Charles Schwartz
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Podcast Appearances
If you're at the point where you're freaking out on that level, don't do it.
100%. People don't understand that. They live in their demo trades, which is great. It's fun to play there and you can do it. The minute you get out of your demo trade, I remember I did this with Forex. I was like, I'm going to learn Forex. I'm going to trade Forex. It's going to be great. I made fortunes in Forex in a demo account. Then I went live. I was like, okay, this is a different ballgame.
100%. People don't understand that. They live in their demo trades, which is great. It's fun to play there and you can do it. The minute you get out of your demo trade, I remember I did this with Forex. I was like, I'm going to learn Forex. I'm going to trade Forex. It's going to be great. I made fortunes in Forex in a demo account. Then I went live. I was like, okay, this is a different ballgame.
100%. People don't understand that. They live in their demo trades, which is great. It's fun to play there and you can do it. The minute you get out of your demo trade, I remember I did this with Forex. I was like, I'm going to learn Forex. I'm going to trade Forex. It's going to be great. I made fortunes in Forex in a demo account. Then I went live. I was like, okay, this is a different ballgame.
Same thing, same charts, same environment, but since it was real and I had to pin out of the grenade, I couldn't function anymore. It is what it is.
Same thing, same charts, same environment, but since it was real and I had to pin out of the grenade, I couldn't function anymore. It is what it is.
Same thing, same charts, same environment, but since it was real and I had to pin out of the grenade, I couldn't function anymore. It is what it is.
And I learned that my risk came on to your point of looking back and forth. If I could understand how a road works, of what car was going to hit me or not going to hit me, I can invest in it. So I only invest in things that I understand. And regrettably, when I look at stocks or options or puts or calls or Forex or any of that,
And I learned that my risk came on to your point of looking back and forth. If I could understand how a road works, of what car was going to hit me or not going to hit me, I can invest in it. So I only invest in things that I understand. And regrettably, when I look at stocks or options or puts or calls or Forex or any of that,
And I learned that my risk came on to your point of looking back and forth. If I could understand how a road works, of what car was going to hit me or not going to hit me, I can invest in it. So I only invest in things that I understand. And regrettably, when I look at stocks or options or puts or calls or Forex or any of that,
I don't fully understand how much of it is self-fulfilled prophecy, which people are like, oh, it's Fibonacci, so it's going to go here and therefore it's going to do this. And they do that versus how much is actually happening versus what happens when a certain politician says something and then things change radically as well.
I don't fully understand how much of it is self-fulfilled prophecy, which people are like, oh, it's Fibonacci, so it's going to go here and therefore it's going to do this. And they do that versus how much is actually happening versus what happens when a certain politician says something and then things change radically as well.
I don't fully understand how much of it is self-fulfilled prophecy, which people are like, oh, it's Fibonacci, so it's going to go here and therefore it's going to do this. And they do that versus how much is actually happening versus what happens when a certain politician says something and then things change radically as well.
So for me, not having that, I only invest in things that I understand. Eine der Dinge, die ich nicht so gut verstehe, wie du es machst, ist, Unternehmen zu wachsen. Und du hast es auf einem wirklich beeindruckenden Niveau gemacht. Und du bist durchgekommen und du hast Dinge gemacht, die ein bisschen wie Gibson in den Grand Slam oder in den Home Run gespielt haben. Es ist wild, was du gemacht hast.
So for me, not having that, I only invest in things that I understand. Eine der Dinge, die ich nicht so gut verstehe, wie du es machst, ist, Unternehmen zu wachsen. Und du hast es auf einem wirklich beeindruckenden Niveau gemacht. Und du bist durchgekommen und du hast Dinge gemacht, die ein bisschen wie Gibson in den Grand Slam oder in den Home Run gespielt haben. Es ist wild, was du gemacht hast.
So for me, not having that, I only invest in things that I understand. Eine der Dinge, die ich nicht so gut verstehe, wie du es machst, ist, Unternehmen zu wachsen. Und du hast es auf einem wirklich beeindruckenden Niveau gemacht. Und du bist durchgekommen und du hast Dinge gemacht, die ein bisschen wie Gibson in den Grand Slam oder in den Home Run gespielt haben. Es ist wild, was du gemacht hast.
Es ist wirklich, wirklich beeindruckend. Thank you. What are some of the things that you've done, and you talked about it, and I love that you brought this up, and as hard as I pushed you on the opposite way, you immediately went back to the truth, which is, it's not just me.
Es ist wirklich, wirklich beeindruckend. Thank you. What are some of the things that you've done, and you talked about it, and I love that you brought this up, and as hard as I pushed you on the opposite way, you immediately went back to the truth, which is, it's not just me.
Es ist wirklich, wirklich beeindruckend. Thank you. What are some of the things that you've done, and you talked about it, and I love that you brought this up, and as hard as I pushed you on the opposite way, you immediately went back to the truth, which is, it's not just me.
You have to hire a team, you have to be surrounded by people that you like working with, that you're connected with, or you're doing something fun, where you treat them like family. But there's a lot of people who immediately want to go into systematizing and not understanding that you have to build culture, and you have to build all those other things along the way.