If You're Thinking of Quitting Trading

If You're Thinking of Quitting Trading - Watch THIS

Рет қаралды 114,101

Күн бұрын

Пікірлер: 242

@kaitlyncranwick 10 ай бұрын

This is not financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!

@hunter-bourke21 10 ай бұрын

Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional

@maryHenokNft 10 ай бұрын

Very true, I started investing before the pandemic and that same year I pulled a profit of about $750k with no prior investing experience, basically all I was doing was seeking guidance from MARY ONITA WIER who's a guru in the game, you can be passively involved with the aid of a professional.

@maggysterling33254 10 ай бұрын

@@maryHenokNft It took me 3 years to stop trying to predict what's about to happen in the market based on charts studying because you never know. Please, i need the help of your Investment advisor.

@maryHenokNft 10 ай бұрын

I'm guided by *Camille Alicia Garcia* An experienced coach with extensive financial market knowledge. While you can consider other options, her strategy has yielded positive results for me. She offers valuable insights, including entry and exit points for the securities I concentrate on.

@TheresaAnderson-kf5xw 10 ай бұрын

Thanks, I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.

@michaelj.pasley5283 Жыл бұрын

I failed for 10 years. Longer than most. Then I broke through. Keep going traders. You’ll get there one day.

@CalmConst Жыл бұрын

Tell us bro where to dig? 🙏

@iamthelaptopguy Жыл бұрын

Were you trading demo accounts while learning fundamental or technical analysis?

@michaelj.pasley5283 Жыл бұрын

@@iamthelaptopguy Yes demo and small real accounts.

@crispyduck1706 Жыл бұрын

what turned it around for you ? Mind set ?

@TheRealDealVideos 11 ай бұрын

@@crispyduck1706 practice mtherfker, like with anything. Document everything you do, so you learn from your mistakes.

@ConwillWeber 3 ай бұрын

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Carla Koren.

@BonillaAbbey 3 ай бұрын

I'm surprised that you just mentioned Carla Koren here. I met her at a conference in 2018 and we have been working together ever since.

@CeraKolper 3 ай бұрын

You trade with Carla Koren too? Wow that woman has been a blessing to me and my family.

@KnockerBryan 3 ай бұрын

Initially I was skeptical, until I decided to try. It’s huge returns is awesome! I can’t say much.

@ConwillWeber 3 ай бұрын

she's mostly on Telegrams, using the user name

@ConwillWeber 3 ай бұрын

Korenfx

@Korupshenv1 Жыл бұрын

I felt like giving up multiple times. My wife has been the person to keep me in the game. She would say to me, “Don’t give up! You are going to make it! There’s just one piece you are missing! Keep trying! I believe in you!” I am now a consistently profitable trader thanks to her belief in me. Don’t give up guys!!! YOU WILL MAKE IT!!! 📈📈📈

@HEC892 Жыл бұрын

That’s awesome not a lot of traders have that luxury in there corner

@CalmConst Жыл бұрын

I am trying to trade NASDAQ futures. Do you think it worths to try find edge in trading indexes or better to switch somewhere else?

@T.R.U.T.H.. Жыл бұрын

Mine says the opposite :/ We have a great relationship tho.

@T.R.U.T.H.. Жыл бұрын

The nasdaq moves too fast for newcomers, it will kill your account. Try futures on stocks instead. Slow and steady wins the race!@@CalmConst

@Korupshenv1 Жыл бұрын

@@CalmConst The best thing I did was switch to futures. I traded Forex previously with retail Prop Firms and had not much success. Futures is the way to go. ES and NQ are very similar, so check to charts and see which one suits your strategy.

@donaldjack5487 10 ай бұрын

I began my investment journey at the age of 38, primary through hard work and dedication. now at the age of 42,I'm thrilled to share that my passive income exceeded $100k in a single month for the first time.this success reinforces the important of the advices mentioned earlier. It is not about achieving quick wealth but rather ensuring long term financial prosperity.

