In this post I’m going to go over some of the most frequent
things I’ve heard throughout the year, the questions I get the most, and the
stuff I didn’t expect to face when starting a YouTube channel/Blog to help
people learn how to trade.
Spam – This is something I did not expect to have to deal
with. It seemed to happen overnight. One day I was posting videos as normal,
the next day I was receiving spam messages. I would say I get at least two or
three, every single day! They are all basically the same, so if I do happen to
miss one, you should be able to spot the because they are invariably very badly written, and they say things like
‘Wow, I never thought I would be profitable at trading but now I make 150% per
day!’ So if you see them, ignore the links! And I’ll also point out the WORST offender,
which is the ANDY LANK SYSTEM. This is well known as a con if you do a little
research, so avoid it like the plague.
Expert Beginners – I actually quite enjoy this, it gives me
a chuckle every couple of weeks when an expert beginner comes along. It’s
usually someone asking for some sort of advice, which I always give (I reply to
all messages). However the ‘expert beginner’ will then override what I’ve said
and tell me how what I’ve told them is incorrect and how I can improve it. This
advice is almost always rehashed information from somewhere like Investopedia
or ‘textbook’ answers. I always try and explain why I'm telling them what I'm telling them, but their passive-aggressive replies tell me it's falling on deaf ears!
Get Rich Quick – This is very common. I would say I speak to
a 'get rich quick' person at least once every few days. I will receive a message
from someone saying something like – ''If I take your course can I be a
profitable trader in two months?'' Or something like, ''I only need to make X amount
per week, how quickly can I do that?''
As always, I answer honestly. I’m looking to help people
achieve their trading goals, not blindly sell courses to people who have a get
rich quick mentality. What I say is that trading has over a 90% failure rate
amongst retail traders. If something is difficult enough to cut down so many
people, then I’m sorry, you’re not going to master it in a couple of months and
I don’t care what training course you take or what the trader behind the course
tells you. It can be hard to hear, especially when you're excited about the 'unlimited money I can make!' mentality, but it is very important to hear the truth.
Think a minimum two years to become competent and profitable, much
longer to ‘master’ the market. Although this differs from person to person. There are traders out there who have been trading for ten years and are still at best breaking even.
Once I deliver this information, 80% of the time I never
hear from them again. I realise this is because they didn’t get the answer they
wanted and so are searching for a trader who will fuel their fire and claim
that yes, they can do it, all you need to do is just put your credit card details into my training
course! It’s a shame, but it’s something I’ve come to realise I sadly can’t
change. People in that mind-set aren’t interested in the hard fact.
Excellent People – I am most surprised by this and also
delighted! I have spoken to so many brilliant people over this year, and it all
started by me producing some videos and giving out some information that was
useful (I hope!) to aspiring traders. There are so many determined people out
there, all of them striving to improve, looking out the most useful information
as well as being willing to share their stories and struggles. So thank you for taking the time to watch the videos and message me.
I hope I have helped as many of you to improve as
possible! I have enjoyed it throughout the year and I am looking forward to
next year where hopefully some of you will be in the live room. I’ve no idea
how that is going to turn out but the intention is for it to be a social hub
for you all as well as a place to follow my trades.
I hope you’ve all had a great trading week and year!