Transcript:

we're goodYeah, I wanna quit trading stocks right now.Day trading, it really is so hard and a little context here,this video won't post until I think New Year's day'cause that'll make sense logisticallysince I am now done trading for the month,but I wanted to get this recorded right now justbecause I am, it's literally the day of...And yeah, I wanna quit.Now, it's not clickbait in the titlecause I really do, that's the emotion that's what's over meright now is I just wanna wave the white flag, be like,Clay, you're terrible, you're not good at this,just quit man, just quit.That's the emotion right now.Now, I've been here before over my trading career,so I know the feeling and I know what I need to do,and I'm gonna do that, so no, I'm not gonna quitbut yes, as of right now,I have no shame saying I wanna quit.And, I wrote down a couple of notes right here,that I wanna talk about, but this is gonna be,like I said, I feel like garbage right now.So upset at myself, so upset.Like I deserved it, I should quit because I am just...It's so pathetic and I don't want this to come acrossas like me whining, but if it does, to be fair,maybe there's gonna be me whining the whole timeat myself, but this is as raw as it gets.And I thought you know Clay, don't wait until a coupleof days when you come and do this video,just do it right now so people...'Cause I'm sure somebody's been there,I'm sure somebody has felt the way you felt,and just get it out there.And I don't wanna make this video at all, I really don't.I've learned to laugh with the trolls,but I'll also be honest,that the trolls every now and then, they still kinda,I don't know just the idea of the keyboard warriors,I'm still gets me and I know this videois gonna bring out some trolls,and I don't wanna give them the satisfaction, but I...Let me save trolls you the time,I mean, I assure you, you can't be any harder than on myselfthat I've already been throughout the day and what I'mat right now but I'm sure some people will still be there,but I guess that's just...I bring it to myself, I have a YouTube channelso I'll throw this up out there too,although it's not pleasant.And I'm already rambling but like I saidthis is just totally...Anyways. So let me set up some context here.So right here, you see the results goinginto today, before today.And it was a good solid month, 3250.I mean it was actually a really good month.My best trading day was right there,which seems a little backwards'cause it was the biggest losing day,but actually that day could have been so bad,so, so bad spoiler alert.Yet I actually behaved the way I should have behaved.And it, you know it was quote unquote only 1785 loss,but I mean I was able to fight back,stick with the strategy, continue to manage risk,I mean right there,basically a breakeven day, break even break evenbut point here being I was doing great,I was doing fantastic,I was happy with my results going in the day was up 3250.And from a little context point,this is just a side hustle for me,I have multiple streams of income.But my goal is to beat on every dayright around about 30 minutes.So, on average I'm done with trading as my...You know this income side hustle sourcewhatever you wanna call it, after about 30 minutes.So I get it, you can look around the internetand people like, wow I see somebody making 3,200 bucksin a single trade and that's awesome for them.But for me, this is a side hustle,and you know the per hour that I make is...I mean that's definitely per hour,I mean well over $100 per hour.And in fact, if you watched the last monthI showed my November results, I think that...I'm pretty sure that number came out to like...It broke down to when you do the math like $500 per hour.And I mean that's my worth my time but my point here beingis, I was doing fantastic coming today,so those are my results coming into todayand now let me bring up the results from today.And yeah, so, ugh, look at that,minus $6,400which now puts me on the month,I didn't do the exact math, but right around minus $3,000.Think about that, up $3,200 and then one day,one day, down $3,000.One of my worst, not my worst months in my trading career,I've lost more money than this before my trading career,I mean I've been doing this over a decade.So not my worst month monetarily speaking,but my worst month from just duck,Clay, what are you doing, man?What are you...What is going...Like you know better than that,like what is going through your skull?And I'm still tryna process it,and I just wanna walk you through thatbut it was just a terrible, terrible day, $6,000and let's see,okay, yeah, for my notes,why is trading hard such a fine line,and not a hater it's hard, okay.Just let me first start off with,if we've ever had any interactionor I've done a video or weave, or maybe I just come acrossas kinda being a hater, kinda being jealous towards peoplethat are maybe having success,so maybe you've told me about somethingthat you've done and you've been making all this money,and I throw something at you that suggests,you know maybe calm down a little bit,maybe it's not as easy as you think it is,maybe your strategy isn't,but it comes across as me not really patting youon the back saying, hey great job.And I understand why you would say Clay,you're just jealous of me, man, you're just a hater.You wish you had my results.And I understand why you would feel that way,but this is why I do that,because trading is hard, it's very, very hard.And I am letting you know that things can fall off the railsand things did fall off the rails very quickly, and I know,I get