ilmscore | Brutally Honest Advice To My Younger Unprofitable Self

Brutally Honest Advice To My Younger Unprofitable Self

Predictions from this Video

Total: 8
Correct: 3
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
Predicted that one will not get rich quickly from day trading.
"you are not going to get rich in day trading. ... you aren't going to be able to get rich quick with day trading or at least as quick as you think."
Day Trading
Correct
Predicted that achieving success in day trading will take a longer time than one initially thinks.
"this is going to take a longer time than you think."
Day Trading Success Timeline
Correct
Predicted that a new day trader will not be consistently profitable within their first three months.
"You are not going to be consistently profitable within your first 3 months."
Day Trading Profitability
Correct
Predicted that risking money needed for essentials in day trading will lead to substantial debt (e.g., negative $2,000), forcing one to take odd jobs to repay it and incurring bank fees.
"you're going to end up like me with negative $2,000 in your bank account and having to Door Dash to pay off that debt while the bank keeps charging you fees cuz you keep having negative dollars in your bank account."
Day Trading Risks
Pending
Predicted that one will lose all their money on their first attempt at live day trading.
"I would confidently say that that first attempt you're going to lose all your money"
Live Day Trading
Pending
Predicted that one will be stuck in an 'endless loop' of unprofitability if they continuously seek new strategies and theoretical knowledge without practical application.
"You're going to be stuck in this endless loop"
Day Trading Learning Process
Pending
Predicted that day traders will quit if they set a deadline for profitability and fail to meet it.
"what happens if you hit that deadline and you aren't profitable yet? You're going to quit."
Day Trading Commitment
Pending
Predicted a high likelihood of becoming profitable in day trading if one consistently applies correct practices and doesn't quit.
"If you guys are doing all those things correctly, there's a pretty high likelihood that you guys are going to be able to turn profitable."
Day Trading Success
Pending