This Video Will Completely Change How You See Trading

00:20:18
https://www.youtube.com/watch?v=Ql_RYoT5vWU

الملخص

TLDRIn this video, the trader shares their journey of becoming profitable in trading within 16 months, focusing on a unique mindset that eschews strict timelines and embraces personal growth and learning. Key lessons include the importance of developing a trading edge, effective money management, and addressing psychological challenges. The trader learned to manage trades without emotional interference, emphasizing the need for self-awareness and journaling for continuous improvement. They advocate for a focus on one trade per day and a mindset shift towards treating trading behavior with discipline, akin to managing a business, ultimately achieving sustainability and balance in life alongside trading aspirations.

الوجبات الجاهزة

  • 🚀 **Focus on Learning**: Embrace a long-term approach without strict timelines.
  • 💡 **Develop an Edge**: Learn to trade with a personal strategy rather than following the crowd.
  • 📈 **Live Trading**: Early live trading helped gain experience but also introduced bad habits.
  • 🧠 **Psychological Awareness**: Understand and manage emotions to improve trading performance.
  • 📊 **Trade Management**: Stick to your analysis; avoid closing trades based on feelings.
  • 💰 **Act Bigger**: Trade as if managing larger capital to develop proper habits.
  • 📝 **Journaling**: Keep a trading journal for self-reflection and awareness.
  • ⚖️ **Balance is Key**: While focus is crucial, maintain a balance with life outside trading.
  • ✅ **Small Wins Matter**: Acknowledge consistent small percentage gains as success.
  • 👥 **Seek Guidance**: Consider mentorship for tailored support in trading development.

الجدول الزمني

  • 00:00:00 - 00:05:00

    The speaker shares their journey of becoming a profitable trader in just over a year, highlighting the importance of mindset. They emphasize not setting timelines for success, which can lead to unnecessary pressure and frantic trading. Instead, they focused on finding their own path and avoiding blind adherence to popular advice in trading. Starting with live trading despite having minimal knowledge, they gained experience quickly but also developed bad habits that they needed to address.

  • 00:05:00 - 00:10:00

    The speaker discusses the challenges of trading with a lack of experience and the psychological pitfalls that arose from it. After realizing the need for a proper strategy, they shifted their focus to finding an edge through backtesting and developed a more structured approach to trading. They stress the importance of loyalty to a consistent strategy to improve one’s edge over time and the need to overcome psychological issues that may hinder trading performance.

  • 00:10:00 - 00:15:00

    Transitioning into effective trading, the speaker describes their process of managing trades based on previously established strategies rather than emotional reactions. They found that holding trades according to their strategy, regardless of short-term movements, led to successful outcomes. The speaker argues that profitability emerges as the result of consistent discipline and focus on present trades rather than future expectations, comparing the trading journey to peeling layers off an onion.

  • 00:15:00 - 00:20:18

    The speaker concludes by addressing common misconceptions about trading, including the need for excessive screen time and emotional attachment to trades. They advocate for a mindset that prevents over-complication and highlights the importance of proper capitalization in trading. The session ends with a discussion about the personal sacrifices made for trading, underscoring the necessity for a balance in life and the value of intensive focus during training periods for skill development.

اعرض المزيد

الخريطة الذهنية

فيديو أسئلة وأجوبة

  • How long did the trader take to become profitable?

    The trader became profitable after approximately eight months.

  • What mindset did the trader adopt differently than most?

    The trader avoided giving themselves a strict timeline to succeed.

  • What was the impact of trading live from the beginning?

    It helped the trader gain experience quickly but also led to the development of bad habits.

  • What is a key point about trade management shared in the video?

    The trader learned to not close trades based on emotions and to stick with analysis.

  • How does the trader suggest approaching trading psychology?

    Self-awareness and journaling are emphasized as critical for understanding trading habits.

  • What is the advice regarding trading capital?

    Traders should act as if they are managing larger capital to develop proper trading habits.

  • What daily practice does the trader recommend?

    Focusing on one trade per day to improve discipline and understanding of their edge.

  • What is the trader's stance on social life while learning to trade?

    A temporary period of full focus on trading can lead to rapid improvement.

  • What does the trader suggest is a common mistake among novice traders?

    Many novice traders hold unrealistic expectations due to being undercapitalized.

  • What additional resources does the trader offer?

    Mentorship programs and webinars for additional trading insights.

