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Summary
Core Theme
This content emphasizes that consistent profitability in trading stems not from technical analysis alone, but from developing a strong psychological and emotional framework, focusing on five key pillars: confidence, discipline, consistency, patience, and passion.
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you're listening to the number-one spot
fruit markets and trading market traders
I'm well I'm gonna do what I'm gonna do
I'm thinking of I was thinking about
doing this before because there isn't a
little clip about that the idea of
motions of training and there is
literally just five steps to it so what
I'm gonna do is I'm just going to
quickly summarize it for you guys who
were watching we're listening to that
one-hour video recording and whatever
you want to call it so I'm gonna quickly
summarize everything we're going to talk
about and what I saw what I thought and
there are some things that I incorrect
where I perceived to be incorrect in
that void as well which I don't
necessarily believe in and I'll go
through the explanations regarding that
as well because well I have the time
list I'm gonna do a quick little
15-minute thing where we go through the
emotions of it because we have dabbled
on each and every single one of them
before on the stream but we have not
done is cognitively put it all together
so there is a clip or some sort of a
fifteen minute thing listening into the
emotions of trading right and the ideas
and the principles toward it so there's
there's five things that you need to
understand now this is this is towards
the idea of trading as itself this is
towards at the mentality of trading this
is towards the mentality of consistency
of trading not necessarily trading per
se but consistency because what you
people lack most of you guys here is you
lack the consistency you will make money
one day and you lose it all that you
make money in one week and in the next
week you you pretty much broken even
because you've lost it all right you
lack that consistency mechanism and
that's what that those are the things
these are the things you need to look at
for that so first and foremost is the
idea of confidence in trading now
confidence comes from either of two
things one is an understanding of what's
happening in the markets it's actually
learning what's happening in the markets
keeping your ear to the ground listening
to what's happening
removing your bias towards what
the saying and understanding things very
logically that will give you the
confidence to enter trades even if you
think that you're gonna lose out on it
now confidence is a big thing and it's
one of the main things that I see my
keys lacking right now in towards the
stream accounts because what's have been
happening is this is not I'm not in a
bashing you or anything like that this
is a learning environment so what's
happening is what's been happening if
you is you know they've been losing
trades we've been you know all that
right so what's been happening is that
the lack of the confidence is dwell down
a little bit in terms of trading and the
use of trades right is just taking the
trade right don't thinking about not
thinking about taking the trade not
expecting to take the trade taking the
trade itself now that is a confidence
thing that people would lack because of
two different things one they've been
wrong consistently so they lack the
confidence to take that trade because
they might be wrong again now to go to
get rid of this a basic basic system is
required the idea of mitigating risk now
if you don't have the confidence to take
the trade what you can do is
hypothetically let's say you take you
you took you got an example of 1% loss
generally in your trades now what you
can do is if you're lacking that
confidence this is not for this is for
everyone by the way and everyone who
listens to this clip later on if you're
lacking that confidence to trade divide
your risk make multiple trade with lower
risk take 10 trades with 0.1% risk
rather than one trade with 1% risk are
you with me
because that what that will do is that
will build up your confidence in your
trading scenarios whatever scenario
you're trading with and Mike and
everyone else has a trading scenario
mike has a training scenario where he
only buys below view up at certain
ranges and he sells above view up at
certain ranges right now so that's an
example of Mike I mean it's an
oversimplification but yeah it's there
now you guys have a different scenario
as well now if you have that scenario
all you require is the push to take that
trade so the first and foremost thing
you need and most people lack in trading
is the confidence of trading now this
could be for new people or for old
people who've been training for years
and years because people will have ups
and people will have downs right so when
you have the down movement you still
have to take the trades to go back up
again now until you initialize until you
understand that you are in a slump
you have to realize you've done
something wrong or you have to realize
that you are not doing something after
you have realized that that is the first
process to go back to get back on the
horse again
now secondly with that confidence
example you can tell yourself okay this
is not for me and you can leave it that
is up to you but the fact of the matter
is if you are consistently profitable
before it does mean the only thing that
you lack right now is confidence in your
trading mechanism whatever that trading
mechanism may be whatever system do you
use okay that's to do with confidence
now secondly is discipline now
discipline comes into play when you are
initializing trades when you are
understanding what to do with trades and
what to
do it after you've taken trades okay
there's this multiple segment so initial
before you even take a trade you have to
be disciplined when you're in a trade
you have to be disciplined and after
you've already taken a trade you has to
be disciplined now so let's start from
the beginning before you even enter a
trade there has to be discipline in your
trade now what that means is
