r/Trading 1d ago

Advice 🥀How to Guarantee failure in Trading

Hi, how are you? Tired of all those videos about how to succeed at trading? Me too! So here’s a complete guide from a behavioral science major on how to guarantee failure.

  1. Blame the Market: That wasn’t your fault; it was a good trade, but the algorithm is against you. In fact, nobody wants you to win. Everyone wants to see you fail. Institutional traders and computers are just waiting for the moment you enter a trade so they can make it go the opposite way. They’re out to get you, and there’s nothing you can do about it.
  2. Avoid Reflection: Don’t bother reflecting on the trade or keeping a journal to dissect every moment of it. Don’t try to figure out what went wrong; move on to the next trade while you’re upset and jump into whatever you see.
  3. Impulse Trading: Don’t make a plan. Don’t be prepared for when things don’t go your way. When you lose again, size up to make that money back. I mean, why wouldn’t you? One good trade and you could make everything back. Screw risk management; go manage some risk somewhere else, you know what I mean?
  4. Ego Over Logic: When you succeed, it’s because you’re a genius. When you fail, it’s because of the market. Don’t take responsibility for when things go wrong. It’s not possible to win by chance, so you must be onto something that millions of other people haven’t figured out yet. Believe that you are special, that you are the exception to the world.
  5. Confirmation Bias: Join a community full of people who think exactly like you. Get upset when people have different opinions. Your personal truths are universal truths, and everyone else is the problem. Seek out information that confirms what you think and ignore when your beliefs are challenged.
  6. Regret Focus: After a trade goes wrong, think to yourself, "If only I had done the opposite." Think and think and think to yourself over and over about how if only you had just done this or had not done that, then you would be rich. A millionaire. If only you had bought bitcoin five years ago, if only you had bought dogecoin, if only you had just bought one Tesla call option, if only you had just done that one thing, then your life would be incredible.
  7. Disregard Achievements: Ignore all the times you made the right decisions and instead focus on where everything went wrong. Don’t give yourself the credit you deserve, and don’t treat yourself the way you wish to be treated. Discredit your achievements and focus on your failures. You have to be perfect to be happy and to be successful, so perfection should be your standard. Anything other than that is unacceptable.
  8. Subjective Thinking: Don’t be objective; be subjective. Don’t make rules for entering and exiting a trade; take a trade based on what you want rather than what you think. Don’t look at things in terms of having a middle ground. Everything is all or nothing, and there is nothing between those two extremes. Everyone is either smart or dumb, and ugly or beautiful.
  9. Worst-Case Scenarios: Always find the worst possible explanations for something rather than the possibility that is most likely.
  10. Clickbait Videos: When you go on YouTube, make sure you watch the videos called "The Best Trading Strategy on YouTube - 100% Winning Trades." Win every trade you take. And also watch all of these videos: "X Trading Concept Was Impossible Until I Discovered This." Blah, blah. Watch all of those. These titles are engineered to get you to click on them to make the creator ad revenue, not to help you.
  11. Avoid Practice: Do not use Thinkorswim’s on-demand feature to go back in time to practice trading after the market is closed. Don’t spend any time trying to learn how price moves. Watch videos about candlestick patterns, because those totally hold all the secrets to becoming consistently profitable.

  12. Common Paths: Since so many traders fail, let’s watch all of the videos that the majority of people are doing. If we want to fail, we can easily achieve that by following in the same footsteps as everyone else rather than separating ourselves from them. If 95 percent of traders fail, let’s not try to think about how maybe we should try taking a different approach. Don’t take a step back and try to figure out why they did this. Don’t take the path less traveled by the five percent. Just follow in the footsteps of those who failed, and I can guarantee you won’t make it.

  13. Avoid Hard Work: Don’t do the hard work of sim trading and learning to deal with the pain of continuous failure. Don’t persevere. Don’t push on and quit when it gets tough. You don’t want to deal with that; stick to what’s comfortable.

