What Nobody tells You about Trading Stocks
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Listen to this blog post over on medium.com/goshdarnblog
I will tell you
Note from Publisher: Sometimes we get interesting emails from anonymous people and this was one of them. So we published it! Enjoy!
I know.
I’ve lost money.
I’ve made mistakes.
I’ve done everything wrong.
Warren Buffet wont tell you what I know.
CNBC won’t tell you what I know.
Who am I?
It sure fking doesn’t matter.
Read on if you got the brass balls to sit in the juices of the truth behind trading stock.
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Hard Truth #1
There’s only two guys to follow on YouTube for “free.” Alessio Rastani and Oliver Velez. There. Go follow them. I can’t say enough about these two people. They are saints. (Notice I did not mention Kramer.)
Hard Truth #2
It’s the size of your trading account that will determine your success.
Not your head and shoulders strategy.
Not you W patterns or wedges.
Not your triangles and butterflies.
It ain’t what you know.
It’s the size of your account.
So you can stay in the game longer than the other losers.
Hard Truth #3
They are happy that you make mistakes in the market.
They.
The Wall Street people.
If you don’t know what Wall Street people do, then go learn.
Retail traders are busy remodeling their houses from you buying their webinars and signals to upload to Think or Swim.
Wall st. people are making probabilities with OPM, other people’s money.
Intermission
Are you starting to understand why it’s so hard for you to make money in the market?
Hard Truth #4
Can you afford to make two dozen trades today or just one?
Do you have patience?
Do you have money you can afford to lose?
These are just some of the questions you need to ask yourself.
Hard Truth #5
You might not lose any thumbs like industrial fishermen on boats in Alaska do, but losing is still losing.
And if you’re not winning 8 out of 10 times you probably won’t make it to the playoffs or the world series.
Hard Truth #6
Basically, if you have an athlete’s mind or military mind you are closer to being a trader.
Hard Truth #7
And then there is getting experience instead of just fantasizing about it and the experience involves “blowing up your account” as they say.
Hard Truth #8
Buddha even says life is loss and he never traded stocks.
“Candlesticks” come from Japan.
They weighed rice on scales in the market and traded it in the olden days.
Anyway, what I mean is, you should learn candlestick patterns.
The take away to all this?
There isn’t one.
Disclaimer:
Losing money in stocks in real. This information was published for educational and entertainment purposes only and should not be perceived as financial advice. Due your own due diligence before entering the stock market.
