If You’re About to QUIT Trading, Watch This...

Summary

In this motivational speech, the speaker addresses the struggles of trading and the pain of quitting. They share personal experiences of quitting and the relentless internal questioning that follows. Emphasizing the importance of perseverance, they argue that the challenges faced in trading shape character and success. They encourage traders to continue despite setbacks, highlighting that the discipline and resilience gained are invaluable across all aspects of life. The speaker inspires viewers to reflect on their passion for trading and to push through the pain for long-term growth and fulfillment.

Takeaways

• 😣 Pain and struggle are common in the journey to success, whether in trading or other areas of life.
• 🤔 Quitting to avoid pain often leads to regret, as the internal questioning of why you quit persists.
• 🏆 Success and growth come from overcoming obstacles, not from an easy path or a perfect environment.
• 📚 Continuous learning and seeking mentorship are crucial for improvement, even at high levels of achievement.
• 💪 The discipline and perseverance required in trading can translate to success in other life aspects.
• 🚫 Don't be ashamed of your current job or situation; what matters is the effort you put in to improve.
• 🤝 Family support is important, but ultimately, you must believe in yourself and your abilities.
• 🕰 Patience is vital; it takes time to become profitable in trading, and quick success is rare.
• 💰 Financial struggles are real, but they don't define your worth or potential for future success.
• 🏋️‍♂️ Physical and mental toughness, like training for sports, can be applied to the discipline needed in trading.
• 🔄 Failures and losses provide valuable lessons that are essential for long-term success and wisdom.

Q & A

Why do some people consider quitting trading?

Some people consider quitting trading due to the pain of losing money, the hard work involved without seeing immediate results, and the lack of support from family or friends.

What is the speaker's perspective on quitting to end the pain?

The speaker believes that quitting does not end the pain; instead, it leads to a constant inner voice questioning why one quit and the regret that can last forever.

What personal experiences does the speaker share to illustrate their point about quitting?

The speaker shares their experience of quitting their second channel, 'Study with Britney,' due to negative comments, and how quitting in sports and school has led to moments of regret.

What does the speaker suggest is the voice that asks 'why did you quit' a representation of?

The speaker suggests that the voice asking 'why did you quit' represents one's conscience or inner self, which constantly challenges and questions the decision to quit.

How does the speaker describe the impact of obstacles and challenges on their personal growth?

The speaker describes obstacles and challenges as essential to personal growth, stating that they have shaped who they are today and have contributed to their success as a trader.

What is the speaker's view on the role of failures in the journey to success?

The speaker views failures as crucial learning experiences that teach important lessons and contribute to becoming a better trader and a stronger person.

Why does the speaker emphasize the importance of not quitting despite family's lack of support?

The speaker emphasizes that understanding one's own abilities and passions is more important than external opinions, and that perseverance despite family's lack of support can lead to eventual success.

What does the speaker suggest about the relationship between trading success and personal discipline?

The speaker suggests that the discipline, perseverance, and character built through learning to trade can help in other aspects of life, making trading a valuable endeavor beyond financial gains.

How does the speaker compare the experience of trading to other life challenges?

The speaker compares trading to other life challenges by stating that the ability to persevere and learn in trading can translate to success in other areas such as work, relationships, and personal goals.

What advice does the speaker give to those who are struggling with trading and considering quitting?

The speaker advises those struggling with trading to keep going despite the pain and challenges, emphasizing that the pain and failure experienced now will make them better traders and people in the long run.

Outlines

00:00

🚫 Overcoming the Pain of Quitting Trading

The speaker addresses the struggle of wanting to quit trading due to the pain of losing money and lack of immediate results. They share personal experiences of quitting in various areas of life, including a brief hiatus from their secondary channel due to negative comments. The speaker emphasizes that quitting doesn't end the pain but instead leads to a constant questioning of why one quit. They urge the audience to consider their true passion for trading and the long-term consequences of giving up, highlighting that obstacles and failures are what shape successful individuals.

05:02

📈 The Value of Struggle and Persistence in Trading

The speaker discusses the importance of persistence in trading and life, drawing parallels to their own experiences with family doubt and personal challenges, including a diagnosis of PTSD. They recount how early success in trading led to complacency and a subsequent downfall, stressing the importance of continuous learning and growth. The speaker also touches on the idea that the most successful people have experienced significant failures, and that patience and dedication are key to becoming a profitable trader.

