Why trading seems hard? | At the Table by Urban Forex Ep.009
all right good morning good evening good afternoon welcome to another episode of At The Table by Urban Forex now in this episode we're going to be talking about why do many traders fail and what are the common traits of what causes the failure so on the panel i have with me today armand lucas and ian hello guys yep yep so we're gonna be hearing from their experiences some of the traits that they have seen some of their own personal experiences and being on urban forex and going through you know dealing with tons and tons of students on day in and day out they're also going to share experiences that they've seen outwards as well not just inwards so it'll be a great recap on that so many of you guys are joining in live into this podcast as we're recording it so let us begin so why do you think many traders fail and why is this an important topic why is it so hot such a hot topic and why do we have so many people registering to come to this webinar which we're going to be holding right after this podcast okay and by the way those of you guys who are tuning in and listening in the link to watch the webinar itself that we're going to do after this podcast will be below in the description so so yeah you know bringing that question back up why do you think this is such an interesting topic and what is it about this topic about traders failing because i think everyone fails in their journey to become a good trader there's no one who was like yeah i was a smooth ride no failures whatsoever and i made it everyone has mistakes and failures along the way but it doesn't seem to look like that though on on the social media right it seems like everyone's succeeding yeah but which which part of social media is ever realistic oh well well that's true that's true so you're telling me all the girls on my social media profiles they're all they don't look like that they probably don't even exist they're like computer generated probably just a bunch of men you know just all right all right lucas what about you what is your experience with why do many traders fail i don't know actually there's like tons of reason why that happens but i think one of the most common mistake at least from my personal online experience was when i first started i started out you know writing down a plan okay first three months i'm gonna study real hard with urban forex and learn everything i can learn second the second phase the second three months i'm gonna start demo account trading and then after that i'm gonna start live and then i just go live for one or two more years by then i'm gonna be you know making banks sitting at the beach trading with ghosts i i can see where the dream is actually headed you know back to the girl back to the girl topic again it's not about training at all now i realize all the girls we were just talking about were not real that's that's one thing and then the other thing is after three years it's that's just not how it goes man sometimes it takes just three years to just study the materials and and then after that you really you know start to learn how to trade so right i think all right i think the mistake there was traders especially beginning traders they really shouldn't plan out you know like a university course i'm gonna do four years of this and then bam i have it all covered but that's an interesting thing you say actually about like a university course so let's say people do take university courses they get their degree do all of them suddenly get million dollar jobs i don't know man i dropped out so i have no idea but but even in realistically if we think about it like the whole idea is if i go to university i'll get my degree and once i get a degree i'll get a nice job they'll pay for my house so it'll give me a car allowance and this and that like you'll get all that stuff but many get the degree but few actually do really well and become very successful right like i don't see a university saying this is our alumni we had 30 students in this class and 29 and a half are ultra successful you know you know that never happens so that's very interesting the way you you compared it to a university and i think it's even universities have their own realistic data that we need to also consider and look into it okay not to mention how expensive a university is depending on where you are obviously armand you're from the netherlands you can you know actually say that the university should not be that expensive right well if if you're dutch and you study in the netherlands then no although things have changed because i'm it's been a while since i was a student so okay okay so are they charging now in netherlands well they they were always charging but now i think the loan system changed where i i would get like even while i was living with my parents and studying i would get like 100 euros per month just like student allowance but now i think if you want to get anything it's a loan that you have to pay back and and when i was studying if you were not living with your parents or you're living in a city where you were studying then you would get like a lot more money even and that was not a loan but now it that has become a loan okay i understood okay but the what do you have to pay to university that's still relatively affordable all right all right yeah i had a similar experience when i went to college in the us but it's it's a yeah the tuition in the u.s is a lot more expensive yeah if you're local obviously it's not so expensive i was there as an international student so that's when they charge you your firstborn and that's okay that's okay as long as the education's worth it but even the education i was in university for like seven years could have taken four degrees