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FIVE REASONS WHY TRADERS BLOW UP THEIR ACCOUNTS · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: What are the top five reasons traders blow their blow
• 1:05
  Speaker 3: up their account? What are the top five reasons that
• 1:07
  Speaker 3: traders blow up their account?
• 1:09
  Speaker 4: Yeah, so, if twenty twenty two wasn't a great year
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  Speaker 4: for you. Please write these down. I want to be
• 1:13
  Speaker 4: able to help you out. Number one. Most traders take
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  Speaker 4: too many trades, which ends up blowing up their account
• 1:20
  Speaker 4: because only it only takes three or four bad ones
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  Speaker 4: to have you drawt down about fifty to seventy percent.
• 1:26
  Speaker 4: If you're using leverage, I think you should stay within
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  Speaker 4: the range of twenty maximum for the year.
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  Speaker 5: If we have a bullish market.
• 1:33
  Speaker 4: If we have a bearish market, you should stay within
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  Speaker 4: twelve trades for the year.
• 1:38
  Speaker 5: Number two.
• 1:39
  Speaker 4: Not doing the enner work to heal your money traumas
• 1:45
  Speaker 4: and working on yourself constantly to become a better person.
• 1:48
  Speaker 4: That's why at every show I'll always start with I deserve.
• 1:51
  Speaker 5: To be happy. I deserve to be wealthy. I deserve
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  Speaker 5: to be rich, I deserve to be free.
• 1:55
  Speaker 4: How many of you honestly truly believe that you're worth
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  Speaker 4: two to fifteen million dollars a year? And I know
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  Speaker 4: hopefully we get a bunch in chat, but normally when
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  Speaker 4: I'm speaking to people, most people don't feel that they're
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  Speaker 4: worth at.
• 2:09
  Speaker 5: Or that they deserve that amount.
• 2:11
  Speaker 4: So you have to do that in the work to understand,
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  Speaker 4: especially if you grew a poor or you were broke
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  Speaker 4: for a period of time.
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  Speaker 5: That financial trauma can seep into your life and can
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  Speaker 5: cause you to self sabotage.
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  Speaker 4: Has anybody ever like taken the trade they know that
• 2:24
  Speaker 4: they were going to lose, or they put on a
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  Speaker 4: position size that it was way too heavy, Or you
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  Speaker 4: got on a good streak of six, seven, eight trades
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  Speaker 4: in a row, and then your next ten were terrible
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  Speaker 4: trays that you you should have stayed away from. So
• 2:36
  Speaker 4: make sure you hear those traumas first to be able
• 2:39
  Speaker 4: to do better in the market. Number three having a
• 2:41
  Speaker 4: very erratic workspace. So your workspace should be like a
• 2:44
  Speaker 4: spa like I want you guys to meditate, and I
• 2:46
  Speaker 4: talked about this on a stock club called Last Week,
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  Speaker 4: But you need to meditate before, during, and after your
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  Speaker 4: trading session. So I know somebody you love to play
• 2:55
  Speaker 4: rap and you'd like to get hyped and think that
• 2:57
  Speaker 4: you're going to attack the market, but the market usually
• 3:00
  Speaker 4: attacking you. So you want your place to be a
• 3:03
  Speaker 4: place of serenity. I also can tell if a person
• 3:06
  Speaker 4: is talking too fast that their trading is usually not
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  Speaker 4: going well. And the last one is not having a
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  Speaker 4: system with the mathematical edge tied to a risk to
• 3:17
  Speaker 4: reward ratio that is in your favor. I cannot stress
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  Speaker 4: that enough. Even if most of you get the direction wrong.
• 3:23
  Speaker 4: And let's say you counter trained, if you have a
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  Speaker 4: risk to reward of one to eleven, even though your
• 3:30
  Speaker 4: countertrend trades are ones that are going in your favor,
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  Speaker 4: you can end up making a hell of a lot
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  Speaker 4: of money.
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  Speaker 5: I don't want you to counter trend trade. I want
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  Speaker 5: you to go with the direction.
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  Speaker 4: But when I ask most people when i'm out, hey,
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  Speaker 4: if you took one hundred trades, out of those hundred,
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  Speaker 4: how many would you win? And what's the multiple that
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  Speaker 4: you'll get on the trades that you've taken?
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  Speaker 5: Most don't know.
