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Fool’s Gold Disappearing

Fool’s gold only last for so long. When it starts to disappear, the signs can be glaringly obvious, unfortunately for some (as you’ll see), they still don’t want to acknowledge that trading the markets consistently takes actual skill.

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What's that I hear?That's called required skill.(intensifying swooshes)I'll probably come acrossa little bitter, jaded saying this,and I mean it tongue in cheek, joking around,but sometimes when bubbles are going onand big movements happen, it drives me nuts.Now of course, it's great that peopleare making money, that I'm making moneyfrom it and all that, but the downsideis always all the cockiness it creates,all the people just out there that run aroundand act like they have it all figured out,they think they're prodigies, they thinkthat they're just the greatest thing ever to the market,and you want to just shake these peopleand say, that's fool's gold, everybody makes moneyin the bubbles, it takes no skill.But when bubbles start to deflate,when bubbles start to act rationaland markets start to act rationallike they would in normal circumstances,it's amazing what happens.And here we have a case where it's startingto happen, but unfortunately this persondoesn't realize it, so I'm gonna use thisas a backbone of just, if you're somebodythat is making money hand over fistand you're pretty new, and your accounthas grown a whole lot, just consider,just all I'm asking is for you to at least considerand acknowledge that a possibilityis maybe you're just making moneybecause there's some bubble going on.And the bubble that I'm referringto here is with the marijuana stocks,the pot stocks, up in Canada and there's someof these Canadian companies now,and their stocks have just been goingand going, and going.But as of now, as of the recordingof this video, things have pulled back quite a bit.And I'm not saying the bubble is popping,but it's definitely deflated quite a bit,and these stocks are now startingto act a lot more rational like justa normal stock would act,and therefore require actual skillto make money from it.And here is, like I said, you can seethe fool's gold, it's starting to wear off.The skill requirement train is coming,and like I said, this person doesn't quite get it,but when he gives the numbers,he doesn't realize it but he's mapping out exactly that.So let's get to this YouTube comment.I sold all my shares off, I was up 80%,now I'm only up 34% though unfortunately.I was up over $1,000, now I'm only up $500.I'm getting back in, but not sure when.The whole stock market looks likeit's going to be coming down even further.There you have it, up 80%, now all of a sudden only up 34%.Had $1,000, now that's been cut in half to $500.And it's only gonna get moreand more worse for these people.It's only gonna get more complicatedbecause now, guess what?You don't just get to buy somethingand hold, and just have everything go upbecause that's what bubbles are.And this is just, like I said,this person, I've tried to help this person realizeit, but they're just blinded by fool's gold,and I don't blame him in that sense because I get it.It is a logical thought process to havewhere, why would I listen to somebody telling methat I don't know what I'm doingwhen my account says I do know what I'm doing?I get it, like I said, but welcometo the cruel world of the marketand the cruel world of actually tryingto learn how to trade, because yeah,there's lots of things like thatwhere it's logical for this personto think that they have it figured outbecause their account has grown,but when you try to tell somebody that,well actually there is no skill requiredbecause it was a bubble, they don't want to listen,and they still don't want to listen even though,to their own omission, they're actually talkingabout some very nasty numbers.From an 80% growth now only at 35%?That's a pretty hard downtrend, and it's only goingto continue unless the bubble allof a sudden just ignites again.But as it stands right now, all these sortsof stocks do require skill at this point in time,and a lot of these people are now kindof waking up to the fact that oh,yeah, this trading thing actually does take hard work,it actually does take a true game plan.Buy and hold is not really a game plan.Now if you're talking about investingfor the next 40 years, that's totally different,but this person is talkingabout it from a trading perspective.And just buying and waiting for it to go upover the next couple of days or coupleof weeks, yeah it might work during bubbles,it might work if you just kindof luck out, but over time, it takesa whole lot more skill than that.So just realize that if you're in this situation,and like I said, if you're sufferingfrom fool's gold, you pry already turnedoff this video, but all I'm askingis for you to at least acknowledgea possibility that you know what,maybe the only skill you've had is the bubble,and there's nothing wrong with that,but what needs to happen now is acknowledgingit so that you're ready to startto correct it and realize that thereis more to trading, and it takesa lot more skill than what justa lot of these people have been experiencing.If you are out there trading alone currentlyand maybe are in the market lookingfor 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 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 on, that is goingto take you to the page where I explain allthe 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 see exactlywhat is going to be 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 youare getting when you join.So definitely check that stuff outif you are interested and thinkingabout wanting to join a community,and let me know if you have any questions.

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How to Kill Your Stress, Fear, and Frustration as a Trader