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3,000 Stocks? (gotta learn basic vocab)

I would think what I talk about is blatantly obvious; however, this real life piece of data suggest otherwise. Is it shocking to see this person being slaughtered in a trade?

ClayTrader Mail: Be Strong! (Kind of…) ClayTrader Mail: Blinding Bitterness ClayTrader Mail: Results of Lost Logic. ClayTrader Mail: Logic Slipping Away. ClayTrader Mail: A Great Discussion. ClayTrader Mail: I Suck at Business!

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Transcript:

I mean, it takes much more than the basicsto have success, but I mean at least have the basics.(intensifying swooshes)I fully admit, I could be accusedof nitpicking here, however thereis more confirmation that I think solidifiesthe point here and the assumptions that I'm making,and this comment comes from YouTube.And as I read it, you're gonna say wait,no that's not what you meant.And sure, it could be a typo, but like I saidthen the second part of the sentence occurs,and it's pretty much just confirmation that yeah,this person really has no idea what they're doing,they're out there, and they're just makingit up as they go, they're buying and hoping.But the point here that I'm tryingto get across is, you need to know the basics.And I realize that, I'm hopefully statingthe obvious, but here is another data pointof somebody that is clearly out thereputting their money on the line withouteven knowing the basics.And I get it, that's really bad, that sounds, really you.But I mean here it is, this is reality.And I bring this up not only to makethe learning point of hey, make sure you learnthe basics, but also to illustrate whyI don't want the failure statistics to scare you.'Cause when you hear of failure statistics of 90%,95%, am I saying that the personwe're about to see is the leading cause?Of course not, I'll fully agreethat this is probably more of an extreme situation,but there are lots of extreme situations,and these are the type of peoplethat are piling in to those statistics.They don't last very long, and it's not reallya shock to see that they don't last long,'cause here in this trade that they're in,they're already getting slaughtered on it,and it kind of makes sense why,because they clearly don't even understand just basicvocabulary going into putting their money on the line.So be motivated that if you are not this person,if you are actually treating the market seriously,I can't sit here and still guarantee you success,but I can say, you are far more aheadthan some of these people out there,case in point this example.So, let's get to this quick YouTube comment.So this person says, "I have 3,000 stocks"at eight cents."Man, I hope it bounce up."Now of course, it's not 3,000 stocks, it's 3,000 what,I hope you're saying, you buy shares.You buy shares of stock.Again, could you say well, Claythat was probably just a typo.Maybe, but I don't think so, because then you goand what's there next, oh man, I hope it bounces back up.And the price that they give, I can tell youthat at the time of when that comment was left,the price was a whole lot less thanwhat they needed it to go.In other words, they randomly got into a trade,who knows why, they probably read somethingon social media or some message board,and now all of a sudden they are way underwateron it, hoping that it goes back up.And hold and hope, that's not a strategy as a trader,and that's exactly what this person is doing.But when you consider they don't even knowthe difference between shares and stock,is it any wonder why they're now in this bad situation?So even if it is a typo, which I'm like I saidpretty sure it's not, the moral of the story hereis, when you aren't where you needto be in terms of your understandingof the markets, then you should not be in them.And maybe you're saying Clay, so you're sayingI'm good to go, because I do knowthe difference between stocks and shares.I realize that this person bought 3,000 shares,not 3,000 stock, so I'm good.That's not what I'm saying at all either.You have, like I said, at least knowthe basics, but just knowing the basicsis not gonna be good enough to keep youin the game the long-term.You have to have a full encompassment of whatit takes to be a trader, how to put togethera trade plan, how to find stocks that make logical sense.What do you mean by logical sense?Well again, that's more the advanced parts of trading,because some things have logic behind them,other things don't.Some things, here's another example.Cut your losing trades.Well when does something actually becomea losing trade?If something's down 10 cents, is that a losing trade?Maybe, if something's down a dollar, is that a losing trade?Maybe, maybe it's still not considereda losing trade that should be cut.So you have soundbites, and just 'cause you knowsoundbites such as cut the losing trade,that doesn't actually mean you know how to definewhen something is actually losing trade.So at least know the basics,and I really hope that goes without being said,but apparently it doesn't, 'cause hereis this person out there that doesn'teven know basic vocabulary.But just realize that these are the peoplethat are out there, and when you seehigh statistics of failure rates,don't worry, if you're taking this seriously,don't let those stats scare you,'cause there's a lot of people that very clearlyare not taking things very seriously.If you are out there trading alone currently,and maybe are in the market lookingfor a community to join to assist you in your tradingor to just help you give you another set of eyeballs,then I do have a private trading communitywhere you can trade alongside meand other experienced traders.So what you see popping up on the screen right nowis both an information link, so if you clickon the Inner Circle one, that is goingto take you to the page where I explainall the details of what exactly come with the community,both the chatroom and the newsletter.And then the other image that has popped upis a behind-the-scenes tour where you can seeexactly what is going to be contained within the community.I take you through like I saida behind-the-scenes tour of everything,and that way you'll know preciselywhat you are getting when you join.So definitely check that stuff out if you are interestedand thinking about wanting to join a community,and let me know if you have any questions.

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