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

Must believe in your own ability before risking money. Don't generate trade ideas from strangers; don't truly know them or their methods.

From Why Most New Traders Fail (A 20-Year Pro Explains) | ft. Will Hunting · jumps to 45:16 · speech

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You have to be believing your own ability, your own self. Because if you don't, why are you risking money behind this idea? Like, if you don't trust your own idea at all, why put money behind it? Like that's what trading is. I have a belief in this. I trust my analysis, my experience, blah, blah, blah. And I think that's a great way to articulate a bet on that. And, you know, if you don't have that self belief or if you're generating your trade ideas from strangers on the internet, because that's what we all are, as good as some of us may seem through Twitter, you don't actually know, you know, what I'm doing, what you're doing, what anyone is doing. So I think that I think that's really great.
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