different degrees but i walked away with nothing i just decided it wasn't for me and that's the road a route i took doesn't mean it has to be the route everyone takes i you know we have people in our team that have phds right so doesn't have to go that route so ian what about you what is your take on why traders fail what is it about it ah there's i mean there's a lot of reasons i think they don't they don't call it a 95 5 game for for just one reason alone you know so just to piggyback a bit off of what lucas said just with getting the education i think i know from my personal experience when you first start out there's a lot of options out there and i mean you can look on any sort of youtube channel and i hopped i was a hopper if you want to like classify it as a term and it's like that looks good that looks good that looks good you try a little bit of everything almost like in a candy store yeah but it doesn't really get you anywhere you know and that's one thing i found that really hindered me is that i studied a little bit of everything and really got me nowhere fast you know off the beginning so i think that's a problem did you start off with urban forex in your journey or were you you know somewhere else before you came onto urban forex no i i was just like i think like a lot of people like just your google search i think is is one of the main things and you're looking for the best one out there and and off the beginning you're like like i say like you see all these different videos this looks good that looks good and i spent in a short time you'd be surprised how many different things i tried right and one piece of advice i would give now in hindsight because i found her before it's not too long after you got to find something take the time and find something that that fits for you and you feel good with and then stick with it stick with it and give it a chance and don't hop around and i think you'll have a smoother path you know to results that's what i found anyway would you agree with that lucas what about you did you actually go directly urban forex or did you come from a different background i think like ian i studied stuff here and there in the beginning and then i you know obviously ended up with urban forex but you know listening to what ian was just saying i kind of feel like it's going to be difficult for you know someone who just started out trying to look for the right education because you won't even even right now where i'm a little bit more experienced i still wouldn't know which course is like a good course until i truly tried it out you know for a few months maybe for a year to really understand so i think back to what ian just said i think it's important to pick one and then just you know stay consistent with it and try it try it out for at least a year i'd say some something that feels right like i know one thing like with urban forex that it just i one thing i'm missing with a lot of them was like the why and like explaining like why am i doing this trade and that was one thing i got with urban forex and that's what like kept me with it because it's like find something that's like oh okay i may not completely understand but i there's explanation behind it and i can get behind this and stick with it and work hard with it from the from the thousands of students i've worked with over the years it became very apparent that everyone was doing a little bit of everything but no one knew why they're doing it you know whenever i bring up that question of like all right why did you draw your support and resistance that way there's no explanation behind it it's just simply oh because that connects that you know it's just a very simplistic explanation of but why would that become support and resistance why would that level hold you know a simple question like that traders who've been in the industry for three four years can't answer that question and that's when i started to realize okay well all right well urban forex needs to be a lot different it can't be your traditional education because the why is missing people just don't understand what they're doing there's a bunch of patterns and stuff right what has been your background on this i think one of my main mistakes also comes from that where when you first start out you want to master it as fast as you can so you look for shortcuts which it ends up being indicators or lines that you connect because you can connect them but if you would just put in a little bit more work and a little bit more consistency and then figure out the why that you see on the chart and instead of you know looking for for small patterns or or trend lines or stuff like that then it's actually not that hard and it doesn't actually take that long to you know understand how the markets work so i think that's that's my main mistake trying to rush things through or trying to take shortcuts but you can only take shortcuts if you put in the hard work first i suppose okay so so that i i i like that because the word shortcut seems to be on everyone's agenda that that is a commonality that i always notice amongst every student that comes by every successful student has that's ever been with urban forex that seems to be a common trait that everyone starts with yeah top ten life hacks right that's what like forex seems to be the answer it's like a crystal ball but unfortunately it's not a crystal ball it's it's quicksand and if you don't know how to handle quicksand it will eat you you know it's literally like that would be the only explanation i can give like yeah i don't know i don't know how many bat patterns i looked for in the beginning every time that i like finally said hey maybe this isn't the this isn't the way to go so you may tell me that banks don't do a b c d e f g