Here's my second one that seems to be doing all right.

2 things

1 the palm should not be growing in standing water. Let the pot dry out before watering.

2 the light green color might indicate a magnesium deficiency so feed with some epson salt

I'm guessing based on the look of the standing water, that you either used clay like soil straight from the ground or some really cheap bag-based "topsoil". Potted plants need to have light, loose, well draining potting mixes. I like Pro-mix and Metro-Mix , but Metro-mix tends to be more expensive. Miracle-Gro makes a pretty good product that's cheap, but I'm organic, so I no longer use it.

Standing water is really terrible. Looks like the soil is all clay and has no drainage.

As above. It is goin to die sooner rather than later if left sitting in that mud bath. Transplant ASAP into a soil that has drainage.

I'd have to agree, Golden Canes are more drought proof than they are flood proof.