This is a YouTube video titled "Trading Psychology: 'Self sabotage is the problem and what it's costing you'" created on May 30, 2023. The content is a monologue or talk focused on the topic of self-sabotage in trading, explaining how it impacts traders financially and psychologically. The speaker discusses the importance of addressing internal issues to improve trading success and promotes a live event scheduled for May 31 to help traders overcome self-sabotage. There is no indication of multiple speakers or a conversational format.
So how much is self sabotage costing you in your trading right now? Well, it's pretty easy to figure out because more than likely you have a system where you've had pass through your hands at some point, a system that actually does work. And so aside from that, is it there are issues with you? Well, perhaps. But the thing is, so many traders, what they're fighting is self sabotage and they don't realize it. And so they go chasing strategies, thinking that a strategy is somehow going to magically fix everything and set them up for life. Well, the problem is it doesn't work that way. And the thing is, let's say you're trading a $25,000 account and you're looking to make a very conservative 4% per month. Actually, you can do way better than that in trading, as you know. Okay, so let's see. 4% on a $25,000 account, that's 1,000 bucks. And on an annual basis, assuming you know, you're taking it out every month, that's $12,000 a year. Now if you're at break even or you're not making money, that means that you're self sabotaged, costing you at least $12,000 a year. @ least. Probably more than that, because you probably would be, you know, reinvesting your profits, grow your account, be able to trade bigger, improve your trading, all that kind of stuff where, yeah, it's actually probably costing you way more than $12,000 a year. So now the thing with self sabotage is this is your subconscious, your own, you know, part of you that's working against your conscious goals. And, and until you attend to what's going on inside of you, you can chase all the stuff outside of you that you want until you take care of the inside, the outside is still going to be a problem for you. That's why it's really important that you attend the event Louise Nonweiler and I are doing on May 31, where we're going to talk about how to go from self sabotage to trading successfully. And we're going to explore the various causes of self sabotage and what you can do to attend to them and get beyond them. So Anyway, again, it's May 31st and it'll be a live event. So you'll be able to ask questions at the event and you'll get to learn what's actually causing the problems that's causing you to do these things that are so frustrating. I mean, it really is frustrating when you're doing stuff and you're watching yourself do it and you know better, but you're doing it anyway. That's part of self sabotage. So yeah, go ahead and attend the event May 31 and the link is in the description down below. Attend, take care of these problems, get them behind you. And you'll really be glad that you did. Because you know, you don't want to be sabotaging yourself. You want to be making money. Right. And enjoying your trading. So let's get you there. We'll see on May 31st. Go ahead and click on the link below to register. We'll see you there. Cheers.