alphabet patterns they don't do that i'm doing it wrong then i'm not finding finding the right animal in the chart i guess yeah i've seen dinosaur charts yeah i remember one time really early on in my trading career i i figured out that around frankfurt open there was like one day there was a little bit of a range and then there was a pop out of the range it came back like a railroad track and i i took that like range cell and then i thought okay this this could be something i could be on to something here because i didn't have many winners in those days sorry and then the next day same thing happened again again i managed to take the profit and then i thought oh now i have it figured out like the only thing i have to do is show up around frankfurt open wait for that little range wait for the pop-out for the railroad track take the cell and then you know my day is done and it never worked again no but okay but how many of you guys have gone through this experience where you've been staring at the charts so long you know like for a whole month day after day day after day and then the the brain starts to come to its own conclusion of i've been noticing and it starts with section a that when this happens it usually does this and then that's how strategy develops it starts with the id the word start with i've been noticing and then therefore right like it has this little pattern of the brain is trying to pull out a pattern that as long as we keep doing this then all we're gonna do is just we're just gonna show up at the market one day and saying all right give me all your money like but so this notion of it can be done so quickly so easily is it true or false someone should have told me the answer on day one okay but how about this how about this if we all know the answer to that is false that it can't be done so quickly so fast but is there a lot of money to be made in this industry is that true or false absolutely okay that's true right okay anyone who's done anything with trading will tell you that that's true there's nothing else i'd rather do now let's flip that around is now if you were a newbie and i told you the answer of the shortcut is actually false but the amount of money that there is to be made is a lot and that is true would you still be interested in doing it or would it scare you and saying well since there is no shortcut i rather switch industries and i don't know try to become an auto mechanic or something like that where i can fix bmws but i just plug in a laptop and then i don't have to do anything it's just auto correct what do you mean that's what my dad does we know that's not the case and it's actually more work yeah yeah for sure for sure i i i just meant change industries okay i didn't really mean that auto mechanics are bad jobs they're a great jobs man but yeah so so when that question comes up of of if i stand up in front and saying all right as traders i can tell you that there's gonna be some work involved it's gonna be difficult but it's so worth it it's so worth it how many would you say would stick around and do the work even knowing that by doing the work half or more will fall down in the process because the work is just tedious it's not hard it's actually easy it's just long right would you guys agree with that is it actually hard work like is it difficult like does it require a lot of excellent minds or something no no no there's you don't have to be you know an astronaut or a brain surgeon like would or would have those capacities to be able to trade not at all because i mean we're sitting here what are you saying they say i'm stupid all right well we we talk after armand after this podcast we you and i have to talk all right but yeah it's not no it it's it's not hard it's and the work that you have to do it's not complicated either but you have to do it very consistently yeah and learn from it and make sure you progress and have a growth mindset instead of thinking ah after three losing trades i can't do this there must be something wrong with me because then you have like a fixed mindset correct more about it's more about patience and persistence honestly when it really comes down to it i mean you got to get the right education obviously which we have here but other than but then for yourself it's just keeping that consistency in that just don't give up really that mindset like you're saying yeah but doesn't that also make the industry that much harder doesn't it seem like okay well if that is the case then maybe i shouldn't do this because i don't have time or i have two kids or you know i work two jobs i don't have time to do all this is is that true that those people can't do it all right i think it comes down to your why in each individual person i mean yeah anybody can do anything if they have the reason or the or one of the certain reasons the motivation like you have to like it can't be just like something like hey i'm gonna wake up today and like i'm just gonna trade it has to be like i really want this lifestyle because of this something that's like super important to me whatever that is for each individual person so that's what it comes down to i think and that'll keep you driving forward absolutely absolutely the the funny part is everyone goes after the lifestyle of trading but lifestyle is not a goal that you can that it can be pursued lifestyle is a side effect of excellence i think many people have this misconception of if i become a trader i will get that lifestyle so as if the goal is the lifestyle that's very hard to do because then it's like i'm working towards buying the rolls-royce i'm working towards getting the helicopter with my initials engraved on it in gold whatever i don't know like i don't know what lifestyle people have in their mind but i want