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All moments › Why Most New Traders Fail (A 20-Year Pro Explains) | ft. Will Hunting

Market scars come from big losses or death-by-a-thousand-cuts small losses.

From Why Most New Traders Fail (A 20-Year Pro Explains) | ft. Will Hunting · jumps to 37:59 · speech

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And, you know, Warren Buffett, bro, he's one trade away from being broke. Paul Tudor Jones, Jimmy Rogers, George Soros, right? Yeah, I mean, everyone is just one trade away from being broke. And so I think what happens is, or certainly I've seen this with a lot of traders that I've tried to help over the years, is that, you know, the market has a way of scarring you. And those scars are usually either one big loss that you've taken, or it's a hundred small losses, right? Is that kind of death from the... A thousand paper cuts, yeah. Yeah, paper cuts, right? So, you know, everyone carries their scars, right?
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