0:01 Traders love to argue until they're
0:03 literally blew in the face between what
0:05 is more important between technical
0:07 analysis and your strategy and trading
0:10 psychology now you could be born with
0:12 the most amazing natural-born Traders
0:14 mindset in the world and if you are then
0:16 then Happy Days good for you but if you
0:18 don't have a proven profitable strategy
0:20 in your hands then you're not going to
0:22 make any money right so at the start of
0:24 your journey understandably it is a lot
0:26 more important in my opinion to focus on
0:28 the technicals to develop that strategy
0:31 andove you have a strateg Edge but then
0:33 further along in your journey that is
0:34 when you quickly realize as you start to
0:37 try and scale up trade life Capital Etc
0:39 that actually it's about 80 90% of
0:41 psychology is going to be the difference
0:42 between whether or not you are
0:46 profitable at that point now thanks to
0:49 the regulations in the EU if we look at
0:51 uh many of these regulated retail
0:53 Brokers we can see at the top of most of
0:56 their their homepages the stats of their
0:58 winning and losing Traders on their
1:00 websites right so if we can see that on
1:03 average about 75% of Traders are losing
1:05 then you could be forgiven for thinking
1:06 well why don't we just find out what
1:08 they're doing right and do the opposite
1:09 of it and then that way we can be in the
1:13 winning 25% well okay let's dive into
1:16 that what is normal in
1:20 trading so back in 2015 fxm did a study
1:22 of 255,000 of their Traders and they
1:25 looked at 43 million trades taken and
1:27 they actually saw that 62% of the trades
1:30 were winning trades but what's going on
1:32 here well when on they took a winning
1:35 trade they only made on average a gain
1:38 of 48 Pips but when they lost a trade on
1:40 average they lost 82 Pips so we can
1:42 quickly see here that their losing
1:44 trades were almost 70% bigger than their
1:46 winning trades so as a result over the
1:48 course of let's say 100 trades that's
1:51 going to be a 140 pip deficit which
1:54 means you have a negative profit
1:56 expectancy in the long run now this is
1:58 not a strategy problem it's not really a
2:00 technical analysis problem there are
2:01 hundreds if not thousands if not
2:03 millions of profitable strategies out
2:05 there you can trade the market any
2:08 single way you want um there's thousands
2:09 of strategies on YouTube that that are
2:12 probably successful this is more of a
2:14 human problem and I'm going to show it
2:16 to you so an absolute classic
2:17 psychological error in trading that I'm
2:19 sure you've experienced um I know how I
2:21 have in the past is moving your stop
2:23 loss to break even when it's not within
2:25 your rules to do so so let's say your
2:27 strategy tells you to buy here for
2:29 whatever reason you get in long and the
2:31 market starts moving nicely in your
2:33 favor so what do you do you move your
2:35 stop loss to break even even if it
2:37 doesn't stay in your rules simply
2:40 because we want to remove any potential
2:42 risk on the table and then as you
2:43 probably experienced plenty of times the
2:45 market will then come back to your level
2:48 stop you out for break even and then
2:51 goes on eventually to your profit Target
2:53 okay so this is just one of many
2:55 mistakes that Traders are making that is
2:57 not conducive to a long-term profitable
2:59 Edge so if you break your rules by TR
3:01 triling your stop loss to break even too
3:03 early you know what's the reason you're
3:05 scared of taking a loss and the
3:06 subconscious reason of that is because
3:09 you were trying to avoid the pain of
3:11 losing money now Tom hugard did an
3:13 amazing lecture on this where he breaks
3:15 this down right and there's so many
3:16 common mistakes that we as Traders make
3:18 right taking low probability or even
3:20 invalid trades why do we do that it's
3:22 because we get fermo right we're scared
3:24 of missing out on potential um you know
3:26 profits but what's the subconscious
3:28 reason it's the same thing it's to avoid
3:30 pain right the pain of potentially
3:33 missing out on what could be ours
3:35 Another one not executing another trade
3:37 after you've taken a winning trade a
3:39 reason is usually because well you know
3:40 I've made some money I don't really want
3:42 to give back any profit today I'm happy
3:44 with what I've got but you're not
3:46 executing your Edge and what's the
3:48 reason again to avoid pain the pain of
3:50 potentially giving away that profits
3:51 taking profits too early right not
3:53 following your management plan similar
3:54 thing you want to keep on to what you
3:58 have why avoid pain avoid pain of losing
3:59 that perceived money of you know what
4:01 you've got within your account the other
4:03 thing increasing your position size
4:05 after a loss why do you do that well you
4:06 want to get back to where you were right
