Transcript:
we're goodLet's talk some truths,
let's talk some realitieswhen it comes to day trading.And not really day trading,
or just in particularto the stock market, but Forex trading,futures trading, cryptocurrency
trading, options trading,any sort of trading,
this truth holds true.And even more importantly,
this rule, by far,is number one, no matter what strategyyou wanna use to trade, no
matter what style you wanna use,no matter what vehicle
you wanna use to trade,this is rule number one.And, what kinda I like about thisis I can't really say that I
even came up with this rule,I got this thrown at me, and
I thought, that's brilliant,that is so true, and in all actuality,that is rule number one
that you should have as,like I said, a day trader, swing trader,and no matter what you are trading.And I got a comment on a YouTube video,and I'll read through it,
and then they say somethingthat is true, and I'm not being,I'm not being sarcastic or anything,it kind of just, it was mind blowing,like wow, you're absolutely right.That is true about what they
were kind of complaining about,but that is what you actually need.So let me just read
through this comment hereand then I'll comment a
little bit more on it."You suck at teaching and
you are judgmental mean."You might mean well, but
your presentation is bad."Just say you need money to trade"and start explaining
how much money it takes"and explain further how it works."Starting with pain is
not really inviting."Big fat thumbs down."Starting with pain is not inviting.I 100% agree.This person is so right.That is not inviting at all.Starting at a painful, painful pointis probably the worst thing, worst place,worst idea that you could
actually start with.But you know what?That is where you need to start.Rule number one, you
better be ready for pain,you better be ready for annoyance,you better be ready for a heartbreak,you better be ready for frustration.'Cause this thing we call trading,yes, there's all sorts of
fancy stuff, and I get it,it is a very, especially from
a business side of things,it's very wise to approach
all of this with fancy cars,and yachts, and big parties,
and all these pictures,I'm trading from the side
of Mount Kilimanjaro,and all this sort of stuff, that wow, wow,yeah, that's not pain, that
looks, you know, sell the dream.That is the inviting place to startfrom the business perspective.But, from an actual, from
a truthful perspective,the place you do need to start
is the least inviting placeto start, which is pain.And, as soon as I read
that, I thought, again,this person is 100% right,starting with pain is not inviting.But then you'll go and you couple thatwith the failure statistics,
and there's not official,but I've seen 'em anywhere
from 90 to 95% of people fail,lose money, when they're trying to trade.And, that makes sense,
because most people,they don't wanna hear about the pain.They go into trading with some sort of,just not real, it's a faulty.They go in with a falsehood mentalityabout what this whole trading thing is.About, oh yeah, I wanna work from home,I wanna make money online,
I wanna be able to tradefrom my laptop and travel the world.And yeah, yeah, that stuff is all true,it is all possible, but if you go into itjust with that in mind
and you're expecting that,when the pain does show up,
it's gonna cut, ah, that, oh,hey, ooh, I didn't sign up,
ah, I'm supposed to, ouch.It's gonna catch you off guardand it really knocks a lot
of people out of the gamebecause they go in with
not a realistic lookinto how trading is.Now, if you're curious about the videowhere I guess I'm mean, whatever,I mean, that's fine, I get it,not everybody likes my teaching style.And that's fine, this is
why I love criticism though,because this person, what they saidin my mind is revolutionary.Yeah, starting with pain is not inviting,but it's where you actually need to startif you're thinking about
getting into the market.So the rule, rule number
one, you need to have,you must have, you must realize,is if you are just starting,
it's gonna be painful,it's gonna be frustrating,it's gonna beat you down mentally.It's not going to be
pleasant all the time.Yes, there can be great things
that come along the way,but you better be ready for
pain in many different ways.I suppose maybe even some
physical pain, if it really,if the mental things really
drag you down that much,but it's not going to always
be a pleasant experience,and please realize that upfront.Again, from a business standpoint,probably not very wise on
my part to be sitting here,"Hey, hey, let me show you
how to experience pain,"let me invite you into
something that is painful."But you know what, at
least when you go into itexpecting pain, and
then the pain shows up,you're like, "Yeah, it is what it is."I knew this was coming, I still wanted,"I still decided to do it."So hey, pain, how you doin'?"I knew you were coming."As opposed to somebody else that shows upwanting the fancy cars and
all of this other stuff,and then when that pain shows upit's gonna be a much
different experience for them.So, the reality of the matter isyou gotta start rule number one upfront,realizing that this
trading stuff is not easy.It takes a lot of work, it
takes a lot of dedication,it takes a lot of passion.And the passion needs to be therebecause passion is a great
shield against all the painthat you are going to experience,like I said, in many different forms.So I mean, let me put it this way.I'm assuming not only new
traders are watching this,so if you have experienced,
whether you're a veteran,maybe you're still relatively new,but you have executed some trades.I mean, in the comment section below,what are some pain points,what are some pains
that you've experienced?I mean, for me, just you're green,and then all of a sudden, you can be red,and lose all your money just
like that in a single day.That's just one little pain pointor just not even knowing
what the problem actually is.I mean, the list can be long.But, like I said, share those down below'cause maybe there's some brand new peoplethat are like whatever, you're just madbecause this person said
you're a bad teacherand everything else.No, no, no.I understand your perspective,but please, read the comment section,and you will see that pain
is a big part of trading.Pain is really what you should
expect getting into thisbecause it's going to happen to you,and that is one of the few guaranteesthe market's going to give,is you will experience pain,so get your mind wrapped around that rulewhich I wish I could say
I came with up on my own,but yeah, I didn't, and this
truly is rule number one.Be ready for pain.First off, thanks so much for
watching the entire video.Real quick, before you
go, I wanna invite youto a live webinar, web class, training,workshop, online event,
whatever you wanna call it,but it will be me, live, revealing to youwhat I've discovered that has allowed meto transform myself from being an employeeto being my own boss, including, how I hadonly one losing day out
of 73 days in total.I'm gonna cover three
keys that have helped meunlock profitable consistency
within the markets.The first key is super weird,but in a productive type of way.The second key is super awesomebecause it quite literally is
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 how to avoid the
pitfall that it creates for some.And yeah, the third key, when you hear itsounds 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 upfor a question and answer sessionthat 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 screenor click the link down
in the description boxso you can get the date and
time, and claim your spot,which I should note is
limited due to the factthat this truly is a live event.If you have any questions, let me know.If not, I'll be seeing you soon.