 Alright guys, I'm gonna clean up the lines. I'm like I started What's up everyone today's Monday YouTube live day yesterday was the Super Bowl so congrats to the Rams for winning the Super Bowl I bet on some stuff at the Super Bowl. I bet on the coin toss to be tails. I lost that I bet on the Rams to win straight up I won that and I bet on the Gatorade to be blue and I won that too. So feel pretty good, right? so let me kind of talk about Some market action market sentiment right now, and then I'm gonna get into the topic of why 90% of traders fail So this is being recorded on February 14th today's Valentine's Day So if you didn't get your girl something for Valentine's Day, she's gonna whoop your ass, alright? So anyway point is guys that The market right now has been very very slow Okay, so the reason why it's been slow is you guys have to realize that for two years Okay all of 2020 and all of 2021 we had the craziest market action I've ever seen in my entire life because there was so much dumb uneducated money entering the market that hey Trading became easy became the coolest job in the world. The number one was only fans number two was trading, right? And after two years 24 months of crazy action How can it not be normal that one or two months are dead slow, right? If you have 24 months straight of action, it makes sense to have two months of slow action The problem is most traders that have entered the market in 2020 or 2021 have never seen what a slow market cycle has been like I have just come up on my eight year trading anniversary in February February is my eight year trading anniversary and in my eight years of trading I have seen slower markets than this It's called the summer the summer is historically three four months of slow dead action guys So I've been seeing a lot of people just crying all the time. Oh my god. The market sucks. I can't make money This is horrible. This is terrible. What should I do? How can I fix this? I'm so depressed. I'm so sad I have no money anymore blah blah blah and My advice for you stop bitching stop moaning the market fucking sucks right now. Okay, it sucks I get it sucks for me too, but you crying you complaining you being depressed you being sad is not gonna fucking change anything Right is not gonna change anything. So what you have to realize guys the market moves in cycles I've been saying this for fucking years now. It seems like years. There's gonna be a cycle where the market is hot There's gonna be a cycle where the market's cold. There's gonna be a cycle where cryptos hot There's gonna be a cycle where it's cold. There's gonna be a cycle where NFTs are hot There's gonna be a cycle where it's called the world works in cycles Okay, so right now we are experiencing a slow market cycle and that is leading to a lot of people complaining I get it by this time last year. I was already probably up a quarter million dollars on the year this year so far I'm probably break even right and that's okay. That's acceptable right this this is the fucking business Okay, just because I made millions of dollars last year. I made three million dollars last year. It does not mean I'm gonna make 10 20 a hundred million dollars this year the reason Traders make money is based on opportunity. Okay. I said this in last week's video if there is 100 opportunities in 2021 and one opportunity in 2022 chances are in 2021. I'm gonna make a hundred times more money It's the same thing right now in 2022 there has not been many opportunities Because there's not have been many opportunities been very hard for us to make money. Okay now that doesn't mean okay when the next Opportunity plays I'm gonna use a hundred times my size to make up for it It just means guys that we are in a cycle where you have to preserve your money You have to kiss and hug your money because it's very easily being Destroyed and burned away in the market action. So I have a lot of people crying to me right every day They're crying to me. Oh my god. The market sucks. Oh my god What am I gonna do? I'm listening to people on Twitter and I'm losing money from people listening to Twitter like come on guys It's it's it's this is normal Okay, so if you find yourself struggling in this market cycle size the fuck down If you find yourself struggling in this market cycle go take a vacation. You know what I'm gonna do I'm taking a vacation tomorrow. Okay. I'm going to Miami for a week tomorrow because I want to clear my head I don't want to fucking think about trading trading has been choppy trading has been annoying I even took a loss today. Okay big deal. So what so what I like to do guys what I like to do I'm not gonna sit here and bitch and mode. I'm gonna tell you the market sucks. I'm not gonna tell you I'm fucking depressed forever. I'm not gonna tell you I'm going through a midlife crisis Well, I'm gonna tell you guys I need a fucking trip. Okay. I want to clear my head I want to go on a vacation maybe for you you want to go skiing Maybe for you you want to go fishing maybe for you you want to find