ClayTrader Mail: Penny Stock Gambling

ClayTrader Mail: Penny Stock Gambling

Come on, man, you’re giving all us traders bad names with this nonsense. I’m not gonna lie, this is the stuff that really just gets just ohhh! Where people are, you know
you’re kind of gambling. You know that’s not really.
You’re just. You know. Have you ever had anybody
imply that you’re an idiot, imply that you’re a gambler,
imply that you’re being unwise because you tell them that you trade? Whether that’s trade
stocks, bonds, futures. Just oh you’re a trader. Oh the stock. Oh. Well this is the kind of stuff that people see or hear about. Or just through the grapevine. That gives us all a bad name. And this goes without
saying don’t do this. This is not what the
market’s intended for. Maybe I just need to rant a
little bit for this video. But, maybe you’re somebody that’s new. So I suppose there is an
educational perspective here from the sense of I’m not quite sure. Is trading gambling? Is trading just very unwise? Well, I don’t know. If you’ve heard of instances like this, I assure you, they do exist. Hence the example. But there are many of us out there that actually would never do this and would look at this
and say that is wrong. That is silly. That is extremely unwise. So I mean for those of you
out there, I assure you trading can be done properly but yeah, these examples exist out there and I’ll just throw it out there
just in case you’re not aware, but yeah, don’t do this, okay? Don’t do this. But let’s get to this exchange that comes via YouTube comments, alright. First off, I apologize if
I stumble through this. Grammar is lacking here, but here we go. This person says I feel
bad if I lose 50 bucks but then again, I only gave
myself 300 bucks play with for all year with penny stocks. I just keep an eye on them and by someone they hit all bottom and low. After doing research and
seeing if like you know the earning reports maybe coming closer or junk with a Hail Mary and margarita. Okay that was really hard to get through but point being, he doesn’t
like losing 50 bucks but he’s only got 300
dollars to kind of play with and he’s talking about
Hail Mary’s and margaritas. So, I think we’d all agree
not very much structure here. In fact, this is not trading at all because true trading has plans. True trading has structure so
here’s my response to them. So you’re gambling and not trading. As long as you’re cool with that, then I give you all the
credit in the world. It’s much cheaper to do what you’re doing rather than to pay for a
plane ticket to Las Vegas. So this person says back yeah
that’s the way I look at it because I don’t have enough
knowledge about the stocks to do it seriously with
thousands of dollars, but I play with penny stocks. Keep myself entertained
because I have a nine month old daughter and another one on the way. Do you see what drives me nuts? Do you see what just gives
us all such a terrible name? The guy’s got a nine month old daughter and another kid on the way and here he is spending money in penny stocks
to keep himself entertained. I mean why don’t you use that money for something a little
bit more productive? Why are you gambling exactly
when you have a nine month old and another kid on the way? It’s only 300 dollars. If he only has 300 dollars
to do this with, I assure you I’m guessing his personal
financial situation is not really justifying him treating
this money the way it is and who cares at the end of the day? His words, not mine. He doesn’t have enough knowledge but I’m still gonna use money. I don’t really need to say anything more. This is a really bad situation. And I hope. I doubt this person
will ever watch this video but if you do, come on man. You got kids on the way, you got a family, why are you acting like a
degenerate gambler in the markets? That’s not wise and who
knows what external people are observing and if they
know what you’re doing. Who knows, maybe you’re doing
this behind closed doors because you know it’s silly and you don’t want other people to know. But if you think it’s okay and
other people are observing, they’re observing and
thinking the same thing I am and they are also thinking wow. Trading the stock market,
all that stuff, that’s risky. You should not be doing this because you are gonna lose your money. There’s no doubt about that. It’s just a matter of
time and then those people are gonna look at us and
think that were a bunch of gamblers and all that other stuff. I mean not that it really matters because at the end of the day, if
you know how to do it right then who really cares
what other people think. But, I realize that’s an
oxymoron because here I am complaining about other people. But like I said, I admit it. It drives me nuts. It’s a pet peeve of mine when
people give us serious traders a bad name. So for those of you that
are wondering, I assure you that it can be like this
but this is not the normal. Well, I mean maybe it
is more like the normal but let me phrase it this way. There is definitely a way. There is definitely a
path that you can go down that treats trading as a business. That doesn’t treat it as a casino. That doesn’t treat it
as well you know what, It’s only 300 bucks so
I’m gonna have some fun. But here this guy is saying that he doesn’t like to lose 50 bucks. Well if you don’t like to lose 50 bucks, then you should not be
using any of that money. You should be using that for
other things in your life. I don’t know, go try to start a business with that 300 bucks. I mean get creative. I realize 300 bucks isn’t a
lot, but there’s a lot more better things that you
can be doing with it than just gambling it away
in the penny stock market. So yeah, rant over. Don’t treat trading like
this and if you’re somebody that’s wondering is this
how trading actually works? No, this is not how serious trading looks or how serious traders treat it. If you are out there
trading alone currently and maybe are in the market for
looking for a community to join to assist you in your
trading or to just help you, give you another set of eyeballs,
then I do have a private trading community where
you can trade alongside me and other experienced traders. So what you see popping
up on the screen right now is both an information link. So if you click on the inner circle one, that is gonna take you to
the page where I explain all the details of what exactly
come with the community, both the chatroom and the newsletter. And then the other
image that has popped up is a behind the scenes
tour where you can see exactly what is going to be
contained within the community. I take you through like I
said a behind-the-scenes tour of everything and that way, you’ll know precisely what you are
getting when you join. So definitely check that stuff
out if you are interested and thinking about wanting
to join a community and let me know if you have any questions.

8 thoughts on “ClayTrader Mail: Penny Stock Gambling”

  1. My wife receives 100k. Me- you should invest a portion of it into the market. Wife- no people at work said the market is sketchy and I can loose it all. Me-crrrinngggeee. Even though that’s what helps put food on our plates she still thinks it’s sketchy.

  2. I put in a trade to show my mother how trading works. I put a €100 bid in. She said "That's a LOT of money! You could lose it all!" After a facedesk, I explained to her that it was impossible to lose more than about 75c with the stop loss in place, but I stood to gain around €2.50 with a potential move up on a setup (which actually happened).

    Funny how people think you can lose it all in one go. We've all seen fake examples in films where some trader suddenly loses his €1 million trade in a huge market crash. I call it the "Hollywood Effect". It's the same reason people think fake sounds used in movies are what things really sound like. Blows their minds when they realise they've lived a lie.

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