A Kardec Trader YouTube monologue (Oct 4, 2023) warning that risky, impulsive trades ("YOLOs") create destructive habits which can contaminate disciplined trading. The speaker argues that profits from reckless trades are undesirable, recommends separating gambling-like activity from structured trading (different account or casino), and emphasizes consistency and structural discipline.
I believe the moment you allow yourself to take stupid trades such as YOLOs, right? And once again, stupid to me may be great to other people. You do set yourself up for making a lot of money, but that is essentially, you start chasing this high of like, oh my God, if I can do this once, I can do it again and again and again. And you start chasing that instead of chasing the proper way of trading. And I always say, like, if I make money off stupidity, I don't want that money. I don't want to categorize that as great. That's terrible. When you allow bad habits happen over and over again, those habits are going to bleed into your real trading. For me, it's, this is my way of trading. I'm going to keep it consistent. I'm going to keep it structural. If I want to play yolo, I'll go to a casino, I'll go gamble, but I'm not going to integrate that in my training. And if I do, it's on a different account. And I'm comfortable on losing the X amount of.
