If You're Thinking of Quitting Trading - Watch THIS
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- Опубликовано: 5 июн 2024
- SMB Trading Workshop (free) tinyurl.com/umarvwvf
Lance on Twitter: / theonelanceb
#lancebreitstein #stockmarket #daytrading
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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!
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
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.
@@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.
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.
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.
I failed for 10 years. Longer than most. Then I broke through. Keep going traders. You’ll get there one day.
Tell us bro where to dig? 🙏
Were you trading demo accounts while learning fundamental or technical analysis?
@@iamthelaptopguy Yes demo and small real accounts.
what turned it around for you ? Mind set ?
@@crispyduck1706 practice mtherfker, like with anything. Document everything you do, so you learn from your mistakes.
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.
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
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
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
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..
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
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!!! 📈📈📈
That’s awesome not a lot of traders have that luxury in there corner
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?
Mine says the opposite :/ We have a great relationship tho.
The nasdaq moves too fast for newcomers, it will kill your account. Try futures on stocks instead. Slow and steady wins the race!@@CalmConst
@@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.
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.
Survival and fighting another day is always step 1! Keep pushing!
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
Mine second year bleeding
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
@@FvckYourhedgeit's a skill that can be learned if you persevere enough
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.
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
I like that mentality Sam
@@vovanminh999 let’s go
"Consistently losing money for a year". That's outstanding. I consistently lost money for more than 10 years before it turned around
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.
I agree. Starting to sit on my hands more now I’m doing much better.
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.
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.
The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
You trade with Carla Koren too? Wow that woman has been a blessing to me and my family.
Initially I was skeptical, until I decided to try. It’s huge returns is awesome! I can’t say much.
4 days ago I said I thought I should quit…That I was terrible and would never succeed…
This video…posted right now…I’ll take it as a little sign for myself. THANK YOU
Yes yes
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...
Absolutely. Market success requires emotional maturity
truth!
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
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 :)
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.
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!
It takes a long time and no day will ever be easy! Keep on pushing. Only ring the bell tomorrow ;)
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.
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
This is helpful and a good reason to keep going. Maybe I'm not following the right prompts. I still have about $121k I could put in the market. Any ideas which stocks I could invest this time?
Truth is that the market ain't quite stable at the moment, but if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.
This is true. I worked as a financial advisor with Merrill Lynch and then as an independent financial manager. I have seen really great profits that can be made by picking the right stocks.
This is something I would like to try. @@cloudyblaze7916 Please, could you recommend who it is you work with?
This is nice. I would really like to work with a financial advisor, but it's hard to find one online these days. I'll appreciate any recommendations made.
I don't like making such recommendations, but I know *Sharon Louise Count* and she's been making really great profits. I think she has a website or something.
Great story Lance! Thank you for sharing it with us. SMB - Amazing work! It’s so encouraging and nourishing to see your videos.
to become a top trader you have to be the perfect imperfectionist or just to be not afraid of losing because everything fluctuates - literary life fluctuates - thus you also have to adapt quick
Great, great advice - thanks a million!!
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.
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.
Amen!
Great video, thanks for posting
HUGELY inspirational! Thank you so much Lance, Mike.
So inspiring Lance, thanks for sharing!
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.
Thank you and respect 🙏
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.
Amazing video. Thanks guys...
I've been there... then I found credible sources like you guys! Even though I'm learning by myself, I don't feel like I'm doing it on my own. Thank you guys for all your helpful info.
My friend is very interesting in trading. He has access to trading technology. But he earns barely enough to survive the family and cannot join the SMB training program. In addition, he has a long-standing dream to join the SMB community. He even works with a psychologist to remove his internal blocks. What can you advise him?
Yes true
I think this is the video I needed to see the most!
Thanks Lance and SMB !
Thanks I needed this!! 🙏🏾🙏🏾💯
What is the annual portfolio percentage return that you target?
I’m curious how often your traders will trade the big 3 exchanges: NDX, SPX, and DJX, or their association ETFs. Not the specific companies within those markets.
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.
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.
Become a trader is independent job bro, you have to reply on yourself. Develope your own game.
this is awesome. Thanks for making this video.
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.
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.
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!
@@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?
Thank you for sharing; this video is gold
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!
Thank you for sharing this video
Thank you Lance, you videos are so helpful ❤.
Thank you for this video.
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.
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
@@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.
Amazing content. Thank you
Thanks Lance. I really needed to hear that motivation.
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.
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
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.
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?
*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.
I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds soon. Thanks
Thank you Sir.
10:24 the "SHARK" there he is ✅🎯
Lance question...within your journey did you trade options too ?
