#159: DON'T BE A TRADING COPYCAT (THEY ALL LOSE MONEY…)

Trading is full of myths and fallacies.

 

And most of all - CLICHES.

 

The problem of trading is… too many COPYCATS.

 

It almost looks like the vast majority start in the most unfortunate way possible: They go to the internet, look for all the free garbage out there, and then copy it.

 

But the problem is that they are copying a COPY.

 

Or rather, a COPY of a COPY of a COPY of a COPY of a COPY.

 

And who even knows where the original comes from. Because my own experience keeps proving again and again that there is a certain reason why all this information is so wildly and openly available: Because the original idea often does NOT work anymore, and with each copy of the copy of the copy of the copy it’s getting worse and worse.

 

So, no wonder, 90+% of traders lose money!

 

There are simply too many myths, fallacies, and garbage out there, and I simply call them “OLD SCHOOL”.

 

Things that MAYBE worked some long time ago, but then stopped working. So people started throwing them out on the internet, like throwing away garbage. But then naive newbies came, and started picking them, and (God forgive me), even using them!

 

Yes, it’s a MESS.

 

And that’s why I always say… AVOID the old trading school.

 

There is a significant reason why it is OLD.

 

And a small hint - there is a correlation between the OLD and the endless amount of losing traders out there.

 

Trading is a competitive game.

 

SUPER-COMPETITIVE.

 

Why more competitive than other professions?

 

Because you can make MORE money in trading. WAY more.

 

So, do not expect it to be easy and do the trick with some old-school garbage on the internet or in outdated books.

 

If you want success, you need to follow the NEW trading school.
 

  • What is the NEW trading school?

  • How is it different?

  • What exactly are the differences?

  • How can you stop following all that non-functional, destructive fallacies, and start following something that actually MAKES SENSE?


That's exactly what I'm covering in the latest issue of The Empowered Trader Club.

 

 

So, get your copy today.

 

And if you still don’t know what the Empowered Trader Club is, watch this video, which explains more.

 

Happy trading!

 

Tomas

 

 

 

 

 

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DISCLAIMER:  Futures trading systems and commodity trading bear a high degree of risk. People can and do lose money.
Hypothetical results have many inherent limitations. Past performance does not guarantee future results. 

 

ACTUAL RESULTS SHOULD BE VIEWED WITH CAUTION, BECAUSE PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.