going back to selling 5-delta option leaps.

  • @jamesmcgall70
    @jamesmcgall70 ปีที่แล้ว

    I’m curious how often your traders will trade the big 3 exchanges: NDX, SPX, and DJX, or their association ETFs. Not the specific companies within those markets.

  • @cruiseanthony4022
    @cruiseanthony4022 ปีที่แล้ว

    Lance question...within your journey did you trade options too ?

  • @dongtv5919
    @dongtv5919 ปีที่แล้ว

    Blew my account its only 200 bucks but I'm still studying i need to be profitable this is my only chance to succed in my financial life. 💪

  • @wunderjanka
    @wunderjanka ปีที่แล้ว +1

    Great story Lance! Thank you for sharing it with us. SMB - Amazing work! It’s so encouraging and nourishing to see your videos.

  • @Solairethedarksoul
    @Solairethedarksoul ปีที่แล้ว

    The last three months has been so bad I think of giving up even though I love reading charts….I’m three years in I thought i was getting good, but i keep buying stocks when the broader market is at a premium… or I keep trying to buy breakouts….I’m terrible.

  • @marklasky3555
    @marklasky3555 ปีที่แล้ว +1

    So great Lance thank you so much...back to the origins of your decisions and commitments you've made..I haven't come this far to give up but to only get better at least 1% everyday.

  • @kennygaddy9899
    @kennygaddy9899 ปีที่แล้ว

    Hearing what others have gone thru just as I have gives me hope. Tx

  • @dazisgud
    @dazisgud ปีที่แล้ว

    But will you share your edge or how to find an edge?

  • @leon21th64
    @leon21th64 ปีที่แล้ว

    10 million a year mean that you have to make the neighborhood of 65 to 70 thousand dollar profit per day assuming you win 80% of days in a year (~250 trading days).

  • @mrmcku
    @mrmcku ปีที่แล้ว +1

    HUGELY inspirational! Thank you so much Lance, Mike.

  • @olegtsybulskyi5129
    @olegtsybulskyi5129 ปีที่แล้ว

    My friend is very interesting in trading. He has access to trading technology. But he earns barely enough to survive the family and cannot join the SMB training program. In addition, he has a long-standing dream to join the SMB community. He even works with a psychologist to remove his internal blocks. What can you advise him?

  • @ronlobo707
    @ronlobo707 6 หลายเดือนก่อน

    So inspiring Lance, thanks for sharing!

  • @orlandogarcia3018
    @orlandogarcia3018 ปีที่แล้ว

    I watched your Webinar and I'm interested to trying to be part of your firm but 1 little problem is my 6am to 8pm shift Market hours conflict

  • @nikhil9154
    @nikhil9154 ปีที่แล้ว

    What is the annual portfolio percentage return that you target?

  • @chadm3850
    @chadm3850 ปีที่แล้ว

    They all look special. Thats the key to being a trader

  • @joefeinstein6804
    @joefeinstein6804 ปีที่แล้ว +1

    Great, great advice - thanks a million!!

  • @DjDanHolloway
    @DjDanHolloway ปีที่แล้ว

    Just a shame their isnt any real mentors on youtube but rather kids that are experts in marketing that are here to take our money

  • @emmanronaldo
    @emmanronaldo ปีที่แล้ว +1

    Lol, not even thinking about it!!! I'm in this for the long run.

  • @milanbanicevic6601
    @milanbanicevic6601 ปีที่แล้ว

    Lance the man, I love his work so much.

  • @Trader.beginner
    @Trader.beginner ปีที่แล้ว

    I am new to trade and I am doing from UAE , I never had any advice except watching few videos in yt, my capital comparably very less however I could see the opportunities yet I do early close due to fear and sometimes overtrade which makes me lose past year, now I start doing swing trade which makes my loss limited 😢

  • @Fenix_Trader
    @Fenix_Trader ปีที่แล้ว +1

    Thank you and respect 🙏

  • @jamesesparks
    @jamesesparks ปีที่แล้ว

    Is Futures a possibility with this?

  • @perficete1000
    @perficete1000 ปีที่แล้ว +1

    Of course! Don't give up! We need sheep to shear them. If all the weak traders leave, it will be much more difficult to rob the strong ones. So, stay and try to trade until you completely empty your account. Only then can you leave, but not before.

  • @coolx9357
    @coolx9357 ปีที่แล้ว

    this is awesome. Thanks for making this video.

  • @tradergirlatx
    @tradergirlatx ปีที่แล้ว

    Damnit, Lance. You made me cry.

  • @SurfsFlatTrader
    @SurfsFlatTrader ปีที่แล้ว

    Thank you, Lance and SMB! Needed to hear this.

  • @leslypompy1357
    @leslypompy1357 ปีที่แล้ว

    Thanks Lance. I really needed to hear that motivation.

  • @yj677
    @yj677 ปีที่แล้ว

    high risk high reward is what they say. easy risk easy reward is what u should be looking for.

  • @mikem4251
    @mikem4251 ปีที่แล้ว

    Still working on my plan. Maybe one day i will make enough to be able to sign up

  • @Nagaslingshot007
    @Nagaslingshot007 ปีที่แล้ว

    5 years trading .. I have my setup that works 8 out of ten... But still making loss... I always screw with silly mistake..