Thank you for your wisdom
Great video guys! Keep the coming
totally relatable, down over half a million in my portfolio with-in my first year of trading was such an overwhelming and demoralizing experience I've ever been through. when I shared my experience with friends they would tell me to pull my remaining 35k and call it quits but the only thought that came to mind was: "but I'm still in the GAME" quitting was out of the question as I knew there was/is still so much to learn.. one year later, my account is looking healthier and my understanding of the markets and how the GAME is played has increased significantly.
thank you SMB for the knowledge you share with the world.
DON'T QUIT!
What play did you make to go from 35k to over half a mil again? Has to be options, right?
@user-sd2fy6uy1v options strategies for sure.. although I do hold long positions, selling put options to DCA has worked wonders along with covered calls when the positions permit utilizing this strategy.
Not quite at 500k yet, but with a lot of patience and discipline 1-3 years, I may break-even.
@@nubeblanca570 Thank you for sharing, good luck on your trading journey!
TRÁDING CAN'T BE LEARNED IS A NATURAL SKILL OR YOU HAVE IT OR YOU DON'T
@@FvckYourhedge completely disagree
Exactly the wisdom I needed to hear. Thank you.
But will you share your edge or how to find an edge?
My friend is very interesting in trading. He has access to trading technology. But he earns barely enough to survive the family and cannot join the SMB training program. In addition, he has a long-standing dream to join the SMB community. He even works with a psychologist to remove his internal blocks. What can you advise him?
Thank you
Hearing what others have gone thru just as I have gives me hope. Tx
@11:15
I am literally reaching up to ring the bell. These choppy markets are discouraging.
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.
Thank you, Lance and SMB! Needed to hear this.
Woww guys. I love this. Thanks😎
I'm on my 3rd year of daytrading equities. I did swing trading and even futures before that. I am still struggling at break even .. but i am very slowly seeing improvement. Your video really really gave me hope. It's a lonely trading world out there. Thank you Lance!!
Earnings season is a good time to swing trade good stocks. Think u can make good money just from that. Keep a watchlist to know thé stock then pounce when opportunity arrises.
Id you have 3 years and You stilk don't get it.
You're not gonna get it man. accept it. Trading need an Specific type of personality SPECIFIC
Keep up the good work. Think of it as an athlethe that are among the best in the world, or the best chess players or poker players in the world. None of them where consistant winners in 3 years. Not Even those that where born with talent. Hard work over time will get u there. Never quit! My mentor that ended up becoming one of the mist successful market players on wallstreet was negative every single month for over 6 years before making it. But when it finally clicked it took him 7 months to become a 7 figure trader. The ground work and the needed hours of experience takes the longest. Go for your dream!!
@@FvckYourhedgenot really. There are different styles of trading cater towards people with different personalities.
You just need to find what works and what doesn't. Only stick to what works and be consistent.
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.
Great video 👏🙏
TY Lance
Great video.
Still working on my plan. Maybe one day i will make enough to be able to sign up
Is there any possibility to trade in US market from India?
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 😢
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.
Lance the man, I love his work so much.
Is Futures a possibility with this?
I watched your Webinar and I'm interested to trying to be part of your firm but 1 little problem is my 6am to 8pm shift Market hours conflict
Très encouragent merci
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).
Great video
this video deserves more upvotes, upvote it people
Lol, not even thinking about it!!! I'm in this for the long run.
The last three months has been so bad I think of giving up even though I love reading charts….I’m three years in I thought i was getting good, but i keep buying stocks when the broader market is at a premium… or I keep trying to buy breakouts….I’m terrible.
Still working on it.
thx lance
Great!
Obrigado 🇧🇷
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 💪
Especially w that attitude! Shine on brotha!
Damnit, Lance. You made me cry.
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
Okay I bought the book but I see I missed a step. Mike I invite you to come speak in my living room.
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. 💪
5 years trading .. I have my setup that works 8 out of ten... But still making loss... I always screw with silly mistake..
Im new to trading started back in July of last year. Started trading my live account in December of last year and blew that one up. So im on my second account but it’s my personal one and I am inconsistent as hell and im losing my damn mind. This has been one of the absolute hardest things I’ve ever tried to do and I don’t want to quit, but goddamn I’m struggling
They all look special. Thats the key to being a trader
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
high risk high reward is what they say. easy risk easy reward is what u should be looking for.
GOAT
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.
I already gave up but I'm gonna shamelessly try again and pretend I never actually quit lol
experience experience experience!
I love you.
Taken me 15 years guys but mental health has always been a struggle with me
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.
I took only 8 month with right resources and mentor