Before you read my risk warning, here is a “fun” fact about the bullshit, fine print risk warnings. These risk warnings do not exist to protect traders from the risks of the market! No, no, no ,no… Risk warnings exist to protect brokers and their friends from the risks of outraged traders. The reason these risk warnings can’t and don’t protect traders is that the warnings are full of financial jargon and, for the most part, the people that want to start trading, the same people these warnings are “intended for”, do not understand what they are reading. They don’t understand the risk. That is if they can find the risk warnings. Financial jargon is actually a worldwide tested and proven way of confusing the hell out of you. You want proof? Just describe the events that caused the 2008 financial collapse. Simple, right? Well, maybe you can describe the events of 2008 and prior to that, but most people don’t have a clue what the hell happened. And people that never stood a chance of understanding the risks will sometimes feel cheated. But there is nothing they can do because the brokers will say “We warned you.”
So here is my attempt at warning you of the risk.
THE MARKETS ARE FUNDAMENTALLY UNPREDICTABLE! YOU WILL LOSE A LOT OF TRADES NO MATTER HOW GOOD A TRADER YOU BECOME. AND THERE IS NOTHING YOU CAN DO ABOUT IT. THINK ABOUT THAT FOR A MINUTE. THIS MEANS THAT THE MARKETS ARE FUNDAMENTALLY VERY DANGEROUS. THEY ARE EVEN MORE DANGEROUS FOR PEOPLE WHO DON’T UNDERSTAND HOW THE MARKETS WORK AND BEHAVE AND FOR PEOPLE WHO DON’T UNDERSTAND THAT TRADING IS A SCIENCE. THERE ARE RULES! DON’T THINK YOU ARE SMARTER. IF YOU WANT TO PROFIT YOU CAN’T JUST DO WHAT YOU WANT, NO MATTER WHAT THE TV SAYS. TRADING IS ADVERTISED AS EASY, FUN AND COOL AND IT IS INDEED EASY TO LOSE YOUR MONEY BUT THAT IS NOT FUN AT ALL. THE TRADING INDUSTRY IS A VERY WELL OILED MACHINE FUELED BY BULLSHIT AND YOUR IGNORANCE. DON’T LET THE GREAT POTENTIAL FOR PROFIT BLIND YOU FROM THE GREAT POTENTIAL RISK. YOU CAN MAKE A LOT OF MONEY TRADING, BUT TRADING IS NOT A “GET RICH QUICK SCHEME”. IF YOU FAIL TO PREPARE YOU WILL LOSE YOUR MONEY. THE NUMBERS ARE CLEAR. 97% OF TRADERS ARE LOSERS. FOR THE 3% OF EXPERIENCED TRADERS, TRADING IS EASY, FUN, COOL AND PROFITABLE AND NOT BECAUSE THEY ARE LUCKY OR GOD’S CHOSEN. THERE IS A METHOD TO THE MADNESS !
Certainty of death? Small chance of success?….. What are we waiting for?