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  Speaker 4: So if I ask you, guys like, hey, if you
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  Speaker 4: put out one hundred episodes, how many hits are you
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  Speaker 4: going to have? And out of those let's say eight
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  Speaker 4: to twelve hits, what kind of deal flow they give you?
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  Speaker 4: You guys can give me an yes, sir. For traders,
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  Speaker 4: if you don't know, out of one hundred trade how
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  Speaker 4: many you're gonna win and what's the mathematical probability if
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  Speaker 4: you're doing that in any market? If you don't know
• 4:09
  Speaker 4: that you're purely gambling. And those are the five things
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  Speaker 4: you can do to make sure that you don't blow
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  Speaker 4: up your account.
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  Speaker 5: Can we add an asterisk off like a number six?
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  Speaker 6: What are your thoughts on people not just overtrading, but
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  Speaker 6: trading across different sectors, not focusing. And I know a
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  Speaker 6: lot of times we spoke to a lot of people
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  Speaker 6: who are in the space. Aristyle is one of those guys,
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  Speaker 6: and he's like, yeah, I'm only trading twelve things. Like
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  Speaker 6: we know we're talking like, yeah, I'm only trading fifteen
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  Speaker 6: to twenty times for the year.
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  Speaker 5: Yeah. People who are just.
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  Speaker 6: Trading like and there's no real plan or strategy. It's
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  Speaker 6: just like kind of like speculation.
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  Speaker 4: It's disaster like those are like the real real pill traders,
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  Speaker 4: Like they want all the trades, all the women, all
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  Speaker 4: the cars, Like it takes a lot to manage all
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  Speaker 4: that man like if you haven't really mastered. And that's
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  Speaker 4: why even when I introduced two tattoo index, that'say long
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  Speaker 4: term strategy once you got to stick with and then
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  Speaker 4: also invest and then global equities in the bond market.
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  Speaker 5: That is a hedge fund strategy.
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  Speaker 4: I put it in the stock club last week, but
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  Speaker 4: there was a hedge fund manager that's up one hundred
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  Speaker 4: and twenty three percent, shortening the bond and.
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  Speaker 5: Es future last year. You have to specialize.
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  Speaker 4: I think people that try and be generalists end up
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  Speaker 4: getting destroyed when you really buckle down on one strut
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  Speaker 4: And you've seen us do it with this, like of course,
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  Speaker 4: like there's nineteen other shows I could have done after this,
• 5:28
  Speaker 4: but it's like, hunker down on one, be good at
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  Speaker 4: one thing, be able to rest and repeat, and all
• 5:35
  Speaker 4: the profitability that you want to see.
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  Speaker 5: And I don't know any traders that trades every market.
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  Speaker 4: I don't know many traders that trade futures, four X options, stocks, NFT, crypto. Like,
• 5:46
  Speaker 4: whatever your lane is, whether it's crypto, NFT four x,
• 5:50
  Speaker 4: master the hell out of it. Get your win to ratio.
• 5:52
  Speaker 5: Up, erness what's up?
• 5:55
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• 5:58
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  Speaker 6: Let's Square handle the back end so you can keep
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  Speaker 6: pushing your vision forward. This episode is brought to you
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  Speaker 6: by P and C Bank. A lot of people think
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  Speaker 6: podcasts about work are boring, and sure, they definitely can be,
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  Speaker 6: P and C Bank National Association Member FDIC.
• 7:44
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 7:48
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 7:52
  Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
• 7:56
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 8:00
  Speaker 1: some of the heinous migrant criminals caught because of President
• 8:04
  Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 8:08
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 8:12
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 8:16
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 8:19
  Speaker 1: are here illegally, your next you will be fine nearly
• 8:23
  Speaker 1: one thousand dollars a day, imprisoned and deported, you will
• 8:27
  Speaker 1: never return. But if you register using our CBP home
• 8:31
  Speaker 1: app and leave now, you could be allowed to return legally.
• 8:35
  Speaker 1: Do what's right. Leave now under President Trump America's laws
• 8:40
  Speaker 1: Border and families.
• 8:41
  Speaker 2: Will be protected sponsored by the United States Department of
• 8:44
  Speaker 2: Homeland Security.
• 8:45
  Speaker 4: Get your profit factor up to a high point and
• 8:47
  Speaker 4: just focus in on that and you'll be good.
