The core theme is that successful trading hinges on a mindset shift towards "trading in the now," focusing solely on the present moment to make objective decisions, rather than being influenced by past mistakes or future anxieties.
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How many of you have lost on a setup
because you were worrying about a
mistake that you made yesterday? Or how
many of you have stressed about an
outcome that is not even existent and
that fears made you trade completely
differently? This is all going to end
today because I'm going to provide a
mindset shift that's going to completely
change your trading if you listen to it
and you implement this advice. This is
not about discipline. This is not about
risk management. This is trading in the
now and trading in the present moment
because all our answers are going to be
in the present moment. Now what I mean
by this is a lot of traders start
fearing past mistakes. I made a mistake
yesterday. I made a mistake last week.
And these mistakes live rentree in their
head. They continue to replay this event
and simulate a mistake and think they're
going to make the same mistake over and
over. If we live in the past, it's just
going to affect what we have going on
right now. Think about this. The past is
over with. We don't want it back. We
can't get it back. It's history. Let it
stay there and let's focus on right now.
And a lot of traders worry about the
future. They're stressing out if this
trade's going to work out in the next
few minutes. Or they're worrying if they
don't take a setup right now, they may
miss it and not might not even provide
an opportunity in the next few minutes.
And they get FOMO into a move and they
chase something when really not an
opportunity is there.
The best moment is the present moment.
Every answer in the market relies on
what's going on right now. Every mistake
in the past was once the present and
everything that's going to occur in the
future at that moment in the future is
going to be the present moment when
we're aware of it. Your last trade does
not matter. The trade that you're going
to take tomorrow does not matter. What
matters is the trade that we have right
in front of us right now at this exact
moment. There's a quote that I read that
says, "If your mind carries the burden
of past mistakes, you're going to
continue to relive the same mistakes
over and over until they become an
embodied experience." Your painful
suffering and your frustration and your
anxiety is going to end in the market
once you stop trying to resist what is.
A lot of traders resist. Am I going to
lose on this setup? Am I going to make
money on this setup? and they're
resisting what's going on right now
because they are worrying about the past
or they're anxious about a future
outcome that is non-existent yet.
Suffering will end in the market and all
these mental pains or the mental
frustrations or the anxiety and the fear
and the even the greed is going to end
when you stop resisting an outcome that
is non-existent yet. If you keep
carrying your past losses into today,
you're going to continue making those
same past losses and continue making
those mistakes. Release the past. Accept
the losses. And this is the way I look
at the market. Losses are an essential
part of our trading because losses
provide data. Losses are not always
failures if we learn something out of
the market. I have a quote that I say in
my community that's like the greatest
risk is no risk. And having no risk on a
trade is worse if we create a plan for a
setup and not take it because we're
hesitating to accept the risk. And when
we're eventually right on the trade,
that's worse of a feeling than it is to
lose on the setup. Any action is better
than no action. Especially if you're in
a spot in your trading where you're
hesitating to enter, you're fearful of
losing, and you're just scared to have
risk on. Any action is better than no
action. And execution is going to beat
hesitation every single time. You're
going to learn more about taking a
setup, whether it's a win or loss, than
you would if you just didn't take a
setup. You're not going to learn much
out of that. I don't care about time.
I'm not worrying about what happened
yesterday. I'm not worrying about if
this market's going to move in the next
three hours. Time dissolves in the flow.
When you're thinking presently, time
starts to slow down because you're
focusing on the market right now. Now,
what I mean about time dissolving in the
flow is a lot of traders start staring
at their P&L and these thoughts become
intrusive in their head. Oh, I'm up 500
bucks. Now I'm down 200 bucks. I'm up
a,000 bucks. Let me take it. And then it
goes up $5,000. And these fluctuations
in our head start making us irrational
decisions. When you're truly present,
the market will slow down. When you're
truly present, clarity appears. Clarity
comes in the present moment because the
market provides answers in the present
moment. Whether we're not seeing
something, that's an answer in itself.
Or if we're seeing an opportunity and
seeing a setup, then we get that in the
present moment. Present moment makes
distractions disappear and clarity
appear in terms of opportunities and
setups that we're looking to put risk on
with. And the big one here is detachment
from the ego and detachment from your
feelings. If anybody ever trades and
starts feeling anxious, they start
sweating, they start kicking their feet
under their desk and you know you're
about to make an emotional decision,
start observing that from outside of
your body. Start saying, "Hey, Carmine,
I'm feeling a little anxious about this
setup and I'm observing my emotions."
The problem is is we become so attached
to our emotions that we let the emotions
make the decisions for us. But if we
know we're in a scenario where our
emotions are flared and the only way
we're going to get to this is if we're
thinking presently, then we become an
observer of our emotions and our
emotions are not going to make the
conscious decision for us anymore. So
the edge in the market is not
eliminating our fear and greed. It's not
saying, "Oh, I feel these emotions. Let
me not trade it." It's feeling these
emotions and observing it and not
letting those decision not letting those
emotions make the decisions for us
because we are observing them. So if
anybody ever feels these emotions, take
a step back, think presently, hey, I'm
feeling this right now. Why am I feeling
this? And then don't let those emotions
make the decisions for us. It's not
eliminating them. It's just simply
observing them. And trading is not about
predicting the future. It's about acting
and reacting to what's happening right
now. So, if we can forget about the
past, stop worrying about the future and
trade what's happening right now, it's
going to give us all the answers in
terms of our risk management, in terms
of our setups and opportunities, and in
terms of our discipline. If we can do
this, I'm very, very confident you all
will be a much better trader. And this
is a very important video to save and
bookmark and always reference back to if
you feel like you need some help
psychologically in your trading. If
you're new here, hit that subscribe
button. Drop a like on this video if you
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