0:01 what's good welcome to boot camp day who
0:04 [ __ ] knows
0:05 um again in Miami recording for you guys
0:08 right before the the FX Summit actually
0:11 um so I'm gonna be you know chilling
0:13 here for
0:16 you know a little bit getting ready for
0:18 my day
0:19 um all the other guys are out getting
0:21 coffee I already did that you know first
0:23 one up first one up first one all right
0:26 first one up last one to bed after this
0:29 man they ain't waking up as early as me
0:31 they ain't staying up as late as me
0:35 anyways
0:36 um let's get into it today we're talking
0:39 about discipline and pretty much most of
0:43 today isn't going to be talking it's
0:45 going to be me kind of
0:47 telling you to do [ __ ] telling you to
0:49 write down stuff
0:50 um and it shouldn't be today really
0:53 shouldn't take long it's really about
0:55 identifying the problems that you know
0:57 that you have and then you know Finding
0:59 solutions for them so with that being
1:02 said pull out your [ __ ] notebooks and
1:03 if you don't have a notebook already
1:04 pull out your notes app and then go
1:07 drive to the store and get a notebook
1:09 that's part of your homework go grab a
1:10 notebook if you you know that means you
1:12 already failed [ __ ] day two's
1:14 homework which was to go get a notebook
1:16 or maybe that was even day one's uh
1:18 homework let's get a [ __ ] notebook
1:21 um so
1:23 we got to get that [ __ ] covered okay
1:26 so let's jump right into it okay we need
1:29 to know how to identify our issues damn
1:33 look at all that frizz we need to know
1:35 how to identify our issues and then
1:37 solve them because if we can identify
1:39 them that's that's one step in the right
1:41 direction but if we can't solve them or
1:43 if we can't make an attempt to fix them
1:44 then we're [ __ ] because we'll always
1:46 have that issue for the rest of for the
1:48 rest of our life okay so with that being
1:51 said you got your notebooks in front of
1:52 you write down the three biggest issues
1:56 you have with trading and guess what I'm
1:58 going to tell you right now it has
1:59 nothing to do with strategy so if you
2:01 were going to write down I can't find
2:02 order blocks well shut the [ __ ] up I'm
2:04 going to teach you how to do that
2:05 finding order blogs is the easiest [ __ ]
2:07 ever let's focus on the hardship the
2:10 discipline [ __ ] maybe maybe you have uh
2:12 maybe you have trouble with knowing when
2:15 to stop trading maybe you have trouble
2:17 over leveraging because you know like
2:19 you you risk like 10 of trade instead of
2:22 one percent because you think that still
2:23 sort of risk management and you're
2:25 losing a lot of money that's a problem
2:26 right do something related to risk
2:29 management do something related to
2:30 emotions do something related to
2:31 psychology not a [ __ ] [ __ ] ass
2:33 strategy okay so write down your three
2:36 biggest problems okay and now we're
2:39 going to talk about how we can come down
2:40 to the [ __ ] root of those problems
2:42 okay and figure figure it the [ __ ] out
2:45 okay so let's do that that first example
2:48 that I said
2:50 um maybe you know it's hard for you to
2:51 put the phone down it's hard for you to
2:52 walk away from from trading for the day
2:55 especially after you lose for the first
2:57 time okay so identify the problem
2:59 perfect we're done okay now figure out a
3:02 solution this is the hard part because
3:04 it's pretty easy to identify okay I have
3:06 this problem this problem this problem
3:08 but I don't know how to solve it okay so
3:10 hopefully we can figure that out all
3:12 right so
3:14 we need to find the base of the problem
3:16 okay why are you why do you place more
3:21 trades more trades more why do you why
3:25 do you place more trades than you're
3:28 supposed to
3:29 okay figure out the emotions that play
3:31 into that whether it's greed do you want
3:33 more money
3:34 whether it's you know being
3:37 um like
3:38 upset that you took a loss so you're
3:41 just Revenge trading you have a fear
3:43 whether it's you know you have a fear of
3:44 missing out on a trade because you think
3:46 this is a one-of-one trade that'll hit a
3:48 one to ten restore award ratio it won't
3:51 you'll probably lose on it especially if
3:53 it's a Revenge trade especially if it's
3:54 your second trade of the day and you
3:56 lost your first one you won't hit take
3:58 profit
3:59 just being honest
4:01 um okay uh find the base of it figure
4:05 out why
4:07 what emotion is causing you to press
4:10 that button again you know you know for
4:12 a fact that okay I'm taking too many
4:16 trades that I'm supposed to
4:18 why that is the question that you need
4:21 to be asking why am I doing it you
4:23 figure out okay well I'm doing it
4:25 because I want to make more money why do
