Trading - Are You Doing It Wrong?

"The thing that separates a professional consistently profitable trader from someone who hasn't been able to create success yet in trading is not the lack of information."

"The thing that separates professional traders is consistently profitable from someone who's not quite there yet is not the lack of information... it comes down to nothing more than individual effort."

"You can be putting in a lot of effort in the wrong way and you'll never reach your goal... if you were to be let's say building a house and you were trying to put every screw in with a hammer and every nail in with a screwdriver or a drill would you accomplish your goal of building that house probably not and definitely not in the correct way."

"The problem with most traders and the reason we have such a huge failure rate inside of trading as an industry... is because 90% of the time they're going around trying to hammer in screws and screw in Nettles."

"When I say effort I'm not talking about the individual effort as in the amount of hours you put in or the amount of literal work that you put into trading what I mean by this is are you putting forth to correct effort are you using a screw for the nails or a hammer."

"The way to get to the correct effort is by following the instructions of someone who has already done it... the guy that was my mentor in the stock market said you need to back test these strategies through historical data you need to create an entire trading plan around these strategies but yours truly Steven here what did I do Well I just took those strategies any of them that I learned pretty much threw him at the wall and hoped they would stick."

"It's not the course material that makes you successful it's not the material you learn in YouTube videos and through free trainings it's not the information you have it's the way you implement it it's the correct kind of effort."

"If a professional trader... tells you do not take and trade this strategy blindly go out and test it through historical data yourself create a trading plan around it... if you decide not to guys you're literally hammering in a screw it's never gonna work."

"we suggest trading in a demo account for three months to increase confidence and to make sure that you can properly trade the trading plan that you've created for yourself."

"we had a very significant drawdown in the beginning of the year... this drawdown was a little over 20%... because I understand that being disciplined is one of the main parts of trading success because I understand that risk management is extremely important... we are up 60 some-odd percent a is 64% on the year so since the 20% drawdown we've been able to increase our ROI by 80%."

"because I understand that being disciplined is one of the main parts of trading success because I understand that risk management is extremely important... it did not blow our account to have all these losses because I understand the way my strategies work because I've tested them through historical data I was capable of staying disciplined even through a 20% drawdown."

"what allowed us to do that is not just knowing that strategies are supposed to do well it's not just learning information off YouTube it was applying information that I learned a really long time ago also applying my own knowledge and applying myself to creating strategies becoming disciplined of those strategies through back testing for testing and being disciplined to them in the past creating a risk management plan around those strategies that kept me from going over my risk tolerance and kept my emotions out of my trades."

"the main difference between someone who is consistently losing money and someone is consistently profitable the mere fact that the effort that the profitable trader put forth was the correct kind and they followed instructions correctly."