Kardec TraderFutures Trader. Creator of The Midas Touch. Mentor

Stop treating trading like a get rich quick scheme

28 Oct 2024 · 0 min

Watch on YouTube

0:18

A short monologue from the YouTube video "Stop treating trading like a get rich quick scheme" (Kardec Trader) arguing that many new traders lose large sums because they haven't put in honest effort or learned what they're doing. The speaker generalizes the point to business and personal life, asking whether people give a full, honest effort in any pursuit.

Even today, you see a lot of traders like, oh, I've been trading for three months, I lost 40,000, I lost 50,000. And it's like, yeah, well, did you know what you were doing? No. They haven't put in the honest effort. That honest effort contributes to everything else, not just trading. You do business, you do anything. In your personal life, have you honestly given this a hundred percent effort or no? And most of the time, the answer is no.