A monologue-style YouTube video by Kardec Trader (April 19, 2023) that examines the psychological costs of trading. The speaker uses a personal anecdote about a calm high-school friend who, after starting to trade, became angry and upset—the point being that trading exposes immediate feelings of being wrong, which produces mental turmoil beyond mere financial loss.
I remember one of my friends from high school, he's like, really calm, and he used to be like, oh, you know, I'm calm. Trading isn't going to bother me. I was like, no, I promise you, once you trade, it's going to showcase everything. He started trading, getting angry, getting upset. All these things started coming out. And I was like, see, it's not the idea of losing money. It's the idea that you're wrong immediately. Imagine you go and you do something. It's like, wrong, wrong, wrong, wrong, wrong. That starts playing a big mental impact on you, and that throws you all over the place.