10:03

💪 The Hustle and Dedication Beyond Financial Struggles

This paragraph focuses on the commendable efforts of individuals who, despite financial struggles and the pressures of multiple jobs, continue to strive for a better life for themselves and their families. The speaker contrasts these individuals with those who give up and rely on others, highlighting the admirable nature of perseverance. They also address the common misconception that only quick success is valuable, pointing out that it is the gradual, consistent effort that truly pays off in trading and life.

15:05

🏆 Embracing Pain and Failure as Stepping Stones to Success

The final paragraph emphasizes the transformative power of pain, failure, and regret in personal and professional development. The speaker shares that it is through these difficult experiences that one gains wisdom and strength, which are invaluable in all aspects of life. They argue that mastering the discipline and perseverance required in trading can lead to success not just in finance, but in any endeavor. The speaker concludes by encouraging the audience to continue pursuing their passions, regardless of the challenges faced.

Keywords

💡Pain

In the context of the video, 'pain' refers to the emotional and psychological distress that comes from not seeing immediate results after investing time and effort into trading. It is a central theme as the speaker encourages viewers to persevere through this pain rather than quitting, highlighting that the pain of regret from giving up can be more enduring.

💡Passion

Passion is described as a deep-seated love for trading that drives one to continue despite challenges. It is a key concept in the video, where the speaker differentiates between quitting due to temporary pain and persisting because of a genuine passion for trading, which aligns with the video's message of resilience and dedication.

💡Quitting

Quitting is presented as the act of giving up on trading due to difficulties or a lack of immediate success. The video emphasizes the negative long-term effects of quitting, such as the constant questioning of one's decision and the pain of regret, which contrasts with the potential growth that comes from overcoming challenges.

💡Discipline

Discipline is portrayed as a crucial element in achieving success in trading and life. It is the ability to maintain a course of action despite obstacles and is highlighted in the video as a quality that can be developed through the hardships of trading, which in turn benefits other areas of life.

💡Challenges

Challenges are depicted as inevitable hurdles one must face in the pursuit of success in trading. The speaker uses the term to illustrate the idea that overcoming these challenges is what shapes a person's character and leads to growth, both as a trader and an individual.

💡Failures

Failures are discussed as essential learning experiences that are more valuable than successes in the journey of becoming a successful trader. The video suggests that it is through understanding and learning from failures that one can achieve true wisdom and strength in trading.

💡Perseverance

Perseverance is the act of continuing in a course of action even in the face of difficulty or with no immediate success. It is a key message in the video, where the speaker encourages viewers to keep going despite the pain and challenges they face in trading.

💡Success

Success in the video is not just about making money in trading but also about the personal growth and development of qualities like discipline and character that come from enduring the hardships associated with the trading journey.

💡Mentor

A mentor is someone who provides guidance, knowledge, and support. In the context of the video, the speaker mentions the importance of having a mentor and continuing to learn from them, even at high levels of achievement, to keep growing and improving.

💡Egoistic

Egoistic behavior is portrayed negatively in the video, where the speaker recounts a period of early success leading to arrogance and a cessation of learning. This serves as a cautionary tale about the dangers of letting ego interfere with the continuous learning process necessary for growth in trading.

💡PTSD

Post-Traumatic Stress Disorder (PTSD) is mentioned in the video as a personal struggle the speaker has faced, which adds depth to the narrative of overcoming adversity. It is used to illustrate the speaker's resilience and determination to continue working hard despite personal challenges.

Highlights

The speaker emphasizes the importance of perseverance in trading despite the pain of losing money and the lack of immediate results.

Quitting trading to end the pain is misguided, as the pain of regret can last forever.

The speaker shares personal experiences of quitting, including a 10-day hiatus from posting on a second channel due to negative comments.

The internal voice that questions one's decision to quit is a common phenomenon that everyone faces.

The speaker's success as a trader is attributed to overcoming obstacles, heartbreaks, and failures.

Adversity and challenges are portrayed as essential in shaping one's character and success.

