Consistent long-term trading success and account scaling are achieved by transitioning from discretionary trading to a highly mechanical strategy that eliminates emotional decision-making and relies on objective criteria and proven data.
Mind Map
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this is the only way that you're not
just going to get funded but actually be
able to keep your account scale it and
just frankly be able to trade
consistently long term hi I'm Matt Don
leevy and I am the founder of photon
trading and we have now helped countless
Traders do exactly that by helping them
not just acquire funding but actually
scale their accounts long term by
implementing this exact week I'm about
to show you so you want to get funded or
you know at least become consistently
profitable right but when you get to the
end of the month what you you see is you
know you look back and your strategy
probably performed quite well but your
results are down here and until you
close that Gap you're never really going
to find consistency or actually get
anywhere with your trading so how do we
do that well that's exactly what I'm
going to show you here today and don't
worry I'm not going to you just give you
some mindset hack and just tell you you
just got to be more patient bro you just
got to be more disciplined because look
whilst that's true I'm going to give you
something practical that you can
Implement today make the exact change to
strategy and actually start minimizing
that Gap long term and start making
gains so
back when I continuously had that
performance discrepancy in my trading
it's because I was either losing Larry
or hind at Harry I was always both
basically in my trading because when
you're losing Larry it's when you're
thinking oh you know should I buy or
should I sell or when you're in a trade
should I hold on to the trade what
should I do should I get out and so
afterwards once price actions played out
right that you're then hindsight Harry
you're think I knew I should have bought
there it was just obvious of course I
should have showed there or of course I
should have held the trade like why did
I get out right and just always look in
hindsight right hindsight vision is 2020
as they say and you're just constantly
oscillating between being in
decisiveness right having that in
decisiveness before you enter a trade
and then swinging up the other way and
having regret when you're looking back
in hindsight but we don't want to be
doing that right we don't want to be
constantly fluctuating between those two
poles like a pendulum we want to be bang
at the top we want to be centered and we
want to have clear objectivity okay we
want to get rid of swaying between those
two emotions in decisiveness and regret
because down there is where the masses
are right that's where the losing 90% of
Traders are but the Masters would are
they doing where's the top winning 10%
well they are extremely objective do you
think when you are consistently
profitable you're having all of these NS
and doubts before you enter a trade or
you know always constantly having regret
and hindsight after trade no you always
know that you made the right decision
because you followed what you need to do
right you have that objective Clarity so
how do we get there because you don't
want to be a hindsight Trader for the
rest of your life thinking just next
week I'll get it next week I'll do it
next month next I'm being there right
don't keep spinning your wheels you just
you're never going to get there
otherwise right so
if you want unwavering certainty when
you approach the markets every day well
by unwavering certainty I do not mean
that you're going to certainly win every
trade I just mean that you have
unwavering certainty that you made the
right decision right how do you get that
how can you be 100% certain that you're
making the correct decision ahead of
time right none of this hindsight stuff
well there are two types of trading
strategies and the first is the
discretionary system so obviously from
the moment of looking at a chart
starting analysis all the way through to
actually executing and making those
Trading know management decisions
there's a lot of decisions you have to
make in between right but if you're very
discretionary there's going to be a lot
of question marks there where you kind
of know what you're doing you sort of
have this style you do a little bit of
here and there but like sometimes you do
it that way sometimes you use that time
frame sometimes you use this EMA
sometimes you use that type of zone
right it's too discretionary and the
more discretion you have the higher the
chance you have of making those
emotional Stakes because there's a lot
of room for self-doubt and hesitation to
creep in okay when you have that so if
you can replace as many of those steps
with objective criteria what do you
think is going to happen as that
discretion comes down your chances of
making those emotional mistakes are
going to drastically reduce so that's
why we have the second type of trading
strategy which is a mechanical strategy
okay and it's literally as simple as if
this happens you do this and if that
happens you do that right there's no if
buts and Mayes you just follow it
literally like a flow diagram um almost
the point where you could code it into a
computer to do it right so you either do
it or you don't do it the system tells
you what to do not your own gut instinct
because if you think about the market as
a game like Pac-Man hopefully some of
you guys know that but yeah essentially
markets are the ultimate freedom of
expression right you can do whatever you
want you can buy you can sell you can
trade any asset class you can risk this
much you can risk that much um you know
you could use any strategy you want
right you get the idea it's it's
completely down to you and to get from A
to B you could go a million different
ways right there's a million different
ways to make a million dollars in the
market but what we want to do is we want
to have very very clear strategies where
instead of being able to go way whatever
