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Easy to Do

Finding consistency is trading is extremely difficult. According to who you talk with, the failure rates of traders is between 90-95%. If you find a strategy that is “easy to do”…. Should you do it? Not according to this person. Greed is a truly blinding force of nature.

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Transcript:

Greed truly is blinding.In this video I wanna talk about how greedreally is kind of nasty and it, you know,I don't wanna call people dumbbecause I don't know if this person's dumb or not,it just was a dumb comment in the sense of logicand in the sense of just understanding a broad contextof trading as a whole but to think thatwhy is this person saying what they said,I'll tell you why, it's pure greed, it's pure ignoranceto the fact of no, I want more.Nope, I want more, I want more.And that leads a very, you know, distorted viewpointon not only trading but kinda just the life, or life, yeah,life in general.So, let's get to this comment and this discussionthat goes back and forth and I think you'll be able to seekind of, 'cause there's one word there, actually,let me set up the context of trading in generalfor those of you not aware, trading is very difficult.Statistics are heavily against youmeaning not, depending on who you talk to,anywhere from 90 to 95% of people that try to trademeaning try to gain consistency and all that good stuffultimately fail, so 90 to 95% of people fail.So, keep that in mind, that's the overarching contextand then we get through this discussion points here.So, this person commenting on one of my live trade videos.Scalper style picking up crumbs.You missing out on the big moves bro.One comment on that, total hindsight bias going on.Yes, I realize that when you get to watch these videos,my live trades, and then comment after you seewhat has already happened, of course you're gonna be able tothrow comments like that because, well,you know what's already happening,that's hindsight bias, that's a whole nother video,I'll do one of those another time.Now, Christopher comes in and he's got actuallya very valid, a very realistic, you know, viewpointof the market.Why not do what you're good at and be consistent?A bunch of medium consistent successful tradesequates to full time income.I'll take the crumbs and not have a day jobworking for someone else thanks.And then this person replies back,Clay is missing the big picture or money,he only reacts on micro moves.I've been on and off follower of him before.You can easily do it.Put five to 10 cent profit target when you enter tradewhen price makes new high on two to five minute candle.Did you catch what he said?You can easily do it.Do what?Apparently my strategy that I show in these videosbecause what makes it so easy is well, you only gotta gofor five to 10 cent moves and you look for a two to fiveminute candle that's going to new highsand then I guess you buy and then you just get outfive cents to 10 cents later.I mean and you can easily do it.Wait a second.But given the context of trading being very, very difficultand according to you, Harley, you just found something thatcan easily be done, so why in a business that vast majorityof people fail, are you not doing something that you justsaid was easy?That makes you an idiot.In fact, that makes you like the ultimate idiot.For somebody to find something that is easy to do,easy to implement, in a business that is extremely,extremely, extremely difficult and then to not do it,does that make it, no,of course that doesn't make any sense.Like I said, greed is blinding.Greed likes to punch logic in the face.Now, Christopher was a shining example.Hey, if this strategy is getting him consistentin a business where most people aren't consistent,then I'm all for it whether it's small gains or big gains,who cares?The strategy as a whole works out.But Harley, no, no, no.That's, they're crumbs and even though crumbsare easy to pick up, that's not, Harley,at least do the crumb strategy,I'm not saying you can't go to find something biggerand brighter but why would you not do the crumb strategyif it's in your own words easy to do?That just doesn't make any senseand it goes to show greed.Greed is nasty, greed is, and it distorts logic.It just, 'cause there's, to the logical personwatching this, you're saying yes, Clay, I get it,that's quite illogical.Exactly.But it exists and maybe it's existing with you.I'm not saying it is as a viewerbut that's the whole point of this.Let's do oh, some self audits, some self checks,and making sure that greed isn't distorting the way you viewthe markets because, you know, this is not theory,this is not an opinion on my part when I say greed can causesome tricky things, I have now provided an example ofa tricky thing that greed can cause the human mind to doand if you're new to ClayTrader mail,there's like a ton of other videos that you can go throughand get plenty more data points if you wantbut point here being, check yourself, run a self audit,make sure that greed isn't distorting your viewpointon not only trading but kind of life in general because,as you saw here, it can really cause people to be illogical.If you are 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 havea private trading community where you can tradealongside me and other experienced traders.So, what you see popping up on the screen right nowis both an information link, so if you click onthe Inner Circle one, that is going to take you tothe page where I explain all the details of what exactlycome with the community, both the chatroomand the newsletter and then the other imagethat has popped up is a behind-the-scenes tourwhere you can see exactly what is going to, you know,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, you know, when you join.So, definitely check that stuff out if you are interestedand thinking about, you know, wanting to join a communityand let me know if you have any questions.

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