🥶 FACT: Most traders quit year one. Hmm, but why? 🤔

20 sept 2023

You all heard the statistic, "gambling is more profitable than trading - 13 out of 100 gamblers leave the casino with gains compared to 1 out of 100 traders". Yeah yeah. Nice story. Now tell us the real story. The market is not a casino. Don't compare. What about the thousands of traders making consistent gains?

It's a FACT that most traders quit their trading "hobby" or "career" within their first year of trading.

But what's ALSO a FACT is most traders:

• Don't take profits when they see them (keep holding for more).
  
• Go too heavy on a single trade.
  
• Go all in on a single trade.
  
• HODL for glory, even when they're super green on a trade.
  
• Are too bullish/ bearish and turn a blind eye to the other bias.
  
• Are over-speculating all the time (i.e. "AMD 120 tomorrow. All in calls"
  
• Trade without a chart.
  
• Have no risk management.
  
• Don't follow their own rules.
  
• Have no trading strategy.
  

One cannot state the first "fact" without stating the other; the real reason. Otherwise, that's a shallow statistic. That's like looking at a 15 min chart and not realizing that each candle is constructed of 1,000+ mini candles.

Here's a 15 min AMZN chart:


Here's the same chart in 15 second candles:

Zooming in to the chart gives you a clearer picture. Digging deep into the "quitting" traders' psychology, you'll get the answer. Also, I wouldn't say they quit. It's possible that the energy they were putting in wasn't paying off, and they didn't want to waste their time any further.

Treat your trading like a job. Be strict. You see quick +20% profit? Take it. But you believe it's going higher? Still take it. Find another trade. Baby gains add up!

Most traders who got burned on AMC GME , kept HODLing.

This is coming from someone who bought AMC at $2.13 pre-split in 2021 and sold around $25 and $70:

• ACHIEVING SUPER GAINS WILL RUIN YOUR MENTALITY!
  
• You will start treating the market like a casino.
  
• You will stop appreciating the smaller 20 to 40% gainers that you can do once per day or week.
  
• You will see yourself starting to go heavy because you "believe" that "this is the next banger".
  

To avoid all this headache, build a strategy slowly over time, use the right tools to plan your trade, find a community to trade with, use proven strategies (i.e. support/ res, supply/ demand, patterns), go light in your first 1,000 trades, and so on. Happy to help if you have any questions below.

Follow for more insight and for live trade swing & day-trade ideas! Good luck trading! Trade safe and don't go all in.

Baby gains add up.