swimming pools with diamonds encrusted all i'll throw at the floor like there is this level of idea of as long as the money is unlimited then just imagine what i can do just imagine there's always this just imagined notion and everyone keeps going after the just imagined part rather than realizing the just imagine part that most people have in today's world comes from excellency from something else they don't specialize in lifestyle if you specialize in lifestyle then you're going to have to create a product which is going to be like a camera service or following someone around on their birthday or you know that's lifestyle but you're working you know you're not enjoying that life you get what i mean does that does that make sense yeah i guess yeah i guess for those people who who always use the word just imagine you know years down the line it's just gonna be an imagination that's all it's gonna be yeah that's so so it's very hard to put a lot of energy and focus into something we don't even understand so if i when i whenever i you know here's the exercise i'd like to do with a lot of the students okay and i'm going to repeat it here and just you know publicly in this podcast you're welcome so so this trick that i use to help a lot of the students is i ask very direct questions of all right let's say let's say i get you the key to trade well and now you're starting to make money which is 40 times more than you would normally make what are you gonna do i get a lot of vague answers okay a lot of vague answers of what they're gonna do well i would like to get a nice house i'd like to get a nice car i'm like well who told you to do that do you want to do that no one knows it's just like i think that's what i'm supposed to do so there's a lot of vague answers of why i should live like that lifestyle because they they are doing it so therefore i must do it this seems to be the common trait so how much money do you want oh more the better yeah that's a great answer to give but because there is no end point it's very hard to make a goal that has no end result if you have an open ending you can't make a goal because a goal is a finite ending it's like the goal of life is death okay you're gonna die one day okay that's fixed you know but if to see something unlimited like that it's not fixed because it's not fixed you cannot re-engineer it backwards and work towards it it's not gonna happen that's the problem with with the goals of a lifestyle but a lifestyle is a result of good work now trading opens that door okay you can choose many things you can choose to be a restauranteer you can choose to buy franchises you can choose to do real estate you can choose to sell insurance you can choose to work for a bank you can choose to do all kinds of stuff but the only thing that forex or trading allows you to do is the upper limit opens up okay the whole notion of it's liquid the market is liquid that idea keeps coming in to play it's a very dangerous idea but that idea is there which means if i buy something and i am stuck with it i can get rid of it instantly i can close it if you buy a business or a restaurant or a franchise and it's not working good luck getting rid of it you can't get rid of it at a click of a button so it's a double-edged sword you have the power to get rid of it but people don't learn from each single trade right would you guys agree with that what is your takes on that no i think it takes a a large sample size you know just speaking in terms of trading like one trade doesn't define a trader or define what you're doing it's like you need like time and like doing not the same the same method over and over to really judge how you're doing and how you're progressing so it's not just a one trade thing speaking on trading specifically okay here's here's where it gets more fascinating here's where it gets more fascinating if all of you guys okay you know knock on wood that this never happens but if all of you guys were patients right you go into a hospital and then the hospital the the attendee says oh we have a nice surgeon that will operate on you this surgeon is the best in the entire eastern hemisphere where you're staying right now and he's performed over 1 000 surgeries now does that make you feel good or bad great it makes you feel great right because you know there's experience in doing things well yeah now with traders the funny part is you'll see traders who have done thousands of trades and have learned nothing yeah how weird is that so it is a double interest yeah all those thousands of trades were a different approach different preparation different execution different everything correct or even on the flip side it could be the same type of approach you know the same type of trades they're still in in their head they're still going not supposed to give up i'm supposed to be patient and consistent still making the same mistake a thousand trades afterwards you know absolutely now if a doctor does a surgery wrong and the patient unfortunately loses his life will a doctor make sure he does his post analysis to check out what went wrong what did i do wrong in this there's a medical legal team after him also saying i need to know exactly what you did there is a whole preparation of recap recap recap after one thing to reach a thousand of those and each of those has plenty of hours of recap recap recap that's what makes him successful traders not just after a losing or a a failing surgery also after also winning one because they have to further teach it to the next residents right the next new you know junior surgeons that are coming through right so as traders the problem is because it's so easy to buy and sell open a trade close trade they never take the time to actually learn from that one single trade