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Mimic a Trader and Learn. Lie!

I see it all the time and I need to throw this information out there as it is truly one of the biggest areas where new traders lie to themselves. From a business standpoint, it’s a great way to generate revenue, but if you honestly think you can mimic another person and make money while you learn… then you are a total sucker. Let’s use a little logic and reason to break down and show why this thought process is a total lie.

Lots of data points here on how this “sounds good in theory” principle actually does not work in reality – http://claytrader.com/podcast/

The Time Value of Money Hesitating to Make a Trade? The Solution. How to Deal with Distractions Risk vs. Reward Using the Insurance Model The Market Makes No Sense. Use Charts! Be Careful of This Logic

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Transcript:

Stop lying to yourself.Seriously, this is like the biggest liethat you could ever tell yourselfwhen you just break down the logic.(logo booming)From a business perspective,this is a beautiful business modelbecause this is something that you can get all sortsof people to lie to themselves about and like I said,if you're looking to start a business and becomelike a trading guru, then this is how you shouldset things up because all you have to dois combine these two words and then,yeah, a sucker is born every minute.And I realize this is very stupid on my partbecause this is, you know, a lot of peopleare gonna want what I'm gonna talk about.But it doesn't exist and it's one massive liethat you are telling yourself.And again, this is not my opinion.I'm gonna break it down with some logic and some facts.Where did this idea come from?Well, I got a little customer service exchangeon my website, and I get this all the time,but I was like you know what, I'll do a video on it,and because apparently a lot of people thinkthat this is possible, that you can, you know,eat your cake and have it too,I think I said that saying right.But anyways, they want like the best of everything,but the best of everything doesn't makeany sense when you stop and think about it.And these people that are portraying this,they know that, but it sounds so goodthat of course they're gonna tell you thisbecause they want you to sign up for their service.So let's get to this exchange and then I'll break it down.So this is through my website, they contact usinterested in learning and mimicking your trades live.What's the pricing on that?I reply back, hi, the alert service is $99 per year.$99 a year and I can watch you trade live five days a week?No, you can hang out with me in a chat roomand get my weekly email newsletter.That's not what I'm interested in.Maybe you see kind of where there's some faulty things here,but let's break it down.There are two key things that this person wants, right?Mimic, so they just wanna be a puppet.And mimic, I mean, hey I wanna be able to mimicwhat your trades, and apparently you're successfulin your trades, that's why I'm even inquiring about thisbecause according to my logic, because you are successfulin trades and because you offer a mimicking service,I can therefore mimic you and then make, the what,make money, right?So they wanna mimic and make money.That's just very, Clay they didn't say any of that.I mean, can we just all have some common sense here?If somebody wants to mimic you, they believethat what you are doing would be valuable to them, right?Common sense, so that is wanting a servicethat they can mimic.But, what else do they say?They wanna mimic and what?And learn, ahh.Oh that's great.They wanna learn how to do things,they want to not be just handed a fish over and over again.That's great, that's also a total lie to themselves.Let's break this down, maybe you knowwhere I'm headed with this.If all I have to do is mimic to make money,why do they need to also do that?Does that make any sense?No, of not, this doesn't make any sense at all.Sure, they may be telling themselves,you know I do wanna learn how to trade,you know I don't wanna be a freeloader,I don't want to just always depend on somebody else,so I'm going to learn.But what are you gonna learn if all you do is mimic?You're not gonna actually ever know what they're doing,why they're doing it if all you wanna do is mimic.And if you build up a dependency on this,which is what you're going to do, then there is goingto be no learning that takes place.Sure, you may have, all right, general ideas of things,but if you've ever traded before, you full well understandthis is a fact when I say it,that understanding general ideas is not even closeenough to building and having some sort oflong-term successful strategy.General ideas, great, heck even maybe a little bitunder the surface ideas, great.But as far as being able to execute repeatedlylike this person you've been mimicking,it is not going to happen.So don't what?I thought you were gonna stop so I was--All right, well we'll keep going.Just don't even edit this out, it doesn't matter.So the camera guy is throwing me off.Anyways, so if you think that all you have to do,and maybe right now you're in this mindset ofClay, I'm disappointed, I was thinking aboutsigning up for you for your community,but I can't mimic and puppet trade you while I learn?You're not going to learn, why would you evenwaste your time trying to learn when all you have to dosupposedly is get text message alerts,follow somebody, watch them live, do exactlywhat they're doing and then you're making money.There is no reason to learn in that situation.If I have a money tree growing in my backyard,and I can just go and pull, you know, $100 bills off of itover and over again because my next door neighboris allowing me to do so, why do I need to learnhow to grow my own money tree when the neighborsupposedly, as long as I pay them, they're just gonnalet me keep pulling money.It just doesn't make any sense.But yet I see it time and time again,and you know, the human mind is a fascinating place,that's just how people rationalizesuch kind of silly thought processesof okay well, I'm gonna going and this person saysthat I can follow them if I pay for theirtext alert services or if I pay for their chat room,but they also say that hey, you follow me,do what I do, make money while you learn.Oh, what a beautiful sales pitch that is to tell people.I can make you money while I teach you.What a scam that is, that's not how it works.And Clay, you're like, I have a whole podcastof data points, in fact, I'll put a link to my podcast belowI've interviewed well over 160 people now,and you know, these people they talk about theirups and their downs, and there's been all kinds of downswhere people sign up for these servicesand yeah, I'm not sayin' you're never gonna geta winning trade, but if you honestly thinkthat trading is as easy as signing up for some serviceand then that's all you have to do,then yeah, I have some beach front property in ArizonaI would love to sell you.So yeah, be very careful of this liewhere you're out there telling somebody I wanna learn,but, you know, if I can just mimic somebodyand puppet trade somebody while I learn,no, you're never gonna do that.You're gonna be totally dependent on them,they're not gonna make you money over the long hauland I have other videos no why that alert service stuffdoesn't work out.But just don't let the voices in your head trick you,don't lie to yourself, because if you're lookingto mimic somebody, that's all you're looking to do.You're just taking the lazy routeand you're trying to justify it to yourselfby I'm not taking the lazy routebecause I'll be able to earn too at the same time.No, logic says that that would be a waste of timeto even try to learn.So just don't lie to yourself, be well awareof maybe the voices tryin' to get you to go downpaths that you shouldn't be going down.If you are out there trading alone currentlyand maybe are in the market looking fora community to join to assist you in your tradingor the 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 screen right nowis both an information link, so if you clickon the Inner Circle one, that is going to take youto the page where I explain all the detailsof what exactly come with the community,both the chat room and the newsletter.And then the other image that is popped upis a behind-the-scenes tour where you can seeexactly what 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 communityand let me know if you have any questions.

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