a side check Maybe for you you want to go outside and run. I don't know what's gonna help you guys But in this market cycle, I'm trying to focus on mindfulness I'm trying to focus on fixing my brain because my brain right now is getting miss miss wired. Okay My brain is telling me you stupid fuck sit here and try to make money when in reality My brain should be telling me my logic should be telling me the market is slow So use that time to focus on yourself because when the market is hot we have no time for friends We have no time for family. We have no time for ourselves So instead of crying and bitching and moaning and saying oh my god, what am I gonna do? You know use this time to focus on yourself use this time to pamper yourself I look like a fucking homeless terrorist. Okay. I haven't fucking left my house, right? And that the reason why because I've been so focused on trading and working when I think I need a fucking vacation Okay, I need a vacation just clear my head. So For you guys in m.i.c. Not an m.i.c. Whatever Tomorrow I'm going on vacation for a week. I'll be back Sunday. I don't know if I'm gonna be trading I'll probably trading here and there a little bit, but I want to just get away man I need to I need to just go see the sun. I need to go relax a little bit I just need to get away from the slow snow. Whatever. Okay. That's how I'm fixing my brain So don't be afraid. Don't be upset that the market cycle sucks right now 90% of traders are losing money right now 90% of traders that Made money in 2022 2021 And then 2020 and 2021 are losing it right now for 24 months. They were making money and in one month They lost it all right. So don't be one of those guys. Okay. Don't be one of those guys for me I've sized down dramatically because I want to fucking kiss my money I made millions of dollars last year and there's no fucking way in hell that I'm risking any of that money A very smart man once told me you only need to get rich once and once you're rich Do not fucking waste it and for all of you guys that made money in 2020 and 2021 You got rich now. Don't fuck it up gambling on some random shit. You want to gamble gamble on the super bowl like me Okay, I risk hundreds of thousands of dollars if not millions of dollars On certain setups in the stock market and on my sports betting I risk 200 bucks to it I pay more of that in commissions. I pay more of that in locates. So always live within your means guys So that's kind of my rant on the current market action If you're crying if you're bitching if you're moaning if you're saying that you're going through a midlife crisis Fuck you you had 24 months of green action You had 24 months of making money and so what two months you're losing money big fucking deal If you cry no one's gonna care if you bitch no one's gonna care if you're fucking depressed I'm sorry. No one gives a shit. You just have to realize that this is normal This is how the market works This is how it is designed to work because the more emotional the more depressed the more fucked up you get in your head The more irrational trades you're gonna take the more stupid trades You're gonna take the more fucking money you're gonna lose and all of a sudden It's gonna go into the hands of the people that are patient and wanting to slowly make money. Does that make sense guys? Okay, now that my rant on the market is over. I want to mention one more thing until We continue going so I've been recording more lifestyle content day in the life vlogs day training where you guys follow me around Watch my trades travel all that stuff. So a lot of people want to see more lifestyle content So probably this weekend i'm going to release my first lifestyle video It's pretty much going to be a day in the life where you guys get to follow me around and look at my trading and see how I trade I was trading uv xy. I was trading tesla. I was talking about nfts long-term investing all that stuff So be on the lookout later this week I'm going to make some more lifestyle videos and if you guys like it I'll make it weekly if you guys hate it and tell me to fuck off I'll fuck off So I just want to try something different try to make this educational stuff a little bit more fun because It's kind of boring learning about this stuff, but the boring stuff makes you money. So anyway, let's get into today's topic Why do 90% of traders fail? Okay after eight years of trading after eight years I found out why 90% of traders fail Okay, I'm going to give you a bunch of reasons why and then let me know if this sounds like you number one 90% of traders fail because they think it's as easy as buying someone's alert right when I first started trading I thought that the fastest way to make money was to follow somebody and follow their alerts If I had to pay them a thousand dollars and I can make five thousand dollars from it I would be fucking rich right that's why I learned that if you start following someone else's alerts You have to remember that they are on a delay They are scamming you they are getting