Jesse Rogers, a trader with 9 years experience, says information overload and chasing different gurus kills profitability. His fix: follow one trusted source and shrink your strategy to fit on a business card. It took him nearly five years to figure this out.
This is the biggest downfall in trading. This is coming from somebody who's been trading for nine years and it almost took me five years to become profitable because of this downfall. And if you're somebody who is blowing accounts, you feel like you have this information overload where you've got a hundred different gurus teaching you all these different strategies. You scroll on Twitter and see this new shiny object and you just keep wondering, how are all these people making money? How is everyone but me being successful? And this causes you to jump from strategy to strategy to system to system. And mathematically, if you do this, then you will fail as a trader. And you can avoid this downfall in two simple steps. Number one, you need to delete all trading gurus except one off of your timeline. Now, I encourage you to pick whoever you have resonated the most with and who you know is not a fraud. Number two, you need to simplify your strategy into something that you can literally write down on the back of a business card. If you have this long system to trade with, you'll never be able to follow account consistently. Now, this took me almost five years to figure out, but as soon as I did this, I became a profitable trader. So I hope that this video reaches some of you guys earlier in your journey and you can find consistency much faster than I did. Because sure, when you find a new strategy and you get a quick win, it may feel good, but we're not in this business for quick wins. We're in this business so we can have long term success, so we can actually change our lives. And you're not going to get that by hopping from strategy to strategy. And then on top of that, most of these strategies are way over complicated because the trading industry now is so saturated that all the gurus need a new mechanism to sell. You want.