@TianaHook 10 ай бұрын

Investors should exercise caution with theire exposure and exercise caution when concerdering new investment, particularly during periods of inflation. It's advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields

@donaldjack5487 10 ай бұрын

Through closely monitoring performance of the portfolio, I've witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on experience traders are able to generate substantial returns even in lesser-known markets it's safe to say that this bold decision has been one of the most impactful choices I've made recently

@MorrisonChris 10 ай бұрын

This past few months watching my forex portfolio decline is very disheartening.holding doesn’t really profits much. Any idea on how to earn better on the short run?.please recommend to me your Fin advisor

@donaldjack5487 10 ай бұрын

The advisor I'm in touch with is *JESSICA KATHERINE ELLIS* she work with merrill, piece, Smith incorporated and interviewed on CNBC television. You can use something else, for me her strategy works hence my results.she provide entry and exit point for the securities I fucose on..

@MorrisonChris 10 ай бұрын

Thanks so much, I just google her name I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get

@JasRoss Жыл бұрын

That learning curve kills most traders up front early by blowing up accounts. I could never trade in a sim, as there were no emotions. I spent the first couple years trading very small size to simply hone my process, find my edge, and most importantly to learn risk management. I am on year 3 now and despite the turbulent year in markets, its been my best yet. August in particular I had 18 wins and 1 loss with a 17.5x profit factor. It is all coming together. You just need to survive to thrive. Nothing replaces time in the seat (experience). Minute daily improvements each day add up. Until then, stay small, stay green, and keep working at it.

@samricher Жыл бұрын

I blew up six figure in my first year and was still able to save and go back to the market. It took me one year and half to save in the real world but yea no regret now. We live once and there is no time

@vovanminh999 11 ай бұрын

I like that mentality Sam

@samricher 11 ай бұрын

@@vovanminh999 let’s go

@lvdeluxe1 Жыл бұрын

Trading is simple, If the statistical edge setup is missing just sit on your hands. If the trade is missed, there will be another one soon so just sit on your hands. If you get stopped out, just sit on your hands. The most difficult thing to do in trading is sitting on your hands. 😮 PS: US30 has missed my entries all week long and I'm still sitting on my hands it sucks but it is what it is.

@patinho5589 Жыл бұрын

I agree. Starting to sit on my hands more now I’m doing much better.

@livestreamfx Жыл бұрын

"Consistently losing money for a year". That's outstanding. I consistently lost money for more than 10 years before it turned around

@hassann.mugisha6084 2 ай бұрын

10 yrs ? How did u hold on ? I hsve lost all my profits of 6 months , In 3 weeks

@sbespn3820 Жыл бұрын

The journey can easily take 5 + years. Especially if you're not getting the right guidance, or mentorship. You have to love the process and be passionate about it. The best thing I think a trader can do to survive the learning curve and not blow up their account is to trade with real money, but size way down, and never lose more money in a single day than you have the ability to make. Your losing days should never be larger than your average winning day.

@TheOneLanceB Жыл бұрын

Survival and fighting another day is always step 1! Keep pushing!

@FvckYourhedge Жыл бұрын

No man. trading CAN'T be LEARNED. Investing 5 plus years In an ability you don't naturally have Is very Stupid And Waste Time that it won't come back

@bashirpaikar1326 Жыл бұрын

Mine second year bleeding

@swapnilchaudhari8694 Жыл бұрын

if you learn from right person,do consistent trading,practice consistently and then improve consistently then 1 year is enough to click everything and become profitable trader

@iecsao Жыл бұрын

@@FvckYourhedgeit's a skill that can be learned if you persevere enough

@Theresaa12 11 ай бұрын

I am experiencing one of the most challenging phases of my life... Lost a fortune lnvesting in emerging companies. How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

@EverlyndPerez 11 ай бұрын

Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge

@gregorywhem 11 ай бұрын

I agree, based on personal experience with an investment advisor, I currently have $985k in a diversified portfolio with exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable.

@HarrisRyan-oy8eo 11 ай бұрын

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

@gregorywhem 11 ай бұрын

*Alicia Estela Cabouli* Her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting a financial advisor.

@RickWatson-xu6gw 11 ай бұрын

I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds soon. Thanks

@jonnooney7102 Жыл бұрын

I needed that....like you were talking directly to me knowing how my week went. Took my futures account from the edge of bankrupt to 600 positive in an hour then turned around and let it get chewed up by over trading. I knew better but somehow let myself get sucked in .....again. The struggle is real trying as hard as you know how. Seems like it just happens easy when you just forget about profitability and trade fully expecting to blow the account.