• 8:50
  Speaker 5: That's important.
• 8:51
  Speaker 3: A win ray show is important, Yeah, And that's important
• 8:53
  Speaker 3: to master one thing before you do another thing. And
• 8:56
  Speaker 3: like even on the content side, like people do shows
• 8:59
  Speaker 3: and as you don't have one hit show yet, and
• 9:01
  Speaker 3: you're doing another show and you're putting out more content,
• 9:04
  Speaker 3: and it's like, well, you haven't fully figured out how
• 9:07
  Speaker 3: to have a hit show yourself yet, So why would
• 9:10
  Speaker 3: you have another show or why would you try to
• 9:13
  Speaker 3: mentor somebody else to have their show when you yourself
• 9:17
  Speaker 3: have not figured it out yet.
• 9:19
  Speaker 5: There are people out there that do that. Kevin Samuel's
• 9:26
  Speaker 5: this guy is different Now, that's real. It's what you
• 9:29
  Speaker 5: say is real now. It's just like, yo, bro, you
• 9:31
  Speaker 5: got to focus on just you've been in the movies
• 9:34
  Speaker 5: last two weeks. I mean, I mean, but it's real talk, right.
• 9:37
  Speaker 6: How can I say I'm the king of something or
• 9:40
  Speaker 6: I've mastered something if I haven't shown a certain level
• 9:42
  Speaker 6: of success, right in order for me to have a
• 9:44
  Speaker 6: certain level success, now, I could become an authoritarian in
• 9:48
  Speaker 6: the space so I could say like, hey, I've done this,
• 9:51
  Speaker 6: You've seen me do this, you've seen my success. Here's
• 9:54
  Speaker 6: how I can also help you become successful. Now, will
• 9:57
  Speaker 6: it always work? No, because there's gonna be certain factors
• 10:02
  Speaker 6: that you can't teach right. You can't teach work ethic,
• 10:04
  Speaker 6: you can't teach determination, you can't teach drives like.
• 10:07
  Speaker 5: Those things don't come with it.
• 10:09
  Speaker 6: I can show you how we did it, but chances
• 10:11
  Speaker 6: are you probably won't have the same type of outcome, right,
• 10:13
  Speaker 6: which is it's just true.
• 10:15
  Speaker 5: Yeah, I'm with you, my.
• 10:16
  Speaker 4: Brother, true information over ego. We're gonna stay centered. Yes,
• 10:20
  Speaker 4: ego is the enemy. Stillness is the key, right, ego is.
• 10:25
  Speaker 3: So let's all right, let's get let's get the people
• 10:27
  Speaker 3: what they want. Let's go over some stock reviews. Ten stocks.
• 10:32
  Speaker 5: Yeah, I'm gonna go. Yeah, I'm gonna go through Lulu
• 10:35
  Speaker 5: Women first. Yes, yes, yes, yes, yes, lou yes, Lulu Women.
• 10:40
  Speaker 5: I like it hell of a lot. Shout out to
• 10:41
  Speaker 5: my guy TI. He's been invested in that.
• 10:43
  Speaker 4: I think twenty sixteen, go on, I like it in
• 10:45
  Speaker 4: like two thirty seven forty four.
• 10:49
  Speaker 5: This is a minimum five year old.
• 10:53
  Speaker 4: If you're looking for like a low to boat price
• 10:55
  Speaker 4: that would be like two ten thirty seven. I like
• 10:57
  Speaker 4: them for the long term Athleesure high and luxury brand.
• 11:02
  Speaker 4: I like them like Oh, and I want to say
• 11:03
  Speaker 4: this about Tesla real quick. So I gave the price
• 11:05
  Speaker 4: for Tesla in stock club. If you're a part of
• 11:07
  Speaker 4: Red Panda stock Club, I gave a depression level, big
• 11:11
  Speaker 4: recession level price of twenty nine to thirty seven. The
• 11:14
  Speaker 4: next day, the analyst came out and said Tesla could
• 11:17
  Speaker 4: potentially fall to thirty.
• 11:18
  Speaker 5: There were some people who were upset.
• 11:20
  Speaker 4: I do want to say that I'm probably the only
• 11:24
  Speaker 4: person that gives out prices that are like hedge fund
• 11:27
  Speaker 4: level prices. Can't be upset about the price. I think
• 11:30
  Speaker 4: the price that I gave last week for Tesla still amazing.
