Why Accountability Is Essential in Trading #trading #crypto #PhilGoedeker

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📊 The Importance of Accountability in Trading: A Critical Lesson for Self-Employed Traders

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👋 Welcome to Com Lucro! In this insightful episode, Phil Goedeker discusses a crucial element often overlooked by traders: self-accountability. Being a self-employed trader offers freedom, but it also requires discipline and responsibility. Phil shares real insights on why holding ourselves accountable is essential to maintaining a profitable, long-term trading career. We dive into why capital preservation is key, and why taking excessive risks on marginal trades can quickly lead to accumulating losses. Whether you’re a seasoned trader or just starting out, this episode is packed with strategies to help you stay disciplined and avoid costly mistakes.

👉 Key Points:

The Pros and Cons of Being Your Own Boss
The Need for Accountability in Trading
Strategies to Preserve Your Capital
Avoiding the Pitfalls of Overtrading
Why Marginal Trades Can Be Dangerous
Join us as we explore these key insights to empower you in your trading journey and enhance your decision-making process.

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#TradingAccountability #SelfEmployedTrader #RiskManagement #CapitalPreservation #TradingPsychology #Investment #TradingTips #TradeSmart #ComLucro #TradingDiscipline #AvoidingLosses

Legenda:

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You know, one of the great benefits of being a 
trader is that we're own boss. We work from home,  

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and for the most part, we answer to nobody. 
It's really everybody's dream job. But,  

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you know, on the flip side, there's nobody 
there to hold us accountable. So let's  

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say we all were to work for a company. It 
doesn't matter whether it's big or small.

00:00:15,960 --> 00:00:20,600
And 2 to 3 times a year we bend the rules 
or 2 to 3 times a year. We just make that  

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same mistake over and over again. And 
we cost this company tens of thousands  

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or possibly hundreds of thousands of dollars. 
What would that company say to you? You know,  

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most likely you'd be out of a 
job. That's why it's so important.

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As self-employed individuals, traders, 
we hold ourselves accountable for our  

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actions. Now I have a trader. I realize 
the most important thing I can do on a  

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daily basis is preserve my capital. Take an 
excessive risk taking on marginal trades or  

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adding to losing trades is an 
easy way for losses to add up.

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