The speaker argues that success is not a result of privilege but of hard work and overcoming difficulties.

The importance of continuous learning and seeking mentorship, even at a high level of achievement, is highlighted.

Successful people, including traders, often experience more failures than the average person, which contributes to their wisdom.

The speaker recounts a period of egoistic behavior after a string of winning trades, which led to a halt in learning and growth.

Family support is not a prerequisite for success; the speaker shares a story of overcoming family doubt to achieve goals.

The speaker discusses the importance of discipline and hard work, even when faced with mental health challenges like PTSD.

The value of pushing through discomfort and not giving in to self-pity is emphasized for personal growth.

The speaker encourages viewers not to be ashamed of their jobs or financial struggles, as effort and persistence are what truly matter.

The average trader takes at least three years to become profitable, indicating the need for patience and dedication.

The speaker advises that if trading is not a passion, it's acceptable to quit, but if it is, one should not give up easily.

The speaker shares the idea that the pain and failure experienced in trading can make one a better person overall.

The discipline and character developed through learning to trade can be beneficial in other areas of life.

The speaker concludes by urging viewers to keep going if they are truly passionate about trading, as it will pay off in the long run.

Transcripts

even though I don't know who needs to

hear this but I felt like I just need to

say it okay so you want to quit trading

I don't know what's your reason but a

lot of times people want to quit because

they want to end the pain like you're

truly passionate about trading but you

want to end it because you're probably

losing money you probably put in three

months of hard work and then you don't

see any results but then you know deep

within you trading is what you want

trading is what you like and this is

what you want to do for the rest of your

life but then you quit because you want

to end the pain now let me tell you

something when you

quit the pain doesn't just stop there it

doesn't end there because I can tell you

I've quit many times in my life it could

be in sports in school and most recently

if you know I have a second Channel

called study Britney at one point I quit

Okay posting for 10 days

because every single day I was getting

you know the typical same comments that

I get over here on this channel is this

a boy or girl is this a man woman he or

she you look like a boy and all that

stuff and then it got too much it got

too much so I quit for 10 days now

here's the thing when you quit this

happens to

everybody every single day this little

voice behind it's going to ask you so

why did you quit why didn't you keep

going is it really that hard to keep

going didn't you say that you really

want this on day one how come you're

throwing in the towel right now how come

you being weak right now this voice just

woodn't I can tell it woodn't shut up it

just repeats itself almost every single

day every single moment of your Waking

Life like a broken record are you such a

coward you can't handle a little bit of

setbacks so you really don't want to

give a good life for a family is that

what right you going quit on yourself

just like that it's not going to end the

pain of regret let me tell you something

lasts forever so if you are going to

quit right now because of the pain of

losing money the pain of sacrifice

studying I didn't know it's going to

take so much work I didn't know I got to

study so long I didn't know I going to

work so hard I didn't know that I have

to practice back test demo trade for so

long without seeing any results because

your family don't support you when you

quit because of these reasons it's going

to hunt you forever and let me tell

something okay I am the trader I'm the

person I am today because of my

obstacles the heartbreaks the challenges

the betrayals the failures every single

little thing all this that life

through me make me who I am today let me

tell something if I am born in a

Palace okay with great parents who never

quarrel every single day with a great

biological dad who pay me to go to

Harvard Stanford take care of everything

buy me a super nice house take care of

everything for me I probably wouldn't be

doing what I am today if it wasn't for

people who bullied me in school if it

wasn't for the teachers who write on the

report card every single year there's a

problem with her she just couldn't talk

if it wasn't for all those things I

probably wouldn't be doing what I am

today maybe if I'm the cool girl in

school the cool kid in

school I'll be freaking spot right now

if it wasn't for my losing trades I

wouldn't be the trader I am today I

wouldn't be constantly reading books

buying courses every single month I

still buy new books to read now a lot of

people say why do you still have to read

books when you at this certain level why

do you still need a mentor when you're

at this level now Michael Phelps won

eight gold medals in 2008 and yet next

day he still went back to train with his

coach the top CEOs in the world read at

least 30 minutes every single day it is

because you are successful that's why

you need a mentor because what do most

losers do what you want me to spend $300

on a course on a mentor when I could