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الترجمات
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التمرير التلقائي:
  • 00:00:01
    if you've clicked on this video you have
  • 00:00:02
    the chance to speed up your trading
  • 00:00:04
    journey by up to a year in just 20
  • 00:00:06
    minutes I've been trading for one year
  • 00:00:08
    and four months now and I've managed to
  • 00:00:10
    become profitable since my eighth month
  • 00:00:11
    into trading however since the beginning
  • 00:00:14
    I had a completely different mindset to
  • 00:00:15
    anything that I see on the YouTube space
  • 00:00:17
    so in this video I'm going to be
  • 00:00:18
    covering my journey and all the very
  • 00:00:20
    important lessons and specifics along
  • 00:00:22
    the way which allow me to progress at
  • 00:00:24
    the rate that I did this is not just
  • 00:00:26
    going to be the average trading video
  • 00:00:27
    you normally watch it's going to be 20
  • 00:00:29
    minutes straight me talking most people
  • 00:00:31
    can't sit through 20 minutes straight
  • 00:00:33
    cuz their do mean levels are too messed
  • 00:00:34
    up already that's just not even going to
  • 00:00:37
    make it possible for you to be a
  • 00:00:38
    profitable Trader so if you truly want
  • 00:00:40
    to make it make a promise to yourself
  • 00:00:41
    now that you'll watch this video all the
  • 00:00:43
    way through the value is going to be in
  • 00:00:45
    the information provided let's get
  • 00:00:47
    straight into it so for the first point
  • 00:00:49
    in this video how did I manage to
  • 00:00:51
    succeed so quickly well my goal was
  • 00:00:53
    completely not to succeed quickly in
  • 00:00:55
    trading pretty much the opposite mindset
  • 00:00:58
    to what everyone has now even everyone
  • 00:01:00
    tells himself okay I'm fine with it
  • 00:01:02
    taking 2 3 years subconsciously they're
  • 00:01:04
    actually not okay with it and they want
  • 00:01:06
    it to happen much quicker I'll giving
  • 00:01:08
    yourself a timeline in trading it's one
  • 00:01:09
    of the worst things you can do because
  • 00:01:10
    you end up forcing things to happen
  • 00:01:12
    within a certain amount of time that
  • 00:01:13
    they're not supposed to of course if it
  • 00:01:16
    starts getting closer to that deadline
  • 00:01:18
    you going be trading more frantically
  • 00:01:19
    and just have emotions that shouldn't be
  • 00:01:21
    there affecting your trades so the
  • 00:01:24
    number one Ru is don't give yourself a
  • 00:01:25
    timeline I didn't have any sort of idea
  • 00:01:28
    of when I wanted to become profitable
  • 00:01:30
    all I know was that on the first day of
  • 00:01:32
    learning trading I actually watched a
  • 00:01:33
    video from the trading geek as we know
  • 00:01:36
    now he's not actually a real Trader he
  • 00:01:37
    got dis spose for that a long time ago
  • 00:01:39
    but that's what I remember watching when
  • 00:01:40
    I first died right for the first 2 3
  • 00:01:42
    months I was following the same pretty
  • 00:01:44
    much bad influences the most people
  • 00:01:46
    following trading and he actually said
  • 00:01:48
    in that video trading will take 2 to
  • 00:01:50
    three years to become profitable now
  • 00:01:52
    when I heard this first thing I thought
  • 00:01:54
    was wow 2 3 years I'm going to purposely
  • 00:01:56
    make sure I find out what everyone
  • 00:01:58
    normally does and do the opposite and
  • 00:02:00
    make sure I don't get caught up with the
  • 00:02:01
    same things everyone's thinking now
  • 00:02:03
    that's how I thought from the first day
  • 00:02:05
    of actually watching trading on YouTube
  • 00:02:07
    right you can imagine how powerful this
  • 00:02:08
    was in the long term and how it was very
  • 00:02:10
    helpful for me to succeed because that's
  • 00:02:12
    the mindset I got into trading with I
  • 00:02:14
    wasn't just blindly following everything
  • 00:02:16
    if people were saying stuff here and
  • 00:02:18
    there I was actually thinking about
  • 00:02:20
    whether it was true or not finding out
  • 00:02:21
    whether it was true and this led me to
  • 00:02:23
    find good influences in the space very
  • 00:02:25
    quickly but the first factor that
  • 00:02:26
    actually helped me it also was a massive
  • 00:02:28
    negative at the same time and that was
  • 00:02:31
    that I started live trading from the
  • 00:02:33
    first day I ever watched a video on
  • 00:02:35
    Forex now this was a good thing and a
  • 00:02:37
    bad thing it allowed me to progress very
  • 00:02:40
