Today, we're going to be debunking the top five mys of day trading. Listen: I've been day trading 18 years I got started back in 2006. Um traded part-time for about seven or eight years, went into full-time trading then now I Also Mentor changing the lives of hundreds, even thousands of of TR profitable Traders It's absolutely truly my passion every single trading day. but there's a lot of bad information out there and a lot of people treat it in appro it in the wrong way.

And listen. trading is dangerous. You can lose a lot of money. Okay, there is downside: I mean you've heard horror stories, but that's not a reason to be scared of it if you have discipline.

If you have a growth mindset, if you're willing to learn how to follow the rules, it's accessible to anyone. I Don't care. race, color, creed, where you're from, what language you speak, how old you are, anyone can do it. There is a rule book.

There is a guide book for Traders like me that have done it in the past and continue to do it 18 years later. And these myths that I'm about to debunk are just going to keep you away from maximizing the best trading opportunities. So right off the bat, you always hear gambling now as a myth. I Think that I mean I Mean it's like listen, You've often heard 90% of Traders fail.

and that is because 90% or a significant majority of that failure are people that treat the market it as gambling. Okay, they just throw a bunch of money at a random stock. hope it goes up. They have no stop loss like no plan.

They don't even know what they're buying like it may sound crazy to you. like I think you're separating yourself checking out these videos trying to learn. but I've seen it I've seen people that they don't even know what the stock they're in. they're like hey, I'm in this one and I'm down 5,000 bucks and I'm like What's the ticker and they're like uh I think it's blah blah blah and like I type it in I'm like is this it and they're like no, that's not it.

like they got a hot tip somebody told them they saw it on Twitter they saw it on redit and just they just threw money at it I mean they treated it like gambling so that is a big reason why so many failed. Now in my What: I do what I teach what consistently profitable Traders do is they don't treat it like gambling. Okay, we stack as many odds in our favor. Now there's winning and there's losing.

But like one of the best analogies I can give is it's like sports. Okay, there's playing the sport and there's betting on the sport. Okay, if you're just throwing a thousand bucks on, you know the the Detroit Lions Heaven forbid like you don't I mean you're just throwing a thousand bucks at it, you hope you make money and have some fun with your buddies. Etc But if you play for an NFL team, if you play for an NBA team or a college football team like you're not a Gambler like you're hitting the weight room.

You're hitting the nutrition. You're following the guy you're You're watching film. You're going to practice like it's not gambling like a lot of people treat the stock market like sports gambling. Thousand bucks on, you know, on this stock.

Thousand bucks on the Lions What we do as consistently profitable Traders is we're the players man. We're putting in the time and the effort to stack as many odds in our favor. Now we might lose on Sunday but it's not for lack of preparation. It's not for lack of work.

Okay, sometimes you know the the chips don't fall our way, but we still put in our time. We still prepare and we get ready. So you choose. Okay, you want random results and you want to throw some money on the down on some random sports team or some random stock, Good luck.

But if you want to put in the time and the effort, it can be done by following the process. Next one is that you need a lot of money. Like this is kind of funny. Um I Actually tell people people when you're first getting started.

If you have a lot of money like hey, maybe you made some good money and you got a couple million bucks in the bank or your you know your parents left you some money or whatever. even if you have plenty of money to trade with I Beg people trade with a small account. Okay and it's hear me out, People don't like to hear this. But like what's great about trading with a small account is it forces you to be disciplined at the end of the day.

Like if you got a like I said let's say you inherited a bunch of money from Dad and you're just like hey, throw some money here, throw some money there. It's like you can kind of make poor decisions and maybe you break your stop or you add to a loser and you can hold and then it comes back your way. Poor decision making and and it will end up badly eventually. What's great about a small account is it forces you to only trade the best opportunities.

It forces you to keep your losses small and it forces you to maximize your gains. Which what is great about that? And if you got a million bucks I tell you put five grand in the trading account because here's the deal. This is the key thing if you can grow a $5,000 account. Man, you learn the right steps, the right discipline, the right risk management.

You learn your patterns, You learn how to do this. You have a process. Wow all of a sudden now man, you take that. good discipline, those good decision makings, and scale it up to 50,000 or5 $1,000 Count Man, you got something special.

But by constraining yourself and forcing yourself to follow those good habits, and that's how you scale up now. Vice Versa If you don't have a lot of money and you put a thousand bucks or a couple thousand bucks in, it's the same deal. You're forced to learn good habits. and now you got a $5,000 account.

Now you got a $10,000 account. Maybe in a couple years you got a 100 Grand And now you scale up so you don't need a lot of money to get started. You don't need a lot to learn. Trading and I would tell you the opposite.