• 11:33
  Speaker 4: But membership does have privileges. The probability of Tesla going
• 11:37
  Speaker 4: to that price is less than nine percent. If it
• 11:40
  Speaker 4: does go to that price of thirty though, I will
• 11:42
  Speaker 4: be more than happy to put like forty percent of
• 11:45
  Speaker 4: my network into that price. Be patient, and if you're
• 11:50
  Speaker 4: only buying one share, it doesn't matter anyway. So I
• 11:53
  Speaker 4: just had to say that and clean it up for
• 11:55
  Speaker 4: the innwebs For four context, but the probability of it
• 11:59
  Speaker 4: going to thirty is very low. But if it does,
• 12:01
  Speaker 4: you need to know those prices and where to get
• 12:03
  Speaker 4: it in advance. Second one is WW said ninety eighty
• 12:07
  Speaker 4: seven dollars and eighty two cent y. This McMahon is
• 12:10
  Speaker 4: coming back. It is too high for a price to
• 12:12
  Speaker 4: buy well played. I have a couple of friends in
• 12:15
  Speaker 4: the WWE, so I don't want to say too much,
• 12:17
  Speaker 4: but well played by a hunter to take over that
• 12:19
  Speaker 4: man's company and then get a couple of hedge funds
• 12:22
  Speaker 4: to take it over with him.
• 12:24
  Speaker 5: Can we stay there for two seconds? Yes, So he's
• 12:27
  Speaker 5: coming back. We saw the price go up.
• 12:29
  Speaker 6: Obviously for WWE, there is talk that it's going up
• 12:33
  Speaker 6: because the potential of him selling the company would be
• 12:37
  Speaker 6: a great time to do.
• 12:38
  Speaker 5: So, okay, I just wanted to get your thoughts on that.
• 12:41
  Speaker 4: Yeah, And if they do, the previous high was in
• 12:44
  Speaker 4: I think twenty nineteen or like one hundred dollars and
• 12:46
  Speaker 4: forty five cent I think it'll pop to maybe.
• 12:49
  Speaker 5: Like ninety nine bucks and some change.
• 12:52
  Speaker 4: Who was the company that acquired UFC off of Daana White.
• 12:58
  Speaker 5: Everyone homework assignment number one. If they acquire them.
• 13:01
  Speaker 4: Maybe in a few years they'll have a chance to
• 13:04
  Speaker 4: break to one twenty. But I don't necessarily love the
• 13:07
  Speaker 4: stock at this price. If it ever gets back to
• 13:09
  Speaker 4: like that thirty seven dollars or forty dollars range, I
• 13:12
  Speaker 4: love and I would buy it then, even though I
• 13:15
  Speaker 4: don't like the product as much as I used to.
• 13:19
  Speaker 5: My graduates from my school being force back, drop bag drop,
• 13:24
  Speaker 5: Mike drop.
• 13:25
  Speaker 1: Bag drop dropt, an illegal alien from Guatemala charged with
• 13:40
  Speaker 1: raping a child in Massachusetts. An MS thirteen gang member
• 13:44
  Speaker 1: from El Salvador accused of murdering a Texas man of
• 13:48
  Speaker 1: Venezuelan charged with filming and selling child pornography in Michigan.
• 13:52
  Speaker 1: These are just some of the heinous migrant criminals caught
• 13:56
  Speaker 1: because of President Donald J. Trump's leadership. I'm Christine no,
• 14:00
  Speaker 1: the United States Secretary of Homeland Security. Under President Trump,
• 14:04
  Speaker 1: Attempted illegal border crossings are at the lowest levels ever recorded,
• 14:09
  Speaker 1: and over one hundred thousand illegal aliens have been arrested.
• 14:12
  Speaker 1: If you are here illegally, your next you will be
• 14:15
  Speaker 1: fine nearly one thousand dollars a day. Imprisoned and deported,
• 14:20
  Speaker 1: you will never return. But if you register using our
• 14:23
  Speaker 1: CBP home app and leave now. You could be allowed
• 14:26
  Speaker 1: to return legally. Do what's right. Leave now. Under President
• 14:31
  Speaker 1: Trump America's laws, border and families will be protected.
• 14:35
  Speaker 2: Sponsored by the United States Department of Homeland Security,