understanding where price must go to and
mustn't go to within your system now if
you have some sort of a system do you
have some sort of an invalidation or
where your stop-loss is now where your
stop losses depends on your invalidation
of your system now again this comes into
the idea of risk risk mitigation and
discipline come hand in hand when you
before you even initialize a trade so
you take you understand what your risk
is you have the discipline to contain
that to hold on to that and don't go oh
close out that those trades cuz you know
we had a similar situation couple days
ago when people were asking me to close
or remove the trades that was on the
stream all right we got partial fill and
I diffused to do that why because it was
a system based trade and I'm not gonna -
I'm not gonna remove it just because you
feel ill or you have an emotional feel
to that trade because that is not
you leave it if you get stopped out you
get stopped out now that is before you
enter a trade now when you are in a
trade a disciplines comes into play when
you are realizing profits and managing
your trade now where do you realize
profits on longs is at resistance at
resistance levels correct now when you
are putting those profit targets you put
in profit targets and you have some sort
of a system to mitigate that you make
money on that trade whether it be are
we hit second profit target I'm gonna
move my stop loss to entry or I'm gonna
move my stop loss to below my first
profit target
remember profit targets are resistance
levels so if something goes above
resistance levels what happens it
becomes support
so after you've initialized two profit
targets you can move your stop-loss
below your first profit target and that
must be automatic you must not ii think
this this must be systematic and
automatic and that is the discipline you
will require the hardest thing in taking
one-minute trades the trays i've sure
i've done and shown live on the stream
the hardest thing in those is not to get
entries but to achieve exits those are
the hardest things because you have to
make a decision and go this is where i'm
going to exit and you have to remove the
idea in your head saying to you what if
we go higher what if i can make more
money you have to remove that completely
and go this is what I'm gonna do I'm
comfortable 40 points I'm comfortable
with 2% I'm comfortable with 4% and I'm
out that is the discipline that you must
have remove everything else make it
automated systematic remove everything
else and if you do not have that
discipline this is what's going to
happen to you you're going to initiate a
trade and you're not going to move the
stop-loss the way you should because
you've been greedy and the market
reverses on you and you lost money maybe
or maybe just broken even or since that
has happened you have now got an
emotional tick on your brain that tells
you I didn't remove I didn't move it
quick enough before so what I'm gonna do
this time I'm gonna move it early so
what are we gonna do now is after you
hear your first profit target or
whatever you move the stop-loss to
profit and then you get stopped out now
you don't want both of those things to
happen so you what you want to do is
sometimes or most the times or all the time
time
have some sort of a system that you're
going to adhere to right for yourself
because until you have that there is no
discipline within the mitigation of your
traits within the continuation of your
profits now discipline the third the
part of the discipline is after you've
taken the trade now after you've taken
the trade it could either be one of two things
things
profitable or a losing trade D either
you lost money on that trade or you made
money on that trade and both are still
dangerous in terms of emotions if you
lost if you made money on that trade now
you are going telling yourself oh my god
I made so much money on that trade what
I'm gonna do now is over think over
leverage over position myself why
because I have money to burn that is
also wrong because you will be wrong
because that is an emotional status that
is an emotional hit user Scott from
making money you just got an emotional
hit that you makes you think you are the
people this point remind every people
how many trades on average he gets a
good percentage you get stopped on every
day just just from your perspective
remind the viewership that how many are
losing trades that you go through every
day correct
so don't want jobs figure you
specifically we talk about percentage
right yeah say if I have a 72 percent
hit rate or remind people that means
that I'm losing how many percent a day
correct I think this is really important
if you have a 70 percent hit rate it
means 30 percent of the time you're
wrong so you got you got to think about
that too right do you get where I'm
coming from this um so I don't think
about those things because what will
come into play if I start thinking about
the percentage of hit in basis to what
I'm thinking I'm gonna lose is idea of
acceptance is not gonna play right I am
fully accepting if I lose
I am fully accepting if I win there is
no but if what scenario for me
personally because I am completely happy
with getting stopped out or whatever and
anything else to me is is gonna be
another thing to think about when you're
initiating your trade and when you're
initiating your trade you don't want ten
different things to think about I wasn't
talking about adding to the stress right
I was talking we're talking about
talking about reality right right you're
gonna be taking trades you know
everybody is going to be taking trades
and it's not just about those those
winning trades it's all about the
process and maybe I maybe I didn't
formulate it or verbalize it the proper
way but I think you get what I'm saying
yeah no no so if you have some sort of
process behind your trading system and
you are fully accepting that it could go
wrong because the likelihood of it going
wrong might be lower than like the very
working out and if you have a correct
system that is consistence that is going
to be your case right if you have a hit
rate of 70 to 30 70 in terms of winning
30 in terms of losing then there has to
