0:01 If your trading has you questioning
0:04 whether you should continue, if you're
0:06 struggling, if you're unprofitable, if
0:08 you're losing money, if you feel like
0:11 quitting, then this video is for you.
0:14 Trading is a big you versus you game.
0:16 It's an internal battle with the
0:18 thoughts that go on in our head. So, for
0:21 us to start seeing any success, we have
0:23 to conquer the inner dialogue that is
0:26 constantly talking in our own minds. And
0:27 in this video, I'm going to give you all
0:29 a few different quotes that I came up
0:30 with. I'm going to break down each
0:32 quote. That way, if you implement the
0:35 advice I'm going to provide, I'm very
0:36 confident you're going to see a major
0:38 difference in your trading. The first
0:40 quote is you have to go through it to
0:42 get through it. Losses, draw down,
0:44 losing streaks, frustration,
0:47 disappointment, taking bad trades,
0:48 feeling like you want to quit. This is
0:51 all part of the process. You have to go
0:53 through it to get through it. You're not
0:55 a bad trader if you're struggling right
0:57 now. Every trader when they first
0:59 started out has gone through a problem
1:01 that made them feel like quitting. The
1:04 best traders have to go through it in
1:06 order to get through it. This period of
1:09 frustration, disappointment, anxiety,
1:11 draw down, losses, feeling like you want
1:13 to quit is more concerning if you don't
1:16 go through that and you skip that stage
1:18 because these stages will provide the
1:20 greatest foundation and the greatest
1:21 lessons that are just going to amplify
1:23 your trading results. It doesn't mean
1:26 you're a bad trader. We all have this
1:28 phase. But the best traders go through
1:30 it and when they get through it, they
1:31 see a complete difference in their
1:34 trading. And this is so crucial for
1:36 anybody that is not seeing any light
1:38 through the tunnel right now. It's
1:41 coming. Focus on the process and know
1:43 you have to go through this in order to
1:44 get through it. The next quote is that
1:47 there are no missed opportunities if we
1:50 did not have a plan to trade it. Trading
1:53 is not chasing every move. Trading is
1:56 not trading the market moving up or down
1:58 for the sake of it being open. The
2:00 market moving in a direction is not a
2:02 valid reason to put a trade on. What
2:04 happens is, and this is human nature,
2:06 the market's open, numbers are flashing,
2:09 colors green, red are on our screens,
2:11 and we instantly think we need to act
2:13 because we're seeing a lot of movement
2:16 in terms of the colors on our charts or
2:18 the numbers of our P&L going up and
2:21 down. When we stop chasing and we let
2:23 the market come to us, this is when
2:25 we're going to see the market a lot
2:27 clearer. Chasing every move in the
2:29 market is just going to create stress.
2:31 It's going to create opportunities that
2:33 we should not be taking. And I look at
2:36 the market as my job is to not catch
2:38 every single move. If it's open, my job
2:41 is not to trade it. My job is to look
2:43 for my opportunities. And when I see an
2:46 opportunity, that's when I act. So if
2:47 the market moves without me and I did
2:49 not have a plan to trade it, that means
2:52 I didn't see an opportunity. And when we
2:54 compare ourselves to others, we see
2:56 other people making money, we look in
2:57 other chat rooms, we see it on social
3:00 media, then we get this comparison and
3:03 we start questioning how come he saw
3:05 that opportunity but I didn't.
3:06 Everybody's going to define
3:08 opportunities different. If we have an
3:10 opportunity, we trade it. But I never
3:13 look at me missing a move if I did not
3:16 have a plan for it. Stop chasing and let
3:18 the market come to you. Focus on your
3:20 own process and your own system. And
3:22 this is going to bring me into my next
3:25 point, which knowing when not to trade,
3:26 I think, is more important than knowing
3:29 when to trade. Because if we know when
3:31 not to trade, our setups that we should
3:34 be taking are going to stand out.
3:36 They're going to be an outlier. They're
3:37 going to be more visible. They're going
3:39 to be more obvious in front of our
3:42 faces. So, knowing when not to trade, in
3:44 my opinion, if you can clean up your
3:45 trading, and I say I tell members in the
3:47 investor trade community this all the
3:50 time, is everybody in there has all the
3:51 tools, they have all the knowledge, they
3:54 have all the lessons to be successful.