    quickly but only because I was lucky
  • 00:02:41
    enough to find out the right information
  • 00:02:44
    and have the right intentions into what
  • 00:02:45
    I was doing if not this would have been
  • 00:02:48
    extreme negative so I was initially
  • 00:02:50
    starting out trading the one minute
  • 00:02:51
    chart I was just randomly placing
  • 00:02:53
    positions based off high highs and lower
  • 00:02:54
    lows that's the only thing I've learned
  • 00:02:56
    at the time this caused me to develop
  • 00:02:58
    extremely bad psycholog iCal habits cuz
  • 00:03:01
    I was not ready to be trading live
  • 00:03:02
    capital I was trading about a 5k Live
  • 00:03:04
    account which I lost all of and so this
  • 00:03:08
    allowed me two things one I gained
  • 00:03:11
    experience extremely quickly and
  • 00:03:12
    understood what psychology actually was
  • 00:03:14
    and how it was important two I developed
  • 00:03:17
    so many bad habits from doing this I had
  • 00:03:19
    a very bad trading addiction and I just
  • 00:03:21
    couldn't stop placing positions every
  • 00:03:23
    day I get to the charts Place random
  • 00:03:24
    positions I couldn't trade in The Edge
  • 00:03:26
    at all so while that's a bad thing I
  • 00:03:28
    found out very quick there was a bad
  • 00:03:30
    thing and so I had the intention to
  • 00:03:32
    overcome it this was a good thing
  • 00:03:34
    because I I'm now in a position where I
  • 00:03:37
    have live market experience which is one
  • 00:03:38
    of the most important things but I also
  • 00:03:40
    knew about the psychology I was doing
  • 00:03:42
    that was bad and where I had to get to
  • 00:03:45
    in order to be profitable so with this
  • 00:03:47
    in mind the next 6 months playing out
  • 00:03:50
    was all working on this now it took me
  • 00:03:51
    about 3 months to get over the
  • 00:03:54
    overleveraging and overtrading addiction
  • 00:03:56
    that I was in and to actually start
  • 00:03:58
    trading properly with one trade per day
  • 00:03:59
    an edge when this happened and I
  • 00:04:01
    actually did this for about a month
  • 00:04:03
    straight this is when I realized that I
  • 00:04:05
    didn't have an edge there was no way of
  • 00:04:06
    me ever knowing for cuz I was just
  • 00:04:08
    placing random trades every day and I
  • 00:04:10
    was
  • 00:04:10
    overleveraging after I tried to trade
  • 00:04:12
    with an edge I was placing one trade per
  • 00:04:14
    day max I was trading the 5 minute
  • 00:04:16
    charts I was trading normal supply and
  • 00:04:18
    demand now during this period I had no
  • 00:04:21
    success with Trading My Equity curve
  • 00:04:23
    stay break even my Max risk to reward
  • 00:04:26
    was 1 to1 1 to2 and pretty much I just
  • 00:04:29
    go for about 2 weeks straight trading
  • 00:04:31
    properly wouldn't really get anywhere
  • 00:04:33
    and eventually I'd just get frustrated
  • 00:04:35
    and the account would fall off so this
  • 00:04:36
    is when I realized I need a proper
  • 00:04:38
    strategy an actual good strategy with an
  • 00:04:40
    edge and this is when I started back
  • 00:04:42
    testing in extreme detail on how I
  • 00:04:43
    actually came to finding liquidity supp
  • 00:04:45
    demand so that's sort of the journey
  • 00:04:47
    that I took now when I first found it it
  • 00:04:49
    was in a very basic state it wasn't very
  • 00:04:51
    good and it didn't have the edge it has
  • 00:04:53
    now that's another thing the bonus of
  • 00:04:55
    trading the same strategy for a long
  • 00:04:56
    time you'll only get better at it and
  • 00:04:58
    you'll increase the strategies Edge just
  • 00:05:00
    a side point right there don't strategy
  • 00:05:02
    H right it's one of the worst things you
  • 00:05:03
    can do but anyways that's how I ended up
  • 00:05:06
    finding out my strategy and I had
  • 00:05:08
    overcome all the psychological problems
  • 00:05:10
    I started out with and I knew I had them
  • 00:05:12
    from about the second month in trading
  • 00:05:13
    here I was in a position where I had all
  • 00:05:15
    these factors coming together now after
  • 00:05:17
    this I tried to trade my actual Edge
  • 00:05:20
    liquidity supply and demand and for
  • 00:05:21
    about a month I still didn't have the
  • 00:05:23
    edge I still wasn't trading properly and
  • 00:05:26
    realized that that's cuz I couldn't hold
  • 00:05:27
    trades TP I was always closing the mar
  • 00:05:30
    which is something I would never do in
  • 00:05:31
    back testing so then I set out on the
  • 00:05:34
    mission how can I transfer my back
