This Is Why 90% Of Traders & Investors Lose Money…

Dan Lok Show

Dan Lok

Careers, Entrepreneurship, Business, Management

4.9 • 825 Ratings

🗓️ 16 July 2020

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Your real estate agent tells you it’s a good property. Your friends tell you to invest in their thing. Your stock broker tells you “trust me on this”. Who do you actually trust? The truth is all investments are risky if you make this one mistake. This is why 90% of traders & investors lose money… Listen to this episode to find out the answer: Before you invest you _____?

Transcript

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0:00.0	What are these?
0:14.5	Chennan, Chips.
0:16.0	Now, these are different kinds of chips.
0:18.5	Shannon, what I want you to do,
0:19.5	I want you to think of these chips,
0:20.5	I want you to think of them as your investment capital.
0:23.6	Okay, now each chip could represent,
0:27.6	doesn't matter how much you have,
0:29.6	it could represent $10, $100, $1,000, $10,000,
0:33.6	$100,000, $100,000, it doesn't matter.
0:35.6	These are the chips that you have. These are your investment
0:38.1	capital. What are they? Investment capital. These are your investment capital. What are they?
0:44.0	Okay. So, it's quite a bit of money. So how much you want each one to be?
0:50.8	Any amount? Doesn't matter.
0:51.9	It doesn't matter. 10,000 each room.
0:55.4	A lot of money here, right?
0:56.2	All right.
0:58.7	So how much would you say we have here around?
0:59.1	10.
1:01.2	I'm going to guess maybe 240,000.
1:02.7	Yeah, 200 somewhat K, right?
1:04.4	Pretty sizable investment, right?
	...

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