4:27 I want to make more money what emotion
4:29 is driving that go down that pyramid
4:31 okay identify the problem
4:34 say why am I doing it what is my
4:37 reasoning
4:38 for executing or doing you know like
4:41 actually engaging with that problem why
4:44 do I do that
4:45 and then say okay what is causing me to
4:50 to feel the need to do that and then
4:53 from there boom you've identified it and
4:55 and once you've identified it that's
4:58 when we start working on it so whether
5:00 the emotions that you've outlined for
5:02 these three things are
5:04 greed whether it's overconfidence you
5:07 think every single one of your trades is
5:08 going to hit take profit and when it and
5:11 when it doesn't
5:12 you get really upset or you think that
5:15 the mark it was the Market's problem or
5:17 you blame it on someone else nope it's
5:19 not the Marcus problem the Market's
5:20 going to move how it moves the market
5:21 does not give no [ __ ] about you you it
5:24 is your fault every single mistake every
5:26 single issue every single problem that
5:28 you have in these markets every time you
5:29 lose money in these markets it's your
5:31 fault and your fault only and the sooner
5:33 you guys can identify that and
5:34 understand that the way better off
5:36 you'll be
5:37 you got me okay so hopefully you have
5:41 your three problems written down and
5:43 ideally you have it's problem one
5:46 why do I why do I do this and then you
5:50 have problem two why do I do this
5:51 problem three why do I do this and then
5:55 we can have stems going out of that you
5:58 know so the first problem I trade
6:02 um I trade more than I'm supposed to I
6:04 take
6:04 [ __ ] five trades a day and I'm and I
6:06 say I should only take one why am I
6:09 doing that because I want to make more
6:10 money
6:11 what is driving that thought process
6:13 what is wanting what is causing me to
6:16 want to make more money I have no money
6:18 get a job solution I have no money go
6:22 get a [ __ ] job working nine to five
6:25 no I'm dead ass like get some [ __ ]
6:27 money because having money and trading
6:29 gives you a sense of security if you are
6:31 trading and it's your only source of
6:34 income and you're not profitable you are
6:36 [ __ ]
6:36 you are pretty much relying on
6:38 inconsistent income completely
6:40 inconsistent income and you're living in
6:42 fear you're letting the money control
6:43 you
6:44 okay so why do you need why do you need
6:47 to make more money
6:49 because you're greedy because you need
6:50 it
6:53 that sounds like two [ __ ] two [ __ ]
6:55 branches that you need to you know
6:57 identify and find a solution to why do
6:59 you need why do you need more money you
7:01 got no bread perfect what's the solution
7:03 work sell [ __ ] make more and and guess
7:07 what you're not going to make it through
7:08 trading because this is the problem that
7:11 we're having we're taking too many
7:13 trades because you want to make more
7:15 money through trading and that's not the
7:18 Avenue you need to be going through
7:19 right now you need to be focusing on
7:20 learning how to trade
7:22 see see okay so
7:26 okay why do I want to make more money
7:28 I'm broke as [ __ ] cool get a job okay
7:31 why am I being greedy because everyone
7:33 loves money how do I how do I stop being
7:35 greedy
7:36 actually have money
7:38 what does that lead to get a job perfect
7:40 that's our solution okay what else what
7:42 else could what else could be something
7:44 a problem or an issue that people are
7:46 having
7:47 um that pertains to psychology people
7:50 getting out of Trades oh I get out of
7:52 Trades before I hit stop loss or before
7:54 it gets take profit because I get two in
7:55 my head
7:57 what's the problem we get out of Trades
7:59 too early why are we doing this we're
8:01 not confident in our analysis maybe
8:04 we're confused
8:06 okay so that shows fear
8:09 right what are the emotions that are
8:11 playing into that fear under confidence
8:13 which is essentially fear
8:16 okay maybe confusion lack of bias
8:20 and maybe just lack of knowledge all
8:22 five of those okay so how can you how
8:24 can you fix how can you fix fear
8:27 mate why are you scared because you're
8:29 probably dealing with real real money
8:30 live money that you can't handle you
8:33 can't handle that lot size
8:36 why are you why are you scared of losing
8:38 why are you cutting a trade before it
8:39 hits take profit why are you cutting a
8:41 trade before I hit stop loss if you
8:42 actually know your risk
8:44 right if you actually know your risk you
8:46 wouldn't be doing that
8:48 okay understand your risk solution one
8:51 maybe solution two you shouldn't even be
8:54 trading online because you don't know
8:55 how to trade yet
8:57 solution two you shouldn't even be
8:58 putting any money at risk maybe you
9:00 should go to demo perfect