it, I would let that happen to me?I promise you, I was saying that to myself todayat the beginning of the day,I'm not gonna let that happen to me.Lose $6,000 in one day, are serious Clay?Is that even possible Clay?You're not gonna let that happen Clay.So all I'm saying is I'm not a hater,all I would encourage you to just realize is,I'm just trying to warn you.I've been here before I'm here unfortunately right now,these days are terrible.Like, all my goodness, bless my wife's heart, she knows,I mean it's just...These are bad days and I really, even if you are a troll,I don't wanna see these days happen to you,I hope they never happen to you,I hope you're always super disciplinedand this doesn't occur, but I just want you to knowthat I'm not offering up you a warningbecause I'm sitting here from a,I'm just hating on you, I'm just jealous.No, all it takes is one day and things can turn aroundand your gains can evaporate.I mean, from this point of view it's not likeI just gave back like, now this would have been terribleif I'd lost like all my month's gains and then allof November's gains, that would have been like,whoa Clay, one day and you lost all of Decemberand all of November, that would have been terrible.So it's not like it was that bad,but it was just like I said, mainly bad from the point of,you know better Clay.And then what did I also write on?Oh, why is training so hard?Training is so hard because it really is a fine line,all it takes is for you,for you to not follow the strategy,for you to mess up the strategy.Now of course, if you're brand new and you're beginner,you need to actually have a strategy, right?I mean that goes without saying,but after you even get the strategy,after it's a proven strategy to work,again, like I said, I guess I'll put the linkdown to the November results,so you can see the very previous month,had one losing day, all green days,it was a good solid month.Here, leading up, you saw the beginning,that one first trade was roughbut it still was part of the strategy.And then things went back to green,so that my strategy works, my approach works.The tools that I use, they work,but you know what didn't work today, this dude right here,this didn't work because it's a fine line,all it takes is a little twist and turn here or thereand things can get bad.Now to be fair, as it always gonna get minus $6,000in one day bad?No, that'd be a little dramatic, but it can get that bad,and it happened to me here today.So it's not always just, you know,it's very black and white.It is black and white this darkbecause you do have to have a valid strategy,like you need to build something that works for you.But even after you have that,it's still a balancing act because you gotta make surethat you follow what needs to be done,and if you don't, well things can get bad.What else did I write down here?Oh yeah, dumb greed.So let me actually walk you through,I think what has me the most upset,or the most pathetic, like I'm a loser.Like I am of the biggest loser, I deserve today,in all honesty, I deserved it, the market was fair to me,the market punched me in the face and I deserved it,and this is probably why I should quitbecause I'm just a greedy scat...I'm just as greedy scumbag, and I don't rememberthe exact order of this but pointer being,the day started off with some frustration,you can see some of these,so nothing really worked out there.Alright, there was you know, what? 50 bucks.There is another you know...So, I mean I was winning but it was kinda just frustratedlike, okay come on,come on just work with me here, work with me here.And then, guess what happened? Tesla happened.And I did very well with Tesla,in fact when you have Tesla and these other three,I was up over $500 on the day.And I wasn't happy with that, who isn't happy making $500and I think at that point, I don't know,I might be lying right now,I don't even think it was 30 minutes in,maybe it was a little past 30 minutes, I don't remember.But the point here being, I was up over $500 within...Let's just do this to make it easy,within an hour I was up $500 in one hour.Who's not happy with $500 in one hour, seriously.Like what kind of greedy scumbag, I can't even talk scumbag,loser is not happy with $500 in one hour.Apparently I wasn't, like what....I totally deserve this, I really do.And I'm talking to the future Clay,if I ever watched this back, I probably never willjust 'cause I'm so disgusted and I'm like,I don't wanna revisit, but I need to.But Clay, like that's pathetic man.That is pathetic that you were not happy with $500in an hour, especially when you know Clay,you know it's less than an hourbut you're just making the math easy to call it an hour,that's pathetic.I mean just dumb greed, I wrote down dumb greed.I guess I was just being dumb, flat-out greedy.And then what got me in this circles back to the fine lineis MRNA came along.And MRNA got in,well-intentioned,and then all of a sudden it did start to go my way.I thought well, we'll come on, come on you know I...This is the worst part, tomorrow is Christmas Eve day,and then, the next day it's Christmas, right?I did this to myself 'cause my...Oh I don't care, I'm doing this, I'm venting.Call me a whiner, call me what you ever want,but I'm getting it out of my systembecause after this video is done, I'm moving on,I'm gonna enjoy Christmas Eve with my family,I'm gonna enjoy it with...I'm moving on with it, so maybe the...Probably is totally whining but I don't care,this is my therapeutic relief right now,that wasn't a tear, maybe it was a tear,I think it was an eyelash but anyways,I