This episode of the podcast is brought to you by anchor anchor is the easiest way to make a podcast. Now, let me explain. So first off it's free. Now. There are podcast services that charge upwards of you know, twenty Thirty forty dollars per month and anchors completely free. There's a creation tool that lets you edit record rate from your phone or your computer. So if you're on the go you can take everything pretty much with you also anchorDistribute your podcast so it can be heard on Apple Spotify pretty much any any platform out there. So really guys, it's everything you need to make a podcast all in one place completely free hassle-free. It's very simple. So go download the free anchor app or go to Anchor dot. F m-- to get started. Let's jump into the podcast.With any type of Investments or any type of Trade It Takes risk? Okay risk is by far the most important thing you can understand because if you are new Trader and you're risking all of your money and your 50/50, so let's say you you know, you make a trading you gain a hundred dollars. Okay. You have a thousand dollars again $100.He might be thinking. Oh dang, you know that's 10% killing it. Well the next trade in you you you you know you have now you have one thousand one hundred dollars if you risk all of that, okay and you lose and now you're down to five hundred dollars. Okay. So now you make another hundred dollars. Okay, you're up to 600 then you'd have a loser. Now, you're down to 350. It's so pretty much understanding risk pretty much just comes down to A couple of things it comes down to share size because you have to have a good amount or a pretty much not a good amount, but you have to have enough shares in you know, where you can make money but not too many work and turn South you lose everything so good way to look at it is pretty much. It's called asymmetrical risk-reward. So pretty much what that means. is If that's sick, you you have three trades. Okay, and you have good proper risk management. You can be wrong though. You can be right 33% of the time. So you can be Ron 30 or weight. You can be right to excuse me, 33% of the time guys and you can still break even and that's incredible. So, you know that's risking $1 to make three. So you try one two one one time. You don't make any money you try again. You don't make any money you try again and you make the all that $3 back so pretty much, you know balancing risk is pretty much the the And butter, it's the most important part of any short-term and a long-term Investments. So you always have to ask yourself. How much upside and how much downside should be expected, you know, if things go south what what should happen so, you know, you always have to realize that guys so, you know pretty much I forgot to tell you guys this but they're pretty much three main ways Traders fail and we're going to be just explaining that I forgot to clean that up perhaps bring that up, but that's see it's move on. All right. So the next thing here is you are uneducated. The biggest thing guys is you're uneducated read these books, you know, if you're not invest or if you're not a traitor read still read Financial books because you're going to be putting your money 401ks IRAs, you can learn how to maximize your profits. So I'm reading Tony Robbins money Master the game right now. Fantastic, you know I'm only in color pages are dead. Here's a book that I wrote how to become an active Trader. This one is obviously more along the lines of day trading or any other type of trading here. But uh pretty much I have maybe 35 40 bucks all talking about trading or investing so pretty much you have to realize that It takes time because you're not going to just put money put money in the market new not going to just instantly make money guys. It takes time takes practice. But yes, so pretty much. You know the most important thing you can do as day Traders swing Traders. Is to just learn because really many Traders many Traders fail or give up because they don't understand why they're losing their money and those types of Traders may catch some stocks over the long term but or yes, some Traders may may have some winners. You don't Bam Bam Bam Bam, but once we get into a market that they don't understand they're going to take back all those prophets and the martyrs. It will always beat you if you if you pretty much stand flat-footed, but uh, all right, so let's move on. So the last and final way. I mean, there's a lot of other ways guys, but these are pretty much the main three that either found myself in or you know, yeah, so pretty much this is they let's move myself here. So you guys can see me Alright, so pretty much what they do. This is the probably the second worst thing that you can do other than gambling room money is is pretty much to repeat failures. So this includes anything from buying into a downward Trend Market unsure of a strategy pretty much any time that you lose money you fail you failed you got you Upbeat by the market guys, you got beat new lost. Now. You can either learn from it which 10% of people do or you can just repeat it. And that's what 90% of people do. So when I first started training, I found that this was one of the hardest things to do is because I always thought I was right it obviously if you think that you're going to lose so I had to pretty much just learn learn from myself, you know, I had to learn from other Traders. Hers, and I had to create a strategy that worked for me. But yeah, so repeating failures. You can't do it guys. So pretty much what a smarter Trader would do is if they take a loss which every Trader does, you know, I'm not saying I'm perfect in any way you can literally see my trades, you know, I had $30 loser another $33 loser, but a 405 dollar winner proper risk management, you know, I was read on to of the trades, but I was green on one of them and that one of them made up for everything. They gave me some nice profit. But you know, so I had to learn the strategy that we're for myself. I could I could not pay you back up off of other people because I felt like it was too hard by the time that they called it out the move already happened and I was pretty much buying when they were selling so, you know, but you know you guys can you guys can fail hundreds of different ways but these These are the main three that you you'll find yourself then. But uh, yeah, so I hope you guys enjoyed this podcast little shorter one. But uh, yeah, we're going to put this on YouTube. It should be on Spotify Apple. So if you guys like the audio version, you know, maybe we can get some desk some guests on here. And if any of my members in the group chat want to come on for podcasts, let me know and we can do it over Discord. But yes, that's it. Don't remember to always stay happy stay positive, and I hope you guys have a A fantastic rest of the week. Take care of your peace out.
Why Day Traders Fail in The Stock Market  With any type of investing and trading, it takes practice, a lot of hard work and a custom strategy that fits your needs. Here the three main reasons I have found that traders fail. When you begin trading you may think that your account is too small and you need more money. That is false, you do not need a large account to make money. You need proper education and software. Don’t Understand Risk Balancing risk is the most important part of any long or short-term investments. When you invest you have to ask, “how much upside and downside risk should be accepted”. The ideal situation would be asymmetric risk reward meaning you risk .06 to make a $1. An investor would invest 16 times before you lose money. What you don’t want to invest in is an investment where the profit is less than the maximum loss. Uneducated  Other than practice the most important thing swing traders can do is learn. Many swing traders fail or give up because they don't understand why they are losing money. Those types of traders may catch some stocks over the long term, but soon the stock market always beats uneducated traders. Repeat Failures The second worst thing, other than gambling, a trader can do is repeat failures. This would include swing trading downward trend markets, unsure strategy and more. Any time a swing trader loses money they have failed. What a smart trader would do is look back at their trades and understand what they did right and most importantly, what they did wrong. Social Media: Subscribe https://www.youtube.com/c/carterfarr * Podcast: https://anchor.fm/daytrading * Books:  Active Trader: https://amzn.to/2I7Dpgv Swing Trader: https://amzn.to/2NBcvDI Day Trading for a Living: https://amzn.to/2IcrIcr Day Trading Patterns: https://amzn.to/2GwHDQk  * * Chat Room: https://discord.gg/RAnCPPj  ---   This episode is sponsored by  · Anchor: The easiest way to make a podcast. 