I’m here to disrupt your thinking.
Those that will listen will do well.
Now, unfortunately thanks to the birth of social media, it is easier than ever to portray something and package it as a good deal.
Approx. 80-90% of education online is pure price action.
I have my theory as to why that is.
I believe the majority of new traders want to believe it really is simplified trading and easier.
This narrative runs through the core of Instagram with rented sports cars, yachts and flash watches.
The focus is on
- Simple trading systems
- Luxury lifestyle
Making it as attractive as possible to new and unsuspecting traders.
If 80- 90% of the education out there is pure price action and around 80-90% of new traders fail
Is this a coincidence? I don’t think so…
An open minded trader is an improving trader.
Just like in life, if you are closed minded how can you learn?
If you don’t know why listen to yourself?
In my opinion it’s called ego, we all have it.
It’s what makes us competitive and motivated.
But the ego can be a demon in disguise.
When we are told something we do not like to hear or read there are two types of people those that;
- Go on the offensive / defensive stance
- Listen and remain open minded as to why what is being said may be true
The first point is very common, no one likes to be told they do not know as much as what they first thought.
This hurts pride and it means you have to admit to yourself perhaps you are wrong, wasting time and that you may need to start again.
The first step to evolution and improvement is admission.
What stops you admitting you may be wrong, your pride and ego.
My point is, be aware that trading cannot be dumbed down for trading success but the approach can be dumbed down to attract new traders. Be Careful