gotta get it out my system,I don't even know where I was, oh yeah.So I made that and it didn't quite go in my favorand it felt like it wiped away all my gains,but was like, oh man I was just up $500 Clay,do I really wanna be, and I don't remember what it was.Again, this could be a lie but I wanna saythat I could have gotten out with like a 400, $450 loser.So I would have still been up like a hundred bucks,but for whatever reason up, Clay,you were just up 500 bucks man.Do you really wanna be done now with only $400.I mean, even an hour, where do you make...Well not many places in the worldcan you make a hundred bucks in an hour,but I wasn't happy with it.So then this is where the fine line comes into play.I was like okay, let me make this work.And what I did was I started to blend strategies,meaning I started one strategy,I started my entry point with one strategy in mind,but then I brought in another strategywhere I was going to add, well let me try to do thisfrom other strategies, meaning this.You don't want this in terms of, is this showing up?Yeah. You don't want this in terms of strategies.Strategies should be compartmentalized for a reasonbecause when you start to blend them,this is what can happen, it can get really nasty.So I started to blend strategies and you know,at the moment it really was just,okay let me just tweak it right here,but no, this is a fine line,trading is so hard because it's a fine lineand even little tweaks can result in disasters,and that's what happened here.A couple of little tweaks, fine line, boom,I took a big loss, and then from thereit was just down the road, okay let me make that work,and then boom, and I mean you can see.I don't know, I guess every trade,every time you scale in or out is technically a tradebut I didn't sit there and like make 133 trades up.Maybe, no.Well no, cause that was a buy and sell.Yeah. I don't know, I traded a lot today.The first trade was bad, and then took another one,I actually made a couple back and then it was just like,alright, let's go and it just...The wheels spun off the bus and it was just...I think that speaks for itself.,I mean I lost $7,000, $7,100 right there in MRNA.And then ultimately lost 6,400,because of all those reasons I just discussedand I wanna quit, I do, I don't deserve to do this,like I don't deserve to be a day trader,I shouldn't be a day trader when I behave like this.And like, why don't you follow the strategy Clay?Like you have a strategy, it was working, it does work.It's not perfect, nothing is perfect, but you...I don't know why you just, you know it is what it is.So I guess...In conclusion here at least I think it's conclusion,I don't even know how long this video has been going,how long is it?We're not even at 15 minutes, I got another,nah, I won't go that long but I'm trying some humorwith myself, I'm trying to lighten the load herebut this is actually helping believe it or not.So if you're still here right now,thank you for just listening to me,I guess come across as a whiner, but I do wanna...Two more points here,first off, this is why I would never recommend,why I don't tell people hey, listen,just be a full-time day trader like right now,quit your job.Or even if you do have a good strategy,this is why at least at claytrader.com, in my community,we are a culture, we are a communitythat's encouraging multiple streams of income.And this is one reason why you wanna have multiple streamsof income because as much as I wish I could say,hey you know what, buy my classes, follow my classes,and you'll always be making money,that's just not how trading works.I believe in my class, I believe I can help,but if you don't listen to the classes or me,if you don't listen to the strategy after you have it,this is what can happen.And, I don't wanna say it's gonna happen to youbut odds are, I'm very confidentthat somewhere along the line in you're day trading,swing trading, investing career,you're gonna have a trade, a day, a weekwhere you're just like, what was I doing?What was I thinking?If you're willing, can you likein the comment section below,have you ever been there before?Like, have you ever had something where...Or one of these days where just like, what is your problem?Like, were you just basically wanna quit'cause you're like, you know what?I'm just not goodness, but you know what?When you have multiple streams of incomeand I wanna encourage you this way,I would encourage you, research any wealthy person,anybody that you consider successful.And one thing that as far as my research is concerned,they all have multiple streams of income, all of them.Nobody's like, nope, I got my one stream of income mom,and I'm good with that.Nope, everybody I've ever studied has multiple streamsof income and I would encourage you to do that too.Because this is why you don't wanna put all your eggsin there, you know what?I'm a day trader basket, because days like this can happen.And if I didn't have other streamsof income coming in right now,I would be in flat out panic mode right now,I would be in flat out, just what am I gonna do?And that's not a spot that I want you to be in,that's not a healthy spot to be in,both from a physical, like mental perspectiveand from a, just a financial monetary perspective.You don't wanna have all your eggs in one basketin anything in life, especially in income streams,especially as a trader, right?Because days like this can happen,and I hope they never happened to you, I really don't.Would never wish this on anybodyeven the troll of all trolls.Because this has a very real threat of affecting meand my