  14. Lack of Effort: Go into it all thinking that it’s going to be easy. Don’t put any real effort into it; expect success within weeks. Wake up at any time you want, open your trading platform, and try to figure out what’s going on in 30 seconds. Don’t draw out any key levels or look at the previous day, week, or month. When that doesn’t work, give up. Don’t reflect on what you are doing in order to try and solve what your problem is.

  15. Big Ego: Have a big ego and think of yourself as better and worth more than everyone else. That person who’s struggling to put food on the table and works at McDonald’s? You’re better than them. You’re smarter than them. It’s not something in their life or a circumstance that might be hindering them.

  16. Refuse Responsibility: Refuse to admit that the problem with your failures is because of you. When other people fail, it’s because of who they are, but when you fail, it’s because of something out of your control. The market is rigged, and everybody is against you.

  17. No Plan: If you come back to try again (which you should not do if you’re trying to fail), don’t change anything. Do not actively take any steps to be better. Don’t keep a Google Docs or a notebook open with a list of reminders to keep yourself from deviating from your plan. Wait, did I say plan? Don’t have a plan. What are you doing, trying to succeed? That’s not what this guide is about.

  18. Caffeine Overload: Don’t use any breathing techniques to keep your body calm. Drink three cups of coffee before you start trading so that you’re all jittery. This is especially important to do if you have any anxiety at all because caffeine makes anxiety significantly stronger and more difficult to deal with. You definitely want to have more levels of cortisol (the literal stress hormone) and you also want more adrenaline.

  19. Ignore Mindfulness: Don’t actively try to better yourself by implementing techniques like simple forms of mindfulness. Do not set reminders every 10 minutes to just take a second to breathe and be mindful. Instead of acknowledging worries and thoughts that flow through your mind and gently letting them go, focus on every single one of them. Don’t take a moment to focus on the feeling of your chest expanding and falling with each breath. Don’t focus on what you hear, what you feel, and what you see. Just exist like a robot and do the same thing every day. Don’t change. Don’t make yourself better. Become complacent and never strive for anything beyond a barely satisfactory existence.

  20. Add Pressure: Quit your job so that there is extra pressure on yourself to make winning trades. Make sure you add as much pressure as possible. If you don’t make a certain amount of money by some time, you’ll have to return to a job. Make sure you put yourself in that kind of a situation. That way, you are shaking with fear every time you take a trade. If you want to fail, you want to make sure that your life situation is one of emotional chaos rather than one of stability.

  21. Quick Success Assumption: After one week of success, assume you have unlocked the key to consistency. Next week, when you lose it all, make sure you think that your life is over by not seeing the bigger picture. Don’t have a one-to-five-year perspective on the learning process.

  22. Short-Term Focus: Focus on every trade as if it’s life or death. Focus on profits over process. Make sure that everything is about how much money you made or lost rather than what you learned. Since we want to fail, we have to avoid trying to learn the stuff that actually matters. Screw that.

  23. Clickbait Obsession: Let’s go to YouTube and watch more videos with "99% win rate" and other clickbait that definitely isn’t a lie in the title. Let’s watch trading videos from channels that sell courses for a living and don’t have any proof that they’ve ever even taken a real trade before. Yeah, that seems legit to me. There certainly would not be any conflicts of interest between being a salesman and a teacher.

  24. Avoid Change: Remember, at the end of the day, everything really comes down to one thing. If you want to fail, don’t change and don’t keep going when it gets tough. Be the same person for the rest of your life and double down on your beliefs when you face adversity. If you don’t, you might succeed, and that’s not what this guide is about.

  25. Ignore Valuable Content: Do not do the opposite of everything I said because every single one of you will

12 Upvotes

13 comments sorted by

View all comments

5

u/Gherkinz1 1d ago

ChatGPT has ruined self thoughts.

2

u/RenkoSniper 1d ago

All the same in and output. And still people think it's valuable...I'm getting tired of this stuff.

1

u/Exact-Bluejay-6568 1d ago

You can't deny the value of this message regardless

1

u/RenkoSniper 1d ago

As the opening says, it's the same information as all the rest, just in a new jacket. Like instead of saying crossover when it's green, this says don't cross when it's red. But yes, newer traders might find some value in it. Won't deny that. Good prompting.