In today’s episode of let’s talk stocks, we’re going to take a look at the 7 reasons smart people fail at trading.
We’ll talk about topics, such as, starting at the bottom, the learning trap, playing it safe, the importance of experience, ego, and more.
If you believe you are a smart person, but you’re still struggling with trading and investing, then this video is for you.
Posted at: https://tradersfly.com/2018/08/7-reasons-people-fail-ep-195/
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You are the only one who motivates me to learn about trading. I am sick of ads which telling me that, I need to learn only one secret technique and I will have everything, right away.
this was very good man……great video
Good vid Sasha. Appreciate your input!
This was super interesting! I feel like the things you talked about could apply to many other things!
Excellent lesson! 3 people with reason six disliked the video. Lol
Hi Sasha! Interesting video! I've been actively paper trading for the past three years and I definitely recognize some of these mistakes! I think most of them are very human things to do though, and not so much just smart people being smart.
Every now and then I watch a video of you here and there, love the calm vibe you give and the interesting topics you discuss. This september I will use a part of our savings to start actively trading, since I feel I have gained enough knowledge and experience to start with the real deal. I'm very excited and maybe even a bit scared, but definitely looking forward to it!
Thanks for the videos and keep up the good work!
– Daan
Sasha, those characteristics you mentioned about is not entirely of smart people, it is more of people with "fixed" mindset. Those just started on trading should read a book with title: Mindset by Carol S. Dweck. Lifelong learning and growth.
so helpful thanks!
One I would add: overwhelming yourself by sampling too many things in the beginning. That was my weak spot. I was trading a whole slew of stocks with tons of different strategies and setups and I just went from one small loss to the next. I settled down and decided that I was going to focus on a small basket of like a half dozen ETF's. I learned those ETF's in and out, I got comfortable with trend trading them, then I got comfortable with swing trading them, and along the way I even got a little experience day trading and shorting them. Over time I slowly added more setups to my arsenal. I had much more success this way. I kind of overwhelmed myself at first. I think focusing on ETF's also helped in that it eliminated having to worry about those dreaded huge gap downs. It was when I stopped trying to hit home runs and started focusing on just getting a couple runners on base consistently that I started to make some profits.
Thanks sasha for the knowledge.
You were really on point when you mentioned a combination of SCIENCE and ART.
Is anyone watching this profitable trading?
Great video I'm suffering from a few of these it's like you know me personally.
Hey Sasha
Great video…?
Thank you for sharing knowledge…
Can you further elaborate or make a specific video on the first point that is start at the bottom…
What did I learn today? Engineers are baby trees! Thanks for the lesson senpai
Hey ; Sasha really love your videos I got potential to learned , simple basic strategy thanks for sharing this video hopely have more soon on , regards Lyn from hongkong
always think of yourself as a student!
recommended books-
Ego is the enemy
What I learned loosing a million dollars
Think and Grow Rich
Trading in The Zone
Physco-cybernetics
The stock market exposes the person’s true intelligence. The ‘smart’ people might not be so smart after all after losing their $ to the market.
I love u so much
Thank You Sasha. You are very helpful.