4:09 you don't want to go home with that loss
4:10 you want to get back to break even or or
4:13 make some gains why you want to avoid
4:15 pain now I'm sure we've all been there
4:16 and we sure we'll make some of these
4:18 mistakes in the future but it's only
4:19 afterwards once you're out of the trade
4:20 and you've made that mistake and you
4:23 look back and you just think what is
4:24 wrong with me why I'm an idiot why do I
4:25 keep doing this why am I stuck in this
4:27 Perpetual cycle of making mistakes
4:28 that's stopping me from getting to where
4:30 I need to be okay today I'm going to
4:32 show you exactly why that's happening
4:33 I'm going to show you why it's not your
4:35 fault but then show you the key of what
4:37 you now need to do to prevent this from
4:39 happening in the future or at least
4:40 drastically reduce the amount of times
4:42 this happen so we're going to get stuck
4:44 into some super es esoteric stuff we're
4:45 going to look at biology we're going to
4:46 jump into physics I'm super pumped to
4:48 get stuck into this so make sure you
4:50 stick around but who am I and why should
4:52 you listen to me well I am M dony and I
4:54 am the founder of photon trading and we
4:56 help Traders not just acquire funding
4:58 but actually Bank their profit splits
5:01 long term using the power of mechanical
5:02 strategies so like I was saying you
5:04 probably make one of these mistakes you
5:05 wonder what is wrong with you but
5:08 actually there is nothing wrong with you
5:10 we are walking around with the same
5:12 brains in our in our heads that were
5:14 formed 200,000 years ago okay so we are
5:16 literally walking around with the same
5:19 Hardware as our Paleolithic ancestors
5:21 back then we lived pretty much in an
5:22 immediate return environment where
5:24 having that fight of flight response was
5:26 extremely conducive to survival whereas
5:29 only in the last 500 100 years maybe 50
5:31 years that we have had insane
5:33 technological um advancements that has
5:36 led us to now live living in a delayed
5:39 return environment okay so our brains
5:41 are designed to Value those immediate
5:43 returns to respond to those fight flight
5:45 responses rather than making the
5:47 decisions that are conducive to
5:49 long-term success so what does that have
5:51 to do with trading well let me
5:54 explain when you're in the markets right
5:55 you probably experienced this with your
5:56 demo trading you have your profitable
5:58 strategy it's quite easy a lot of people
6:00 can make money but as soon as you have
6:02 that real risk on the table whether it's
6:04 your own high Capital you've scaled up
6:05 you going for funding challenges
6:08 whatever it is suddenly It all becomes
6:10 way harder right your brain almost melts
6:11 and that's because your primitive
6:14 survival instincts are taking over that
6:16 decision- making and critical moments in
6:18 other words when you are stressed it's
6:20 extremely hard to make the right
6:23 decision when you have risk on the table
6:25 okay we are using our primitive andal
6:27 brains to try and fight Japanese
6:29 candlesticks rather than fighting Toth
6:33 Tigers so it's extremely hard to do
6:36 because back then you know that is an
6:38 evolutionary uh advantage of our brains
6:41 right to be wired to want to win and
6:43 survive at all costs back then trying to
6:45 get your lunch could literally kill you
6:46 so you had to believe that you going to
6:47 win you had to believe that you're going
6:49 to overcome that challenge um and you
6:50 were going to be able to you know win
6:53 that hunt otherwise you either weren't
6:54 going to hunt and then you would die
6:56 from Hunger or you'd probably end up
6:57 getting killed by that animal right
6:58 because you're going in with the wrong
7:01 mindset now that has served tons of
7:04 evolutionary uh purposes and benefits to
7:06 even our lives in the modern world today
7:08 right to be competitive to want to win
7:10 to do well in business Etc but bringing
7:13 in that mindset into trading is a recipe
7:15 for disaster wanting to win wanting to
7:16 win at all cost wanting to avoid the
7:19 pain of losing money we know is going to
7:22 lead to the you know not most optimal
7:24 training decisions of allowing our Edge
7:26 to play out over time okay and to
7:29 explain that in a more succinct term it
7:31 say from Randy H it says your brain's
7:33 short-term survival orientation is going
7:35 to compromise your need to take that
7:37 long-term perspective in order for your
7:40 Edge to work in the Heat of the Moment
7:42 okay so what that means is we know we're
7:43 going to have losing trades in the short
7:45 term losing winning trades right it's
7:47 just the cost of doing business but over
7:48 the long run we know our AG will play
7:51 out but then when you're experiencing
7:53 that losing trade in the moment right
7:54 that's when your brain goes into