  • 00:05:35
    testing results into the live markets so
  • 00:05:38
    since that point I was always testing
  • 00:05:41
    whenever I back tested I was thinking
  • 00:05:43
    how would this be playing out in the
  • 00:05:44
    live markets how would I enter this in
  • 00:05:46
    real life and what would I be thinking
  • 00:05:48
    then instead of just putting on the stop
  • 00:05:50
    loss tool and playing out the trade in
  • 00:05:52
    under a second I was watching it in
  • 00:05:54
    detail and thinking in the live Markus
  • 00:05:56
    when this was playing out what would I
  • 00:05:57
    be thinking and I realized that there
  • 00:05:59
    was so many times where I closed the
  • 00:06:01
    position because of what I was seeing
  • 00:06:03
    and the reasons I was creating in my
  • 00:06:04
    head this is where I found out about the
  • 00:06:06
    mental bias everything that goes into
  • 00:06:08
    trading if you sit there looking at it
  • 00:06:09
    the whole time you're going to come up
  • 00:06:11
    with reasons obviously to close and just
  • 00:06:13
    going to come up with a bunch of
  • 00:06:14
    negative reasons right so of course
  • 00:06:15
    don't do that I was second overanalyzing
  • 00:06:18
    not trusting my first analysis so I
  • 00:06:20
    realized this is something I have to
  • 00:06:21
    overcome that's when I started every
  • 00:06:24
    single trade I enter I would always hold
  • 00:06:26
    stop bus or TP no matter what happened
  • 00:06:29
    and I did this for a long time and that
  • 00:06:31
    was extremely helpful because when this
  • 00:06:32
    happened I started getting good results
  • 00:06:35
    trades that looked terrible that were
  • 00:06:36
    about to lose would just hit TP in back
  • 00:06:38
    testing those would have hit TP cuz I
  • 00:06:40
    never closed in back testing that's how
  • 00:06:42
    I realized to not close the trade based
  • 00:06:44
    on anything that's happening after the
  • 00:06:45
    initial analysis at least with the Zone
  • 00:06:48
    based strategy which is what I is so
  • 00:06:50
    from this phase I started trading with
  • 00:06:52
    an edge and it took me about once two
  • 00:06:53
    months to actually get decent results
  • 00:06:55
    from being profitable so even though I
  • 00:06:57
    was profitable 2 months I didn't even
  • 00:06:59
    know or consider myself profitable until
  • 00:07:02
    about 4 months into the trading Journey
  • 00:07:04
    this is something that will happen
  • 00:07:05
    because profitability it just comes with
  • 00:07:07
    time as a byproduct of your discipline
  • 00:07:09
    it's not something that you decide to
  • 00:07:11
    have and then you get payouts and then
  • 00:07:12
    you know you're profitable it just comes
  • 00:07:14
    slowly over time eventually you'll just
  • 00:07:16
    have been trading in edge for a long
  • 00:07:17
    enough time and it would have just
  • 00:07:19
    happened without you even realizing so
  • 00:07:20
    the only thing you should focus on and
  • 00:07:22
    this is what I started focusing on from
  • 00:07:23
    very early it's only the trading day
  • 00:07:26
    that you're currently trading not in the
  • 00:07:28
    future not how I'm going to get funded
  • 00:07:30
    or get these payouts only focus on the
  • 00:07:32
    trade I'm currently taking one trade at
  • 00:07:34
    a time this mindset was very powerful
  • 00:07:37
    for me cuz that is what led me to those
  • 00:07:40
    first two months of profitable trading
  • 00:07:42
    where I didn't even know yet I was
  • 00:07:43
    actually profitable thought maybe it was
  • 00:07:46
    luck and looking back since then it
  • 00:07:48
    wasn't luck it's never stopped
  • 00:07:50
    profitable Trader that's just how it
  • 00:07:52
    happens there's not really a defining
  • 00:07:53
    moment it happens slowly trading I
  • 00:07:56
    always say it's like an onion you peel
  • 00:07:58
    back a layer you find something out
  • 00:08:00
    there's always so many more underneath
  • 00:08:02
    it's an endless game where you have to
  • 00:08:03
    be profitable is not at the bottom of
  • 00:08:05
    this onion once you've peeled back every
  • 00:08:06
    layer where you get profitable let's say
  • 00:08:08
    is in the middle of the onion you don't
  • 00:08:09
    need everything to be a profitable
  • 00:08:11
    Trader you don't need all the small
  • 00:08:13
    tweaks all these tiny little hacks all
  • 00:08:16
    these complicated stuff in the markets
  • 00:08:18
    it just has to be simple you have to be
  • 00:08:20
    following a good Edge when you uncover
  • 00:08:22