9:02 solve both those problems risk less or
9:05 go to demo
9:07 or don't even less and just go to demo
9:09 it's as easy as that why are you why are
9:12 you scared probably because you need the
9:14 money for for that trade to hit
9:16 why do you need the money you're broke
9:18 get a job get a job go to demo
9:22 see how easy it is to find solutions to
9:24 your problems when you identify what the
9:27 problem is identify why we are why we
9:31 are you know doing this why we are
9:32 executing on these bad habits
9:35 and then say okay what emotions are
9:36 leading me to what are what emotions are
9:38 driving me to these bad habits and it's
9:41 it's not us saying this is my problem
9:44 how do I fix it it's saying this is my
9:46 problem this is the reason why this is
9:49 what's causing that reason why how do I
9:51 fix this stuff down here so pyramids up
9:54 and by fixing this stuff down here you
9:57 eliminate the chances of these little
10:00 emotions affecting other areas in your
10:04 life as well
10:05 [ __ ] five Birds one stone
10:08 okay by
10:09 killing emotions and by identifying
10:12 where and when you act on these bad
10:16 habits and on these bad emotions you'll
10:18 go real [ __ ] far okay so hopefully
10:22 you guys have your three problems if not
10:24 do this with all your [ __ ] problems
10:26 literally like keep this page empty in
10:28 your notebook right my biggest problems
10:30 with trading and once you fix these
10:32 problems never do again there's a great
10:35 quote um I don't know if Alex harmosi
10:38 said it but um I think he got the quote
10:40 from someone else because he loves
10:42 quoting people as well but he pretty
10:44 much said
10:46 if you have the best job in the world
10:49 right if you make the most money that
10:52 you could ever have you you live the
10:54 best life you have the best job that you
10:55 have ever had in your entire life and
10:58 you make a big mistake and your boss
11:01 comes in
11:02 and says you know what like I could fire
11:06 you right now but I'm not I just have to
11:10 make sure you will never make that
11:11 mistake again
11:13 what are you going to do you're going to
11:15 make sure that damn well you are never
11:18 going to make that mistake again same
11:20 applies for trading you need to
11:21 understand that this is a million dollar
11:23 job
11:24 you're not there yet but you have to
11:27 treat it like that
11:28 would I if I had [ __ ] 10 mil in my
11:32 training account
11:33 and I lose one trade and I know the
11:36 exact problem for it why wouldn't I want
11:37 to solve that problem
11:39 that's a couple extra you know hundred
11:41 thousand dollars that's like a couple
11:43 extra thousand dollars
11:45 that it could have made me that you know
11:47 solving that problem has made me and in
11:49 the future when I don't do those
11:51 problems when I don't have those
11:52 problems to deal with
11:54 guess what I'm winning those trades I'm
11:56 not losing
11:58 I'm not executing on bad habits I'm not
12:00 giving money away to the market for
12:03 stupid reasons
12:04 those mistakes those problems those
12:07 issues are eliminated
12:09 because I know
12:12 I know where it stems from and once you
12:14 can identify where it stems from and cut
12:16 it and stop it and find a solution from
12:19 the root of the issue
12:21 you're like it's literally like a plant
12:23 a lot of people say
12:25 okay yeah I trade to I trade too much I
12:28 over trade right they they try and they
12:30 try and solve this one
12:33 oh yeah I took five trades today I just
12:35 need to stop
12:38 it's hard to say yes I'm just going to
12:40 stop
12:42 it's hard it's because most people can't
12:44 do that right it's really hard to say
12:46 I'm just gonna stop because you can't
12:49 it's really hard to do that but instead
12:52 why don't we say I'm not gonna stop I'm
12:55 not going to you know not do something
12:57 how about we take action and find a
12:59 solution to the main issue right we're
13:02 we're snipping at leaves up here when we
13:05 can just take the base out throw it out
13:08 right why wouldn't we want to solve this
13:11 root issue
13:12 that could potentially stem out right
13:15 [ __ ] it's growing down here causing
13:17 more issues and more problems it's like
13:20 a fungus bro like you're the [ __ ]
13:22 lawn and the fungus like has its whole
13:25 network underneath and the minute you
13:27 start chopping up those nerves chopping
13:28 off those networks chopping off those
13:30 bad connections those bad habits
13:33 your shit's gonna be glowing your shit's
13:35 going to be gorgeous okay and that's
13:37 what we need to focus on okay so
13:39 literally dedicate this entire page to
13:41 any problems that you have with trading
13:44 and go through that thought process
13:46 what's my problem why is it a problem