in hours Maybe even fucking days ahead of time before they pump it to you Okay So number one reason why people fail is because they look for some sort of Guru to tell them where to buy and where to sell and what they fail to realize the guru is getting in an hour early And selling an hour before you fucking find out they're on a delay. They're on whatever bullshit So number one do not ever follow someone else's alerts. That's the number the number one reason why traders fail Number two reason why traders fail is because they have no strategy. They are gambling Just like I am sports betting. I know that is gambling Okay, I know how the fuck am I going to know that the gatorade is going to be blue Is it because I did data and I said all right the last five times It was blue and I'm going to do the teams colors are blue and the sky's blue and my moon shaman told me the blue sun Is whatever the fuck it is. No, I'm gambling and I know I'm gambling on sports betting But in the market in the market, I know that there's certain strategies and certain setups that have a high probability At high percentage of winning the problem is when most people start they don't have a strategy They don't know what they're doing. They're just a fucking throwing darts Right, they're throwing darts because they don't know they don't know a strategy that works So people spend a lot of time just training random shit and random strategies that they don't even know that works, right? So when I start to find a strategy that works for me, whether it be a first red day Whether it be a shorting into resistance, whether it even be a the zombie rule, which is a pattern My training started to excel. Okay, my training started to excel So if you do not have a strategy if you're just winging it every morning If you're waking up five minutes before the market's open and you're seeing what the top percentage gainer is And you're trying to buy the percentage gainer. You're probably going to get dumped on you're probably going to lose money You're probably not going to make money. So if you don't have a strategy in the market, that's another reason why traders fail Okay, let's say you don't follow chat room alerts and let's say you have a strategy Is that enough? The answer is no because now what ends up happening is you are oversizing You are going full size all in. I'm gonna fucking mortgage my house on every single setup that there is So the problem is after you ignore the chat room alerts after you have a strategy that works The problem is that you guys are over sizing into stocks. Okay Let's say 1000 shares is your max size. You're going 1000 shares here 1000 shares there 1000 shares here 1000 shares there The problem is guys in the stock market again, it is based on opportunity or it's based on the setup Right if there is a stock here that doesn't have a high probability of working Let's say it has a 50 chance of working. It's a coin flip. Let's say let's say you're gambling on earnings Let's say you're trying to buy netflix earnings netflix earnings is a 50 50 Okay, it's going to either go up or it's either going to fucking go down. Who knows That's one gamble setup But if you have something like a first red day where 90 percent of the time if it fits that criteria and fits That pattern 90 percent of the time it's going to make money Would you rather go all in on 90 percent setup or would you go 50? I mean all in on the 50 percent setup That's the problem guys a lot of people are going all in on the bullshit setups and not going all in on the hot setups They're going all in on everything and that's a mistake that I first made when I first started to I thought every setup was a full-size setup. How could I get full size on this? How could I get full size on that and as I've matured as I've grown as I've gotten older in this trading journey I learned that full size reserve for the best setups only Today I lost a kscp. Okay. I lost like I lost like 30 cents a share But what I did is I only used 30 percent size Okay, so I purposely size down because that to me was a 50 50 That was a 50 50 setup for me. So because that's a 50 50 setup for me. I'm not going to fucking go one million shares in I'm not going to short fucking millions of dollars worth on a 50 50 setup But you better believe I'm okay risking a few thousand dollars. That's just my risk tolerance I'm okay losing a thousand dollars on that trade just to try it even if it's a 50 50 But you better believe if I have a first red day setup I cannot fucking bulldoze in enough. I go all in full size 100 buying power Can you give me more buying power? No, fuck you That's how much I go in on my fucking hundred percent setups because I know after eight years Of my strategy and my setups. I know if I see a first red day, I cannot go big enough Okay, so because I can't go big enough on those setups. Why would I ever risk millions of dollars on a 50 percent setup? So that is another reason why traders fail. They go all fucking in on that Random setup random random. Okay, so The point