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Another Trader Destroys Themselves: The Cycle

I see this cycle happen over and over again, and yet… well… again, it has claimed another trader and thrown them into the statistics pile of 90% fail. The crazy thing is, this trader knew they needed help and to improve, however… you’ll see.

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Transcript:

Aaargh, the cycle got somebody else.Before I go any further at all,I don't like to see this happen.I don't enjoy it.It's not like I'm like haha.But it's very frustrating.And I'm gonna try and just stay calm,not let the adrenaline take over.But it really drives me nuts.And I think what drives me nuts the most,is when you do try to help,when you do try to point people in the right direction,they're like no, you're a scumbag, you're a scam artist,you're just trying to sell me something.You're a snake oil salesman.And I get it.I really do cause there really is so much garbage out there.I've done a video The Dream is a Lieand I'll put a link to that down below,where I talk about just kind of the very shady thingsout there that are done.So I get frustrated that they're accusing me of that,and not necessarily at them because I get it,I understand where they're coming from.So I suppose it's more frustration just towardsthe general let me sell you something type crowd,because it really does muddy the watersand it turns people so jaded.And then they get into this little cyclethat we're gonna go through.And then a lot of timesthey simply never recover out of it,like you're going to see here.So what is the cycle?I'll show you something.This is not talked about in theory.There is something from YouTube that I'm gonna take out.But we have somebody that is new,and the interesting dynamic hereis that they're aware.What do I mean aware?Well that they actually know they're new.They know that they don't actually knowwhat they're doing.They know they have things that they need to learn.They know that certain dynamics would benefit them.And they're aware of it.Some people out there, they have no idea.They're either being corrupted by fools gold,they're just flat out arrogant.And by no means, when I got started, that was not me.I showed up and I said this many times before,but I was telling my wife in college right beforeI graduated, I don't think I even need this degree.I think we're gonna be rich on this penny stock.So for me it was probably ignorance slash arrogancethat really consumed me up front.But some people are indeed aware.But then there's always this.Until.What do I mean by until?Yeah I'm aware, I know this, and I'm going to doI'm gonna check the box of what I know I should be doing,what I'm aware of.But I need something first to happen.Until something happens, but when it does,I will go and check that box.And this happens all the time.You know, this box can be just anything that's a benefit.And again, it all circles back to, they're aware.They're aware of them just being,yeah I'm new, I have something to learn,I have stuff I need to get better at.I've had some gains.But if I'm being honest, I'm aware it's all just been luck.Yeah, I need to do that because it's gonna be a benefit.But, and then there is always a but,something else needs to happen with the until.And let's just hop into this YouTube comment that I got,and little bit of background.This person has commented on other videos.And I would reply back, and just pretty much let them knowpretty much, hey you know what,I do offer a trading group,it's only $99 a year, so it's more than fairover the time span of 12 months.I'm very confidentyou're going to get at least $99 of value.But the way you're talking,the way you're going about things,I really think the $99 would be a great investmentinto yourself to help you and just get you on the trackthat you want to get as a trader.To which the person agreed, yeah yeah, that's true,but you know and in this situation it was, actuallyI don't remember so I'm not going to say that.But there was some sort of stock where yeah I just need thisand until this happens, but when it does happen,then I'm gonna join the groupand I'm gonna put the ax to the grindstone.And it's always one of those things where it'soh here we go.Here we go.They're always putting some little hurdle excusebefore what they know they need to do.But they're still just throwin that in there,the kind of little disclaimer, the until disclaimer.So let's see how this turned out.I'm screwed with acb.I've pretty much accepted that it is a scam stockand company.I've lost thousands.It's down and done for this year and I don't see itdoing anything much in 2019.And then they go on and just make a couple other comments.This person then follows up and saysI don't see myself joining your group anytime soon.I'm staying far away from the market to lick my woundseven though this is probably the time to buy stocksat a discount if I'm not mistaken.You see what happened?The whole, well until the stock,I'm tryin to tell him, you're going about thisthe wrong way buddy.You're puttin way too much faith,your trade plan is severely flawed.You might wanna tap the breaks.Yeah you're right, I'm aware but until the stockdoes what it's gonna do, but, and then what?Lost thousands.Lick my wounds.Why?Because they didn't know what they were doing.And they knew they didn't know what they were doing.But for whatever reason,the human mind through the little until face here,and now you can see yeah I took a beating, I lost thousands.So now what?They can't, they can't do what they don't wanna do.I can't say for sure.I don't know if it's, I hope they can still afford $99.If they literally blew their whole account then man,that would be a buzzkill.But regardless, so I can't say that they can't,or maybe they're just so dejected and demotivatedthat they don't even wanna do that part anymore.But this happens a whole lot.It's a vicious cycle and don't let yourselffall into it.I get a lot of times it's yeah, yeah, yeah,I'm gonna invest in your course cause I knowyour course is gonna help me, but first, insert blank.And it's just like what do you mean there's a but first?You just told me that you're awareand you want to invest in something,but always but first, until.In this case it was yeah I want to join your group.I know joining your group would be awesome,especially, hey it's $99 for a year, I wanna do that.And now what do they say?Yep, I'm not gonna be joining your group anytime soon,lost thousands, licking their wounds,because there's always this extra little barrier,this extra little hurdle that a lot of people put in the wayof what they know they should be doing.Like I said, I don't say this looking down on people,because I get it.From their perspective, it makes sense,especially when there's so much shadiness out there.But just be aware of it and just realize thatwhen you're aware of things,don't put more hurdles in the way before you shouldbe doing what you should,what you know you should be doing.And a lot of time, I'd be lyin if I said every time,but many, many times during this stage right here,something happens in a negative sense.And all of a sudden, you don't have enough moneyto do what you wanted to do,or now you're thinking well I still need some money to tradeso I can't use the rest of my moneyfor whatever I wanted to do.Or else you're just very, very discouraged.You're licking your wounds and you don't even wannaprogress any further.And this happens a lot.There's a reason why 90% of people fail.And one of the reasons is because of this cyclethat new people put themselves into.Again I don't necessarily blame them.I'm not calling them stupid for doing it,cause I do understand why.But that doesn't mean that it doesn't exist,and it doesn't mean that it won't jump upand bit you pretty hard.So be aware of this cycle.And ask yourself,if you're aware that you shouldprobably be doing some different things,how many hurdles do you have a bunch ofin your until phase?If you have some, consider just getting themout of the way right now,so that you can go and check that boxin terms of what you should be doing,that's gonna benefit you.If you're out there trading alone currentlyand maybe are in the market looking for a community to join,to assist you in your trading, or to just help you,give you another set of eyeballs,then I do have a private trading communitywhere you can train alongside me and otherexperienced traders.So what you see poppin up on the screen right nowis both an information link,so if you click on the inner circle one,that is gonna take you to the page where I explainall the details of what exactly comes withthe community both with the chat roomand the newsletter.And then the other image that has popped upis a behind the scenes tour,where you can see exactly what is going tobe contained within the community.I take you through, like I said,a behind the scenes tour of everything.And that way you'll know precisely what you are gettingwhen you join.So definitely check that stuff outif you're interested and thinking aboutwanting to join a community.And let me know if you have any questions.

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