family now over the next couple of days of Christmasbut that's why I wanna do this video now justso you can be with me in the doldrums.But also like I said, you are like, this is my couch,and you're the therapist right nowand I'm just pouring my soul out,so that I can just move on from it and feel better about it.But I don't want anybody to be in this situation.However, you gotta realize thatwhen you have multiple streams of income which I do,it makes this much easier to cope with.And it makes it much easier to deal with and just realize,okay Clay, I know you wanna quit, it's hard,I know you wanna quit but just calm down,you have an infrastructure in placewith multiple streams of income.So that's why I will never, ever make fun of somebody,that's like, are you a full-time trader?Well, no, I have full time job.You don't trade full time, no good for that person.Ticker symbol J-O-B, fantastic.So don't feel like you can only ever be successfulas a trader if you just like quit and go full time,don't be like that.Your job, even if you don't really like the job,you know what, it's another stream of income.And that's what wealth building is all about,and when I say wealth,I don't mean so you can have Rolex watches,I just mean for peace of mind, that type of wealth,to know that you're in control.And because of my multiple streams of income,as bad as I feel right now, I still...I can get to the peace of mindand as I'm doing that right now, because of that.And the other thing is, don't quit, don't quit.I know the feeling, I'm having it right now.You're gonna come across or odds are,you're gonna come across a time in your trading journey,maybe you've been there before,and hopefully you never go back there again.But you're just gonna wanna wave the white flagand be like, I give up, I'm done, but just keep on going.Now, make sure, maybe not keep on going the way you are.I mean if you're randomly just kinda doing somethingand you know deep down that you're kinda just guessing,you're kinda just rant...You were getting lucky.I mean keep going but keep going in with different approach,keep going down a different pathway,but just keep going.But this is what makes it so hard for me isbecause I know better, like I can't sit here and be like,well, that's my cost of tuition,I'm just tryna learn the markets, I don't really know...No Clay, you know what you're doing like,what are you doing man? What are you doing?And that's what makes it 10 times worsethan any sort of monetary loss I can look at is,I so know better, and I wish I had it more of an answerother than the fact of, I was just a greedy Savage todayfor I don't know why, maybe it's because this,I was planning on this beingmy last trading day of the month.And I wanted just a little bit morebecause I wanna take off Christmas Eve and then next week,and I wanna just step away from the market,enjoy time with my family stuff.So I don't, maybe and that's a guess,maybe that was somewhere deep down where I was likeyou know this is kinda the last day of the year Clay,so are you really just gonna close with $500?Why not try to get...I really don't know.And I wish I could say that I was making a YouTube video,'cause I could see that it'd be in a justification.Clay come on, you're making a YouTube video for this one,let's just make it a little bit bigger than 500,I mean that actually makes sense,but that's the bad part is,I wasn't even recording today for a YouTube video.So I can't even throw that as an excusewhich makes us all the more frustrating'cause that actually makes sense.The YouTube voice is very real,and the YouTube voice is always saying Clay,make a cool video, you'll get more views,you'll get more subscribers like that's good Clay,make a cool video but that voice wasn't even,I can't even use that voice as an excuse.So I don't know what it is, but what is my solution?My solution is I am done,I'm done for the month, done for the year.So, it is what it is because what would definitely just...'Cause what I want right now is,okay Clay, it's only 3000 bucks,$3,000 divided by, they sell about five days left in the...So, I'm doing that right now.$3,000 divided by five days left,that's right around $600 a day, you can make that happen.That's a recipe for disaster,me now out there, I gotta get $600, I got to get $600.I don't think I can sound arrogant hereor condescending just because you see my results.But I mean I could pull it off, I really could,I can get 600 your dollars if I wanted to.I mean I have a high likelihood of doing that,I'm feeling confident in myself that I could do that,but that's also the problem is because I'm still in the heatof the moment and I'm probably lying to myself right now.Am I really mentally capable of continuingto trade over the next couple of days?No, no, no and this is actually good 'cause...Did you see me?I just try to, you see me to...I can do that.If I'm being honest, I can do that.No Clay, this is helping,this is helping quite a bit actually.You just got to see that, no I'm not mentally capable,I'm gonna tell myself I'm mentally capablelike you just saw me do, but I'm not.So I'm done, it is what it is, I'm closing this month red.It was a terrible, terrible month because of one decisionI made, well multiple the decisions but it is what it is.Where are we at time-wise? 22 minutes.So I mean that's all I have for you,don't be like me, you know what? Don't do this.Just realize how fine of a line trading isand yeah.It just that this is not pleasant at all, and I know better,and I'm throwing it out thereand you know, I get it, Clay dude,you're like, you