is guys the point is be very mindful with your size sizing is a it's a privilege Okay, it's a privilege. So you wait specifically Specifically for those eight plus ups. I don't for you for you. Maybe an eight plus up is the death line I don't know. I don't know. Let's say it's the death line. So if there's no death line Are you going to go 100 size on a long setup when you're a full short buys trader? Am I going to go 100 size on forex or options just because I'm fucking bored? No, that's not where my edge is That's not where I make money. So I'm not going to be risking big money on that ship. Okay So that's that's that right. So there's chat room alerts. There's sizing There's strategy also the another really really big thing guys is fucking patience. Okay It took me years to get fucking rich years My first year trading I lost money My second year trading I broke even by my third year trading. I made money Okay, it took me three years me a multimillionaire trader took me three years because I didn't have this What you're seeing right now? I didn't fucking have I had to lose money until I figured it out So my biggest advice for you is if you are consistent, I don't care if it's a fucking 100 dollars a day Even 50 dollars a day if you can make 50 fucking dollars a day You have the potential to make 50 thousand dollars a day. You know why because you are consistent It does not matter the dollar amount that you are consistent when you are first starting What matters is if you could be fucking consistent Can you show up every day and pull out a profit in the market even one fucking dollar? If you could pull out one fucking dollar Every single day for maybe even a week or a month then you have potential But if you're up one day down one day up one day down one day up one day down one day You're probably doing something fucking wrong. Okay, so keep that in mind guys Keep that in mind it takes time to get fucking rich If you want to build a multimillion dollar mansion, do you call your contractor and tomorrow he tells you? Okay, the house is done motherfucker. I laid out the foundation. I fucking got everything ready I put the bathroom in there. I did the plumbing. I did this. Is it gonna happen tomorrow? No It's gonna take time might even take a couple of years to build your dream mansion So if your dream mansion is going to take a couple of years to build How the fuck do you expect your dream trading career to be built tomorrow? It doesn't exist eight years in bro eight fucking years in and now i'm rich now I'm fucking rich and you better believe that i'm never gonna risk it and I never want to be fucking broke again Okay, I never want to be fucking broke again. So what you guys have to realize is You have all the tools to be successful, right? You know what the fuck to do But let's say you don't follow alerts. You have a strategy. You do proper sizing. Oh my god I'm only making a hundred dollars a day. How the fuck am I ever gonna make money? I'm so fucked up This sucks a hundred dollars that doesn't even pay for my fucking steak dinner How the fuck do they expect me to get rich? The point is when you first start when you first start build your account Okay, build your fucking account when I first started you think I started with $50,000 days You think I started with $1,000 days I was the motherfucker that was making $100 a day for a year straight A fucking year straight If you do not have the ability To remain humble enough to make a hundred dollars a day for a year straight Then how the fuck do you expect to do this shit, man? How the fuck do you expect to do this? This is this is the most competitive business in the world. Okay. I don't care what the fuck anyone else says I mean if you're a doctor if you're a lawyer good for you. It's a lot of hard work But not to sound cocky. I make more fucking money than you. Okay. Let's be real I make more money than a doctor. I make more money than a lawyer. I make more money than an engineer I make more money than your fucking side chick that got divorced. I make more money than most fucking people Because this is the most competitive fucking business in the world And because the most competitive business in the world, it is a very very very very very very tough business Not physically demanding. I'm fucking physically out of shape But mentally mentally demanding. Okay So you have to do things that help your mental You have to do things like take your vacations take your time off Whatever the fucking maybe trading is hard guys trading is fucking hard That's why you can't believe all these people sound you a pipe dream buy my alerts buy my signals Buy my screen share buy my voice alerts. I'm gonna teach you how to be fucking rich What was the people fucking learning and doing all this shit are broke right now because they lost all their fucking money Okay, so I mean guys come on. I I'm just trying. I just want you guys to understand that You know, if this is a business that's going to make you a fucking multimillionaire It's not going to be fucking