Not Believing the “Quick Riches” Hype | STR 070

I really enjoy this interview as it takes a different approach and gives us a very valuable lesson. Many people think if they understand that trading is not a "get rich quick" venture, they're already on the path to easy success. Don't get me wrong, understanding this principle is extremely important, but as our interview with chat room member Kent shows, there is much more to trading then simply acknowledging riches are not made overnight. Kent is a very systematic guy, and I really found it intriguing and insightful to hear about how he is preparing himself for trading. Notes: At the young age of 15, Kent was introduced to stock options. The interesting thing is he was also able to watch them bleed a $40,000 account down to $2,000. Kent was smart enough to not buy into the ‘get rich quick’ nonsense that this industry is filled with. He tried one other chat room but quickly realized that it was a toxic environment that he did not want to be a part of. After checking out what was offered here, Kent decided to jump headfirst and join Claytrader University since he enjoyed the free content and found value in the lessons provided. As he continues to go through the courses, he is practicing and seeing what he is strong at and what he is weak at. There is no sense in putting your hard earned money on the line if you are unsure where your particular edge is and he realizes that. Kent understands that trading is not about getting rich quick and is putting in the effort to make this a long lasting income source in the future. Quotes: “They didn’t have any stop losses at all. They were trading completely emotionally. They were straight up gambling.” tweet this quote “I realized that you can really make a life from this. Not this ‘you can be rich beyond your wildest dreams in 2 minutes.’ “ tweet this quote “The education is just awesome. It is horribly redundant which is fine for an old army guy. It’s dummy proof.” tweet this quote “Even if I think I’m ready, I’m still going to take a minute to go through it all over again and continue to work on it.” tweet this quote “I would have jumped on the education sooner and been really regimented about it. It really is what makes the difference.” tweet this quote