Why is learning to day trade so hard?
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I am talking to you today from St Lucia in the Carribean, as you can see the view is beautiful. If you do get the opportunity to visit St Lucia, definitely check out this resort which is called Ladera Resort. Another place that I would recommend is called Jade Mountain.
This has been more of a vacation for me, so I've not done that much work while I have been here. When I have opened the laptop you can see the amazing workspace that I've had, with such an extraordinary view.
I really wanted to do this video about why is learning to day trade so hard, for the people that are watching this that want to learn how to day trade and think that it will be easy.
This industry, including myself, show you all the beautiful locations and the lifestyle that you can have when you achieve success. A large majority of people think that this happens overnight and that is just not the case.
I've been doing this for over 15 years, when I first got out of high school I took out $25,000 in student loans to learn how to trade. I lost all of that money within a month and then did the responsible thing and took out more loans. For me this is what I always wanted to do, there was no option B or C so that I could have the freedom and lifestyle that I wanted.
When we now live in a world of instant gratification, wanting everything to happen now. Society has developed a lack of patience, which is something you are going to need if you want to learn how to day trade.
There is a process & journey you will go through that will develop you to have the right personality traits to be a successful trader.
I hope you enjoy this video where I go in-depth to answer the question, why is learning how to day trade so hard?
If you have any questions or comments please let me know in the comment section below!
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Also, learn how we day trading and traveling around the world for the last six years at . Our WanderingTrader sister site.a
Great Key statement… “People make time for what’s important for them”! Trading IS Difficult, but if we make the necessary sacrifices, we’ll see the Success, in due time! Peace ✌
Also its hard to over come that instinct to panic when you see $-3k
you’re obviously sizing too big if you panic with -$3k. size down so you can be down without panic
Panicked just reading this comment
Uargh, really nice video and nice content actually but the mono sound in the middle is horrible!
Great! Definitely this is very motivating, I would like someday to have something like that
Damn I love how real this guy is. When I first began my journey as a trader 2 years ago at 18, I was so optimistic about the results I would have. I thought it would be a walk in the park and I would easily avoid working a 9-5 job right out of high school. This was not the case at all… 2 years later and after blowing up 2 accounts, I am just now starting to feel like I am seeing the market through a different perspective. I am just now starting to feel like I’m learning more about myself and developing traits to SOMEDAY be a successful day trader. It’s never guaranteed and I’m still not profitable, but I do see progress. It IS a journey and you should never put a time limit on YOUR personal learning curve. Although I don’t day trade futures, I trade momentum stocks, every part of this video still applies.
Thank you for being so honest and transparent. The industry needs more people like this!
Boston: I appreciate your honesty. If it takes two blown accounts in order for you to have a different perspective — you have your answer in front of you — your lack! You had even indicated that there is no guarantee of being successful even after all of this. The title of this video should be: _Why is profiting from day trading so hard?_
Its not a sprint, its a marathon
how’s it going now? two years later?
thank you for your explanation thet is so honest, treading is the most hard easy job to do, and staying in a place as you do will cost so much in terms of sacrifice. thank you agen 👍
What is the place called? Looks amazing,
Great video… PLUS… you made your trip a write off.. BRILLIANT.
The last 5 of your videos I’ve watched are you saying the exact same thing for 10+ minutes
Will make it more interesting for you in the upcoming videos
hes a trader….. that sucks at making youtube videos
Don Robertson quit hating…i don’t see you making content…just hiding behind a keyboard….typical 🙄
Thanks a lot for your great videos, I ve been watching it , and to be honest, it really does help me a lot about my trading result. I have a question : how come I always feel so tense when i am focusing on market activities. I feel that the tension from watching it makes my heart in stress. How can I be so relaxing and focusing on the market activities at the same time. Thanks, a lot ( from Vietnam which by the way have a lots of nice resort, check out the Da Nang Intercontinental, very very nice )
Chi Hai Truong very true about tense feelings when trading. They say trade without emotion well that’s easier said than done
I will one day like to check out that resort
True words it can take years to develop the mindset for consistent profits
Wow. Your the first young trader that speaks as though he’s sharing wisdom of a 50 yr old. So much truth finally in a video that doesn’t focus on the Ferrari @ the end of a rainbow. You mentioned the person that u we’re not being able to sleep & waking up & pounding the screen & charts to demand the most out of yourself. Exactly the way I am. Except no defeat due to lack of effort. Make adjustments that cost u, patients is actually my one advantage, and refusing to remain beaten! Always learning & looking for the reason why this or that happened….. Wish I could of met u when u we’re taking on students. Thanks.
Florida.
Trading should be taken as a part time job, where you dont depend on it. After a coule a years, you should be able to replace your day time job for trading. And dont bet large amount of money at the beginning until you are consistent. Good Luck
Mike Sales it takes 12 to 24 months to find your trading style. How can you possibly learn in a couple of years if most people have wives and kids. This is not a career for someone with those responsibilities. Trading is not a part time job or hobby. You have fully dedicate unless of course you have more than 100k to spare. Then you can make 1 or 2 trades a month and make some money.
You’re probably rich but your seriously need a real filmmaker.
Need some help ?
God Bless Yousir im learning. Thank You Financial freedom is what im looking for
Im lucky,i have all the freedom i need to start learning to day trade,i have the next 24months to only focus on day trading,i quit my job in America last Friday and im on the airport now to go back home (South Africa) i have no job,no family,no girlfriend,i only have myself and going to give all my time to study…ps see you at the top
Sounds good my man
Learning to day trade is hard because 90 percent of the traders that fail do not have enough devotion and drive to take away all of the fun times they would have spent if they weren’t day trading day trading is the most time consuming job but the most rewarding
because it has incredible rewards! Anything worth achieving includes overcoming tremendous difficulties.
You have said nothing informative in this video what so ever.