Ready for a wild ride? This has gotta be the first time that acid and shrooms lead someone into the world of trading. No, that’s not a joke! My guest, Robert, held nothing back in sharing his story with us. It was shocking at times, but it was raw and honest! I don’t want to say much here as I’d hate to ruin anything. All I can and will say is, if you like wild rides and dramatic stories, you’ll have all of that here. Robert is an inspiring guy and someone who has certainly been through a whole lot. Let’s get to it!

Acid and Shrooms… Wow!

Thanks for checking out the ClayTrader Stock Trading Reality Podcast. Our show, hosted by ClayTrader, is designed to motivate and inspire traders of all experience levels. We interview REAL traders, discuss their trading journey, and lessons they learned along the way, both positive and negative.

Business

Investing

Careers

Management & Marketing

Business News

Shopping

A beginner trader reached out to me and the conversation ended with him accusing me of being “mean” and “aggressive”. I want to walk through this conversation as it allows for us to see the inner working of the human mind. Why does this matter? Well, as traders, the human mind matters a whole lot! You can have great knowledge, but if your mind is playing games with you and your emotions are out of control, that knowledge goes down the toilet in a hurry. Part of being a good trader is learning. Part of learning is having the skill to learn. What does this skill look like? This is the talking point I want to focus on: the skill of learning. Let’s walk through this conversation and see the pitfall of this beginner trader’s learning skill (or in this case, lack thereof).

Was I Mean? Aggressive? Hmmm…

So you want to be smart about your trading and investing approach? Good! The best way to find success is to find expectations that are reasonable. One of the biggest problems I see within people’s trading journey’s are expectations that belong on an entirely different planet. To be fair to these people, when you’re new and don’t know what you don’t know, this includes how to properly build expectations. On the positive side, none of this is difficult to do. It’ll only require you being self ware and honest about yourself and situation. Once you get a few basic questions answers, the resulting expectations will naturally be revealed. Let’s talk about it!

How to Build Expectations

Given my unique position of having a sizable following on YouTube and social media, I am a prime target for certain side hustles. Because I am a target, I believe I can offer a valuable point of view towards those who are doing these side hustles. It takes money to make money, so anything that is geared towards creating streams of income, I feel it is worthwhile to weigh in on. If you are someone looking to make some extra money, please avoid doing what I am going to show you here in this episode. It’s very basic, but I’ve had it happen to me over and over again and all but ensures you’ll have very little success in your efforts. Let’s get to it!

A Good Side Hustle, If Done Right

I try my best to avoid this subject. The problem is, the argument is totally true and my conflict of interest does not make it any less true. If you are a beginner day trader and just getting started, I hope this case study can open your mind to at least considering a more than common and valid logic you are using. For those of you who continue to struggle in your trading, I hope this case study will, again, get you to open your mind to considering a different approach. Let’s talk about how you will be paying either way you go. This all boils down to “how much” will you pay? Let’s dig in a bit deeper and consider both the pros and cons.

You’ll Pay Either Way

Someone accused me of being shady by only doing analysis of “obvious” charts. This interesting comment got me thinking a bit and, well… here we are! I’ve been told to ignore the negative people who leave comments; however, in this person’s case, they offer up an important distinction that needs to be made within the world of trading. In particular, what kind of trading approach are you going to take? I personally feel better with one over the other (as I believe it contains less risk), but that’s not to say I am absolutely right. Good thing we’re all allowed to have our own thoughts and opinions! Whichever you feel is best for you is all that matters, but let’s make sure we all understand the two kinds of trading approaches!

Acid and Shrooms… Wow!

Download our free app to listen on your phone