ilmscore | I Failed at Trading Until I Actually Understood This (Trading Cheat Codes)

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Prediction
Topic
Status
Achieving millions or six figures in trading will inevitably involve significant pain, sleepless nights, self-doubt, and emotional distress in the initial stages.
"But if you really think you can make millions or six figures without any pain in the beginning, I don't know what book you are reading, bro. Like, stop it. It's going to be pain. It's going to be sleep this night. It's going to be you're going to be doubting yourself. If you're going to be crying, you're going to be doing everything."
Trading Success
Pending
Traders who rely solely on their gut feelings will inevitably experience failure in the markets.
"You can't just rely on your on your gut. You can't, guys. You can't rely on your gut because your gut is going to fail you."
Trading Strategy
Pending
Without a systematic trading approach, a trader's actions and results will be random.
"If you do not have a system, you just going to do random things and random things give you random results."
Trading Outcomes
Pending
Every single trader, including the world's best, will experience periods of drawdown (losses) in their trading, which could last weeks or months.
"Every trader, I don't care. Show me the best trader in the world, I guarantee you that person goes through some type of draw down. Okay? It could be one week, it could be one month, it could be whatever, I guarantee you that person goes through some type of draw down."
Trading Performance
Pending
Blaming external factors or believing others are 'out to get you' in trading will not help a trader and will likely cause more harm due to a lack of self-reflection.
"Stop thinking that somebody's always out to get you when you're trading the market. Stop thinking that way. Trust me, it's not going to help you. Tr I I guarantee you it's not going to help you. 100% guarantee you it's not going to help you. um it's going actually probably hurt you more because you're not looking inward."
Trader Mindset
Pending
Traders will inevitably experience stop-outs (losing trades) regardless of their strategy or market conditions.
"you're going to get stopped out no matter what. No matter what, you're gonna get stopped out."
Trading Outcomes
Pending
Diligent data collection in trading will reveal what strategies are effective, what needs adjustment, how to increase winning trades, and how to reduce stop-outs, ultimately assisting with every aspect of trading improvement.
"the data is going to show you what's working, what's not working, what you have to take out, what you have to uh add on, what you have to do to increase winners, what you have to do to not get stopped out that much. Everything, guys, it's going to help you with everything."
Trading Improvement
Pending