You know what's frustrating?
When you copy a guy ... The second you copy him "Booom" he starts losing money.
All the other months, green, it's green!
Last 11 months, 12 months, everything green - big green bars, that looked good, you start
copying him and booom he's losing...
What can you do, you know.
His statistics are good, the guy's a good trader, he's diversified, he's got an overall sort
of good system.
It just so happens that sometimes you copy a dude, or a lady, and they start losing money
- there's nothing you can really do about it, you've just to kind of wait for it to
pick up again...
I guess.
It's the weekend.
It's Saturday.
Thank God that cryptos can still be traded on Saturday.
I remember before cryptos could be traded it was like the Saturday and Sunday - the
weekend was this barren desert of non-tradiness.
Cryptos kind of took care of that, but, at the moment cryptos are consolidating.
Consolidation is another thing - very useful, it's when the stock's going sideways - it's
not going up, it's not going down, it's going sideways.
Really good, can support, you know, form support for the future, but it's boring.
It's frustrating.
And I can sit there for like hours watching a consolidating stock do nothing in price,
and I'll just sit there clicking around for hours, you know, reading about the stock but
it's doing nothing for now...
Like I used to think, obviously trading is something really active - when you're trading
you're like 'buy' 'sell' 'buy' 'sell' and all the rest of it.
Sometimes it's not though, sometimes it's just boring as hell, sometimes you just have
to watch ... Especially when you copy people because you sort of put your money on and
that's it - once your money's on, you're just like watching "Did it go up?"
"Did it go down?" and that can become really tedious, you know, you can like just sort of sit there
clicking for hours just watching - has it changed at all ... And generally
people will make money slowly.
You know, they're not going to like "yeaaaaaaah I'm rich in like 2 weeks" or a month or even
2 months.
They make money slowly, so you've kind of got to have something to do - I mean I know
that copytrading is kind of for people who want to not be active, who want to not be
engaged, but it's weird because I kind of, I really - I love copytrading, I don't have
enough experience, I want to copytrade, these people are amazing, thank you Jay, thank you
to the others, but sometimes it's boring, because I can't trade myself.
Which is why I think I keep getting sucked back in, you know, and trying to do it myself.
But in the meantime whilst I'm not doing that, I guess I just have to find other things to
do, like this - come out, make videos, look around.
It's October, it's October in Malta and I'm still wearing shorts - that's magnificent...
In England I'd be a popsicle by now, I'd be blue, there'd be police all round me, I'd
be a dead man if I was wearing shorts in October.
But thank you Malta, it's still nice, it's still cool, I can still run around.
But sometimes you have to pry yourself away - I have to pry myself away, you know.
Find something to do - it's hard to let go, just step out, you know.
Set your stop loss, set your take profit, whatever you want.
Go outside, do stuff, meet friends - get a life, you know.
I have to do other stuff during that.
Make videos I guess ... Keeps me busy.
Find something else to do, because I can just spend hours clicking.
I do nothing, I've spent 6 hours "Trading" - I've done absolutely nothing.
My Rite Aid trade... what's up with Rite Aid!
How boring is that, you know, I've had it open for two and a half months, and it's just,
it's sitting there you know, I thought it was going to make a loss, saw the support
level, I put my stop losses low ... And now I'm just waiting for it to go back up.
Like loads of money's tied up in that.
There's nothing I can do!
I just have to wait...
It's really, it's frustrating but it's kind of...
I've got $60 in fees because I used a lot of leverage.
what do I do?
I can't sort of you know, force the Rite Aid board to get better at their job, or force
people to go and buy from Rite Aid in the states.
What I have to do is wait.
And it's frustrating, you need to learn patience.
I think it was Warren Buffet who said trading is like the transfer of wealth from the impatient
to the patient.
So, patience is difficult, patience is difficult, I want to be clicking and trading and doing
something, you know.
I mean, when I'm on a stock or when I'm in a trade, sometimes you know it's going up
- it's exciting...
Even when it's going down it can be exciting - you're engaged, you don't want to lose money
so you're engaged.
Sometimes when it's completely flat it's a bit boring...
I guess that's the gambler in me again.
See...
I'm going to turn this camera around and just show you what I'm looking at, just hold on quickly.
This is what I'm looking at...
If you're going to do nothing somewhere, this is a pretty good place to do it really.
Water just got me ...