Gambling Is Not Trading : A Quick Reminder to THINKI've been getting quite a few messages from followers and many are positive. I seems my videos are helping many of you learn better skills and helping you find profits from these bigger price swings.
But it also seems some of you are really gambling for the bigger gains with 0DTE options and taking excessive risks (IMO).
I want to urge all of you to THINK and to try to learn to adopt a more fluid style of trading.
The markets will quickly humble many of you gamblers. They have a way of taking everything you have when you let your guard down.
Start Small.
Build Your Skills.
Learn How To Check Yourself When You Get Into That Gambling Mode.
Remember, The Market Can Take EVERYTHING (And MORE).
The trick to trading is to learn to GROW your account without gambling. It is like being a Sniper.
You have to learn when to take your shot and you also have to learn when to be patient and wait.
One of the best pieces of advice I've heard came from a friend (who trades options). He stated.
Start Small
Book Winners Quickly
Book Anything over 20-25%
-- Then Plan For The next Attack.
Think about it.
He's been trading for more than 20 years and has learned many of the pitfalls over that time. And, he is the one guy that I've seen generate 100-200%+ a week (consistently) over the past 2+ years.
If you want to survive as a trader, you have to start thinking like a trader (not a GAMBLER).
I hope this video helps.
Get some.
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