weird isn't it would you say that's a common trait that people have a huge flaw in when it comes to trading everyone's constantly looking for if i do this hopefully i make a lot cool i did make a lot this time the next one hopefully i make a lot there's this constant hopefully hopefully hopefully every trade comes with hopefully yeah and it's like even with more experienced traders like traders that generally do well have like winning months in a row yeah what they see is that whenever they don't have a winning week or a winning month it's when they lose that when they have a losing trade and then instead of recapping properly they get into the next one even if it's without revenge feelings or anything it's just okay now i'm i'm married to this analysis or you know any any of those things they they over trade and then it only gets worse and worse and worse and then all that hard work and and you know all those gains from before they they all evaporate yeah so what else would you guys say are are common traits of failing traders so does the number of years of experience matter no no it helps it helps because it allows time for the person to be self-conscious about what am i doing but how am i doing it yeah but for a newbie looking at that person saying whoa he's been in industry for like 40 40 years doesn't necessarily mean anything because it's not like a surgeon where you can't get to the next surgery if you keep screwing up in trading you can get to the next trade and screw up and do no problem because no one's watching no one is yeah exactly right so never use your time sorry that's how you use your time it's how you use your time that's important essence absolutely you could have one year of fun you could have one year of just post analysis every single trade and really doing the right stuff for that year and you could be farther ahead than someone who's been doing it for 30 years that's much closer does you know what i mean so it's not really time it's it's always the quality of time yeah i really like how you said that yeah it's how you use your time so going back to shortcuts is a shortcut possible so we said initially there's no shortcuts right because that notion is if i just learn something and i do it i'll make a lot of money because isn't that what i'm paying for at some course or some signal service or some whatever i'm just have to learn it apply it and you know like you just hear the jackpot but that's not the case it's it's learn apply fall get up reapply relearn recalibur okay or recalibrate and then try again fall get up move further and then little by little little by little you've learned from your mistakes you know how else are you going to learn yeah okay you just need to be pointed in the right direction by someone who's been there done that yes but you need that is maybe a shortcut yeah so if you you like how ian was actually pointing out not too long ago about is how you use your time then yeah like you said armand that is the shortcut so if you want a shortcut in trading you need to go hardcore on that one trade i don't mean hardcore as an increase or lot sizes like let me rephrase that for those of you who are just tuning in right now and thinking oh he just says go hardcore on one tray what i mean by is is pull out all the information that you can from that one trade don't just let it go saying okay it's done i know what i did wrong okay okay got it got i got it don't do that don't do that learn everything you can from that one trade because it's never gonna come back that day is over that day is lost so pick up on it learn from it that's your shortcut and that is free it's free why is it free it's actually not free you've paid for it from your loss or your win you've paid for it on that trade learn from it get the proper result from it it's not the pnl that matters it's what you learn from that trade right even if it's on a demo account even if it's on the demo learn from correct on a demo account i do i do notice psychological differences in people they don't tend to take it as seriously as much simply because it's a demo i like putting pressure on the students whether they're trading their own own money small amount medium amount large amount or even trading my money the sense of this is it that's tends to put them in the notion of all right i can't mess up and that's that's been working but there are some students who are actually very strong in the mind and they treat demo accounts like as if it was a live account and i've seen that as well but it's not a common common trait it's a very hard thing to do yeah of course but at least to to practice the read and to practice the the rhythm of the market and just you know become more experienced i'd say first do it on a demo account like by definition before you start playing around with a live one absolutely absolutely so if you can do that that's definitely the way to go i i would i would definitely say that's like the best thing you can do so if we recap the whole thing and we talk about why some traders fail okay so what are the common traits of why traders fail is it the number of trades no because they're trading two less no is it the opposite they're trading too much well actually for both sometimes yeah so that doesn't seem to be the answer right that's not a common mistake for why they're failing that's not the reason is it psychology no no is it lack of preparation maybe okay preparation is important right yeah some do it some don't do it so is it take up is it taking away from each trade that is a problem that is a problem right and as ian mentioned those hashtag poppers right all the people hopping from one system one trading system one whatever to the next you never learn you never learn you never get a chance to self-reflect