7:56 meltdown and we end up making those
7:57 mistakes that we just went through
7:59 taking your profits too early avoiding
8:01 trades Etc because we can't think about
8:03 the longterm our brains really really
8:05 struggle with that and why it's a
8:08 biological reason our brains are caveman
8:11 brains they view all Market uncertainty
8:13 or any uncertainty in your life any risk
8:16 it views it as a direct biological
8:19 threat to your life okay so those
8:20 Japanese candlesticks on your charts
8:23 when they're moving around and you feel
8:24 some uncertainty of the market
8:26 environment the probalistic nature of
8:27 what we're trying to deal with here the
8:28 potential that we could lose some money
8:31 you're brain sees that as a biological
8:33 threat to life that's when your fight or
8:35 flight respones kick in and you end up
8:38 making those mistakes so let's apply
8:40 this to a trade example right as it's a
8:42 lot easier to then understand now we've
8:44 all probably felt this right we we get
8:46 into a trade it starts moving nicely
8:48 along in our favor but if price starts
8:50 to pull back and go into our stop loss
8:52 and then we see you know it flashing red
8:53 against us we have that risk on the
8:55 table a heart rate starts to go up right
8:57 you feel those emotions and that's
8:59 because your biology right your your
9:02 animal brain is seeing that as a direct
9:04 threat to your life and this is when
9:06 your emotional brain is going to hijack
9:08 your thinking brain and you're going to
9:10 you know make those mistakes because it
9:12 sees that threat as a threat to life
9:14 it's a threat to your Financial Health
9:16 um it's a threat to your training goals
9:17 right it's a direct threat to you
9:18 getting funded potentially it's a direct
9:21 threat to you quitting your job um
9:23 perhaps it's a direct threat to Your Ego
9:25 right maybe you shared your trade before
9:26 you got into it in your community or
9:28 maybe you posted on social media maybe
9:29 you made a post about how you're going
9:30 to smash your day and make because of
9:32 profits now all of those thoughts are
9:33 now swirling around in your brain and
9:35 this is like danger danger so at this
9:37 moment what do you do well I'm only half
9:38 a% down at this point let me just get
9:39 out let me just get out cuz I don't want
9:40 to take the full loss I'm probably going
9:42 to take a full loss so what you do you
9:44 close the trade for let's say half an
9:46 hour loss and then rep play the price
9:47 forward and then ends up going to your
9:49 favor if you had have just stucked your
9:50 rules and then you look back afterwards
9:52 and you just think what did I do why did
9:54 I do that and it's because your animal
9:56 brain yourid it hijacked your thinking
9:59 brain just to protect yourself at all
10:02 costs from experiencing any pain so when
10:04 our emotions going up like that our
10:06 decision making is going to go down and
10:07 we'll make decisions that don't appear
10:10 to be based on any logic or reason it's
10:11 because our emotional brain is taking
10:13 control and this is when we make a
10:15 number of you know classic and tipical
10:16 actions that we've all made and probably
10:19 will make in the future and it's all the
10:22 subconscious wanting to avoid pain now
10:24 we are taught from a very young age that
10:26 only winning and being right is pretty
10:27 much rewarded right whether you win a
10:29 trophy in sports or you get your grades
10:31 on your exams now I'm not someone who
10:33 believes in awarding everyone a
10:36 participation medal but bringing this
10:38 you know only winning and being right
10:40 mental model which serves us well in
10:42 most areas of life but bringing that
10:44 mental model into trading it's terrible
10:46 it's it's the worst environment to bring
10:48 it in it's not a normal environment we
10:50 need to be extremely comfortable with
10:52 the idea of losing with having that
10:54 uncertainty and risk on the table and
10:56 dealing with a probabilistic environment
10:59 a successful trading mindset requires
11:01 you to not care about winning it
11:03 requires you to not care about being
11:05 right and ultimately all that matters is
11:07 that you make money in the long run we
11:09 know in a conventional business think
11:11 like a brick-and Mor business you have
11:12 costs you have rent you have supplies
11:15 wages Insurance Etc but then you make
11:16 your sales and then hopefully you make
11:18 more sales than your costs and your
11:20 difference is net profit right everyone
11:22 gets that in business it's fine but in
11:24 trading most people are trying to avoid
11:27 those losses okay but actually if you
11:28 just view them as the same way they're
11:31 simply a cost of doing business taking a
11:32 loss is just a cost of allowing your
11:34 Edge to play out over the long run so
11:35 that eventually you have a net profit
11:38 over time now that's an extremely simple