spend this

money on alcohol on gambling on buying

video games it's more worth it it's hard

when you lose money on trading after you

put in so much work in studying it's a

lot of pain yes yes but on the flip side

the most successful people in the world

are those who have experienced more

failures than mediocre

people they out failed those mediocre

players as any successful traders in

this world go and read Market Wizards

you realize that majority of them

started out started out losing tons of

money but yet a lot of those moments

where they lose money is the best thing

that's ever happened in your whole

entire career because it taught them a

very important lesson you know thing is

early in my career first year of trading

the the winning traes I've gotten 50

straight wins at one point the winning

trades oh they are good like they feel

good my mentor be like oh you're doing

so well you're learning so

fast didn't learn much from it it just

made me

egoistic then I stopped learning stop

reading books stop

journaling when you become that egoistic

Mr Market is not going to forgive you

it's not going to let you go it's gonna

put you back into the ground and tell

you you got to wake up you might want to

quit because your family don't support

you I get it I once had family members

that tell

me Karen I don't think you can go to the

top universities in Singapore which is N

US n okay I just accept the opinion but

then I don't listen to it because I know

I know myself I know myself I know my

ability I know what I've been through I

just shut up and work hard eventually I

got into it in fact this one I'm having

an argument with my family which is

typical in

families with family there's always

arguments okay especially mine even

though it's very demotivating yes

disappointing but then I still wake up

every single day and I still go for my

swimming training at least two hours

every single day at least two hours

every single day it could be running 5

kilometers torturing myself even though

I don't feel like doing it it could mean

studying

books that this take but I don't even

want to get out of bed like 3 years ago

because of all the let's not get into

too much detail because of all the

mistreatment that I experienced in my

family and also in school all the

accumulator and then the doctor

diagnosed me with

PTSD and then I I told him okay but I

still work out every single day then

he's like you are doing so well I'm like

you know what what's the what's the

alternative lay in my

bed and organize a pity party for myself

I've organized so many pity parties for

myself nobody's got to turn up for your

P party most days I'm tired I don't feel

like doing anything I don't even feel

like running for one meter don't even

feel like getting out of the house what

more jump into a cold swimming pool and

then swim for 2 hours none of those

things I want to do but still do it

anyway of course some days I'll sit on

my

table let me just feel sorry for myself

for 15 minutes but then nobody's going

to come save you you know that I know

you're waiting for maybe a mentor your

spouse your family to come save you

nobody's going to come save you but you

oh but then K I put in so much work only

to lose money I put in six months of

hard work three months of hard work

while juggling two jobs while juggling

full-time studies when I was in

university I studied full-time work part

time spend a rest of the time studying

trading plus training for

swimming and I sleep 4 hours of course

this not recommended recomended but then

this is what I need to do at that point

in time to get to where I am I know

sometimes when you're working two jobs

three jobs a lot of people are doing

that nowadays your salary could not keep

up with inflation by the time you're

done with all that you only have like 1

to two hours of free time because maybe

you have kids or dog to take care of and

then you feel disg you feel useless

because why can't I earn enough money in

my fulltime job to make a

living why do I have to work two to

three jobs I know sometimes you might

feel that life is so

unfair it is but what can you do about

it are you going to just sit there and

then cry about it yes do that but then

after that

what what now when you're working two or

three jobs okay I don't care what you do

you aity guard you're janitor I don't

care what you do you work at

McDonald's don't don't be ashamed of

yourself because you know why I've seen

Bread Winners with

kids just give up everything and then

tell their

kids you know what just don't study you

know what I'm just going to sell our

home so I don't care if you're

homeless just go find a way because I'm

going to use that money to enjoy life

I've literally seen a bread winner say

that the fact that you are trying so

hard

as the bread winner maybe as the second

bread

winner to put foot on the table every

single day to feed your kids to try to

give your kids a good life despite

living paycheck to paycheck you are way

ahead of most quitter in this life

nowadays I know there's depression all

that okay it makes it hard to work

nowadays there are people who couldn't

take what you're are going through and

they just quit move back to their

parents

basement and just do nothing play games

all day gamble all day smoke all day

smoke all day that's all they do

every single day then their kids have to

so-call Baby them take care of them they

much off their parents who are 60 70

years old so their old parents have to