@SaimirDervish 11 ай бұрын

If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to making you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life...

@danielisah9065 11 ай бұрын

Absolutely. Market success requires emotional maturity

@smbcapital 11 ай бұрын

truth!

@LuisH.Rodriguez 11 ай бұрын

The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional

@raynxxiaqoh2833 Жыл бұрын

I came late into this industry. I am turning 40 next year and I started learning to trade back in 2021. You can imagine how hard it was for me to learn because my mind, body and temperament have already been solidly molded by the years. Some habits and mindset were very hard to modify already. But, I really want this career, endeavor to work-out. Thank you for the pep talk. I can see I'm 1% better than my past self a month ago. And my goal now is not to ring the bell today!

@TheOneLanceB Жыл бұрын

It takes a long time and no day will ever be easy! Keep on pushing. Only ring the bell tomorrow ;)

@hilariousTrader Жыл бұрын

Hang in there and keep going, I also started late when I was 37 in 2019 and only now I'm starting to get it. Keep going my friend God bless.

@LawrenceChung Жыл бұрын

thanks Lance. this channel (and your channel) is my mentor for trading. from 2yr back when I wouldn't listen to mentors to now that I am willing to observe and listen (to you all and the mkt), I've changed a lot as a person and trading has made me better overall. I actually remmeber in yr ayahuasca video saying sth along the line of 'Am I asking the right question in life'. and that became my guiding star in both trading and life. I even made a poster out of it to remind me of it at all time. thanks again :)

@AgarwalKush Жыл бұрын

I totally know what we all are going through, But remember its a tough battle and its so proudy moment to beat that. Its not easy. The road is quite near, bring it on. Focus on finding your edge and execute that. We all can do that

@jaroslavvaclavik7992 Жыл бұрын

I will never give up on trading and improving trading skills, but starting to learn how to give up on those who don't believe in me. Trading environment will shape you undoubtfully.

@jorgepaez2616 3 ай бұрын

I am about 3 months into my journey and i have given it all with no success ... yet thank you for the support much needed ...

@MR_TRW 11 ай бұрын

With any trading system, the market will offer you exits for your trades that are poor. If you are starting a position, the market may try to shake you out. If your confidence is low, you will most likely give in to the market’s bullying and take your loss. This is what you have prepared your mind for since your confidence is low. On the contrary, if your position starts to work for you, you are more likely to exit too early. Once you have a chance to lock in a profit, you do so sacrificing further significant profits. Or there is the chance you will hold a position too long, being offered the opportunity to exit like you had planned, but in the mindset of losing money. So you are more likely to let that stock reverse and wipe out your profits. The market demands that you believe. You can train at the best prop firm in the country, but if you do not believe that you will succeed, then you will not. If you cannot visualize yourself as a successful trader, then you will never become one. If you never obtain the confidence that you will succeed, then you will not survive to enjoy the most opportunistic markets. LOVE THIS BOOK MILTON FROM SOUTH AFRICA!

@DarthTrader707 Жыл бұрын

Might be the best SMB video I've seen. I'll be handing out this link every time I run into a frustrated new trader who is getting down.

@thealternativecontrarian9936 Жыл бұрын

None of the successful traders who have made a million a year or ten million per year have ever said, "Trading is easy." It is always hard and always will be hard no matter your experience or skills.

@Firstmajortomlikestoticker Жыл бұрын

10:24 the "SHARK" there he is ✅🎯

@Weltbummler23 Жыл бұрын

Inspirational man… im in this boat right now. 15 months in, feeling like i hit the wall and progress leveling off, but i know theres more i can read and learn. Will keep at it. Thanks for everything you do, i watch your clips often.

@ohmytrex7554 Жыл бұрын

Why do you feel like you’re hitting a wall? How’s your trading going so far? I’m opened to reviewing your trades if you want

@Weltbummler23 Жыл бұрын

@@ohmytrex7554 as lance mentioned in #1, feel like I'm not gaining new insights and learning as much lately. Have made large improvements over the past year but over the past 2 months have plateaued out at around an average 2-3 R loss per week. Gonna try a couple new things next week, will see. In this case R is my average risk per trade not risk per week. Am making about 20-25 trades per week.

@gr8filibuster 4 ай бұрын

@11:15 I am literally reaching up to ring the bell. These choppy markets are discouraging.