you want and change it up every single
time instead you just take the exact
same path and you can only take that
path and if you get halfway down the
path and the next step isn't there well
then you stop you cannot proceed because
that is not part of your strategy okay
because if you compare two Traders one
who has that clearcut know with buts or
maybe strategy mechanical strategy
versus someone who's quite discretionary
right they've got a bit of a style you
know they sort of trade this way they
sort of use that pattern or whatever but
there's a lot of room for like you know
adjusting in there and making different
decisions when
inevitably those Traders eventually take
some losses okay in this instance for
losses how do they know if those losses
are a part of their probability model or
are they bad trades that simply could
have been avoided right well how do you
know that well as Traders we know that
we are dealing with something called
random distribution okay it's just a
fancy word for essentially saying we
don't know the order and the sequence in
which our wins and losses are going to
occur right quick example is if you had
a 60% win rate a lot of people kind of
think oh yeah I'll probably have about
six wins and I probably have about four
losses right and that would be easy to
deal with if they happen in that order
but it's markets individual trades are
random and unfortunately sometimes you
have two or three losses in a row then
one loss then one win and that constant
unpredictability is what twists so many
people's minds but as we know over a
large number a large number of Trades
your Edge should come through to your
expected value now one little mindset
thing I will talk about and I said I
wouldn't at the start is consistently
profitable Traders have two layers of
beliefs that contradict each other but
you need to have them both and that is
on the micro level right so looking at
an individual trade completely uncertain
completely unpredictability predictable
you have no idea if it's going to be a
winning or losing trade right because of
random distribution but on the macro
level right there is actually a relative
certainty and predictability over that
large series of Trades okay and
profitable Traders can hold on to both
of those conflicting beliefs that it's
random in the short term but essentially
predictable and somewhat consistent in
the long term okay and that's why you do
not need to know what's going to happen
next to be consistently profitable okay
happy day is fine so that means I take a
loss it's okay
but if you have that discretionary style
and you take four losses again how do
you know oh yeah that is part of my Edge
it's just the cost of doing business
it's fine I keep executing or if you're
like well actually it wasn't really a
trade I should have taken I'm going to
you know that's when the doubt
hesitation comes in and then you're not
so sure okay so you need to eliminate
the variable that is you and the only
way to do that is to be able to have
those exact decisions that you can look
back and manage did you do everything
did you tickle every box in your plan
and did you do it the right way okay
quickly to put some numbers on it you
got those two Traders mechanical and
discretionary both take those four
losses quick maths both down minus 4%
right I don't know what I was doing
there but yeah down 4% so mechanical guy
he doesn't worry right because he looks
back knows that he made all the right
decisions doesn't have that fear and
hesitation so what does he do he just
executes because it's the right thing he
knows he made the right decisions he's
consistently profitable and he can make
consistent actions but but the
discretionary person they're doubting
they're hesitating they're sweating they
don't know if they made the right
decision so they hesitate out of fear
they don't want to take a fifth loss
they don't take the trade and what they
see they see their strategy should have
played out they should have been in it
so they go okay they get a little bit of
confidence they take their next trade
and now they get a plus 2% trade but
when you get to the end of that sequence
where it's a week or a month or whatever
just by missing that one trade right the
mechanical person's on plus three the
discretionary person is on minus two and
it's that difference that makes all the
difference because over the long run the
mechanical person is going to keep
consistently executing and getting
consistent results and the person that
has that hesitation only takes one bit
of hesitation to just keep you in that
cycle and make you doing the break even
dance okay because hesitation kills
Traders now no one likes losing trades
but imagine a world in which you did
enjoy your losses well how can it happen
well when you realize that you've made
the right decision and you understand
random distribution then you know that
every time you take a loss it's just one
step closer to your next profitable run
of trades right it's as simple as that
but before I had that mechanical
framework behind me right for years what
would happen is I would take a loss then
I would kind of doubt and hesitate I
would find every excuse Under the Sun to
realize that it probably wasn't a trade
I should have taken so then when you
doubt and hesitate and you're fearful
you skip the next trade and then you
obviously it always ends up being the
winning trade that you skip right so
then naturally you get fomo you Revenge
trade you rush into a trade that you
shouldn't have taken you take another
loss and then you're just stuck in that
Loop spinning your wheels and people do
this for years and some Unfortunately
they never break out of it and and they
just give up which is a shame because
you can change this Implement a chical
framework because if you don't have that
proven defined Edge that's the root
cause of nearly all of your problems
probably if you're watching this now
what do I mean by a proven defined Edge
well would you play poker if you
couldn't see your cards would you put
all those chips in and bet your own
money your hard own money if you had no
