0:02 most Traders jump from strategy to
0:04 strategy hoping that that will be the
0:06 fix that would finally make them
0:08 profitable but the truth is your brain
0:11 is hardwired in a way to keep you
0:13 failing as a Trader and the moment you
0:16 find a trading Edge even if it's a very
0:19 small Edge it's your job now to learn
0:22 how to manage your psychology so that
0:24 you can consistently stick to that edge
0:27 and reap rewards from the market so in
0:29 this video I'm going to show you why
0:31 your mind is currently wired the way it
0:34 is and how you can learn to rewire your
0:37 mindset so that when you finally have
0:39 that strategy that has even the smallest
0:41 Edge you can consistently stick to it
0:43 and you can get paid as a
0:47 Trader now the first idea is we need to
0:49 understand that the brain each and every
0:51 single one of us has in our head right
0:54 now has been developed over thousands of
0:57 years in a very particular way and
0:59 hundreds of thousands of years ago our
1:01 an ancestors were presented with very
1:04 different environments to what we have
1:07 today so thousands of years ago our
1:09 ancestors were put in environments that were
1:10 were
1:13 life-threatening they had situations
1:15 where they had a predator that wanted to
1:16 attack them and wanted to kill them and eat
1:17 eat
1:20 them whether that be a lion or a
1:23 saber-tooth tiger and our ancestors had
1:25 to develop a mechanism in their brain
1:28 that would label that as a threat as
1:30 something bad as something terrible
1:32 and would Kickstart the fight of flight
1:34 response so that they could keep
1:36 themselves safe from that threat they
1:39 could either fight that threat or flight
1:40 that threat run away from
1:43 it and really the mechanism that our
1:50 fear so too our ancestors lived
1:52 thousands of years ago in a very scarce
1:54 environment when when they were
1:56 presented with prey something that they
1:58 could consume and eat they had to take
2:00 full advantage of it
2:03 so we also had situations where our
2:06 ancestors had prey that they had to
2:09 consume and they had to eat and our
2:11 ancestors had to develop this greedy
2:14 mindset in that moment to capture all
2:16 that prey and consume all that prey
2:17 because without that they may die they
2:20 may starve whereas if they didn't have
2:21 that fear mechanism to keep them away
2:23 from the threat again they would die
2:25 because it would get attacked so
2:27 thousands of years ago fear and greed
2:29 were necessary to keep our ancestors
2:32 alive they were necessary as a survival
2:34 response now what you have to understand
2:36 is that human nature never gets rid of
2:38 old components it only builds new layers
2:42 on top of so you and I we all have this
2:44 same survival mechanism hardwired in our
2:47 brain we just have new layers built on
2:48 top of
2:51 that now when we're trading today
2:53 knowing that we have this same survival
2:56 mechanism inbuilt in our brain the issue
2:59 here is that our brain cannot
3:03 differentiate between a trading
3:07 loss and a saber-tooth tiger a true
3:10 life-threatening situation so too our
3:12 brain can't differentiate between a
3:15 trading win and prey or dinner that was
3:17 presented to our ancestors thousands of
3:19 years ago so our brain in particular
3:21 subcortical parts of the brain the
3:24 amydala can't make that difference so
3:27 when we're trading today sitting in a
3:29 very safe environment using proper risk
3:32 management as a Trader if we take a loss
3:35 our brain is going to perceive that in a
3:37 way that's life-threatening and it's
3:39 going to have that same fight ORF flight
3:41 response kickstarted that same fear
3:43 response kickstarted and our brain the
3:45 subcortical parts of our brain will
3:47 perceive the win as something that we
3:49 have to continue to to get and continue
3:52 to consume and hoard and have more of
3:54 because if we don't capture that win now
3:57 then that could mean starvation later
3:58 down the track that's what our
4:01 subcortical paths by of thinking so in
4:04 summary we have this survival mechanism
4:06 developed thousands of years ago it was
4:08 necessary thousands of years ago but now
4:10 today when we're trading in an air
4:12 conditioned apartment using proper risk
4:14 management we have to learn how to
4:17 manage and quiet down this survival
4:20 response so that we can consistently
4:23 stick to our plan irrespective of wins
4:25 and losses because every Trader
4:28 understands theoretically that over a
4:31 100 trades you're going to experience a
4:33 sample space some of those trades are
4:34 going to be
4:36 wins some of those trades are going to
4:41 be losses win loss win loss you're also
4:42 going to have a strike rate and an
4:45 average risk to