work while they sit in the basement

doing nothing but

but you out there hustling to put

food on the table for your kids to feed

your kids that is super admirable I

respect that kind of hustle regardless

of what job you're doing and yet you

still put in 1 to 2 hours 3 to 4 hours

per week studying trading there's not

many people doing what you're doing

right now never be ashamed of yourself

just because you're struggling to live

from paycheck to

paycheck because eventually I can tell

you everything is going to be okay your

heart what will pay off one day because

you way ahead of most people who quit

they do nothing every single day to

improve their lives they even ruin other

people's lives as long as you're moving

forward every single day taking baby

steps then you're

successful you are way ahead of most

people and also let me tell something I

love my followers personally they have

told me K you know I persisted and

persisted persisted and only until year

three or four of working hard almost

every single day do I start to see

results the average Trader takes at

least three years to become

profitable so don't come and tell me can

I've been working for 6 months working

hard this and then how come not seeing

any results you're not willing to put in

the

patience the best traders that I know

studied for years they are freaking

patient they are willing to put in the

time because if it is so easy to make it

in three months 6 months everybody is

going to be a successful Trader how come

only 10% of Traders are

profitable and even a smaller percentage

are trading full-time now if you really

feel like you don't really like trading

anyway you're not really passionate

about financial markets this is really

not for you and you want to quit then

that is okay because you're quitting in

a place where

you understand yourself you know that

it's not you you're just in it for the

money and nothing else then it's okay to

quit but if you know that deep within

you this is what you want this what

you're passionate about this is what you

want to do for a living and this is what

you like you're not going to quit you're

not going to quit just because of a

little bit of pain because it's this

pain it's this failure it's this

disappointment that you're experiencing

right now

that's going to make you a better Trader

make you a better human

being the pleasant things that happen in

my life you know the traveling five star

hotels then winning the gold medals

going on vacations those things I mean

they re charge me they help me relax but

those things don't make me stronger in

fact sometimes when I go for vacations

for too long it make me freaking soft

after I come back from vacation I'm like

I don't want to do any but after I

lose a swimming competition after

somebody criticizes me online about the

way I look after making a losing trade

despite researching for a whole freaking

hour two hours man those things even

though it's painful but then you can

just feel it you can just feel it okay

how am I going to make this better how

am I going to bounce back from this what

can I learn from this I don't really

remember the races that I've won it's

not super marable I remember the races

where I lost to my friend to my

competitor by 0.0 one

second because that pain of regret if

only you didn't skip that extra rep if

only you put in more hours and not

procrastinate on your swimming it's the

losses the pain the fees that's going

to give you the wisdom

that you cannot find in books it's these

things that are going to give you the

strength that you need because whatever

you do in trading is going to translate

to other aspects of your life because I

can tell if you bought a trading book

today and you start to read it and then

it starts to get dry boring and then you

be like F this sh too boring too hard

too mundane let me go do something else

when you go do other

things let's say you want to run the

marathon let's say you want

live in a gym you're going to quit when

it gets

hard when you go to a job you're going

to quit take the easy way out when it

gets

hard when you can Master trading I don't

care how many books you read when you

can Master trading when you can Master

the studing when you can Master back

testing which is very boring dry when

you can study the boring dry stuff that

other Traders not willing to do

eventually you're going to get the

results that other Traders don't have so

if you think about this most Traders

quit when it gets hard and then they

move to e-commerce move to something

else change to cryp talk because it is

easier to get rich quick there this

going to translate to everything that

you do in your life you're going to take

shortcuts in your

relationships everything everything but

when you

persevere and you keep going despite not

seeing any results it's going to

translate to other things you going to

keep pushing in your work relationships

Sports everything knowing that this what

you want when you

quit you're going to answer to yourself

for the rest of your

life why did you quit why did you not

keep going so if you know this what

you're passionate about this what you

want to do keep

going keep going it's not so much about

the money alone because the discipline

the perseverance the character that you

build from learning how to trade itself

is going to help you in other aspects of

your

life so keep going May a peace be with

you talk to you in the next video bye