idea what your hand was well Traders are
betting on hands when they don't even
know what cards they're holding right
you're literally taking trades and
setups we have no idea what your Edge is
what are the numbers behind your trades
what is your strike rate what's your
expected you know profit expectancy you
have no idea so of course if you don't
know what you're going to be betting on
your emotions are going to be through
the roof and you're going to be so
inconsistent with your decision- making
so discretionary training is so tough in
your psychology like when you're doing
this at scale and you're trying to trade
big money do you really want to be
betting when you have you don't know
your proven defined Edge right it's very
easy to second guess those decisions and
then it's extremely hard to go and
accurately back test and Jour strategy
because it's too l
right you can cheat yourself in your
backst you can say could I would have
taken that or no I wouldn't have taken
that but then subconsciously you know
deep down that then when you go to live
market you don't really have the faith
in what you're doing because you don't
have the data behind it that you trust
okay now the part of success to trading
is simple it's not easy but it is simple
and what that requires is you get that
mechanical strategy you have a
mechanical framework that you can
repeatedly and consistently execute
because when you have that and you have
those things that you can then go and
proove your edge with hardcore data
because you will actually trust it
because you know that they are trades
that you will have definitely taken and
not kind of loose ones that you can kid
yourself that you wouldn't and when you
have that data that you trust that is
when you have that bulletproof mindset
okay we don't have to do all this
esoteric crazy mindset stuff you just
need data that you trust behind it will
make a Monumental difference to your
psychology and your confidence when
you're trading and when you have that
confidence what are you going to have
you're going to have consistent actions
and when you have consistent actions
that eventually leads to consistent
results results in the market you now
finally have cracked the code because
now you have something that you can
sustain right you can do this at scale
you can do this with big Capital because
of that work that you've done before
right because it makes logical sense and
then rocket emoji right off to the moon
and all that fun Jazz now in all
seriousness if you were given a million
dollars account today right and it was
the only money you're ever going to be
given this is your one chance are you
truly ready to trade it what I mean by
that is would you confidently risk 1% on
that account okay so would you risk 10
grand right now on the next trade with
your current strategy with your current
understanding with your current levels of
of
confidence probably a lot of you
wouldn't right and the hard C reality is
is you will never be able to scale and I
mean big numbers if you really want to
do this as a career you've got to be
thinking big okay and You' got to try
and imagine trading those numbers are
you going to be able to do that with
extreme confidence and Clarity that's
required to be able to execute at that
level right with that pressure even just
going for your funing challenges or
whatever it is and you've got family
friends down your back whatever just
wherever that pressure is coming from
even now before you're at that stage
right you need that Clarity and your
proven Edge okay because we want to go
from having that discretionary loose
style to having as mechanical as a
framework as we can have to stop swaying
between you know that indecisiveness and
regret hesitating before a trade and
regretting after and fomo getting that
death soup where we can be centered and
we're objective and we know exactly what
we need to do every single time
regardless of the outcome okay we have
that path we're not kind of just making
it up a little bit as we go along each
day sometimes doing this sometimes doing
that no we do the same thing every
single time and that's how you break out
of that break even dance or even worse
losing and we get that all nice
compounding curve that we are all
chasing okay now all trading strategies
fit somewhere along the scale where you
have completely discretionary all the
through to 100% mechanical where you can
literally code it okay now I personally
believe that the sweet spot if you are a
manual human Trader is around 70 to 90%
mechanical okay I believe that having
that little bit of room for discretion
actually gives us a bit of an edge over
algorithms right having our human
intuition when you're experienced and
when you've earned the right to do so
can actually help you just to know
sometimes when to kind of stay out or to
put your foot on the gas right and get a
little bit more aggressive and that
comes with time so I believe having a
little bit of room in there is actually
a good thing so look if you want
consistent results you just got to be
consistent in what you control can
control right I don't think probably
you're watching this any of us are right
yet at the biggest size to be able to
influence the market and move the market
that would be nice one day that would be
the goal but right now we can't do that
so we just have to be consistent in what
we can control which is our execution
our decisions and all that stuff right
so we just need to be a slave to our
strategy if our system tells us what to
do we do it okay so you don't need to
try and predict the markets and know
exactly what's going to happen next
which so many people try to do you just
need to try to be in the market every
time a high probability trade set up by
your plan is provided it you execute you
make the right decision you move on okay
so the golden question
how can you make your strategy
mechanical well I'm going to show you
exactly how to do that and I'm going to
show you my exact mechanical plan in the
next video here and show you actually
how to break through into consistency so
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