0:02 How many of you have lost on a setup
0:03 because you were worrying about a
0:06 mistake that you made yesterday? Or how
0:07 many of you have stressed about an
0:10 outcome that is not even existent and
0:11 that fears made you trade completely
0:14 differently? This is all going to end
0:15 today because I'm going to provide a
0:18 mindset shift that's going to completely
0:20 change your trading if you listen to it
0:22 and you implement this advice. This is
0:23 not about discipline. This is not about
0:26 risk management. This is trading in the
0:28 now and trading in the present moment
0:30 because all our answers are going to be
0:32 in the present moment. Now what I mean
0:35 by this is a lot of traders start
0:38 fearing past mistakes. I made a mistake
0:40 yesterday. I made a mistake last week.
0:43 And these mistakes live rentree in their
0:46 head. They continue to replay this event
0:48 and simulate a mistake and think they're
0:50 going to make the same mistake over and
0:53 over. If we live in the past, it's just
0:54 going to affect what we have going on
0:56 right now. Think about this. The past is
0:59 over with. We don't want it back. We
1:01 can't get it back. It's history. Let it
1:04 stay there and let's focus on right now.
1:05 And a lot of traders worry about the
1:07 future. They're stressing out if this
1:08 trade's going to work out in the next
1:10 few minutes. Or they're worrying if they
1:11 don't take a setup right now, they may
1:13 miss it and not might not even provide
1:15 an opportunity in the next few minutes.
1:17 And they get FOMO into a move and they
1:18 chase something when really not an
1:20 opportunity is there.
1:23 The best moment is the present moment.
1:26 Every answer in the market relies on
1:28 what's going on right now. Every mistake
1:31 in the past was once the present and
1:32 everything that's going to occur in the
1:34 future at that moment in the future is
1:36 going to be the present moment when
1:38 we're aware of it. Your last trade does
1:40 not matter. The trade that you're going
1:42 to take tomorrow does not matter. What
1:44 matters is the trade that we have right
1:46 in front of us right now at this exact
1:48 moment. There's a quote that I read that
1:50 says, "If your mind carries the burden
1:52 of past mistakes, you're going to
1:54 continue to relive the same mistakes
1:56 over and over until they become an
1:59 embodied experience." Your painful
2:01 suffering and your frustration and your
2:03 anxiety is going to end in the market
2:06 once you stop trying to resist what is.
2:08 A lot of traders resist. Am I going to
2:10 lose on this setup? Am I going to make
2:12 money on this setup? and they're
2:14 resisting what's going on right now
2:16 because they are worrying about the past
2:17 or they're anxious about a future
2:20 outcome that is non-existent yet.
2:22 Suffering will end in the market and all
2:24 these mental pains or the mental
2:27 frustrations or the anxiety and the fear
2:30 and the even the greed is going to end
2:33 when you stop resisting an outcome that
2:35 is non-existent yet. If you keep
2:38 carrying your past losses into today,
2:39 you're going to continue making those
2:41 same past losses and continue making
2:44 those mistakes. Release the past. Accept
2:46 the losses. And this is the way I look
2:49 at the market. Losses are an essential
2:51 part of our trading because losses
2:54 provide data. Losses are not always
2:56 failures if we learn something out of
2:58 the market. I have a quote that I say in
2:59 my community that's like the greatest
3:02 risk is no risk. And having no risk on a
3:05 trade is worse if we create a plan for a
3:06 setup and not take it because we're
3:08 hesitating to accept the risk. And when
3:10 we're eventually right on the trade,
3:12 that's worse of a feeling than it is to
3:14 lose on the setup. Any action is better
3:16 than no action. Especially if you're in
3:18 a spot in your trading where you're
3:19 hesitating to enter, you're fearful of
3:22 losing, and you're just scared to have
3:25 risk on. Any action is better than no
3:27 action. And execution is going to beat
3:29 hesitation every single time. You're
3:30 going to learn more about taking a
3:32 setup, whether it's a win or loss, than
3:34 you would if you just didn't take a
3:35 setup. You're not going to learn much
3:38 out of that. I don't care about time.
3:39 I'm not worrying about what happened
3:41 yesterday. I'm not worrying about if
3:43 this market's going to move in the next
3:45 three hours. Time dissolves in the flow.
3:48 When you're thinking presently, time
3:49 starts to slow down because you're
3:52 focusing on the market right now. Now,
3:54 what I mean about time dissolving in the
3:55 flow is a lot of traders start staring
3:58 at their P&L and these thoughts become
4:01 intrusive in their head. Oh, I'm up 500
4:03 bucks. Now I'm down 200 bucks. I'm up
4:05 a,000 bucks. Let me take it. And then it
4:07 goes up $5,000. And these fluctuations
4:10 in our head start making us irrational
4:12 decisions. When you're truly present,
4:14 the market will slow down. When you're
4:18 truly present, clarity appears. Clarity
4:20 comes in the present moment because the
4:22 market provides answers in the present
4:23 moment. Whether we're not seeing
4:26 something, that's an answer in itself.
4:27 Or if we're seeing an opportunity and
4:29 seeing a setup, then we get that in the
4:31 present moment. Present moment makes
4:34 distractions disappear and clarity
4:36 appear in terms of opportunities and
4:38 setups that we're looking to put risk on
4:40 with. And the big one here is detachment
4:43 from the ego and detachment from your
4:45 feelings. If anybody ever trades and
4:47 starts feeling anxious, they start
4:49 sweating, they start kicking their feet
4:51 under their desk and you know you're
4:53 about to make an emotional decision,
4:55 start observing that from outside of
4:57 your body. Start saying, "Hey, Carmine,
4:59 I'm feeling a little anxious about this
5:01 setup and I'm observing my emotions."
5:03 The problem is is we become so attached
5:06 to our emotions that we let the emotions
5:08 make the decisions for us. But if we
5:10 know we're in a scenario where our
5:12 emotions are flared and the only way
5:13 we're going to get to this is if we're
5:15 thinking presently, then we become an
5:17 observer of our emotions and our
5:19 emotions are not going to make the
5:21 conscious decision for us anymore. So
5:23 the edge in the market is not
5:25 eliminating our fear and greed. It's not
5:28 saying, "Oh, I feel these emotions. Let
5:30 me not trade it." It's feeling these
5:32 emotions and observing it and not
5:34 letting those decision not letting those
5:36 emotions make the decisions for us
5:38 because we are observing them. So if
5:40 anybody ever feels these emotions, take
5:43 a step back, think presently, hey, I'm
5:45 feeling this right now. Why am I feeling
5:48 this? And then don't let those emotions
5:50 make the decisions for us. It's not
5:52 eliminating them. It's just simply
5:54 observing them. And trading is not about
5:56 predicting the future. It's about acting
5:58 and reacting to what's happening right
6:00 now. So, if we can forget about the
6:03 past, stop worrying about the future and
6:04 trade what's happening right now, it's
6:06 going to give us all the answers in
6:08 terms of our risk management, in terms
6:10 of our setups and opportunities, and in
6:12 terms of our discipline. If we can do
6:14 this, I'm very, very confident you all
6:16 will be a much better trader. And this
6:18 is a very important video to save and
6:20 bookmark and always reference back to if
6:22 you feel like you need some help
6:24 psychologically in your trading. If
6:26 you're new here, hit that subscribe
6:28 button. Drop a like on this video if you