11:40 logical concept for us to understand but
11:43 here's the problem we are not logical
11:46 beings we are emotional beings who then
11:48 try to rationalize our emotions with
11:50 logic really it all boils down to the
11:53 problem with the brain on uncertainty
11:55 our brains our animal brains that we
11:57 have evolved with they want to control
12:00 the outcome they always want to be right
12:02 and it wants to predict the future but
12:04 none of those three things are
12:06 controllable but we are hotwired to
12:07 think that they are and that is what
12:10 causes or what is makes trading so hard
12:12 in the long run so let's dive into a bit
12:14 of biology here right and just think
12:16 about two parts of the brain first here
12:19 we have the amydala so the amydala we
12:20 can think about this as our lower minded
12:22 animal this primitive brain that we have
12:24 been talking about okay now this part of
12:26 our brain it constantly wants to seek
12:29 pleasure and avoid pains avoid pains at
12:30 all costs so this is where you know our
12:33 emotional center of the brain is that is
12:35 just rooted to think about survival and
12:37 protect us at all cost rights our
12:39 primitive brain now here we have the
12:41 neocortex so think about this as more of
12:43 a higher minded animal this is
12:45 responsible for our self-governance
12:48 strategic thought and execution okay so
12:50 rather than like just thinking about
12:52 imminent survival this is thinking more
12:54 about you know long-term thrival um and
12:56 you know your Advanced thinking part of
12:58 the brain okay now when you are stressed
13:00 rest which is a lot of time when you're
13:01 trading right when you have that risk on
13:03 the table um you're trying to go for a
13:06 funding challenge whatever it is all
13:08 that um perceived sensy information
13:10 right comes in and it gets processed by
13:12 the amigdala first and that is where
13:14 that emotional brain is kicking in with
13:16 that flight of fright response and it
13:18 essentially can hijack and block that
13:20 information going up to your Neo context
13:22 which is where your thinking brain is
13:23 because the amigdala that makes
13:26 decisions in nanc and it leads to you
13:27 making impulsive decisions before you've
13:28 even had a chance to think you know why
13:31 did I even do that before you can um
13:33 think it through so our job as Traders
13:34 is to try and regulate the emotions that
13:36 happen in migler and allow that to come
13:39 up to neocortex then we can make the
13:41 correct logical decisions that we know
13:43 is conducive to long-term profitable
13:46 trading so again remember our brains are
13:48 amigdala it cannot see the difference
13:50 between what is a true danger to your
13:52 life right a biological threat to life
13:55 biological fear it can't differentiate
13:57 that between that and what is literally
13:59 just a psychological disc comfort of
14:01 having a bit of risk on the table so to
14:03 the untrained brain any triggering of
14:05 that threat it automatically produces
14:07 biological fear responses in our body
14:08 right from our primitive brain I'm sure
14:10 you've experienced it trade starts going
14:11 against you you sit forward in your
14:13 chair you feel tight heart rate's going
14:15 up you start selling whatever it is that
14:16 is what is going on there your brain
14:18 can't tell the difference between
14:21 essentially like a saber t t sabertooth
14:23 tiger coming at you right and just
14:24 potentially you about to lose a bit of
14:25 money or lose a funing challenge or
14:27 whatever it is because you know it seems
14:29 so simple I have a plan I'll follow my
14:31 rules I'll make money I can do it on a
14:33 demo account I can do it on back testing
14:34 I bring that plan into live market where
14:36 I have that real risk on the table and
14:38 as Mike Tyson says everybody has a plan
14:40 until they get punched in the mouth okay
14:42 fight and flight response will kick in
14:44 and then those Behavior patterns of you
14:46 know fear and an aggression or avoidance
14:48 those will kick in and that's when we
14:50 make those classic mistakes so let's
14:52 take these two parts of the brain that
14:53 we've been talking about and let's draw
14:55 them into a diagram and we're going to
14:57 jump into some juicy stuff here now
14:59 right so
15:00 think about your higher animal mind at
15:03 the top this is your soul your objective
15:05 truth down at the bottom this is our
15:06 lower animal mind right our primitive
15:08 brain think of this as like the Physical
15:10 Realm so all of our senses what we can
15:11 see what we can touch and what we can
15:14 smell what we can hear Etc so up at the
15:18 top think of this as light now science
15:20 tells us that if you are a particle of
15:23 light right you are a photon you do not
15:25 have any time you do not have any space