13:49 why am I doing this and then what is
13:51 leading me to do that
13:54 what emotions are causing me to act
13:57 and then when you find those emotions
14:00 that's when it's real easy why am I
14:02 greedy I have no money why am I greedy I
14:04 want more money how can we make more
14:06 money how can we get money
14:07 get a [ __ ] job sell some [ __ ] maybe
14:10 you have designer clothes that you know
14:12 and if you're trying to if you if you
14:15 have if you have
14:17 if you have greed or or fear as an
14:21 emotion sell every piece of designer
14:23 clothing you have
14:25 because you clearly do not have enough
14:27 money to be trading which in turn means
14:30 you have definitely don't have enough
14:32 money to be having that [ __ ]
14:36 um and it's best if you sell it and wait
14:38 until you can actually reward yourself
14:40 and actually go buy 10 pieces instead of
14:43 one piece that's going to break your
14:44 bank
14:45 you know think about it that way reward
14:48 yourself when you actually get the work
14:49 done so sell that [ __ ] sell valuable
14:52 [ __ ] because guess what if you sell it
14:54 right now
14:56 it's gonna come out all right back it's
14:57 going to come back and guess what the
15:00 money that you get from selling that
15:01 it's putting you one step closer to
15:03 being able to buy it right back you need
15:06 to understand that okay let's identify
15:09 our problems identify the root of it and
15:11 kill it all right hopefully you guys
15:14 learned something from this I really
15:15 think this is a very beneficial video
15:17 that every single person should watch
15:20 um because this is how I've done problem
15:23 solving like my entire life my football
15:25 coach taught me this method and
15:28 it is yet to fail
15:30 um he was a big role model for me
15:33 um
15:34 he really like sets it straight
15:38 um with you know like understanding who
15:39 you are as a human because you know he
15:42 would always say they're they're very
15:43 bad people in this world and they all
15:45 act on the same emotions that me and you
15:47 have
15:48 you know but me and you just have
15:50 self-control me and you don't act on
15:53 those bad habits don't act on those bad
15:55 emotions
15:56 and it's true same thing with trading
15:58 right me and you are no different we
16:00 have the same strategy we we we're human
16:03 we have a [ __ ] brain
16:05 we're we're a level of playing field
16:07 what's the difference you still act on
16:10 these bad feelings on these bad habits
16:12 bro if you'd be you would be stupid to
16:15 say or to think that when I see myself
16:19 floating in 20 grand profit I'm not
16:21 thinking holy [ __ ] I could just close
16:23 this right now and buy my dad a Rolex
16:26 that's what I'm thinking I'm thinking
16:28 the same [ __ ] that you guys are I'm
16:30 thinking the same thing but guess what
16:31 the difference between me and you I
16:33 don't act
16:34 I don't act because I know that's an
16:36 emotion that I should not be playing off
16:37 of it's identity it's identifying the
16:39 emotions when they when they come up
16:42 and and actually noticing it and saying
16:45 nope not today
16:46 not today
16:48 right
16:49 and by finding solutions to those
16:52 emotions by finding Solutions and
16:54 problem in solving those problems it's
16:57 wraps bro because then those emotions
17:00 will feel a lot less
17:01 yeah I get greedy I get greedy all the
17:03 time in the market I get greedy every
17:04 single time I trade but do I act on it
17:06 definitely not why because I have money
17:08 and I know I can make money in these
17:09 markets
17:11 because I know right yeah I can close
17:13 right here
17:14 but I have a take profit somewhere
17:18 I know I'll be able to close soon
17:20 and if I don't get to close and I lose
17:22 money cool I'll make it back tomorrow
17:24 because I know my skill
17:26 solution
17:27 okay so hopefully you guys learned
17:29 something from this hopefully you guys
17:30 can start you know putting even like
17:32 life problems guys what's the problem
17:34 why are you doing it identify the
17:36 emotions attached to it find solutions
17:38 to those emotions simple simple [ __ ]
17:40 Clockwork guys a lot of people have have
17:43 issues
17:44 um you know like doing their New Year's
17:46 resolutions like I want to do this
17:48 what do it what is stopping you you're
17:52 too comfortable you get uncomfortable
17:54 today do something productive do
17:56 something good
17:58 today was like a mix of like a homework
18:00 inside of a video so I guess no
18:03 technical homework besides you know
18:04 doing the stuff that we talked about in
18:06 this video but with that being said I
18:08 appreciate you guys I'll see you
18:10 tomorrow for fair value yaps part two
18:12 peace out
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