Take Action

Take ActionLesson 7 of 123 min read

What not to buy

The three things beginners pay for that take their money and teach them nothing.

Most beginners lose money before they ever lose it on a chart.

They lose it buying shortcuts. Three of them are common enough to be worth naming.

Signal groups

A signal is someone else's instruction to buy or sell, sent to you to copy.

The usual path is joining several groups at once and taking every signal from all of them. The groups contradict each other, the position sizes are guesses, and an account can be emptied in weeks this way.

A trade you did not read yourself teaches you nothing, win or lose.

Expensive courses

Beginners commonly spend thousands on courses that turn out to contain what a free video already covered.

Price is not evidence of content. A course that costs two thousand can be an afternoon of material with a sales page in front of it.

Cost tells you nothing about what is inside.

Outright scams

Some of what is sold to beginners is not a bad product. It is theft.

Beginners are the target because they are in a hurry and cannot yet judge what they are being shown. Money handed to a stranger who promises to trade it, or to a mentor who disappears, is simply gone.

Anyone guaranteeing a return is either wrong or lying.

What none of them can sell you

Every one of these is sold as a way to skip the time. That is the part that cannot be skipped.

The hours in front of a chart have to be yours. No group, course or mentor can put them in for you.

The part that costs time is the part that cannot be bought.

Key terms

signal

someone else's buy or sell instruction.

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