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Market Mondays

The Wrap Up: 2021 INVESTING ROAD MAP

Market Mondays

EYL Network

Business, Entrepreneurship, Investing

5.04.1K 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

Click on a timestamp to play from that location

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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