@quantum7401 Жыл бұрын

I'm done day trading. It's overcrowded with too many people and too many computer programs all scrambling to take the first cent. I'm going back to selling 5-delta option leaps.

@ronlobo707 4 ай бұрын

So inspiring Lance, thanks for sharing!

@44beebe Жыл бұрын

Thank you. It has been a long hard road, but I have never considered quitting.. The hardest thing for me is trading on my own. After paying for many trading groups I finally had to stop and just trade on my own. I wish I could find traders with a similar style to mine that I could share Ideas with for free. I have some trading friends, but the information we share is limited to the basics of trading psychology and risk management since we have different styles and trade different instruments.

@christinamccarter8869 Жыл бұрын

I think having an accountability partner is extremely beneficial for making sure you stick to your rules. I don’t necessarily think they need to have the same trading style to help you meet your goals. They just need to listen and acknowledge that you did or did not meet your goal for the day.

@vovanminh999 Жыл бұрын

Become a trader is independent job bro, you have to reply on yourself. Develope your own game.

@cloudreaver Жыл бұрын

Damn, I needed this pep talk. After making a ton of money in May and June, I’ve been losing money since July and August. I know the potential is there. I know some of my strategies work. I just need to wait and focus on the easy layups. Capital preservation is key. I cannot lose so much that I’m out of the game. My future is gonna be so bright 💪

@TheOneLanceB Жыл бұрын

Especially w that attitude! Shine on brotha!

@EK-ko9sh Жыл бұрын

Great story, gives me some hope. def need to find help so I don't keep feeling alone in this struggle. I'm about 4 years in and down past any number I feel I can recover from in my lifetime with trading (at my current skill set anyway, since all these people talk about how easy it is) Still grinding though trying to learn, thinking maybe it finally clicks at some point.

@group_of_likeminded_traders Жыл бұрын

I feel you a 100% Have also started trading around 4 years ago and slowly getting a bit above breakeven... It is a very hard and difficulte journay but very rewarding and full of self development. If you want to connect let me know, I am mainly daytrading indices.

@davidmiller-zf8zl Жыл бұрын

I'm deep into year 4. I've been break even for 18 months and feeling like I'm so close. There are plenty of days that I wonder if I've made a huge mistake. Living off my savings for almost 5 years is a mental battle for sure. I wish both of you the best of luck!

@group_of_likeminded_traders Жыл бұрын

@@davidmiller-zf8zl Which types of markes are you trading? And are you more of a swing or daytrader? And do you want to connect and exchange experiences and push each other forward?

@EMan-cu5zo Жыл бұрын

Been at it for about 4 years but I work early in the morning so I don’t get to my desk till one thirty in the afternoon. Sometimes it’s for the better other times for the worse. Haven’t had the best year this year but better than last. My first year was by far my best.

@wunderjanka Жыл бұрын

Great story Lance! Thank you for sharing it with us. SMB - Amazing work! It’s so encouraging and nourishing to see your videos.

@alecunkel2471 Жыл бұрын

this video deserves more upvotes, upvote it people

@dongtv5919 10 ай бұрын

Blew my account its only 200 bucks but I'm still studying i need to be profitable this is my only chance to succed in my financial life. 💪

@marklasky3555 Жыл бұрын

So great Lance thank you so much...back to the origins of your decisions and commitments you've made..I haven't come this far to give up but to only get better at least 1% everyday.

@TheOneLanceB Жыл бұрын

Amen!

@chadm3850 11 ай бұрын

They all look special. Thats the key to being a trader

@DjDanHolloway 11 ай бұрын

Just a shame their isnt any real mentors on youtube but rather kids that are experts in marketing that are here to take our money

@leon21th64 Жыл бұрын

10 million a year mean that you have to make the neighborhood of 65 to 70 thousand dollar profit per day assuming you win 80% of days in a year (~250 trading days).

@Sebastian-qx3fu Жыл бұрын

Woww guys. I love this. Thanks😎

@kennygaddy9899 Жыл бұрын

Hearing what others have gone thru just as I have gives me hope. Tx

@milanbanicevic6601 Жыл бұрын

Lance the man, I love his work so much.

