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A Kool-Aid Test

Are you believing a bit too much in an investment or trade you have? If so, you are what we call “drunk of koolaid”. Thanks to a YouTube comment, let’s talk about a quick test you can give yourself to gauge whether or not you’ve been sipping too much on the koolaid.

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Transcript:

Are you drunk on Kool-Aid?Let's do a little test and this will help figure outif you are or maybe if you're pretty sober.(wind whoosh)What is Kool-Aid?Kool-Aid is just kind of a backhanded way of sayingsomebody really really either believes in a stockor somebody really just,I mean they are attached to a stock.Whatever reason, I mean there are many reasons.Like I said maybe they have, as one example, who knows?Maybe they're dad runs the company.Another reason.Maybe they just flat out have a lot of money in that companyso that's why they believe it so much.That's why they're drinking the Kool-Aid so much.But the point here is Kool-Aid is justa massive massive belief, an over-belief,in some sort of companyor really just kind of in anything in life becausethe term Kool-Aid comes from some cult type activity,but we won't go down that history lesson.But that's what Kool-Aid is, an excessive belief.So do you have an excessive belief in something?That's actually I would argue a very wise question.Wow, maybe you're holding some positions right nowand you're thinking, am I drinking Kool-Aid?Am I drunk on Kool-Aid?And like I said, that's very wise.And if you are, if you do determinethat you're drunk on Kool-Aid or been drinking too much,that's totally fine.Like I said, you're going about the pathwayof trying to improve and get yourself better.But I had this little exchange on YouTubeand as I go through it, you're probably gonna say, whoa.Calm, wait, what?This person is very clearly drunk on the Kool-Aidand they have way too much belief,so if you are this kind of defensive,if you jump to conclusions this quicklybased on certain other premises,then odds are you are drunk on Kool-Aid.So let's go through this and this was just on a...I take a technical chart and I'll do a video analysis on it.And that is where this comment is coming from,so the YouTube channel is my other onewhere I just do those video chart analyses.So this person says, in my opinion it will fly past 960.They have one of the best fundamentalsof all cannabis stocks.I reply back, thanks for the opinion.The numbers are facts. Clay must be shorting this.Remember if you're kinda new,shorting is usually attached to negative.Those are bad people.Those are just the scumbags of the earth.That's basically what shorting is attached to,especially when you're talking about these sorts of stocksthat this person is clearly very attached to.Now he gave himself away apparentlywith these are the best fundamentals ever.This thing's gonna fly.What a great pumper word there.It's gonna fly past 960, but putting all that aside,what was my reply?Thanks for your opinion.To which they then colluded, pfft, you're shorting this.How did you draw the fact that I'm some sort of scumbag,I'm doing something negative towards this stockby thanking you for your opinion?Do you see what I mean about being overly defensive?And I'm not saying this is the case for you,but this is one of the quiz questions you can ask yourselfto ensure that you're not sipping too much on the Kool-Aidand getting yourself in a situationwhere you are way too much believing in a certain company.Now if you're not defensive,there are other areas that you maystill be sipping the Kool-Aid.But at least in this quiz question within thatam I drunk on Kool-Aid,you would pass with flying colors.You feel like, whoa, wait a minute.How did you make that jump? No, no, no.I'm never that defensive where if somebody eeks...Well, I was gonna say where if somebody eeksone negative thing and then I fly off the handle.But in this case I didn't even eek a negative thing.I said thanks for your opinion and all of a sudden,I'm apparently shorting it.So I get that this is extreme, but it exists.And here is an exact example of it existingwhere unless you're literally saying,yes, that's for sure what's going on,then you're clearly bearish.You're shorting. You're blah, blah, blah.So are you defensive?Does little comments just set you offif somebody says something that is slightly disagreeingor if they call something I guess an opinion?Maybe that's what set this person off?But if you're answering yeah,I get pretty intense after I get in a positionand everybody better be talking positive about itand people better not be thanking for opinions.People better be saying, thank you for the facts,then yeah, you're probably drunk on Kool-Aid in that regard.And that's fine.At least you now know to ask yourself that question,but it's time to detox from the Kool-Aid becauseyou should not be that defensive at all becauseeither you're drinking the Kool-Aidand you have way too much money in itor you're just believing too much of what's going on.But just be very careful 'cause Kool-Aid is a nasty thing.And being this defensive kinda justmakes you nasty in general.But be aware of it and if you need self-correct from it,that's the whole idea behind these videosso we can run mental checks on ourselvesand make sure that our minds are onthe most efficient pathway as possible.If you're out there trading alone currentlyand maybe are in the market looking for a community to jointo assist you in your trading or to just help you, you know,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 linkso if you click on the inner circle one,that is going to take you to the pagewhere I explain all the details of what exactly comewith the community, both the chat room and the newsletter,and then the other image that has popped upis a behind the scene tour when you can see exactlywhat is going to be contained within the community.I take you through like I said a behind the scenes tourof 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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