    about half of these points let's say
  • 00:08:24
    halfway through the on you're profitable
  • 00:08:26
    the rest is just refining your Edge and
  • 00:08:28
    fine tuning to increase increase your
  • 00:08:30
    profits in the long term or increase
  • 00:08:31
    your security and so just focusing on
  • 00:08:33
    one trade per day is very important once
  • 00:08:35
    you trades it allows you to do that
  • 00:08:37
    understand your Edge let an edge play
  • 00:08:38
    out see where you're actually going
  • 00:08:40
    wrong you have to be journaling this you
  • 00:08:41
    can actually see a good visual
  • 00:08:43
    representation of it and understand how
  • 00:08:45
    each decision you make has an effect on
  • 00:08:47
    your Equity curve I was doing this like
  • 00:08:49
    I mentioned from a very early stage in
  • 00:08:51
    my trading career and so this is how
  • 00:08:53
    everything sort of played out I didn't
  • 00:08:55
    have the social media mindset I'd heard
  • 00:08:57
    what the professional style of training
  • 00:08:59
    was and what it should look like that is
  • 00:09:01
    of course how I now know you have to be
  • 00:09:03
    a capital manager you're not a Forex
  • 00:09:05
    Trader on YouTube doing all these one
  • 00:09:06
    minute entries sniper entries all this
  • 00:09:08
    stupid stuff right you are a equity
  • 00:09:11
    manager I always like to say that you
  • 00:09:14
    own a business in a sense you have to be
  • 00:09:16
    sustainable conservative this is how of
  • 00:09:18
    course you'll unlock all the three
  • 00:09:19
    different levels of capital funding
  • 00:09:21
    Capital personal capital and investor
  • 00:09:23
    Capital right you have to be in that
  • 00:09:25
    type of mindset have a good track record
  • 00:09:27
    all those things to of course get an
  • 00:09:28
    investor in the first place so that's
  • 00:09:32
    how you should think of trading the
  • 00:09:33
    truth is that unfortunately I'd say even
  • 00:09:35
    95% it's a very high number of the
  • 00:09:38
    Traders on YouTube are not actually
  • 00:09:39
    profitable it's a sad State for the
  • 00:09:41
    industry to be in but that's how it is
  • 00:09:43
    at the moment and of course it makes
  • 00:09:45
    sense why so many Traders are lost in
  • 00:09:46
    such high Fairway because they're not
  • 00:09:48
    actually even trading they're just doing
  • 00:09:50
    random things just something else that
  • 00:09:52
    has been made up as trading and put on
  • 00:09:54
    the face of YouTube because it sounds
  • 00:09:55
    nice the number one tip I can give about
  • 00:09:58
    trading is is not caring about it it's
  • 00:10:01
    that simple not caring about trading
  • 00:10:02
    will make you good at it in the sense
  • 00:10:05
    that all you care about is just
  • 00:10:07
    analyzing the charts properly placing
  • 00:10:09
    your Trad if you have any waiting for
  • 00:10:10
    the setup and placing the trade that's
  • 00:10:12
    it just leave it's so simple I switched
  • 00:10:16
    from the 5 minute a few months ago in or
  • 00:10:18
    about four or five months ago now and
  • 00:10:22
    that was part of the reason for it I was
  • 00:10:23
    at the charts for too long I was caring
  • 00:10:25
    about it too much on the 5 minute and
  • 00:10:27
    also it wasn't professional or
  • 00:10:28
    sustainable so so that's why I switched
  • 00:10:30
    to 30 minute and since then I've never
  • 00:10:32
    looked back it's been so much better in
  • 00:10:34
    the sense that I can follow those steps
  • 00:10:36
    I can just place a trade let it play out
  • 00:10:38
    whatever happens happens all I have to
  • 00:10:40
    do or all my job is is to trade the edge
  • 00:10:43
    and enter the positions when I should
  • 00:10:45
    move stop loss to break even when I
  • 00:10:46
    should that's it it's so simple and when
  • 00:10:49
    you start over complicating it staying
  • 00:10:51
    at the charts for hours and hours that's
  • 00:10:52
    when you start getting bad habits creep
  • 00:10:54
    in bad psychology Creeps in CU you've
  • 00:10:55
    been sitting there for so long all these
  • 00:10:57
    things are just a detriment Traders and
  • 00:11:00
    they're not talked about how they should
  • 00:11:01
    be if they were there'd be a much higher
  • 00:11:03
    success rate and it really was just when
  • 00:11:04
    I took a step back did the step earlier
  • 00:11:06
    like I mentioned of just letting every
  • 00:11:08
    single trade either hit TP or stop loss
  • 00:11:10
    and not touching it that's almost a form
  • 00:11:12
