4.8 • 7.8K Ratings
🗓️ 16 January 2023
⏱️ ? minutes
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In this clip we talked about five reasons why traders blow up their accounts, and how to avoid the mistakes. #stocks #trading #investing
Full Episode: https://youtu.be/VQctchFhkmw (https://youtu.be/VQctchFhkmw)
Monthly Investment Deal: https://www.earnyourleisure.com/pages/stock-market-deals
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0:00.0 | What are the top five reasons traders blow up their account? |
0:06.3 | What are the top five reasons that traders blow up their account? |
0:09.4 | Yeah. |
0:09.7 | So if 2022 wasn't a great year for you, please write these down. |
0:12.9 | I want to be able to help you out. |
0:14.6 | Number one, most traders take too many trades, which ends up blowing up their |
0:19.6 | account because only it only takes three or four bad ones to have you draw down |
0:23.9 | about 50 to 70% if you're using leverage. |
0:27.0 | I think you should stay within a range of 20 maximum for the year. |
0:31.2 | If we have a bullish market, if we have a bearish market, you should stay |
0:34.6 | within 12 trades for the year. |
0:38.0 | Number two, not doing the inner work to heal your money, traumas, |
0:45.0 | and working on yourself constantly to become a better person. |
0:47.8 | That's why at every show, I'll always start with I deserve to be happy. |
0:51.9 | I deserve to be wealthy. |
0:53.0 | I deserve to be rich. |
0:54.1 | I deserve to be free. |
0:55.1 | How many of you honestly truly believe that you're worth two to 15 million |
1:00.6 | dollars a year? |
1:02.4 | And I know I hopefully we get a bunch in chat, but normally when I'm speaking |
1:07.0 | to people, most people don't feel that they work that or that they deserve |
1:10.5 | that amount. |
... |
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