easy But I promise you it's possible. I was a barista at starbucks I made fucking 200 dollars. Uh, no, I made 150 dollars a week after taxes after taxes And here I am making fucking 150 dollars a minute because of trading. So The point is guys 90 percent it's 90 95 percent traders fail Right, they fail because they don't know what the fuck they're doing. They're treating it like gambling Just like I was sports betting on the Super Bowl. They are gambling Okay, I'm gonna buy this fucking stock and it's gonna go up and if it doesn't go up Then fuck the market sucks or I'm gonna buy this stuff and I think it's gonna go up because The sky is blue, right? There's no strategy. There's no routine. There's no education The market is designed To take uneducated money dumb money people that are fucking stupid and put it in my pocket Educated hard-working strategy setup size. Okay, so just realize guys that this stuff is gonna take fucking time It's not gonna be easy But I promise you if you are watching this video If you are here right now if you are subscribed to this channel Then you already have better chances than most people because this shit is fucking authentic This shit is fucking real. I'm not gonna fucking shave my beard just to come on here. I'm gonna look homeless I'm gonna look like a terrorist because this is what a fucking trader looks like I'm not wearing a three-piece suit. I'm not fucking wearing any fucking Louis Vuitton right now I'm wearing a t-shirt and fucking pants because this is what a trader looks like We are lonely. We are in our office working all fucking day long man all day long I'm here every day even as a millionaire working my ass off because I want to be able to be that person That I wish I had when I first started, right? I made fucking three million dollars last year the year before that I made a million and a half dollars. I'm fucking good, bro. I'm fucking good I don't need any more. I don't need any more, right But I do this because I want to fucking help and maybe I'm the dumb ass that wants to help Maybe that hopefully what the point is I'm hoping that one day Something that I say Triggers something in your brain that says, you know, bro, it's fucking time. I've been fucking around I've been screwing around. I've been a goddamn motherfucking idiot gambling I'm gonna take you seriously because now it's my turn to change my fucking life guys So do you have any questions? Do you have any questions? Uh nail and bail strategy. I found myself when I scalp and I take a loss I want to get back in give yourself a rule of you can't get back in after five minutes of you taking a loss That way you could go walk away for a little bit not be as emotional Thanks guys Kscp. Yeah, so what I did on kscp is I basically was shorting the eight dollar rejection And my plan was if it reclaimed and went over the high day that I would get out You reclaimed went over high a day and I fucking got out It was a 50 50 setup as I mentioned I wasn't expecting to bank on it and that's why I only used 30% size How do you know if you've built bad habits without knowing it? Did you do any of the things that I mentioned? Are you following alerts? Are you trading zombie times? Are you do not have a strategy? Are you over sizing into every stock? How does my mom feel about my swearing? She don't give a fuck because I spoiled her rotten motherfucker She probably wishes I fucking cursed more so she could keep getting spoiled fucking dumb ass Would you sell if you're down 70% on an investment? I mean guys, I'm not going to give you investment advice that is not my business But if you're down 70% on something chances are you're probably wrong on it Any intraday chart pattern that you see commonly repeating that you take advantage of I short into resistance Shorting into resistance is good Zombie times are okay with limit orders if you are a long biased trader zombie times are where your edge is If you're a short biased trader do not even fuck around man. Don't even fuck around Yeah, sure you could fuck around with small size, but is it really worth it? So anyway guys, I am going to wrap it up for the day I'm going to be away in Miami starting tomorrow for a week. I'm probably going to be here trading I don't know, but I just need a mental reset day. I need a relax day If you have any questions about mic feel free to message us feel free to text tosh at two one three four five eight five 997 if you have any questions about joining or if you want a discount feel free to email us tasha myinvestingclub.com And that's basically it man. I mean we're gonna put everything in the description I try to add value in these videos and I hope that you guys learn something here So maybe even an extra bonus if you guys leave a comment on this video I'll pick someone to win an mic shirt like this But yeah guys, just let me know what you think I'm trying to help you guys out as much as possible I hope these videos are adding value It's fun for me to do and that's why I want to keep doing it. So thanks guys. Hope you guys