4:48 reward now ideally your strike rate is over
4:49 over
4:52 50% or around 50% and ideally your
4:55 average is to is at least one to two so
4:58 that means that every time you win your
5:00 winners are two times bigger than your
5:02 losses and what that means is that
5:04 sometimes you're going to win sometimes
5:06 you're going to lose but when you win
5:07 you win bigger than when you when you
5:11 lose so at the end of the larger sample
5:13 space you're going to end up profitable
5:16 now the issue here is if we don't manage
5:17 the survival mechanism what's going to
5:20 happen is we can only approximate this
5:22 Edge if we're strictly sticking to our
5:25 trading plan but if we take a win and
5:27 then we have that amular response
5:29 kicking in we're going to go off track
5:31 and we're going to go on a greed and a
5:33 self- exaggerated greed where we puff
5:35 ourselves up we exaggerate ourselves we
5:37 go into this greed State and we think we
5:38 can take more from the market than what
5:40 the Market's willing to present us and
5:43 we deviate from our our plan we minimize
5:45 the risk and we go for more even when
5:47 the market isn't ready for that and that
5:49 leads to losses that leads to us getting
5:53 off track from our Edge and so too when
5:55 the inevitable loss comes through
5:57 instead of just embracing that loss as
5:59 part of the sample space we have that
6:00 fear response that fight or flight
6:03 response kick in and again we deviate
6:05 from our plan we're too scared to
6:07 execute again in the market or we go on
6:09 to Revenge that loss and revenge trade
6:11 try and make it back immediately because
6:15 we're in this vlight response so as a
6:16 Trader it's critical that we learn to
6:19 manage our inbuilt survival response
6:22 it's critical that we learn to embrace
6:25 both winning and losing and we can
6:26 Embrace both winning and losing
6:29 unemotionally so that we can approximate
6:32 our larger sample space in our Edge and
6:34 it's it's crucial that we don't get too
6:37 zoomed in on the individual trade but we
6:40 focus more on the larger sample space
6:41 okay it's very very important because
6:45 our current win may be making up for for
6:47 you know future losses or it may be
6:50 compensating for past losses and our
6:51 current so it's we don't want to get
6:52 elided by that it's foolish to get
6:54 elided by a win because it's just
6:57 averaging out for our yearly average and
6:59 a current loss let's say this is the
7:00 current loss we talk that could be
7:03 making up for a win a very profitable
7:05 win in the past or that could be
7:07 compensating for a very profitable
7:09 future win to give us our monthly and
7:11 yearly average so it's foolish to get
7:13 elated over winning and depressed over
7:15 losing but if we don't know how to
7:16 manage this survival response that's
7:19 exactly what's going to happen Okay so
7:21 now I'm going to give you a solution to
7:24 this I'm going to show you how you can
7:26 start to quiet down the amydala the
7:28 survival response the subcortical part
7:30 of your brain
7:33 now to preface this a lot of the times
7:35 what Traders need to do is they need to
7:39 address the subconscious mind and what
7:41 that means is that in the subconscious
7:44 mind you have certain associations of
7:47 this event's good this event's bad
7:50 winning is good losing is bad in your
7:53 perception right being wrong is bad
7:55 being right is good we have these
8:02 mind and let's say for example we now
8:06 take a loss if that loss resonates with
8:07 one of the programs we have run in our
8:09 mind say for example this loss is
8:11 terrible it's life-threatening it's bad
8:13 I need to get away from losses that
8:15 script is going to run that's going to
8:17 affect your trading so the first thing
8:18 is I want to bring awareness to
8:22 everybody to understand that you have
8:24 to understand that you are programmed in
8:26 a very particular way based on your
8:29 subconsciously stored information and
8:31 assoc iations in your brain and if you
8:33 don't go in there and address that then
8:35 that subconscious programming is going
8:37 to impact the way you're making
8:39 decisions the way you're perceiving the
8:41 market and the way you react in that
8:44 moment now to give you actionable things
8:45 you can do as a Trader right
8:48 now one of the most important things you
8:51 can do to quiet down the emotional
8:53 response and start to rewire your brain
8:56 so that you can become profitable Trader
8:59 is to not be attached to the individual
9:02 trade being a win and what I mean by
9:06 this is the reason losing is so painful
9:08 is because you're so addicted to a
9:11 certain positive outcome a certain win
9:13 the only reason losing would be painful
9:15 is if you were Desiring over a win a
