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Selling Misconceptions. So Convenient!

From a business standpoint, it makes perfect sense why people focus on situations that are “not normal”, but they make them “seem normal”. It’s a totally easy sale’s pitch. The problem is, it causes misconceptions with new traders that send them off with false mentalities and down pathways that don’t end well. Using a real life exchange from YouTube, you’ll see exactly how this plays out in the real world.

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Transcript:

I'm so glad I'm not new anymore.There are so many people out therejust feeding misconceptions to take advantage of you.Yeah, let's just talk about one.(whooshes)This is truly one of the cruel areasof the market, because when you are new,what you don't know, what you don't know.You don't know what actual expectations are.You don't know how to necessarily define realistic.And that's normal, but that's why trading is difficult.That's why I'm not gonna say you can't figureit out, but in many cases, it takes a whole lotof money to figure out, because there'sjust a lot of misconceptions out there,and unfortunately, a lot of these misconceptions,the people doing it, they know very well what they're doing.But from a business perspective,they know that what they're doing is goingto be very profitable, and becauseof that, at the end of the day,and like I said, you'll see in the image here.I blur our the screen name, becauseI'm not trying to start any drama,or anything like that, but the pointhere is that, because it's a good business maneuver,it's working for them.But they clearly don't really carethat much about the people, becauseif they did, then they wouldn't be implying,marketing such fallacies, such bitsof thought processes that don'treally play out in the realistic senseof how the market works.Could you have the rare outlierswhere, oh, wow, what a freak nature-type thing?Yeah, of course.But in most cases, this sortof thought process forms in new people.So you have a newer person here.His name is New, or her name is New.And the first steps that you get isyou're just trying to figure out kinda the hows.How does the stock market work?How are things coming together?How can certain dynamics occur?And we'll take that a bit further.Okay, well, how do I get more money?That's kind of a very straightforward question.More so, how do I get more moneyif I have a small amount of money?A lot of people are younger, andthey're getting involved in trading the markets.That's great.The younger, the better.Some people are maybe a little bit lateron in life, but they have families,and they have other costs and expenses,so of course, they're not gonna have a ton of money.Their amounts may be small.But they do wanna learn how to makemore money, but just with the small thing.I assure you, this isnot some revolutionary discovery on my part.People that sell stuff, which I do,so I don't wanna throw people under the bus,but I think that I could also argue,and prove, that I'm also very up-frontabout the realities of the matter,as I'm gonna be right here, but a lotof people understand these situations,so they're gonna be focused on distorting.I should probably change colors.Distorting the how.More strictly, well, the how do you makemore money for people that have a smaller account?And here's a perfect example ofjust, I guess, how that it works,and how it actually affects people.But in this situation, it was kinda,not kind of, it was a breath of fresh air,because this person actually tookmy feedback, took my constructive criticism,and it sounds like I opened up their eyes,and kind of rearranged the howand the true reality of things.So let's get to this YouTube exchange.For a little context, this wasin a video that I did about howyou actually grow a small account.So this person says, "How does getting a job help"you grow a small trading account?"The title is misleading."I reply back, "The same way it," it being a job,"helps you grow a small savings account."This person comes back, "The title is misleading"because I landed here because"I thought you were going to share"how a small trading account would grow"as a result of good trading,"and booking consistent profits,"and not as a result of depositing new funds."And this is exactly what I'm talking about.Somehow, this person got the impressionthat hey, you can take a small account,and you can grow it, and you can grow it,and you can grow it, with consistent profits,and with just consistent gains.But the fact of the matter, the realityof the matter, and trust me, from a business sense,this is very stupid.Because if I was just like, yeah, you can do that.Buy my course and I'll show you how.But I'm not gonna do that.I'm telling you that growing a small account,while not impossible, is very, very unlikely,and you need to take other stepsto even give yourself a chance at doing it.But even taking those steps, the odds arejust against you, and that's just the way the market works.That's just the way math works.If you have $100, and you wanna make $100, you need to what?You need to double your money.You need to make 100% return.If you have $1,000, and you wanna make $100,well, hey, now you only need to make the 10% return.If you have $10,000, and you only wanna make $100,now you only need 1%.That is why this whole small account thing,I get it, it pertains to a lot of people.In other words, there's a lot of demographicsout there that these people can sellthese misconceptions, too.But the fact of the matter is,small, it's just, it's gonna be very, very difficult.But this person, for whatever reason,thought that the video I was talkingabout was gonna be, hey, do this, and do that,and that'll grow your small trading account.And yeah, maybe that video, it wasn't misleading,because how do you grow a small trading account?You put in more funds.You put in more funds.How do you do that?With a job.That's how you truly, and more so,systematically, are gonna grow a small trading account.But we'll get to that as I finish up this exchange.So I reply back, "Sounds like you assumed incorrectly,"and with all due respect, sounds like"you needed to hear this."If you think that you can take a few hundred dollars"and turn it into millions, you are"sorely mistaken, and being misled by others."They reply back, and this was the breath of fresh air,because I'm glad they took the feedback the wayit was intended, "Yep, got the wrong end of the stick."Maybe I have been hovering around," fill in blankof some other guru out there, "videos too much."LOL, thanks."I replied back, just laughing, and saying hey,kind of, I understand-type thing.All I'll say is well done to you,listening to your gut instincts.And that is my goal with this video is,here you have this thing, your gut,and you have gut instincts, and this person,the breath of fresh air, was them listening to it,because I guarantee you, down,and deep inside, you know that.Small account, and then generatingthat to what these people are implying couldpotentially happen with it, you knowthat sounds too good to be true.But they know what they're doing.It's called selling the dream.It's called selling the possibility.It's called selling this, that, and the other.But from a realistic point of view,like I said, your gut here, you knowthat that's just not quite how it works.And it's the age-old saying.If it sounds too good to be true, it is.And I'm well aware of that.Hey, you wanna grow a small account?Go get a job, learn how to put together a budget,so you can keep putting more and more moneyinto that account, so it grows to a more manageable amount.I get it. That doesn't sound very good.That doesn't sound very quick.That doesn't sound very pleasant,but that's the truth of the matter.That is how you go about things.So remember that.You gotta be very careful, when you get started,and you gotta, and I get it.Well, I don't know.Have I been misled in other ways?Do I have other false misconceptions?Maybe, maybe not.That's this sticky territory, butthat's why you need to find yourself a good mentor,and somebody that can guide you,that you believe you can trust.Ideally, hopefully that's me.If not, I get it.I'm not offended.My goal here is to just make you awareof the many misconceptions that peopleintentionally portray in orderto get their business, and howthese misconceptions are gonna lead you astray,because if you're trying to grow a small account,yeah, you may hit a couple of trades here,but just with the way the human mind works,and human psychology, odds arevastly leveraged against you.And the best way to go about it isin the grinding fashion where,yeah, trade ticker symbol JOB.That is how you're gonna grow a small trading account.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, give you another setof 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 rightnow is 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 chat room and the newsletter.And then the other image that is poppedup is a behind-the-scenes tourwhere you can see exactly what is goingto 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 preciselywhat you are getting when you join.So definitely check that stuff out,if you are interested and thinkingabout wanting to join a community.And let me know if you have any questions.

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