be a there has to be times where you
will be losing now or there are
circumstances where you are 70% losing a
30% winning as well that could be the
case as well and these 70% winners 30%
losers 40% winners 60 plus all that
stuff is not the same it is it
fluctuates it fluctuates with market
segments behavior thought process what's
happening in the world it always will
fluctuate because you can remember you
are trying to trade like a robot but you
alright you just try to copy some
segments of it you just try to copy some
things up you will still trade like a
human because you are a human so there
are things that will fluctuate because
you are not a robot so what is very
important to keep in
mind is the acceptance of that
fluctuation is to is the acceptance of
okay I make money I have made this much
money today 1% 2% 3% 10% 20% whatever
money you made today it is the
acceptance of okay I am happy I am done
do not go into the idea of oh my god I'm
in a role I'm gonna do I'm gonna keep
going because that can turn around
really quickly alright now this is the
the other side of the coin is when
you're losing money consistently right
you're losing money consistently what
you have to understand is the discipline
is understanding what went wrong okay
you're gonna keep getting if you are
taking a trade based on removing your
discipline in your method and putting in
trades emotionally because someone told
you to or you perceive an emotional
response in the markets and you've taken
that trade you have removed discipline
from your trading and that is a no-no so
you've lost money and you want to make
that money back so what you're doing is
you're following someone else to make
that money back because you perceive
that someone else is better than you
that is not a discipline trade that is
an emotional response trade because you
want to make that money back that you've
lost now there's a lot of people in chat
who are like that and I'm telling you
right now that is a wrong mentality to
have because it removes the discipline
in your method in your mechanism of
trade and if you have no method in your
trading you are not trading you are gambling
now thirdly is consistency so
consistency in your trading now cursor
consistence is important in terms of
winning trades as well as potentially
losing trades so you want to be
consistent some sales coming through in
Bitcoin you want to be consistent in
your making of money overall net
everyone wants that so what you want to
do is consistently have the discipline
and the confidence to ignite trades
within yours within what you have in
terms your trading scenario if you're
looking at a four-hour level a weekly
level a daily level monthly level
clothes buying below view up selling
above view up using point of controlled
you're using an indicator of some kind I
don't know I don't know what it is
but you have to have the consistency to
follow through and you also have to have
the discipline to follow through so guys
that is consistence the idea of
consistent this is going to be
throughout everything this way
consistency in confidence of your trades
consistency in discipline so you'll be
consistently disciplined in your trade
and there's also the consistency towards
having the patience for it which is the
third which is the fourth one now having
the patience is the fourth one patience
is very important in trading now there's
two types patience in looking at your
trade system and patience is waiting for
it to get hit and there is the patience
in waiting for your profit targets to be
here not removing your plan not not
shifting the blame to something else and
going oh I'm going to close it now there
are times like that what that is
required but in a general sense in a
general sense you want to wait for your
entries to get here and you wait for
your exits to her get hit so patience is
really important now this is this isn't
is this is in trading but there's also patient
patient
in learning how to trade you are not
gonna be able to trade as soon as you
learn how to trade you're not going to
be profitable to trade as soon as you
learn how to trade that's not how it
works there is no cheat code behind
trading the cheat codes behind trading
is actually trading improvements
discipline consistency confidence in
your entries confidence in to exit
waiting for things to happen letting it
play out etc etc etc and the most
important thing out of all those all
those four out of five is the actual
passion to trade now what I mean by
passion to trade means passion to trade
after you know how to trade because if
you have passion to trade before you
even know how to trade you do not have
passion to trade you have passion to
gamble because remember you do not know
how to trade okay
passion comes after you have the
realization you have the methods you
have the consistency you have the system
behind yourself then when the passion
will come then you start going sitting
behind a computer and taking trades but
until you know those things until you
have achieved those things you are not
trading with passion you're trading with
emotion and you are gambling in the markets
because that's not what passion is
passion to trade comes afterwards now
these are the things that are more
important than understanding of levels
zone or whatever because you are not a
robot but you must behave in trade very
less emotional maybe not like a robot
where you trade very systematically and
emotionless and because of those reasons
because of those reasons most people
will lose money and because of those
reasons most people actually make money
those people who have learned and have
the confidence and the discipline and
the consistency and the patience and of
course last and not least the passion to
ignite trades hold on to their trades
until their system pans out or remove
those trades after their system has
panned out exit your trades don't be too
greedy don't be all that stuff right
these are the most important things in
trading because it goes down it deeps
dive into your emotional triggers
because that's the hardest thing to in
trading because most of you guys here
have lost money in the markets because