    of not caring cuz no matter how it
  • 00:11:13
    looked I just let it play out now of
  • 00:11:15
    course once you get more advanced
  • 00:11:16
    there'll be actual times where you
  • 00:11:17
    should close the trade or manage it in
  • 00:11:20
    some type of way in the beginning though
  • 00:11:22
    I truly believe you should just not
  • 00:11:23
    touch it at all because this will give
  • 00:11:25
    you the mentality that you need to
  • 00:11:27
    become profitable so not caring about
  • 00:11:29
    trading one of the most powerful things
  • 00:11:31
    that actually allows you to become
  • 00:11:32
    successful at trading most people I see
  • 00:11:34
    they have such bad trading addiction
  • 00:11:35
    they're constantly trying to find trades
  • 00:11:37
    in the Market Force trades take trades
  • 00:11:40
    and if they're not doing that they don't
  • 00:11:41
    feel like they're trading when the
  • 00:11:42
    reality is being a Trader I'm hardly
  • 00:11:45
    even at the street being a Trader I'm
  • 00:11:47
    just living and doing stuff actually
  • 00:11:49
    analyzing the charts is probably like 1
  • 00:11:52
    to 2% of my day placing trade 1% that's
  • 00:11:55
    it that's the reality of being a Trader
  • 00:11:57
    it's not even that interesting once you
  • 00:11:58
    get there in the beginning I understand
  • 00:12:01
    the passion right I went through a phase
  • 00:12:03
    where I was back testing throughout the
  • 00:12:04
    entire day I've been through since like
  • 00:12:07
    2005 in the markets on all pairs I trade
  • 00:12:11
    that stage was necessary to have such a
  • 00:12:12
    good understanding but once you've done
  • 00:12:14
    that you have to break out the trading
  • 00:12:15
    addiction and understand that there's a
  • 00:12:17
    very high chance you have it because
  • 00:12:18
    trading is psychologically addicting it
  • 00:12:21
    can be the same as gambling and you have
  • 00:12:23
    to be a very self-aware person and very
  • 00:12:25
    real with yourself to actually realize
  • 00:12:27
    that in the first place so my fin point
  • 00:12:29
    in this video is about under
  • 00:12:31
    capitalization one reason I became
  • 00:12:33
    profitable so quickly is because I
  • 00:12:35
    realized and understood that I was under
  • 00:12:38
    capitalized and that was going to make
  • 00:12:39
    me trade different I had to trade if I
  • 00:12:42
    wanted to ever become profitable as if I
  • 00:12:44
    was trading large amounts of capital
  • 00:12:46
    while making £10 on a position I had to
  • 00:12:48
    pretend that was 1,000 otherwise I
  • 00:12:51
    wouldn't trade properly being under
  • 00:12:53
    capitalized leads you to making so many
  • 00:12:54
    stupid decisions you might take a trade
  • 00:12:57
    and it hits TP but your TP was only for
  • 00:12:59
    $15 until so you randomly extend it cuz
  • 00:13:02
    you don't care about $15 well guess what
  • 00:13:05
    now you're not trading with an edge and
  • 00:13:06
    you're not trading how you should be so
  • 00:13:08
    it's just going to take you longer to
  • 00:13:09
    actually get where you want to be even
  • 00:13:11
    though you might think you're making
  • 00:13:13
    more money that's just a short-term fix
  • 00:13:15
    a short-term fix will create long-term
  • 00:13:17
    problems so the way I did it was just
  • 00:13:19
    pretending that every single trade I was
  • 00:13:20
    taking everything I was doing was on a
  • 00:13:22
    100K account eventually I change this to
  • 00:13:24
    500k just to actually understand the
  • 00:13:27
    power I'd hit a 1 to three
  • 00:13:29
    and if I wasn't satisfied with it
  • 00:13:31
    essentially okay I should be up 3,000
  • 00:13:34
    now think about how powerful that is
  • 00:13:36
    being under capitalized causes you to
  • 00:13:38
    think a 5% month is a bad month 5% month
  • 00:13:41
    is an extremely good month on just
  • 00:13:43
    100K that's
  • 00:13:45
    5,000 most prop firms have 400 to 600k
  • 00:13:49
    challenges that's about
  • 00:13:51
    20,000 so if you guys think you always
  • 00:13:54
    have unrealistic expectations from being
  • 00:13:56
    under capitalized right they feel like
  • 00:13:58
    if they take only two trades per month
  • 00:14:00
    and they're up 4% that's bad I
  • 00:14:02
    understood this from about 5 months into
  • 00:14:04
    my trading Journey when I started
  • 00:14:05
    trading like this is when I actually got
  • 00:14:07
    close and started to reach these levels
  • 00:14:10
    of capital you can go on my Instagram
  • 00:14:12
    you guys will see the first time I got