15:27 you don't have any charge and you do not
15:31 have any Mass okay okay now if you take
15:33 two photons two particles of light and
15:35 you smash them together they will split
15:40 into a electron and a positron okay so
15:41 now you have these and these do have
15:44 mass these do have charges they do have
15:49 space and they do have time okay now an
15:52 ion is a charged particle okay that's
15:53 what science tells us what psychology
15:56 tells us is that an emotional person
15:58 right we say they're a Charged person
16:01 right they're charged with emotion so
16:03 down here if we think about positive
16:05 charges right positively charged
16:08 emotions Elation right you're completely
16:10 happy a lot of people a lot of the
16:13 masses are constantly trying to chase
16:15 this Elation chase this happiness chase
16:17 the positive side right all the
16:18 positives without negatives they're
16:20 trying to chase the winning trades and
16:22 avoid the losing trades avoid losing
16:25 money all they want is that but the more
16:26 that you swear away from being centered
16:28 and balanced the more you trying to
16:30 chase that one pole chase that one side
16:31 Chase only the winning trades in the
16:33 happiness guess what's going to happen
16:35 you're going to snap back completely the
16:37 other way okay so the more that people
16:39 are constantly just trying to be elated
16:41 you probably met them guess what they're
16:42 some of the people that really struggle
16:44 with depression when eventually they
16:46 snap back the other way they're not calm
16:50 centered and balanced in the middle um
16:51 and this goes for every polarizing
16:54 emotion optimism and pessimism right
16:56 Pleasure and Pain greed and fear those
16:59 are the big ones in trading
17:01 so you know the more you chase the one
17:03 side the more eventually you're going to
17:05 snap back it's Newton's third law right
17:07 for every reaction there is an equal and
17:09 opposite reaction so the more you sway
17:10 away from the center and the middle the
17:12 more likely you're then going to snap
17:13 back the other way and this is where the
17:15 masses are the down at the bottom trying
17:16 to chase the one side right trying to
17:18 continuously Chase pleasure and avoid
17:20 pain right getting drunk on the weekend
17:22 doing drugs whatever it is just trying
17:23 to escape from their mindset and what
17:25 happens the more they chase that the
17:27 more they push it comes Monday they're
17:29 going to swing back to that depression
17:33 that hangover and that anxiety okay so
17:36 this is where the masses are down here
17:37 now what I want you to think about the
17:38 reason why I've drawn the diagram like
17:40 this like a triangle is that there's a
17:42 pendulum okay swinging down here so this
17:44 is where the masses are swinging from
17:46 pole to pole from trying to chase the
17:48 positive swinging back down to the
17:50 negatives okay so this is a low
17:52 vibration now as you become more and
17:54 more centered and you don't chase the
17:56 two sides and you stay in the middle
17:58 right naturally your pendulum is going
18:00 to swing less and less and less and
18:01 you're going to get smaller and smaller
18:03 vibrations so you're essentially
18:07 vibrating on a higher frequency okay so
18:11 evolution is towards the light so our
18:14 job as Traders is to do that right is to
18:16 stop swinging between those two poles
18:18 and to try and see things objectively as
18:20 they are rather than being blinded by
18:23 our emotions um you know in the moment
18:24 what we spoke about okay that's where
18:26 the Masters are the winning 10 20%
18:28 whatever it is of Traders at the top
18:30 they're the ones who can do that so down
18:32 here remember we have our lower animal
18:34 mind the emotional Center up at the top
18:36 is our higher thinking mind where we're
18:38 no longer you know swayed by those
18:39 emotions but we can see things
18:41 objectively as they are so to try and
18:42 bring this back into a more simple
18:44 example of what we're talking about when
18:45 we made all of those mistakes before
18:47 you're in a trade the emotions get high
18:49 you break your rules you jump out of the
18:51 trade whatever the mistake is afterwards
18:53 that evening the weekend whenever it is
18:55 and you Journal your trade the emotions
18:57 are no longer there because the risk is
18:59 no longer on the table right it's over
19:00 you can think about it with your higher
19:02 mind that is when you are calm and
19:04 centered and you can see ah this is what
19:06 I should have done oh there was negative
19:08 or positive Confluence that I can see
19:09 now but I missed it in the moment
19:12 because I was so attached to one side
19:14 right you know like your your um you're
19:16 in a trade and it starts going against
19:17 you all your brain can see on the chart
19:19 is reasons as to why you should get out
19:21 of the trade right you are blinded to
