Successful trading requires proper money management and a solid understanding of probabilities; traders who lack these fundamentals often lose money and seek accountability from educators, making it essential for traders to develop comprehensive knowledge and risk management strategies before engaging in trading activities.
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Prerequisite Knowledge
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Where to go next
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Deep Dive
Why You're Losing Money TradingAdded:
Why I'm telling you this? Because if I don't tell [bell] you this, I have to handle the consequences. The consequences that that most of you are not using a money management and losing their money.
And that's the reason why then they are coming to cry me a river. Yes? Or the things that they don't understand the probabilities, yes? And then they cry me a river.
Or that when they don't uh yes, don't know where where the then they get not the knowledge and then they cry me a river when they are trading and not understanding what they are doing because they don't have the knowledge.
That is my obligation, yes? Because of the consequences. That's the reason why I did this, yes? Because I heard so many of you always crying me a river.
So, that was then the obligation. In trading, for example, there is not this kind of obligation uh where you have to do this at any cost. But when you see that you, for example, you don't trade and you see this as um something what you are doing for as a full-time trader,
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