Have you ever wondered whether the information you are getting from the trading industry is reliable? This industry is drowning in information. If you are like me, you probably get 1,000 emails a week on various trading strategies, signals, courses, tools, blogs, etc…all trying to sell you on why their approach, strategy, signals, tools and whatever else is better than everything else out there.
Can I let you in on a little secret?
It's all worthless.
All of it.
Even my stuff is worthless…
If…
Before I go any further, let me tell you why I am saying this.
I took my first trade about 33-years ago. And I lost money.
It wasn't a lot, but it was a fortune for me at the time.
There are two things I hate in life.
The first is losing.
And the second is losing.
And after losing on my first trade, I was hooked and determined to win.
Unfortunately, it took me about 5-years to stop blowing out my accounts.
I would do well for a time, sometimes really well…and then lose virtually everything.
I would do well again, and lose almost everything.
Rinse and repeat with different strategies, approaches, account sizes, markets, etc.
This became very frustrating.
Turns out, back then, before there were household computers, access to instant data streams, instant fills (we called our broker to make a trade), no commissions, massive research tools providing back testing results at your fingertips, it was estimated that approximately 95% of all active traders lost money.
Those were not good odds.
However, now, things are much better. We have instant access to a world of data, instant fills, option opportunities that never existed before, research tools that will tell you practically anything you want to know about past market action at the push of a button, NO COMMISSIONS (with a lot of brokers), etc.
This certainly has changed the playing field for active traders, right?
Wrong.
The statistics have pretty much remained the same since I started trading.
All the technology in the world has done nothing to increase the percentage of successful traders.
All the information and access to historical back-testing information in the world has done nothing to increase the percentage of successful traders.
Not even the lower commissions (and many times, no commissions) has helped (and I paid a LOT in commissions when I started).
Which pretty much means everything out there is worthless to you from the standpoint of increasing your odds of being successful.
So does that mean it is hopeless?
Does it mean you should give up trading altogether?
No.
But what it does mean is that you should CHANGE how you approach trading.
I believe I have the best trading information in the industry. If I didn't believe that, I wouldn't produce it, and instead, would point you somewhere else.
But even my information is worthless to you if you don't CHANGE how you approach it.
If you don't CHANGE how you approach trading (and pretty much everyone approaches it from the same place…so I AM talking to you)…you can expect the same results.
You will almost certainly lose if you don't.
And that is the TRUTH About Trading.
Until Next Time… Ryan
p.s. The next several TAT posts are going to be about the steps you need to take to CHANGE how you approach trading to reverse the statistical probabilities that are set against you and every other trader out there who are pretty much all doing the same things. Be on the look-out for these…they will be very important for your future success NO MATTER WHAT YOU TRADE.
没有评论:
发表评论