@Trader.beginner Жыл бұрын

I am new to trade and I am doing from UAE , I never had any advice except watching few videos in yt, my capital comparably very less however I could see the opportunities yet I do early close due to fear and sometimes overtrade which makes me lose past year, now I start doing swing trade which makes my loss limited 😢

@perficete1000 Жыл бұрын

Of course! Don't give up! We need sheep to shear them. If all the weak traders leave, it will be much more difficult to rob the strong ones. So, stay and try to trade until you completely empty your account. Only then can you leave, but not before.

@dazisgud Жыл бұрын

But will you share your edge or how to find an edge?

@coolx9357 Жыл бұрын

this is awesome. Thanks for making this video.

@yj677 Жыл бұрын

high risk high reward is what they say. easy risk easy reward is what u should be looking for.

@cileniomagul Жыл бұрын

Thank you Lance, you videos are so helpful ❤.

@Gee-lo6cb Жыл бұрын

Exactly the wisdom I needed to hear. Thank you.

@mikem4251 Жыл бұрын

Still working on my plan. Maybe one day i will make enough to be able to sign up

@john2097 Жыл бұрын

Thank you for sharing this video

@movingtraderofficial 11 ай бұрын

Great video.

@tradergirlatx Жыл бұрын

Damnit, Lance. You made me cry.

@terrykunath7037 Жыл бұрын

Great video guys! Keep the coming

@untetheredquest7417 Жыл бұрын

Thank you for this video.

@_N0_0ne Жыл бұрын

Thank you

@G_Mac_Trading Жыл бұрын

Thank you for your wisdom

@christinamccarter8869 Жыл бұрын

Great insight into being persistent. I created a trading psychology video for how to goal set specifically for traders who struggle with establishing and maintaining good habits. I believe I use overtrading as an example throughout, since it is so common in the trading community.

@LJ-Pontoonboat Жыл бұрын

Amazing content. Thank you

@jamesesparks Жыл бұрын

Is Futures a possibility with this?

@KimarShabbaz Жыл бұрын

So this is basically an smb prop firm marketing recruitment motivation video.

@Nagaslingshot007 Жыл бұрын

5 years trading .. I have my setup that works 8 out of ten... But still making loss... I always screw with silly mistake..

@kamleshgorasiya8923 Жыл бұрын

Is there any possibility to trade in US market from India?

@samuelhndourado 10 ай бұрын

Obrigado 🇧🇷

@VigneshRishab 6 ай бұрын

Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $117k stocck portfolio, what’s the best way to take advantage of this bear market?

@holbrook-ul9cf Жыл бұрын

Hi mike I have been trading for almost 3 years right now went through hell as every successful trader went through am now on the breakthrough stage,I just want to be your prop firm traders I will show my skills how I can I become your prop firm trader waiting your reply

@paws4thought449 Жыл бұрын

Taken me 15 years guys but mental health has always been a struggle with me

@adichbi9612 11 ай бұрын

Hello, my question is - Do you thing the trading is for anyone ? I mean you need to have a high level of education?. thank you very much.

@Ben-iq3dv Жыл бұрын

thx lance

@oceanblue2386 Жыл бұрын

Okay I bought the book but I see I missed a step. Mike I invite you to come speak in my living room.

@bashirpaikar1326 Жыл бұрын

There are 2 types of loser 1-loser 2- super loser, I am super loser lost everything currently doing Uber but I won’t let that go everyday I am getting stronger and keep losing I know and I am able I guarantee I can make it that’s it. P.s I talk about Forex not stocks

@khoakdoan 8 ай бұрын

experience experience experience!

@darrenboyer7609 Жыл бұрын

Great video

@mvarunpatil Жыл бұрын

I took only 8 month with right resources and mentor

@sk-ow3cr Жыл бұрын

2.5 Years in. Hell no to quitting!!!! Keep going people. You will get there. P.U.S.H (Persist Until Something Happens).

@thomaspansing4323 11 ай бұрын

Persist Until Success Happens

@anibaltorres6308 Жыл бұрын

TY Lance

@ronredmond Жыл бұрын

I've been consistently profitable for the last 8 months of my 4 year journey, might break 6 figures this year. The idea of sizing up when I'm ready, makes me sick. =P

@BASE5NYC Жыл бұрын

Would have been interesting to hear this guy talk but it's all scripted sales pitch. Struggling to get half way through it. No one wants a sales pitch anymore. Rookie move.