because everything you're doing is always so different you need a constant to compare that's the only way to like a constant realize your mistake and then actually fix your mistake don't just keep doing the same mistake but like yeah yeah so let me put it this way you guys remember i put you guys in the hospital and then oh i didn't put you guys in the hospital but you guys are in the hospital and the attendee is basically saying hey you have a surgeon he's the best on the east coast he's performed a thousand surgeries you felt confident right let me switch it up a little bit so the surgeon that did a thousand surgeries suddenly is now unavailable he's stuck on the alps somewhere it's snowing and he can't get a flight here but we do have a vet in in the building he's performed on multiple dogs so he does no medicine so we'd like for him to perform on you how would you feel it completely depends on what the issue is and how life-threatening it is that's a hashtag hopper right there that's a hopper it's like this is not my area of expertise but i do know medicine you see just because you're in trading as if you keep changing systems changing techniques or changing everything you're going to have the same issue it's like being treated by a vet you know it's probably worse it's probably not even a vet it's like the car mechanic will have to do this yeah it's like well i can fix valve's valves on an engine i mean your heart should be similar me get my wrench where is he how's he gonna plug me into his computer though you sir need an oil change man i broke my finger what's happening so there's all kinds of methodologies all kinds of approaches and the common traits why many people fail is this logic of it's a shortcut but not understanding how they can actually make use of the shortcut there is one okay there is one so the one part that we all agree on and that every trader will ever agree on the money is good and i think that's gonna be her for a while until the robots take over the markets and i don't see that happening anytime soon at least one generation so we should be okay but you know knock on wood i don't know maybe 10 years and then suddenly ais are there's like a brown robot speaking on these on these podcasts or something i don't know but but until then i think we're okay i think we're okay staying on top of all that so the shortcut is there and the answer to the shortcut is learn from as much as you can from that one trade hang around with people who know more than you yeah stop wasting time trying to help others who don't know what you almost know okay all that's gonna do is it's gonna make you feel good but you're not gonna get anywhere and then you're gonna live in this circle in this circle of i'm learning a little bit but then he needs help and i i can feel what he's going through so let me help him so you spend 80 of your time helping him to get him to your level and then two people are failing now it's like it's just a vicious circle okay learn the best you can from each trade and hang around with people who know more than you at least eighty percent of the time twenty percent of time you do your your due diligence of give back help people those in need help them to get to your level you do that 20 of the time this is for a growth mindset it does not mean a humanitarian mindset human humanitarian mindset is the opposite 80 give back 20 growth okay so as traders i think you have to think slightly the other way and that's okay if you're not able to help yourself there's no way you are able to help you know someone else right yeah it's a very common thing even in relationships if you're not happy you're not going to make your partner happy you know so it's a it's a very common saying and i i i you know there is no right and wrong answers when it comes to life in general but i personally believe that a satisfactory life comes from progress without progress there is no satisfaction there is no such thing as happiness happiness only comes from the ability to say i am now grown spiritually mentally intellectually emotionally whatever the fact that you're experiencing something new makes you happy yeah so that's my take on life in general and trading is not much different right trading is not much different so for all the newbies who are listening into this podcast i want you to know the dreams that brings you to this industry this market or similar markets the dreams are not wrong you should dream there's nothing wrong to dream you should dream dreams what is what gives you hope is what gives you fire to make sure you can do better in life without those dreams you're just a robot so dream as much as you want put it also into action and make sure you can fulfill those dreams by doing what you do and doing it well be the best you can be in whatever you pursue okay if you work at a company be the best employee in that company if you're writing a report write the holiest awesomest report ever on the planet you know do the best at everything that you do and that will that will lean forward into your into your trading and you will treat each trade with that same level of perfection of saying i want to make sure this trade is absolutely perfect yeah right and then as more and more people pick up on this hopefully our podcast can turn into why many traders are winning i think taking action like you said is is a big big big thing just in life in general not just with trading taking action yes and keeping having those big goals in mind but at the same time for myself having smaller goals to along the way that you can achieve along the way it keeps that motivation going because if you can take that step then the next step to the next and then then before you know it you are at that bigger goal you know what i mean