3:56 They have all the playbooks, they have
3:58 my rules set, they have every type of
4:00 information needed to have success. But
4:02 knowing when not to trade is what will
4:04 make the difference. You can have all
4:06 the knowledge in the markets. You could
4:07 have all the knowledge about the best
4:09 systems, the best playbooks, but if
4:11 you're taking these irrelevant setups
4:14 off of forced trades by you chasing the
4:17 market, knowing when not to trade is way
4:18 more important than knowing when to
4:21 trade. Trying to find the holy grail or
4:23 a new trading strategy is not going to
4:26 fix any execution issues. Execution
4:29 comes from consistently repeating the
4:33 same trades over and over again, week by
4:35 week, month by month. And that's when
4:37 trading gets very boring. It's me
4:38 sitting in front of my computers, right?
4:40 The market may be moving. Even the day
4:42 I'm recording this video, the market
4:44 absolutely tanked. And I did not
4:46 participate on that market moving down
4:48 because I didn't see any setups and I
4:49 didn't have any playbooks and I didn't
4:52 find opportunity there. But instead, I
4:54 waited. It was very boring seeing the
4:55 market move down and seeing other
4:58 traders make money. But again, never
5:00 compare. Never look at other traders.
5:02 Focus on your own process. And I waited
5:04 and waited and waited and I took a very
5:06 late afternoon long setup and catching
5:08 the mer the market to the reversal to
5:10 the upside as that was part of my
5:12 system. My system didn't call for the
5:14 market selling off but my system called
5:16 for the market bouncing. And yes, I may
5:18 have missed a downside move that was
5:20 easy money classified by a lot of
5:23 traders. But when my setup appeared, I
5:24 took it without hesitating because I
5:26 didn't chase and I knew this was my
5:29 opportunity based off my edge that's
5:30 going to give me my positive expectancy
5:33 over the long run. This discipline is
5:36 crucial. You need to instill this
5:38 consciously that you do not need to
5:40 trade every single move. You need to
5:42 take the trades that are based off your
5:43 system. Anything else that is not part
5:45 of your system is a trade that you
5:47 should not be taking. Knowing when not
5:49 to trade is more important than knowing
5:51 when to trade. Now, as a trader, we
5:53 don't need to be perfect. Our job as
5:57 traders is to be imperfectly perfect.
5:58 We're not going to catch every single
6:00 move from the bottom to the high. We're
6:02 not going to get the best price possible
6:04 and sell at the highest price possible.
6:06 We're going to adjust our plan on the
6:08 fly, and that that might not be the
6:10 right decision. Or maybe we're going to
6:11 sell early to play a little bit more of
6:14 a defensive mode, and then the market
6:16 does exactly what we want it to do. What
6:18 we have control over is following our
6:20 plan and managing our risk. And being a
6:23 perfect trader means just that. Follow
6:26 our plan and manage our risk while
6:28 repeating our system. When we try to be
6:30 a perfect trader, meaning we try to
6:32 catch every move, we try to catch from
6:35 the low to the high. We recognize a
6:38 mistake and that eats at us and it kills
6:40 us and it affects our future trades.
6:42 Everything in the market comes down to
6:45 repeatability. Repeatability brings
6:47 consistency. Consistency is going to
6:50 build profitability. So everything comes
6:52 down to repeating things. What are
6:54 things that we can repeat? We can repeat
6:56 following our plan and managing our
6:58 risk. And if we do this, we are
7:01 classified as a perfect trader. And that
7:02 is what we should strive for in being
7:05 perfect. Being perfect is not defined by
7:07 catching every market's move when it's
7:09 moving up or down and trading every
7:11 single day. Now, despite us being
7:13 perfect by following our plan and
7:15 managing our risk, we're still going to
7:16 have losses along the way. Losses are
7:18 just completely inevitable. Nobody could
7:20 avoid them. In fact, I lose more than I
7:23 win. Yet, I still come out green. Now, I
7:26 look at the market as a loss isn't a
7:29 failure if we learn something from that.
7:32 Losses will be the greatest wins. It may
7:34 not be a monetary win losing money, but
7:36 it'll be a greatest win because losses
7:39 provide feedback. If it wasn't for my
7:42 losses, I wouldn't know what not to do.