19:23 the objective truth saying everything
19:25 your brain literally plays tricks on you
19:26 because it wants you to avoid that pain
19:28 your middle is trying to protect prot
19:30 you so it just wants you to get risk off
19:32 the table your migdala um you know takes
19:33 over and it's not letting that
19:35 information pass through up to your um
19:37 thinking brain so another way to think
19:40 about this diagram is like you know
19:41 let's say you you you win a trade
19:44 followed your rules you win a trade do
19:45 you then jump up start fist pumping
19:46 high-fiving your mes of there like
19:48 getting super happy about it posting
19:49 screenshots of your mt4 everywhere
19:51 getting super excited okay cool you do
19:53 that you chase that positive side you're
19:54 all the way over the here what do you
19:56 think then is going to happen when you
19:59 inevitably take a losing trade that's
20:01 going to hit you so much harder right
20:02 and you're going to swing into that
20:04 depression that fear that pain whatever
20:05 so the more that you chase the one side
20:07 the more naturally you're going to go
20:10 the other way so a simple exercise to do
20:11 is next time you take those winning
20:14 trades going forward win or loss try and
20:16 just practice regulating no emotion
20:19 right no physical reaction no emotional
20:21 reaction just did you follow your rules
20:22 did you follow your plan yes and you
20:24 should ultimately strive to feel the
20:26 same way no matter what right win or
20:28 lose did you stick your rules that is
20:33 all that matters okay so how do we do
20:35 that how do we say centered calm and
20:37 balance so we can strive to evolve
20:40 towards the light right so we can become
20:42 Photon Traders particles of light so we
20:43 can see that objective truth and we can
20:45 make trading decisions with a higher
20:47 mind how do we do that because like we
20:49 keep saying right we now know that we
20:51 are wired to fail the brains that we are
20:53 bought with cannot give us the success
20:55 that we seek with trading right because
20:57 we are asking our brains to do something
20:58 that is a nightmare it's a deal with the
21:00 risk and to be okay with it and to
21:02 accept it right what Nature has given us
21:05 is not what the artificial world of the
21:07 market needs right we need to retrain it
21:08 and rewire it to be able to deal with
21:10 those probabilities to make the right
21:11 long-term decisions and to be
21:14 comfortable with risk in an uncertain
21:16 environment right so how do we evolve
21:18 towards the light where we can allow um
21:19 you know our thinking brain to be in
21:21 control well you've got two solutions
21:23 here really the shortterm fix is to
21:25 build and develop and acquire a
21:27 mechanical strategy right one where you
21:29 have a very tightly defined system where
21:31 the rules are so crystal clear that you
21:34 know what to do in every single scenario
21:36 okay and that's going to give you the
21:38 biggest chance of being able to stick to
21:40 your rules and not let those emotions
21:43 dictate your decision- making now the
21:45 long term we need to work on rewiring
21:48 our brains becoming the designer of our
21:50 minds so that we are not essentially
21:52 slaves and victims of those faar those
21:55 flight or flight responses okay in my
21:57 opinion both of these required this is
21:58 the path that I'm trying to my own
22:01 trading and what we try to teach at
22:04 Photon trading okay so mechanical trade
22:05 plan if you don't know like I said it's
22:06 essentially something that just tells
22:08 you what to do in every single scenario
22:09 if this happens I do this if that
22:11 happens I do that right okay you have a
22:14 very tightly defined system because once
22:16 you have that you learn a mechanical
22:18 strategy you build a mechanical trade
22:19 plan you can then quickly prove your
22:21 Edge in the market with back testing or
22:23 forward testing prove the data behind it
22:25 that it works once you have that data
22:27 this is the quickest way to get that
22:30 more Bulletproof mindset right so you
22:32 can rely on the data and you know that
22:33 in the long run following those rules
22:35 will be profitable that then gives you
22:36 the consistent results because you're
22:38 making consistent correct actions in the
22:40 market and now you have a sustainable
22:42 method that you can rely on right to
22:44 scale your accounts and to grow your
22:47 Capital long term okay and that is
22:49 exactly what we help our Traders with at
22:51 Photon trading where we literally hand
22:53 them our exact mechanical trade plans
22:55 for both our day and swing trading
22:56 strategies right we help you implement
22:58 that into the market we help you collect
23:00 data on that to prove it quickly that
23:02 your trade plan has an edge your brain
23:04 can then see that becomes a lot easier
