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Are you losing money in trading? Keep your head up, Tim Bohen's got you covered with tips to help you turn it around. Remember, there's no such thing as overnight success in trading... Like anything else, it takes time, practice, and hard work β And knowing what not to do! Don't miss this tip-packed lesson to get back on the right track!
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*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
π Get additional updates! Join our telegram: https://t.me/sttlive
Are you losing money in trading? Keep your head up, Tim Bohen's got you covered with tips to help you turn it around. Remember, there's no such thing as overnight success in trading... Like anything else, it takes time, practice, and hard work β And knowing what not to do! Don't miss this tip-packed lesson to get back on the right track!
π Share this video with a fellow Trader: https://youtu.be/NlDdlHRUQag
π Follow StocksToTrade on social media:
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TikTok: https://www.tiktok.com/ @stocks2trade
π¨Get Breaking News Alerts: https://stockstotrade.info/3JY5Zms
π΄ Try StocksToTrade for $7: https://stockstotrade.info/3Qqs78G
π Check out Small Cap Rockets: https://stockstotrade.info/3Rpp5D8
π² Download the STT app for iOS: https://apps.apple.com/us/app/stockstotrade-mobile/id1403963724
π² Download the STT app for Android: https://play.google.com/store/apps/details?id=com.stockstotrade
π΄ Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
β Links we mention and recommend:
π΄Traders Blueprint Free Guide: https://stockstotrade.info/3GeXH5c
π΄Check out the SteadyTrade Podcast: https://steadytrade.com
π Get Tim Bohen's Ultimate Guide To Part-Time Trading EBook here: https://stockstotrade.info/3RFakeN
β Recommended playlists:
π΄ Day Trading 101: https://stockstotrade.info/DT101P
π΄ SteadyTrade Podcast: https://stockstotrade.info/STPP
π΄ T.W.I.S.T: https://stockstotrade.info/TWISTP
π΄ PreMarket Prep: https://stockstotrade.info/PMPP
π΄ Small Cap Recap: https://stockstotrade.info/recapP
#StockMarket #TradingTips #TradingBurnout
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
Burnout. Listen, I'm sure a lot of you. the reason you're on this video, the reason you're checking. you know, searching around social media and YouTube is you're probably losing money.
Okay, um now. I I Got a lot to talk about and I Want I want you keep your head up Okay, keep in mind every pretty everybody loses in the beginning. You know it's one of those things where obviously you see the social media and you see the TV shows and and it's like this: Overnight success. Listen, trading is no different than anything else.
Um, there's no such thing as an oversight. Overnight success. There never has been okay. uh, other than winning the lottery, it's never been done.
which oddly enough, I'm sure most of you know, like significant majority of lottery winners end up like hating their lives and losing all the money. Okay, but the point is that there's no such thing as an overnight success. Business and Finance and Trading and sports. I Mean it's like think of great book.
one of my favorite books. Malcolm Gladwell Uh, you know that that 10,000 hours book outliers? You know it. It just talks about the fact that you know so many bands and Technical people. It took that $10,000 you hear about.
So if you're losing money, man, keep your head up. It's part of the game. Um I Don't expect you to enjoy it I Don't expect you to be glad you're losing money, but at the same time embrace the process. okay and just know that nobody makes money right away.
And if they if they say they are two things are happening. okay, if they say they're making money right away, number one, they're probably lying and number two there, the Reckoning is coming. Okay I'm big fan of Tombstone Okay, there's a reckoning coming and they will be humbled. Okay, because the market will humble you eventually.
So if if you're not in either of those, I hope you're being honest with yourself. That means you're probably losing money because you haven't been humbled that. So what I want to talk about in this video is how do you get through that? You know, how do you get through that time of of of frustration and despair and aggravation now I Think the number one way right off the bat is going back to what I just said Understand Everyone goes through it. Okay everyone, it sucks in the beginning.
It's it's it's you're losing money. Keep those losses small. Okay. manage your risk.
But number one, everyone goes to it. Number two I think this is so important is you know is is think about your goals Like and like have goals that are more than just money. Okay, hear me out. Listen I Love money Made a lot of money I Plan on making a lot more money.
It's awesome. Love it. But at the end of the day to me, money is a tool. Okay, money is a tool to do the things I want to do.
Maybe that means I travel. Maybe that means I you know, spend time with my family. Maybe that means I buy a new you know, piece of hunting or fishing gear or a new boat. or you know it's a it's a tool to do the things that we really want to do. and I think it's important to focus on that versus just focusing on the money. Like maybe you got a lot of debt. Okay, maybe you got a lot of debt and you're looking for a way to to fix that. Like focus on that goal focus on man.