  • 00:14:13
    funded 100K when that happened I pretty
  • 00:14:16
    much lost my Edge I lost my
  • 00:14:18
    psychological Edge cuz I couldn't handle
  • 00:14:20
    it and so this of course made me realize
  • 00:14:22
    more about psychology a lot of the
  • 00:14:24
    problems all it takes is experience to
  • 00:14:26
    actually understand that you have a
  • 00:14:27
    problem and I didn't know I thought my
  • 00:14:30
    psychology was fine trading and the 100K
  • 00:14:32
    Challenge and then it got to live
  • 00:14:33
    account and I couldn't handle it so I
  • 00:14:35
    had to scale back I did get a lucky
  • 00:14:37
    payout from that account even though I
  • 00:14:38
    was extremely nervous I took a payout
  • 00:14:40
    and then I lost the account so I
  • 00:14:42
    understood that I had to scale back most
  • 00:14:44
    people would get caught in a loop there
  • 00:14:46
    this is why you have to be extremely
  • 00:14:47
    self-aware as a Trader most people get
  • 00:14:50
    caught in a loop now they're only going
  • 00:14:51
    for 100k accounts cuz that's what
  • 00:14:53
    they're worth now and they're just going
  • 00:14:54
    to get caught in that forever I scaled
  • 00:14:57
    back and I dropped down to 10K accounts
  • 00:14:59
    and I built my way up slowly that's
  • 00:15:01
    almost an opposite view of what everyone
  • 00:15:03
    has in the trading industry think about
  • 00:15:04
    it some people can have never even
  • 00:15:06
    traded 2K live account and they're
  • 00:15:08
    trying to take 100K challenges just
  • 00:15:09
    thinking they'll be fine they don't
  • 00:15:11
    understand the psychology of money I was
  • 00:15:13
    lucky enough to understand the
  • 00:15:16
    psychology of money because from about 3
  • 00:15:18
    years I just happened to be making money
  • 00:15:20
    online off of SoundCloud 1 to 2K a month
  • 00:15:24
    this made me understand that I had very
  • 00:15:25
    bad psychology in terms of spending
  • 00:15:27
    money and I just could didn't keep it
  • 00:15:29
    right I had it at a young age with no
  • 00:15:31
    financial literacy every time it would
  • 00:15:33
    come into my account at the start of the
  • 00:15:34
    month by the end it would be gone every
  • 00:15:36
    single month will repeat for about 2
  • 00:15:38
    years so I had to learn the hard way of
  • 00:15:40
    course of how to actually deal with that
  • 00:15:42
    which was good cuz it gave me experience
  • 00:15:44
    but most people think that you're going
  • 00:15:45
    to get on 100K C and start trading
  • 00:15:47
    normally but of course you what you're
  • 00:15:48
    not going to be able to handle it so
  • 00:15:49
    start small work your way up sustainably
  • 00:15:52
    so yeah going back to the point of being
  • 00:15:53
    under capitalized right it causes you to
  • 00:15:55
    have unrealistic expectations when a 5%
  • 00:15:58
    to 10% month would be extremely good
  • 00:16:00
    imagine you funded 500k suddenly it's
  • 00:16:03
    not good enough for you you need to be
  • 00:16:04
    trading the 5 minute taking a trade
  • 00:16:05
    every single day right these are the
  • 00:16:07
    things being under capitalized causes
  • 00:16:09
    you need to be in the mindset that you
  • 00:16:11
    have lots of money you're trading lots
  • 00:16:12
    of money to even reach it in the first
  • 00:16:14
    place it's almost a form of
  • 00:16:15
    manifestation your brain just becomes
  • 00:16:17
    okay with it it's like you're used to it
  • 00:16:19
    already even though you don't have it
  • 00:16:21
    and that's what you need to do in order
  • 00:16:23
    to make it so the last point was that I
  • 00:16:25
    pretty much gave up everything for
  • 00:16:27
    trading and I don't actually recommend
  • 00:16:29
    doing this but it's very important to
  • 00:16:31
    have a balance in life understand that
  • 00:16:32
    now however at the time I was so into
  • 00:16:35
    trading that's all I did I gave up my
  • 00:16:37
    entire social life pretty much
  • 00:16:38
    everything and I was just inside
  • 00:16:40
    studying trading all day for those six
  • 00:16:43
    months straight non-stop now this was
  • 00:16:45
    something that allowed me to have a very
  • 00:16:47
    deep understanding of technicals and to
  • 00:16:50
    actually become self-aware very good
  • 00:16:52
    with psychology it's very important
  • 00:16:54
    meditation is very important for a
  • 00:16:55
    Trader journaling is very important
  • 00:16:56
    because it's all forms of
  • 00:16:57
    self-reflection and self awareness
  • 00:16:59
    without it you can never catch yourself