23:06 to follow your rules in the long run
23:07 okay and you can see all of our case
23:09 studies here on the website some of our
23:11 members who have had um yeah really good
23:13 success with this so we do this for you
23:15 our full endtoend course absolutely
23:16 everything is covered even if you have
23:18 zero knowledge in the market so this is
23:20 all done for you where we literally
23:22 teach you and hand you our strategy but
23:23 we don't just leave you there we show
23:26 you day in day out session by session
23:28 how we Implement those mechanical rules
23:29 into the market and capitalize on
23:32 different market conditions we have
23:34 daily session Recaps every single day
23:36 going over this in depth markups
23:38 analysis a lot and of course we have our
23:39 community on Discord um where you can
23:41 ask any questions they all get answered
23:43 um yeah the level of mentoring in here
23:45 is just unrivaled um you you will not
23:48 get this anywhere else you can see here
23:50 just the course um we've got over 148
23:52 lessons I think at the moment um you
23:54 know we go super in depth there every
23:57 single topic is covered in extreme depth
23:58 um you know we have tons of lessons and
24:00 even you know more lessons in here
24:02 hidden beneath as well as all of the
24:04 session Recaps trade Recaps back tests
24:06 live meetups that we have um yeah it's
24:08 just an insane amount of useful
24:10 resources within here and then of course
24:11 we also have the community like I said
24:13 where um we've got all of our markups
24:15 posted every session for three pairs
24:17 every day in depth where we go through
24:19 this we've got swing channels analysis
24:20 channels day trading the lot it is
24:22 absolutely insane so if you're
24:23 interested click the link in the bio
24:26 below I would love to work with you I'd
24:28 love to get our plans in your hand hands
24:29 work with you to develop them get them
24:31 in there build that bulletproof mindset
24:34 and start making consistent gains now
24:36 all training strategies fit somewhere
24:38 along the scale where on one end you
24:40 have completely discretionary right so
24:42 there's you almost have no rules all the
24:45 way to 100% mechanical where literally
24:46 that is how you would have to have
24:48 something that you have coded into an
24:50 algorithm right where there is zero room
24:53 for human discretion in my opinion if
24:54 you are a manual Trader right so you're
24:56 human who executes your strategy I
24:58 believe The Sweet Spot is kind of around
25:00 that 70 to 80% Mark where you have some
25:02 room for human discretion as that's
25:04 actually what gives you an edge over
25:06 algorithms because you can take in all
25:08 of that information based on your
25:09 intuition and experience with many
25:11 different variables and choose whether
25:15 or not to execute a trade okay now even
25:17 if you had a strategy that is 100%
25:19 mechanical and you had an algorithm
25:21 executing it so you're not even getting
25:23 involved I've still seen people who have
25:25 this in their hands they have access to
25:27 an algo and they still let their
25:29 psychology get in the way and they mess
25:30 it up right it goes into a bit of
25:32 expected draw down but their brain can't
25:34 handle it their amigdala can't handle it
25:36 fight flight response comes in and they
25:37 turn off the algo and they wait until
25:39 they see the algo starting to make those
25:40 profitable trades again right and then
25:42 they turn it back on but if you know
25:43 anything about trading and trading an
25:45 edge that's a recipe for disaster
25:47 because you cannot predict when your
25:49 winning and losing trades will be okay
25:52 we are dealing with random distribution
25:54 so no matter what we need to rewire our
25:55 brains because the brain that we brought
25:57 to training cannot give you the success
26:00 you seek until you do this now rewire
26:01 your brain it sounds like a bit of an
26:03 iffy concept but scientists are now
26:04 proving that this is literally
26:06 biologically possible through
26:07 neuroplasticity which is the ability of
26:10 the brain to reorganize itself both in
26:12 structure and how it functions okay
26:13 beyond the scope of this lesson we're
26:15 not going to dive into uh you know the
26:18 exact science behind that but it's about
26:20 we need to become you know this is what
26:21 Randy how talks about learning to become
26:24 the designer of the mind that engages
26:25 that uncertainty of the market rather
26:27 than letting our fight uh you fight or
26:30 flight response taking over okay from
26:32 our primitive brains this way as he says
26:34 we move from the fantasy of trying to
26:37 control the outcome trying to control
26:38 what will happen in that individual
26:41 trade okay we cannot influence that
26:42 instead what can we influence we can
26:44 focus on the things that we can control
