The Wrap Up: 2021 INVESTING ROAD MAP
Market Mondays
EYL Network
5.0 • 4.1K Ratings
🗓️ 20 May 2021
⏱️ 8 minutes
🧾️ Download transcript
Summary
In this week’s Wrap Up Ian discusses an investment road map that can help you be successful this year in the market.
Link to Full Episode: https://youtu.be/MYjsibbfAOw
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Transcript
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| 0:00.0 | On Mondays and Fridays when we are having the most volume, if you're doing an entry day |
| 0:04.9 | trade, once you have locked in profit, so let's say you're up 10% and then you lock in |
| 0:10.1 | 3% and let it run, give it one to six hours. |
| 0:14.2 | You can't sit on top of your trade and watch it the entire time. |
| 0:17.0 | You have to walk away the same way you do not watch your long term investments grow hour |
| 0:23.1 | by hour or minute by minute. |
| 0:25.2 | Make sure you are locked in profit and then you are in a zero risk of losing any of zero |
| 0:30.5 | probability of losing any money on the trade. |
| 0:33.0 | You have to walk away. |
| 0:34.5 | And then for there is no profit without practice. |
| 0:37.1 | Let me say it again, there is no profit without practice. |
| 0:40.4 | There are so many people who are looking to get rich and wealthy who don't want to have |
| 0:44.5 | a competitive edge, don't want to have scale and don't want to master craft. |
| 0:49.4 | That is called hoping. |
| 0:50.4 | It is an illusion is bullshit. |
| 0:52.4 | It does not exist. |
| 0:54.0 | So you need 300 practice trades in order to be good. |
| 0:58.3 | 900 practice trades to be exceptional and 3000 trades to be great. |
| 1:03.5 | And I said it this weekend, but does this make sense now? |
| 1:07.0 | Because some of you are getting destroyed in some of your positions. |
| 1:09.9 | And last year when I was like, hey, you have to go practice, you were like, no, I don't |
| 1:14.1 | know. |
... |
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