so i think it's important to do that at least for myself it was yeah yeah the only thing that's hard is to stay consistent that's the only thing that's hard because as human beings we're in in the world we live in now is instant gratification right we want everything done right now that's the problem like and and it's not really a problem it's a good thing and a bad thing it's a double-edged sword at the same time so it's good to have instant gratifications when watching netflix it's like no commercials no nothing fast forward pause play rewind but when it comes to doing good work then it's like yeah you got to stay consistent put in the hours and trust me when i say this it is so satisfying when you look back and like wow look how far i've come look how far i've come look how far i've come and the better you do what you do and you look back you'll feel even happier even happier it's so there is shortcuts for all of you newbies out there so there is shortcuts but the road is bumpy you just can't stop that's the only thing if you decide to go down this road the road is bumpy in fact if it's not this road any road you choose is gonna be bumpy you just gotta stay at it only if you want that lifestyle any industry you choose will end you up at that lifestyle would you guys agree any avenue you choose whether it's trading real estate medicine engineering whatever route you take you will end up at that lifestyle only if you do what you do well that's true and you commit to it and you commit to it the road is not the answer is do you reach the end of the road and you know how to travel that road well that's it that's it that's the you know as simple as it sounds it's also difficult but that's that's the quick answer yeah just one trade at a time you know one trade post analysis after that one more trade post analysis after that do that over and over and over again right so let's gonna reach the destination for sure so let's do this let's do this i'm gonna do a small exercise with you guys okay for all of you guys listening in okay i want you to take a moment and close your eyes and just just hear my voice talking to you about this and i'm gonna walk you through this if you're driving please don't do this that's the last thing i want like you're driving you suddenly close your eyes sorry sorry let's bring it back let's bring it back so take a moment just close your eyes and go into that lifestyle okay i'm gonna walk you into that lifestyle you're up on a cliff okay beautiful house up on a cliff okay everything is white windows are open white curtains are flying the wind's blowing a nice little breeze and you walk out into the balcony and you see the ocean very beautiful very blue the sun is shining a few clouds in the sky you smell the ocean breeze and you're like and you just feel this is a result of everything i've done so well in my life you walk back into the room you look at yourself in the mirror and you got a bit of gray on your hair how do you feel was it a life well lived was it well deserved or you rushed into things and this is not what you want this will really answer is lifestyle really what you're after or is excellency what you're after is it that house you want with the breeze just so you can post it on instagram or do you want to do what you do the best okay if you answer that question there's no way around it you're gonna get that lifestyle period you're gonna get that lifestyle because there's no way around it it just follows people who do good work all right so we're gonna end the podcast with that i hope you guys can really take that in and really take your time to always meditate and put yourself in the position of what does lifestyle mean for you make it as clear as possible don't just imagine oh well as much money as possible like no make it as clear as possible don't be vague and then say is trading the route i want to take to achieve that do i like trading enough to do it 20 years 30 years 40 years or is this something i'm just going to try and quit yes you may now open your eyes i see people commenting saying do wait can we open our eyes sorry about that i forgot your eyes were closed sorry about that also how did you type that with your eyes closed so yeah so just you know really put stress and focus on it and wherever your energy is going towards it will come out that way it's it's lifestyle is basically the universe rewarding you for what you do that's all that is you can't go after a lifestyle so just remember that even though we're all attracted to this industry due to lifestyle we only learn it you know couple months down the line that it's not as easy as we thought and that's okay but we did know about it now but now that we know about it what will we do that's the question you need to answer right all right so let's take this into a webinar now okay why most traders fail we'll bring it more onto a charting style and we're trying to talk about all of the stuff that we just talked about in this podcast more of on a chart what does that look like what does it mean and it will take it from there so if you guys are tuning in from the podcast you will have the link to the webinar in the description if not it's always available on youtube or you can drop us an email at any time at info@urbanforex.com and we'll be more than happy to get you the webinar for this particular podcast so all right so thank you guys here on the panel armand lucas and ian thank you so much guys for sharing your personal experiences with the failing the getting up and recalibrating and everything like that i'm sure it's very useful for everyone listening in i really appreciate appreciate your feedbacks as always until next time see you guys next time cheers guys i'll take it from here all right cheers
2021-08-20 00:23
