#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So, do not expect it to be easy and do the trick with some old-school garbage on the internet or in outdated books.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.
And if you still don’t know what the Empowered Trader Club is, watch this video, which explains more.
Happy trading!
Tomas
