The Difference Between Learning Trading and Guessing

You know, one of the greatest misconceptions that I see people believe around the stock market.

This is really huge because what is the stock market? It is the market where half a trillion to a trillion dollars moves hands every day.

This is huge.

Like we call it the finance industry.

I call it the money industry because that's what we mean.

So if we're trying to see What do people with money who move money and make money doing it do with money? We look at the stock market, but it can so easily look like one giant mystery, one giant casino where the best we could possibly do is guess.

And if there's some among us who are okay with that, then they get involved.

And there's many who are not okay with that and they never get involved.

Well, I'm here to tell you that none of those have to be the reality for you because trading, true trading, not just having a brokerage account and going and trying, okay? True trading actually is a skill.

And by the way, the skill is not knowing the future.

there is nothing in true and real trading that says we need to know the future going to the market and having a hunch and thinking we know what it's going to do and then taking risk based on that is just guessing that's not what traders do traders learn an actual system it's systematic it builds probabilities by the way when we want an outcome of in life is it guaranteed No, it's not, there's no guarantee.

There's no guarantees in life, okay? The Lord's gonna come back, that's a guarantee.

We're gonna pay taxes or else, that's a guarantee.

But there's nothing else that is guaranteed in life.

So what do we do? We make decisions that raise the probabilities of the outcomes we most desire.

Well, guess what? That's what traders have learned how to do.

And they do it using what traders know as four main skills.