most of you guys here who came here to
quote-unquote trade because you were
going through the bull market and you're
all making money and then what happened
everything started crashing down and
then you decided and you told yourself
okay I want to know how not to lose
money in this market and that's why you
came here to this chat to other groups
to other YouTube channels that was the
reason for it you lost money that's the
only reason you would come to place like
this because you wouldn't come here if
you made money if you've been
consistently making money you wouldn't
do that you would you would come here
because you want to either have an idea
of how to make more money or
consistently more money or you lost
money so you already have something in
your back of your head telling you
to do things emotionally sorry to do
things emotionally and not to do
something that might be logic based
because you are emotional about it
because you lost money before etc etc
etc so you already wet you already in a
losing position let's be real you are
already in a losing position whether you
know it or not
is up it's not them it's not the
question I know it because I can see
everyday on the chat whether you know it
or you realize it or not that's up to
you right because most people don't
realize this until someone says it and
then it hits them because they don't see
it themselves because they're blind so
the most important things more than
anyone else for you guys in the chat
here who we're losing traders before and
did lose money in the markets with is
more than anything else it is to follow
these principles of emotionless bias
less trading mechanistic trading systems
that is fully functional and based on
logic maths and systems anything else
you throw it out of the window because
there is you do not have time nor do you
have the patience to use other things
that are a little bit emotionally based
than the rigid system that you've got
you're trying to acquire here and what
you're trying to acquire here is rigid
mindset and the last and most important
thing you will not and will never be
able to trade like me you will not and
never be able to trade like Mike you
will not and never be able to trade like
tempos that is not going to happen that
is not how it works you will however be
able to get and grasp small things from
the way i trade thrown away my trades
from the way tempo strides and grab it
and put it into your own trading mechanism
mechanism
and hybridize it create your own system
something I've been saying from day one
create your own system
don't steal systems from other people
because you don't know the big picture
you just saw all you see is the tip of
the iceberg you don't know what's behind
them since you don't know the foundation
of that mechanism you cannot implement
it the only way you could is using small
things from that mechanism and putting
it into your own system and this is what
people have to realize all right people
have to realize that like really realize
that don't just nod and go okay I agree
actually realize that because that's the
hardness that that's the that's the
worst thing in trading is you trying to
trade like someone else and you keep
consistent losing money and what you
have done is you you completely
disregard what that someone has has said
right what that someone else has has
said and you're saying to yourself okay
this guy's obviously wrong as I've been
following his trades for so long and
he'd been consistently wrong right he's
it's not that it's not that's not the
way that's not the case that's not the
system because you don't know his or her
system you don't know what he or he/she
is saying or what he see he or she is
seeing you don't know his bigger picture
you don't know he had his hedges you
don't know his portfolio you don't know
a lot of other things practice makes perfect
perfect
it is very simple answer but is the
right answer
you have to grasp the idea of
transitioning from a losing trader to a
winning trader and most of you guys out
you have to rent you have to transition
you have to transition first until that
happens until you have that transition
between losers and winners and
consistency you will not be making money
you'll be making money for a couple of
until you have the understanding all right
right
so I hope everyone understood or at
least vaguely understood what I've gone
through there because these things are
that's it that's enough I mean most of
these things and most of the stuff we I
just talked about and summarized we've
been through this multiple multiple
times before probably this is my 20th or
30th time I've talked about this but
these are the things you need to put
keep in mind in your head right because
everyone can see levels everyone can see
zones and levels if you've been charting
for a couple of months you'll be able to
look at levels because there's this in
the charts there in your face
all right but even after you see levels
even if you after you understand that
the basics of what's happening you're
still not making money because of these
reasons because you do not have the
other stuff the more important stuff
because levels zones all that Shay is
just in front of you you just need to
open a chart and it's just there it's
not hard to see those if you've been
chatting for a couple of months you will
be able to see it what is hard is the
habits exactly the idea the mentality of
trade you have to remove that you have
to transition from that to a winning
trader the winning trader mentality
removing the bias removing the emotions
and transitioning until you do that
notice I will change your personality
you cannot change your personality
change the way you ignition Ischia
traits chain the way change the way you
get out of trades change the way you
so there's confidence discipline
consistency patience and passion so
confidence and patience passion you
discipline you miss you know consistency
yeah you miss inconsistency okay so
those are the things you would require
to be a consistent trader okay that's
what is required you're listening to the
number one spot food markets and trading
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