26:47 and we can control the mind that we
26:50 bring to managing that uncertainty so
26:51 what does that mean well it means that
26:52 when you have that uncy and risk on the
26:54 table and the trade's going against you
26:56 you don't interfere okay you feel the
26:59 emotion you do not act upon it like I
27:01 said here we have random distribution so
27:03 you might know your stats tell you that
27:05 your strategy has a 60% win rate in the
27:07 long run so our brains think yeah okay
27:08 every 10 trades we probably have six
27:11 winners and four losers but we have no
27:13 idea what sequence those wins and losses
27:15 will occur and that is an absolute mind
27:17 for us it's so hard to deal with
27:19 right because we want to win we don't
27:20 want to experience those pains and
27:22 losses we don't want to have three or
27:23 four trades loses in a row right we want
27:25 it to be predictable which is really
27:28 really hard to deal with so we need to
27:30 learn to manage the emotions that give
27:31 rise to the mind that engages that
27:33 uncertainty right we want to learn with
27:35 to approach it with discipline
27:37 impartiality and to be patient right to
27:39 have that long-term Vision so you're
27:41 always going to feel these emotions but
27:43 you need to learn to choose one thought
27:45 over another let your thinking brain be
27:47 in control and as Randy H says you need
27:49 to let go of the need to win and then
27:51 your job becomes one of performance
27:52 instead you need to win every trade it's
27:55 not like a sports game you need to be in
27:57 control of the things that you control
27:59 how do you do your analysis do you turn
28:02 up on time do you join all your trades
28:03 right all of these things and then when
28:05 you have that mental Edge in place that
28:07 is then what drives your strategy Edge
28:08 successful training is really those
28:10 three things having a profitable
28:11 strategy having the correct risk
28:13 management in place to allow it to play
28:15 out and then your mindset is what then
28:17 allows you to stick to your rules and to
28:19 allow that to play out you need all
28:21 three so a good analogy is to think of a
28:24 Trader's mindset as like a surfer okay
28:25 the surfer is not trying to fight or
28:28 control or predict the wave the surfer
28:30 lets whatever wave is produced whatever
28:31 price action the market wants to do and
28:33 he learns to go with the flow right he
28:36 learns how to deal with whatever way
28:37 whatever wave presents whatever way the
28:39 wave wants to move he learns how to deal
28:40 with it and go and you know goes with
28:41 the flow there so bit of a simple
28:43 analogy there but I think it's something
28:44 that kind of made a lot of sense to me
28:45 that help me to think about that not
28:47 getting attached to biases going with
28:48 the flow of how price action moves
28:49 literally think about about it as order
28:51 flow of you with um and yeah I think
28:53 it's a pretty cool way to think about
28:56 how we want to be because it's Paramount
28:58 to think the correct way otherwise
29:00 you'll be emotionally robbed of your
29:02 greatest opportunity now this secture
29:03 was inspired like I said earlier by Tom
29:05 hugard the Hermetic principles John D
29:09 Martini leis mocka and Randy how so do
29:11 feel free to to uh go diing deeper into
29:14 some of these resources if you so desire
29:16 so hopefully you now understand a little
29:18 bit more about the brain what it is that
29:20 we are trying to deal with why we make
29:22 those mistakes that we make because the
29:23 first step is understanding the why
29:25 because then that allows you to take the
29:27 responsibility of your actions going
29:29 forward you now know what you need to do
29:30 to start to work on that to start
29:32 becoming the designer of the mind to
29:34 start trying to regulate your emotions
29:36 so that we can not let our our amigdala
29:38 our lower animal mind keep taking
29:40 control and stopping us from making
29:42 those long-term decisions that are
29:44 conducive to profitable trading so the
29:47 short-term fix get a profitable strategy
29:48 the easiest way to do that is make it as
29:50 systemized and mechanical as possible
29:52 within reason prove your rules collect
29:54 data on it and then from there you can
29:56 build on it whilst long-term working on
29:58 developing the mindset so I really enjoy
30:00 this lecture you know there's a lot of
30:01 other people in there who have
30:02 influenced this that I've taken from and
30:03 kind of mixed it all together with those
30:05 philosophies that I've now applied to
30:07 trading um in a way that makes sense to
30:08 me so I hope you guys resonated with
30:10 that it's not it's not for everyone um
30:12 it is what it is but yeah if you like
30:14 that let me know in the comments
30:15 otherwise watch these next two videos to
30:17 make an instant Improvement to your
