🥶 FACT: Most traders quit year one. Hmm, but why? 🤔
You all heard the statistic, "gambling is more profitable than trading - 13 out of 100 gamblers leave the casino with gains compared to 1 out of 100 traders". Yeah yeah. Nice story. Now tell us the real story. The market is not a casino. Don't compare. What about the thousands of traders making consistent gains?
It's a FACT that most traders quit their trading "hobby" or "career" within their first year of trading.
But what's ALSO a FACT is most traders:
One cannot state the first "fact" without stating the other; the real reason. Otherwise, that's a shallow statistic. That's like looking at a 15 min chart and not realizing that each candle is constructed of 1,000+ mini candles.
Here's a 15 min
AMZN chart:
Here's the same chart in 15 second candles:
Zooming in to the chart gives you a clearer picture. Digging deep into the "quitting" traders' psychology, you'll get the answer. Also, I wouldn't say they quit. It's possible that the energy they were putting in wasn't paying off, and they didn't want to waste their time any further.
Treat your trading like a job. Be strict. You see quick +20% profit? Take it. But you believe it's going higher? Still take it. Find another trade. Baby gains add up!
Most traders who got burned on
AMC 
GME , kept HODLing.
This is coming from someone who boughtAMC at $2.13 pre-split in 2021 and sold around $25 and $70:
To avoid all this headache, build a strategy slowly over time, use the right tools to plan your trade, find a community to trade with, use proven strategies (i.e. support/ res, supply/ demand, patterns), go light in your first 1,000 trades, and so on. Happy to help if you have any questions below.
Follow for more insight and for live trade swing & day-trade ideas! Good luck trading! Trade safe and don't go all in.
Baby gains add up.
It's a FACT that most traders quit their trading "hobby" or "career" within their first year of trading.
But what's ALSO a FACT is most traders:
- Don't take profits when they see them (keep holding for more).
- Go too heavy on a single trade.
- Go all in on a single trade.
- HODL for glory, even when they're super green on a trade.
- Are too bullish/ bearish and turn a blind eye to the other bias.
- Are over-speculating all the time (i.e. "
AMD 120 tomorrow. All in calls" - Trade without a chart.
- Have no risk management.
- Don't follow their own rules.
- Have no trading strategy.
One cannot state the first "fact" without stating the other; the real reason. Otherwise, that's a shallow statistic. That's like looking at a 15 min chart and not realizing that each candle is constructed of 1,000+ mini candles.
Here's a 15 min
AMZN chart:Here's the same chart in 15 second candles:
Zooming in to the chart gives you a clearer picture. Digging deep into the "quitting" traders' psychology, you'll get the answer. Also, I wouldn't say they quit. It's possible that the energy they were putting in wasn't paying off, and they didn't want to waste their time any further.
Treat your trading like a job. Be strict. You see quick +20% profit? Take it. But you believe it's going higher? Still take it. Find another trade. Baby gains add up!
Most traders who got burned on
AMC GME , kept HODLing. This is coming from someone who bought
AMC at $2.13 pre-split in 2021 and sold around $25 and $70:- ACHIEVING SUPER GAINS WILL RUIN YOUR MENTALITY!
- You will start treating the market like a casino.
- You will stop appreciating the smaller 20 to 40% gainers that you can do once per day or week.
- You will see yourself starting to go heavy because you "believe" that "this is the next banger".
To avoid all this headache, build a strategy slowly over time, use the right tools to plan your trade, find a community to trade with, use proven strategies (i.e. support/ res, supply/ demand, patterns), go light in your first 1,000 trades, and so on. Happy to help if you have any questions below.
Follow for more insight and for live trade swing & day-trade ideas! Good luck trading! Trade safe and don't go all in.
Baby gains add up.
🔥 Trade with me & learn: discord.gg/buythedip
FREE full trading strategy & free options flow bot. Daily entries & exits. Swings. Daytrades. Lessons. Goal is to make you a seasoned trader.
FREE full trading strategy & free options flow bot. Daily entries & exits. Swings. Daytrades. Lessons. Goal is to make you a seasoned trader.
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