7:44 If it wasn't for me blowing up accounts
7:45 when I first started, if it wasn't for
7:49 me losing when market conditions change,
7:51 I wouldn't know how to adjust and adapt
7:53 properly. Losses, you can consider
7:56 tuition, but losses also provide
7:59 feedback that will provide wins in the
8:02 future if we can use them as an
8:05 information piece to adjust and adapt
8:07 properly. Maybe I'm not adjusting proper
8:09 to market conditions. Maybe my stop
8:10 losses are too tight. Well, I take a
8:13 setup, I lose on it, and that loss just
8:16 now made me realize that I need to have
8:18 wider stop losses. I'm just spitting out
8:20 a random example here. Losses provide
8:23 feedback. The issue here is that after a
8:26 loss, traders shut down. They take a
8:28 loss, they take two losses, and they go
8:30 completely emotional. They shut down
8:32 their computer, they slam their desk.
8:33 How many of you have ever gone through
8:35 this? You slam your desk, you slam your
8:37 door when you walk out of the office.
8:39 That frustration builds and it never
8:42 enables us to learn from our losses. The
8:44 greatest traders can look at their
8:46 losses and say, "All right, this is
8:47 where I messed up. This is where I need
8:50 to improve on." Losses provide data.
8:52 Losses provide information. The best
8:55 traders become very good losers. The
8:57 best winners have to become really good
9:00 losers. And if you can take a loss,
9:02 learn from it, right? I losses stink.
9:04 Nobody likes taking them. But if I
9:05 followed my system and I followed my
9:08 plan and I managed my risk properly, as
9:10 as easy it is for me to say it sucks
9:13 losing, but you enjoy losing a little
9:15 better when you follow your plan and you
9:17 manage your risk properly because you
9:18 know it's inevitable. You know every
9:20 trade you're going to take is not always
9:21 going to be a win. So when you have the
9:23 system and you follow it and you take a
9:25 loss from it, it helps make losing
9:27 become a little easier, I guess you
9:29 could say. versus if I act emotionally
9:31 when I enter without a plan and I lose
9:33 on it, that's the most frustrating loss.
9:35 So losses are part of the game. They
9:38 don't define you. But how you build from
9:40 your losses, it's going to make a
9:41 complete difference in your trading. A
9:43 loss only becomes a failure if you don't
9:46 learn from it. A loss could be a win if
9:48 you take an important lesson out of it.
9:50 Trading can change your life if you
9:53 stick with it and you never give up when
9:55 things get tough. It's an emotional
9:57 battle. There's still some days to this
10:00 day where I get very emotional. I get
10:03 very frustrated in my own decisions. And
10:06 the best traders will never give up.
10:09 Just know that the possibilities are
10:11 endless. The opportunities are infinite.
10:13 There's so many opportunities that can
10:15 come from the market. It changed my life
10:17 and I'm very confident it could change
10:20 your life. Never compare yourself. Focus
10:23 on your own process and your own journey
10:26 and never compare. It is a skill that we
10:28 will never master. We will only just get
10:31 better at. I get better week after week,
10:33 month after month, year after year. I
10:35 never consider myself making it or I
10:37 never consider myself, you know, to to
10:39 master this profession. It's a constant
10:41 journey of self-improvement. It's a
10:43 constant journey of oneupping ourselves
10:46 and it's a constant journey of adapting,
10:48 tweaking, and adjusting. Just know that
10:50 the possibilities are endless. And when
10:52 you want to give up, that means you are
10:54 very close to your breakthrough. Never
10:57 give up. Never throw in the towel. Just
10:58 use it to wipe your sweat off. When
11:00 things get tough, when you get
11:02 frustrated, when you get angry and you
11:04 start sweating and you start fearing or
11:05 questioning your ability to make this as
11:08 a trader, take the towel, never throw it
11:10 in. Just use it to wipe the sweat off
11:13 and focus on the process. The
11:14 possibilities are endless. Again, it
11:16 changed my life. I'm very confident
11:18 everybody watching this has the ability.
11:20 you have the knowledge and you have all
11:23 the resources to be successful and take
11:25 money out of the markets on a consistent
11:27 basis. If you liked this video, kind of
11:29 just like a raw talk of me just spitting
11:31 out whatever comes to my mind, let me
11:33 know in the comments. Drop a like on
11:34 this video if you learned anything and
11:36 check out the links in the description
11:38 of this video. But other than that, I'm
