What Made Me Stop Trading
September 18, 2019
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6:54Now PlayingWhat Made Me Stop Trading
YouTube Description
as posted by the channelSometimes the best trade is NO trade. Sounds simple, right?It all comes down to your mindset.
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FULL DESCRIPTION
Every trading account comes with great responsibility — at least it should. It's all too easy to risk a lot of money with just a few clicks.
Remember that often-quoted statistic? The one that says around 90% of traders lose ... Well, that’s due to lack of preparation, and that includes mental preparation. If you’re not feeling it mentally or physically, don’t trade. Don’t force it. It’s not worth the risk.
We’re filming this on a Saturday ... And thankfully, the stock market isn’t open today. I’m not in a mental or physical state to be trading today. I’m just not feeling it.
So I’m making this video to serve as a warning. Maybe you can relate, or maybe you just need the reminder. So keep it in your playlist for whenever you feel like this. Or if you know somebody who's feeling under the weather, send them this video.
It’s OK to walk away. Sometimes you need to. You have to remember that the market’s not going anywhere. There will always be another trade or opportunity. Don’t risk your hard-earned money. Save if for those days when your setups are awesome and you’re totally in the zone.
Prepare so you can snipe the next trade.
Learn to trade conservatively. I’d rather see you miss a trade and protect yourself from potential losses. Always think about what could go wrong, worst-case scenario.
Remember this video lesson the next time you’re not feeling 100%. Don’t risk your hard-earned money by trading with the wrong attitude.
Have you ever made a trade when you should’ve walked away instead? Leave a comment — tell me about your experience and what you learned!
#TimothySykes #Pennystocks #Investing
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Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.*
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