When you're doing nothing, you're actually doing something

[showbizjenkins]

@yahoopl3 I'm not exactly sure why you think losing big is the only way to win big. Unless maybe you were talking about the inherent risk relative to "winning" and define that as the risk to "losing big". I never met anyone who has "lose big" in their strategies. Interesting concept though. Do you mind breaking it down a little bit more? I just want to get some insight on your unique philosophy.

[DJariko]

"When you doing nothing, you are actually doing something, you are just choosing to do nothing." Brilliant.

[RulesOfNoRules]

these lightspeed guys are giving out great advice

[slaphaddalztick]

short and sweet!

[yahoopl3]

too many traders fixate on "not-to-lose" instead of most favorable balance of profit-loss potential. It's basic human nature to assume that loss control = greater profit success. In the world of trading, that's not true.Countless traders have in the past, are right now as we speak and will forever into the future get real good at trading not-to-lose.If you fixate all attention on loss-prevention in trading, you will accomplish exactly that and nothing more. Losing big is the only way to win big.

[CrazyChitTV]

@yahoopl3 It is never a good idea to lose big. Keep in mind that if a stock loses 50% you need to gain 100% just to break even again. Losing big is the way to knock yourself out of the game forever, especially for us that trade options and futures. Cut your losers early and let your winners run.

[yahoopl3]

@CrazyChitTV lol...gee, where have i heard that before? Oh, that's right...from about 5 million other losers...good luck son

[CrazyChitTV]

@yahoopl3 Ok go ahead and lose big, the smart money got out 3 weeks ago. You are the newbie retail trader that buys at the top and panics out at the bottom. Money management is #1. Learn it or lose it. Don't care.

[yahoopl3]

@CrazyChitTV lol, you're a newbee idiot...you'll wash out soon enough...i'm done with you

[CrazyChitTV]

@yahoopl3 Been doing just fine for 17 years. You go ahead with your no risk management idea and eternal bullishness. Enjoy what is ahead for the markets lol.

[RulesOfNoRules]

@yahoopl3 i agree, but the fact that it(betting big) can be a scary proposition is what keeps many from doing it.

[Fitrade]

"When you're doing nothing, you're doing something. You're just choosing not to do something." <---- That is an excellent point this guy made in the video.

If you can wait for the best set ups, and convince yourself to think you're doing something even as you're doing nothing. You will become a great trader :)

[GOOTENAGEN]

I have a problem that is now coming to a head after 20 years of trading...."scared money" I have always thought about the downside, which has caused me never to have caught a meaningful move. I have psyched myself out now, and an ready to blow out. Any recommendations?

[TEDDYRIGHT]

I agree with you and that has been my problem -- trying to hold hold to stocks and watch them go down. Although I will say that some have went back up, but not enough to make sense. Thank you for the advise

[kenazi79]

Thanks you for the advice.

[TheAussietrader]

Great 2minutes of advice Scott you have obviously done the hard yards thanks for passing on this excellent advice

[wisheye1]

This is the absolute truth when it comes to trading. Patience and discipline and knowing your system/plan.  Great video!

[kondziu160]

how much is that  t shirt?

[sfsTrader]

cool shirt