If I keep doing this and I make the right decisions and I have that long-term uh goal. Maybe two years from now I can be debt free. Okay, maybe I can two years from now I can buy a house. Maybe two years from now I can accomplish this so have a bigger goal than just dollars.
Okay, now again. I get it. We trade to make money, but at the end of the day it's just numbers on a screen. You know in your bank account like you know I know some people are that that's all they care about.
they want to like show you that how many decimal points there are. but I think most good people are working or trading or doing these things because of friends and family and community and and travel and these and maybe again, maybe you messed up and got yourself in debt and you don't like it. You want out of that so focus on those big goals. And then the other thing this is uh again I think very important is having a daily routine.
Um, taking care of yourself like um, it's very easy to and and I Don't know if I would call it necessarily depression, but it's very easy to kind of end up in, you know, kind of a dark place. Like like you're getting up every day or very early. Or maybe you're staying up late. You know to to study and to go over chart patterns and review your trades.
and then like every day it's a red number. or it's a puny green number. Like you lost a couple hundred, you lost a couple hundred and then today you made $17 Okay so it's very easy to kind of get down on yourself and and then kind of end up down that that hole and and and I'm sure many of you have been there and you know you like they say, like bad things come in threes. You know it's like you lose money and then your girlfriend breaks up with you and then your cat gets hit by a car and it's like all of a sudden you're just down in the dumps, you can't show up.
Every day you start missing good trades you're not putting in the work and then all of a sudden it gets to the end of the month and you're no closer than you were a month ago. I Think one of the biggest ways to overcome that is having a very detailed uh uh, daily routine that again focuses on like wellness and keeping yourself high energy in a good mood. This isn't the you know, this isn't an EP episode of Oprah All right, but I'm a big believer in taking care of yourself, mentally, taking care of yourself, physically eating a good diet, getting good rest, journaling, meditating, exercising. like all of these things can be done in a matter of hours.
and if you're willing to get up a little earlier or stay up a lot later, you can get the exercise in you can meal prep. You can work on your mindset and the reason we do that is again when you're struggling, which is probably why you're on this video. You need to maintain a positive mindset. You need to maintain your energy because if you're down in the dumps, you're tired. You're borderline depressed. Do you think you're G to make TR good trading decisions? Like seriously, like if you're aggravated. Borderline depressed. You stayed up too late, you slept two hours, you ate like crap.
Do you think you're going to be a successful Trader Now I'm not saying that's all it takes I'm not saying you know. Following the Hulk Hogan of you know you know exercising, lifting weights, eating your vitamins, and saying your prayers is going to make you wildly profitable. But do you think you're going to succeed not doing these things? Do you think it could help you succeed? Especially during those rough periods to get you through those periods. And I'm a huge, huge, huge believer in that.
So my friends, those are the biggest things I Want you to focus on is is really just daily process. You'll hear me say 1% better over and over again. Truly believe in putting on that daily work, just getting incrementally better Because remember 1% better a day over an entire year. You're not 365 per better, You're 3,650 % better because of compounding gains.
And you start out today making good decisions. You start out tomorrow making better decisions. The market rewards good decision-making and good dis discipline. And guess what that works in reverse.
The market punishes poor discipline, The market punishes poor decision-making It will make everything worse. The market. Funny enough, it's kind of like margin. Okay, the Market's the same way.
the market will make good days better and it will make bad days worse. so you need to be on setting yourself up for as much possible success. And in summary, my friends, losing is part of trading. but managing risk is the most important thing and the best way to learn daily risk management, how to write trade plans, how to show up every day is to check out the daily income Trader System I'm live multiple times a day There's four live webinars with mentors in the Daily Income Trader system.
You're never more than a couple hours away from going over good trades with good mentors and good risk management. And hey, having some fun. Like members of The Daily Income Trader System know we have a little fun too. Lots of dad jokes.
Okay, but if you're interested in an amazing community of like-minded traders that are totally motivated towards helping you get to your goals, click that link below. It's an invitation to 100% Free webinar where you'll get a full tour of the system. 100% free, 100% Live Zero Down side: Hit that link and jump on the next live webinar.
Thanks for keeping it real
Awesome video and your timing is perfect for me I have been experiencing this
Really good tips to cover for beginners, intermediate traders.
Canβt agree more
Such a used car salesman
Get up early
Eat yolk eggs
Work out
I really enjoy your videos. Thank you Tim!
I finally burned out after three years of trying to daytrade. Profitable but its not enough and I've had enough.