Start out small, so if something bad happens, it's manageable. Like listen, you blow up a $500 account. Whoopy dooo. Okay, it sucks nobody likes losing 500 bucks, but it's not like you're losing 50, Grand or 500 Grand.

Next is everyone says the market is rigged. You want to know Who thinks the Market's rigged Losers? Okay, losers. That's who thinks the Market's rigged. People that do random things random time a day, have no process, Don't put in the work, don't write trade plans, Don't analyze charts.

Lazy losers. That's who thinks the Market's rigged. Okay, now if you're brand new, it may look: Rigg I Understand that you're like every time I buy a stock, it pulls back. Listen, you're probably not following a process of every time you trade a stock, it pulls back.

Okay, the market is not rigged. It isn't okay, it is now. I'll say this: It's rigged against lazy people. It's rigged against you know, people that don't put in the work.

But like everything's rigged against lazy people. I Mean the business world is rigged against lazy people. College is rigged against lazy people. Okay, everything.

the world. The universe hates lazy people. Okay, everything's rigged against you if you're lazy and you're a loser. Okay, but you know what the market loves.

You know what the business? World Loves You Know what entrepreneurs love? You know what managers love? You know what? everybody loves somebody that's willing to bust their ass and put in the time and the effort back to. Athletics Okay you you know who's your favorite pro athlete? I bet you they work their butt off and you respect it because of that. Your favorite UFC fighter. You know he's training constantly.

every day you're like wow, that's my guy or that's my girl. Okay, next is the Home Run meth mindset. Um I'm gonna find the next Apple I'm going to find the next Microsoft I'm going to find the next Tesla Um, Listen, maybe it will. Okay, maybe personally.

I Think the next Tesla is Tesla Okay, if you want a long-term idea, there you go. Elon's going to change the world that you're going to look back in a year. Five years, 10 years, 20 years. You' Be like man.

I could have bought some Tesla Anyway, the point is not about home runs. The point is, if you approach the market with a with a long-term mindset, knowing that, making good decisions, making small trades, learning how to trade, stacking green trades day after day, minimizing your losses, you can't. You can't fixate on the home runs because guess what? they only happen once a year and are you going to be there for it? That's the thing with the Home Run trades. There will be home run trades.

but are you going to be there for it? I Mean it's basically luck at that point. now. what I teach and what I do is showing up to the market like a professional and trying to collect that daily paycheck. Some days you'll win, Some days you lose, you minimize the losing.

you maximize the winning games. and we're looking at this like a professional, growing our accounts over time. Last thing and I think the most important thing is a lot of people think it's just easy to do on your own. I mean can anyone trade 100% like you got a laptop and a couple hundred bucks? you can start trading today like I was blown away I didn't know.

Yeah. I don't trade at Robin Hood Like a couple years ago in the.com uh or in the not doc the 2020 boom like people were like you don't even have to wait for your funds to clear Robin Hood like you initiate the deposit, they'll let you trade like five minutes later I'm like what are you serious like I didn't know that like every brokerage account I have you have to wire money into because they they ain't going to let you trade with anything until the wire hits I'm like they let you what? the AC doesn't hit for three and they're like yeah, I'm like holy crap. So the point is, there's this fallacy that just because you need a phone and a couple hundred bucks, it's easy to do. It's not do I Think anyone can do it if they work hard and they're disciplined totally totally.

But you need someone that's going to teach you how to do this before you flame out. Okay, back to that 90% failure rate. One of the reasons the failure rate is so high is people are trying to learn on their own and it just takes so much longer. Like think about learning a language on your own like I mean I Know there's a lot of great apps.

Okay, but think about back before apps like you know when I was a kid. okay in the 80s. try learning a language on your own. Like you go to the bookstore or the library and you start reading.

You know, like how would you? You know it's not like you got apps and that's what a lot of people run into with trading. They think, ah, I'll do it on my own and you can. Okay I I did it on my own. Okay, but it took a long time.

Okay, took me three to four years to get to the point where I was Pro profitable. Can you spend 3 to four years? Probably not. Probably not. So the best way to cut down that time and the best way to not burn out, not flame out and give up is to get a mentor.

The best way to get a mentor is click that link below and check out the Daily Income Trader System: You're going to see what we do every single day in this closed community of like-minded Traders People that don't treat it like gambling people. A lot of people have small accounts, a lot of people that know the market isn't rigged, a lot of people that aren't trying to hit home runs. they just want to make consistently daily income trading. Okay, check out that link.

100% live, 100% free. You'll get a full tour of the trading system. Would love to see you there. Have a great day my friends.

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