A short YouTube video by Adrian Reid using a Kilimanjaro summit-climb anecdote to draw a trading lesson: individual steps/trades alone won't make you rich, but single mistakes can set you back multiple trades. The video emphasizes eliminating mistakes and invites viewers to register for a session to discuss reducing trading errors.
Questions this video answers
August 24, 2016
"We're at currently 3,800ft, which is 4,200 metres above sea level."
"maybe about 800ft or so, vertical feet"
Chapters
Hey, it's Adrian here. And it's day four to climb to the summit of Kilimanjaro, which you can see up behind me there. We just climbed up about. We're at currently 3,800ft, which is 4,200 metres above sea level. And one of the things that occurred to me in the last climb, we just climbed up about maybe about 800ft or so, vertical feet, that is. It's a pretty high climb at this altitude. And just watching my feet one step at a time, what I realized was that every single step on its own doesn't really matter that much.
None of those steps are going to get you to the summit that you can see up there on the side of the video. But if you take one step wrong, you can take away the amount of energy or lose the energy that you needed for the next four steps or next five steps. It's exactly the same when you're trading. If you're making a trade, one trade is not going to make you rich. It's not going to get you your financial result that you're after. But if you make a mistake on a trade, it can set you back 3, 4, 5, 10 trades or more and really cause your account some damage. So the lesson from the mountain from today or from this morning at least, is every step matters in that you've got to do it well, you've got to eliminate mistakes. But you can't rely or expect any one step to get you to the summit or to get you to the trading goal that you've set for yourself. So if you want to understand a little bit more about how to eliminate trading mistakes, enter your details in the box below and register for a session. We can spend some time talking about the. Your trading and the sort of mistakes that you've made and how we can eliminate them for you and love to spend half an hour with you and just kick that around. So enter your details in the box below and I'll talk to you soon. Bye for now.