9:16 certain percentage a certain dollar
9:19 amount or maybe status or maybe payouts
9:20 something else that you've attached to
9:24 that win so Traders get extremely uh
9:27 emotional and activate the subcortical
9:29 parts of the brain in the amydala and
9:32 take losses so poorly because their
9:33 expectation is that this is going to be
9:35 a very positive win before they get into
9:39 that trade so as a Trader you need to
9:42 detach from the
9:45 outcome of the individual
9:47 trade and there's a couple things you
9:49 can do with this the first thing that I
9:50 encourage every single Trader to do is
9:52 to start using my bulletproofing mindset
9:55 tool this is a three-step process that
9:58 helps you identify ground unrealistic
10:00 expectations get you back to your
10:01 trading plan that's a completely free
10:03 tool that each of you can download in
10:05 the link in the description I give it to
10:07 all my six figure Traders and they have
10:10 crazy breakthroughs with that tool now
10:11 the second thing you can do is a
10:14 visualization exercise just before
10:16 you're about to take a trade visualize
10:18 both outcomes visualize an outcome where
10:21 it's a win the trade comes enters and it
10:23 hits your take profit it's a win and you
10:25 being unemotional about that detached
10:26 from the outcome of that individual
10:28 trade because remember it's not about
10:29 the outcome of the individual ual trade
10:31 it's about the arome of a largest sample
10:33 space and the second thing you can do
10:35 and you need to do is visualize the
10:37 trade entering and then hitting your
10:39 stop loss and you're being again
10:41 undeterred emotionally about that
10:43 outcome because the outcome of the
10:44 individual trade doesn't matter what
10:46 matters this is what you want to
10:48 visualize you sticking to your trading
10:51 plan and your processes irrespective of
10:53 the outcome and if you've already done
10:55 that visualization before the trade and
10:56 you've set those expectations that it
10:58 could be a win or a loss but I don't
11:00 care because I'm sticking to my trade my
11:02 trading plan on this individual trade
11:03 you've already done an enormous amount
11:06 of work to rewire your expectations and
11:10 rewire your reaction after the trade
11:13 okay now the third thing that you want
11:16 to do is alluded alluded to it before is
11:17 you want to
11:20 see a broader
11:22 perspective and what I mean by that is
11:25 if you're so attached to the individual
11:26 trade because maybe you're risking too
11:28 much on that individual trade or maybe
11:30 you're emotionally putting too much on
11:31 the individual trade thinking you can
11:34 get a payout or greater status whatever
11:37 it may be then so much relies on that
11:40 one trade being profitable and the
11:41 outcome of individual trades are
11:43 unpredictable as a Trader and there are
11:45 so many factors influencing price at any
11:47 one point in time that to predict the
11:48 outcome of the individual Trad is
11:50 impossible but the whole point here is
11:53 you don't need to you want to practice
11:55 good risk management only risk 1% or
11:58 less on an individual trade stick to
11:59 your trading plan on the individ ual
12:01 trade don't set expectations of what you
12:02 think is going to happen on that
12:04 individual trade and just trade your
12:07 plan irrespective of win and loss and
12:09 consistently stick to your plan so that
12:11 if that individual trades a loss it's no
12:13 big deal because you're seeing the
12:15 broader perspective win or loss and the
12:16 individual trade doesn't matter I'm
12:18 thinking about the largest sample space
12:20 because I know if I stick to my plan I
12:22 will end up profitable at the end of the
12:24 largest sample space so this is how you
12:28 start to rewire your brain into one that
12:30 is successful for trading and you start
12:32 to redefine how you see winning and
12:34 losing you start to redefine
12:36 expectations you set more realistic
12:38 expectations and you start thinking in
12:40 probabilistic thinking as opposed to
12:43 this has to be a win and when you do
12:45 that as a Trader you're more likely to
12:46 stick to your trading plan you're more
12:48 likely to keep the subcort parts of your
12:51 brain quiet and put the more advanced
12:53 parts of your brain in charge less
12:55 reactive Less in fight ORF flight less
12:57 likely kickstarting that survival
12:58 response and you're going to stick to
12:59 your plan you're going to build
13:02 consistent profitability so these are my
13:04 suggestions on how you start to rewire
13:06 your brain and start to succeed as tra
13:08 as a Trader but make sure you have
13:10 profitable Edge then implement this work
13:12 and you'll see incredible results in
