While our guest had always known about the market, he had a bit of a twist in the sense that everything he heard about it was negative. The cherry on top was he also had a friend who was personally affected by losing all their money in the market. Our guest from the community, Greg, realized that if he were to ever get involved in the market, he would need to focus on his education first. Unfortunately, the criteria which was taught needed a very specific criteria which led to less than 10 trades an entire year. This type of long term trading did not fit with Greg’s personality. After trimming the criteria, he started taking many trades and this led to ‘death by 1000 cuts.’ He took a small account down to practically nothing and this led him to wake up and realize for long term growth, something needs to change. Where did it all go from here? Give the interview a listen!
Notes:
Today we interview community member Greg. While he had always known about the market, everything he heard about it was negative. He also had a friend who was personally affected by losing all their money in the market.
Greg realized that if he were to ever get involved in the market, he would need to focus on his education first. Unfortunately, the criteria which was taught needed a very specific criteria which led to less than 10 trades an entire year. This type of long term trading did not fit with Greg’s personality.
After trimming the criteria, he started taking many trades and this led to ‘death by 1000 cuts.’ He took a small account down to practically nothing and this led him to wake up and realize for long term growth, something needs to change.
Greg found Clay on Youtube and decided to go through the University program. His main goal is to have more time to spend with his family and while his time is limited, he always finds a way to make time for his studies.
Where as most people focus on only the results, Greg has realized that in almost everything in life, focusing on the process is much more valuable and an truly lead to long lasting success.
Quotes:
For a majority of my adult life I had no interest in the market. Everything I heard about the market was negative.
Trading is a skill set that can be learned. You’re not born a winning trader or a losing trader.
Even having education, there is so much more that goes into it. I underestimated the emotional component.
I’m not looking to be entertained. I really want to learn it and learn it well. I want to be able to do this.
Maybe instead of a streak of green days, I can try to have a streak of days where I don’t break the rules and then celebrate.
