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Misplaced Anger!

Sometimes a trader’s anger can be…well… directed in the wrong direction. Don’t be like Noah…

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Transcript:

I am once again going to go into the worldof YouTube comments.And we have a prime, prime exampleof the problem that most new traders facethat I faced when I got startedso I'm not sitting here talking about all thisfrom the, well you know, I'm flawless, I never, no.Trust me, I've been there so I get it,but the idea here is we gotta learn from it,so let's take this, let's take this person'smisplaced anger and direct ittowards where it need to be directedbecause, by doing so,it's actually a very freeing experience,and I'll what I mean by that.Because this person's current mindsetis quite, it's depressing.It is,yeah, I'll just leave it at depressingbecause if this is how the person is viewing,you know, trading or the markets,or you know, whatever you wanna say in regards to it,it is, it's very hopeless, it's very depressing viewpoint,but it's not a true viewpoint.So that's the idea here behind this videoif I can help this, I mean I doubt that person watches this,but if maybe you're kind of thinking the same sort of thingand it can help you, awesome.So let's get to this exchange."I'm down 1,000 because of this crap stock."Hope it does a repeat of last year."I replied back, because of the stock,or because apparently didn't have a stop-loss?Before we get to the reply,just stop and, you know, we have to question things.Right now, think about what this person is doing.They are viewing the problem as the stock itself.Yeah, I realize the stock went downand because the stock went down,it caused them to lose, at least be down a $1,000because they haven't soldso it's still an unrealized loss.But yeah, that's true,but that's the stock.Who is controllingthe choices?Who is controlling the decisions around that stock?Well Noah is, as a trader.You are, as a trader.Unless somebody forced you to buyor forced you to do something in regards to that stock,well I mean, call the authorities right away.Nobody should be forcing you to do that.But also, I'm assuming nobody did.Then this person is,you know, they're blaming the wrong thing.The stock is just, well, it's the stock.It goes up and down, it goes sidewaysand yeah, you're down because of it,but you're that chose to bought it.And like I say, apparently Noahdidn't use any sort of risk management.He didn't do any sort of risk controlbecause if he did, then he wouldn't be down $1,000.Am I saying he wouldn't have lost money on it?No, I'm not saying that at all.I mean, losing money's part of trading,but it sounds like he's lostmore money than what he should ofand now he's angry at that stock.So that's why I brought up to him,are you angry at, is it the stock's fault,or is it you're fault because you,like I said, apparently didn't have a stop-loss in?And then we get his reply."Didn't have a stop-loss because I trade on RH,"which stands for Robinhood,"no need to be a condescending male part cheese"with a superiority complex, bud."Noah, again, my friend,you're not gonna watch this, but I wish you did.Did somebody force you to sign up for Robinhoodwhich apparently doesn't allow you to put in stop-losses?I don't know if I believe that,but I'll believe you.I'll assume that Robinhooddoesn't allow you to put in stop-losses.But did somebody force you to sign up for Robinhood?Did somebody from Robinhood knock on your doorand be like, hey, you're signing up.I highly doubt it.So again, let's blame the problem here.The problem is not Robinhood.The problem is not your broker.The problem is, well who chose that broker?And that's you.That's you.And I'm not trying be a male part.You know, I'm not trying to be any sort of male body parts,I'm just talking from personal experience.When you blame the wrong sources,then you're never gonna improve.And this is the depressing mindsetbecause let's say that this was actually true.Let's say it really was the stock's fault.Let's say it really was the broker's fault.Wow, talk about being handcuffedand just, I'm at the mercy, there's nothing I can do.I'm just screwed.No.You are the problem.But guess what?That means that you are the solution tooand that's a awesome thing.That's a freeing thing.That is just,I mean, that is refreshing.That puts a smile on my face to know thatif I'm the problem, then I'm also the solution.But if it truly is some sort of external problem,then you have no choices, you have no hope,there's nothing you can do about it.And that's a very nasty situation to be in.So no, I'm trying to be mean to you,I'm just trying to get your mind thinking.The reason I asked the questionwas to try to get the wheels turning.Is it actually the stock's faultor is it your fault?And to hear you come back and still not get the point,now your shifting blame on the broker.Again, you signed up for the broker buddyso, you know, you gotta start to acceptpersonal responsibility at some point in time.But again, that's a beautiful thing,personal responsibility that you are the problembecause that means you are the solution.So get to it Noah, get to it,you know, as a viewer, if maybe you can relate to Noah.I'm not saying this looking down at you,but look at it as a very freeing perspective thatyeah, you can fix 'cause you're the problem.If you are out there trading alone currently,and maybe are in the market looking for a community to join,to assist you in your trading,or to just help you, you know,give you another set of eyeballs,then I do have a private trading communitywhere you can trade alongside of meand other experienced traders.So what you see popping up on the screen right nowis both an information link,so if you click on the Inner Circle one,that is going to take you to the pagewhere I explain all the detailsof 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, you know, be containedwithin the community.I take you through, like I said,a behind-the-scenes tour of 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 community.And let me know if you have any questions.

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