offer classes.I do offer classes and all I will say isif you're looking for like a perfect teacher,if you're looking for like a teacher or coach guidewhatever you wanna call me,that does it right all the time,that always makes the right decisions, that always behaves,that always has their emotions under controland I realize the irony there,trade without emotion is slogan.If that's what you're looking for,if you're looking for the person that only ever makes moneyand the person that only,you know never makes mistakes and never...Then that's not me, that's not me.If you're interested in maybe somebodythat's gonna just throw out their messed up momentslike I'm doing right here, then that is me.But yeah, full disclosure on my sick,if you think that I'm like the perfect coach,the perfect teacher, the perfect trader,that's very clearly not the case here,but yeah, it's just not good,but oddly enough I do feel better about myself,I do feel better going forward because you listened,at least I think you're still listening.Actually I'm curious, we're 24 minutes in,if you're still here, can you comment below still here?Like, did you make it through all this?I understand if you're not, like I'm not offended at all,like next, this guy is too whiny,let me go check out another trader, I get it.I totally understand it, but if you are still here,in a kind of maybe creepy type of waybecause I don't think we've ever met in person, but thanks,thank you for listening, this has helpedand please just realize that if any of my videoslike I said, I started this I wanna end with it,if any of my videos, if any of our interactionshave ever come across like I'm hating on you,I'm jealous of you, I'm tryna discourage you,I'm tryna rip you down, I'm really not.I'm just speaking from experience and here we go,my newest data point of experiencethat trading can be really hardand it can get really nasty, really quicklywhen you're unsuspecting it.And I assure you I was not suspecting at allthat I was gonna be doing a video like thiswhen today started.But here I am, and hopefully you learn from itand I'm looking at the screen here,I think I've mapped out everythingbut I hope you all had a good end of the month,I hope you all did much better than I did,I hope you all had a good 2020.Talk about 2020 maybe this was on par for the year 2020but I wish this all myself included,I'm gonna get back on it, gonna get back at it.I think the first day is the third,but I'm done for training for 2020,I'm done and it's definitely the best for me'cause I'm just not mentally capable of it.And I just want some rest and relaxation anyways,I need to just chill out and like I said,I was already thinking about it beforehand,but seeing this and now I don't want rest for real, right?The thing that I want, is what I don't wanna do, right?I want, I know I need, just chill out it's the last weekof the year, the markets get super choppy anyways,who cares?But now I wanna go and throw myself into the Chop Festbecause I wanna try to get $600 a day backso I can at least break even on the monthbut that's not gonna happenand you listening really helped out,so thank you for listening,thank you for just hearing me out,and I guess trolls have had it,tell me how terrible of a trader I am, but I know,I'm well aware, I'm well aware of how terribleof a trader I am.I'm not refuting that at all, it was not goodbut feel free to pile on in the comment sectionI guess trolls are gonna be trolls,but for those of you that are just still herelike I said and listening, thank you very much.As creepy like I said as it sounds,I appreciate you listening, it's actually helped out.So I'm gonna move on, I'm gonna enjoy Christmas Eve,gonna enjoy Christmas day.And I suppose by the time you're watching this,I'm gonna enjoy Christmas Eveand yeah hopefully you're enjoying your New Year's day.So everybody take care and yeah,just remember what can happenwhen things things can get out of control.But yeah, thank you for listening again,I realize I keep repeating myself but I feellike there's something else that I wanna saybut I think I got it all wrapped up but everybody take care.First off, thanks so much for watching the entire video,real quick before you go,I wanna invite you to a live webinar,web class, training, workshop, online event,whatever you wanna call it,but it will be me live revealing to youwhat I discovered that has allowed me to transform myselffrom being an employee to being my own boss includinghow I had only one losing day out of 73 days in total.I'm going to cover three keysthat have helped me unlock profitable consistencywithin the markets.The first key is super weird,but in a productive type of way.The second key is super awesome because it quite literallyis wired into our DNA as humans,making it very easy to use.But in a cruel way, this becomes a pitfall for many traders,I'll explain it all though including howto avoid the pitfall that it creates for some.And yeah the third key when you hear it,sounds way too good way too good to be true,but it's not and I'll show you how it all works.Then at the end, I open it up for a questionand answer session that is again, totally live.Even if you can't make the live session,please still sign up as it will be recordedand you can go back and watch the replaythat I will send you.Click the image on the screen or click the link downin the description box, so you can get the date and timeand claim your spot which I should note is limited dueto the fact that this truly is a live event.If you have any questions, let me know,if not, I'll be seeing you soon.