  • @kyl83
    @kyl83 ปีที่แล้ว

    Thank you for sharing; this video is gold

  • @kevinhuber8939
    @kevinhuber8939 ปีที่แล้ว

    Great video, thanks for posting

  • @Sebastian-qx3fu
    @Sebastian-qx3fu ปีที่แล้ว

    Woww guys. I love this. Thanks😎

  • @john2097
    @john2097 ปีที่แล้ว

    Thank you for sharing this video

  • @movingtraderofficial
    @movingtraderofficial ปีที่แล้ว

    Great video.

  • @hassann.mugisha6084
    @hassann.mugisha6084 4 หลายเดือนก่อน

    Guys , i have been trading for 6 months built my account from 20k to 40k and within 3 weeks i have lost 3/4 of this profits , its been the hardest thing i hv ever been asked to endure

  • @darrenboyer7609
    @darrenboyer7609 ปีที่แล้ว

    Great video

  • @terrykunath7037
    @terrykunath7037 ปีที่แล้ว

    Great video guys! Keep the coming

  • @jasonhouchins1230
    @jasonhouchins1230 ปีที่แล้ว

    Still working on it.

  • @anibaltorres6308
    @anibaltorres6308 ปีที่แล้ว

    TY Lance

  • @cileniomagul
    @cileniomagul ปีที่แล้ว

    Thank you Lance, you videos are so helpful ❤.

  • @kamleshgorasiya8923
    @kamleshgorasiya8923 ปีที่แล้ว

    Is there any possibility to trade in US market from India?

  • @lampkin9287
    @lampkin9287 ปีที่แล้ว

    Thank you Sir.

  • @_N0_0ne
    @_N0_0ne ปีที่แล้ว

    Thank you

  • @Gee-lo6cb
    @Gee-lo6cb ปีที่แล้ว

    Exactly the wisdom I needed to hear. Thank you.

  • @terrywilliams2349
    @terrywilliams2349 ปีที่แล้ว

    Thanks I needed this!! 🙏🏾🙏🏾💯

  • @untetheredquest7417
    @untetheredquest7417 ปีที่แล้ว

    Thank you for this video.

  • @LJ-Pontoonboat
    @LJ-Pontoonboat ปีที่แล้ว

    Amazing content. Thank you

  • @bashirpaikar1326
    @bashirpaikar1326 ปีที่แล้ว

    There are 2 types of loser 1-loser 2- super loser, I am super loser lost everything currently doing Uber but I won’t let that go everyday I am getting stronger and keep losing I know and I am able I guarantee I can make it that’s it.
    P.s
    I talk about Forex not stocks

  • @G_Mac_Trading
    @G_Mac_Trading ปีที่แล้ว

    Thank you for your wisdom

  • @chadeugene905
    @chadeugene905 7 หลายเดือนก่อน

    Im new to trading started back in July of last year. Started trading my live account in December of last year and blew that one up. So im on my second account but it’s my personal one and I am inconsistent as hell and im losing my damn mind. This has been one of the absolute hardest things I’ve ever tried to do and I don’t want to quit, but goddamn I’m struggling

  • @yoginacharya2150
    @yoginacharya2150 ปีที่แล้ว

    Great video 👏🙏

  • @samuelhndourado
    @samuelhndourado ปีที่แล้ว

    Obrigado 🇧🇷

  • @Ben-iq3dv
    @Ben-iq3dv ปีที่แล้ว +1

    thx lance

  • @sk-ow3cr
    @sk-ow3cr ปีที่แล้ว +1

    2.5 Years in. Hell no to quitting!!!! Keep going people. You will get there. P.U.S.H (Persist Until Something Happens).

  • @christinamccarter8869
    @christinamccarter8869 ปีที่แล้ว

    Great insight into being persistent. I created a trading psychology video for how to goal set specifically for traders who struggle with establishing and maintaining good habits. I believe I use overtrading as an example throughout, since it is so common in the trading community.

  • @oceanblue2386
    @oceanblue2386 ปีที่แล้ว

    Okay I bought the book but I see I missed a step. Mike I invite you to come speak in my living room.

  • @ryugurena3327
    @ryugurena3327 ปีที่แล้ว +1

    I already gave up but I'm gonna shamelessly try again and pretend I never actually quit lol

  • @june_anne_marietonido7534
    @june_anne_marietonido7534 3 หลายเดือนก่อน

    Hey man ive been struggling in my trade for almost a year now

  • @Pgi458
    @Pgi458 ปีที่แล้ว

    Skip to 6:15

  • @khoakdoan
    @khoakdoan 9 หลายเดือนก่อน

    experience experience experience!

  • @totorina4353
    @totorina4353 ปีที่แล้ว

    Très encouragent merci

  • @paws4thought449
    @paws4thought449 ปีที่แล้ว

    Taken me 15 years guys but mental health has always been a struggle with me

  • @GXR-TRADING
    @GXR-TRADING ปีที่แล้ว

    Great!

  • @ronredmond
    @ronredmond ปีที่แล้ว

    I've been consistently profitable for the last 8 months of my 4 year journey, might break 6 figures this year. The idea of sizing up when I'm ready, makes me sick. =P