  • 00:17:01
    doing stuff in the moment only after
  • 00:17:03
    it's happened so you over leverage or
  • 00:17:05
    overtrade you know that's a bad thing
  • 00:17:06
    you still do it anyway after it happens
  • 00:17:09
    okay that was bad what was I even doing
  • 00:17:11
    to be able to catch yourself in the
  • 00:17:12
    moment you need that self-awareness
  • 00:17:14
    which like meditation is so powerful for
  • 00:17:15
    trading they go hand in hand and
  • 00:17:18
    journaling as well because it's
  • 00:17:20
    self-review and you'll constantly be
  • 00:17:21
    aware of the decisions you're making And
  • 00:17:23
    the emotions you're feeling as long as
  • 00:17:25
    you track them down in a journal so me
  • 00:17:26
    doing this of course it allow me to
  • 00:17:28
    progress quickly
  • 00:17:29
    now my stance on this is that of course
  • 00:17:31
    it's not a good thing to do this for too
  • 00:17:33
    long right I maybe did it for too long
  • 00:17:35
    and I went too far with that but that's
  • 00:17:36
    fine okay it's worked out in the end my
  • 00:17:39
    point is is that I feel like everyone
  • 00:17:40
    needs these periods obviously just to
  • 00:17:42
    show and Trust themselves they're
  • 00:17:43
    actually real how much do they want to
  • 00:17:45
    be a profitable Trader how badly do they
  • 00:17:47
    want it now this is sort of opposite I
  • 00:17:49
    suppose to not caring about trading but
  • 00:17:52
    everyone needs these periods where
  • 00:17:53
    they're just 100% locked in they're only
  • 00:17:56
    focusing on their goals and that will
  • 00:17:58
    just allow you to improve at such a
  • 00:17:59
    rapid Pace in all areas of life I'd say
  • 00:18:02
    3 to 4 months maybe everyone should
  • 00:18:04
    experience this just to understand if
  • 00:18:06
    you can do 3 4 months then you'll know
  • 00:18:08
    that you're actually worthy of success
  • 00:18:09
    because 3 to 4 months just being fully
  • 00:18:11
    locked in not doing anything else it
  • 00:18:13
    might not be the healthiest approach but
  • 00:18:15
    in my opinion I feel like everyone needs
  • 00:18:17
    to go through it at least once of course
  • 00:18:19
    now having a balance is definitely the
  • 00:18:21
    best and I recommend not doing that too
  • 00:18:23
    much maybe you just choose 3 months of a
  • 00:18:25
    year where you are fully locked in and
  • 00:18:27
    you don't do anything else as long as
  • 00:18:29
    you can handle it and it's not just
  • 00:18:30
    going to destroy anything in your life
  • 00:18:31
    of course don't be too extreme or do
  • 00:18:33
    anything stupid but as long as you can
  • 00:18:35
    handle it I definitely recommend it the
  • 00:18:37
    pace that I improved at during that
  • 00:18:39
    period it was ridiculous such rapid
  • 00:18:41
    advancement it was about 6 months
  • 00:18:42
    straight of just being purely locked in
  • 00:18:44
    and I didn't do anything else of course
  • 00:18:46
    this is not sustainable in the long term
  • 00:18:48
    don't do this any longer you need social
  • 00:18:50
    life right you need all this type of
  • 00:18:52
    stuff but if you truly want it you'll be
  • 00:18:54
    able to do that for 3 to 4 months and
  • 00:18:55
    you'll progress at an extreme rate so
  • 00:18:57
    that's going to wrap it up for this
  • 00:18:58
    video of course that's not everything
  • 00:19:00
    that helped me there's a few more points
  • 00:19:01
    here and there perhaps I'll go through
  • 00:19:03
    them in future videos I've already been
  • 00:19:04
    through them in Discord webinars Etc if
  • 00:19:07
    you guys are interested in joining I go
  • 00:19:09
    through a lot of information that's not
  • 00:19:10
    on the YouTube channel in there and I've
  • 00:19:12
    be getting amazing feedback about the
  • 00:19:13
    webinars Recently I also put all my
  • 00:19:15
    trades in there trade breakdowns daily
  • 00:19:17
    forecasts all the type of stuff so if
  • 00:19:19
    you're interested I'll have that link
  • 00:19:21
    pop up on screen or it's in the
  • 00:19:23
    description also onetoone mentorships
  • 00:19:25
    I've completely reamped the program to
  • 00:19:27
    actually take some some of you guys from
  • 00:19:29
    being unprofitable Traders all the way
  • 00:19:31
    to being profitable in the mentorship
  • 00:19:33
    now these are one-onone courses I'll
  • 00:19:34
    have them specifically designed for you
  • 00:19:36
    based on the things that you're
  • 00:19:37
    currently struggling with and the top
  • 00:19:39
    package has been designed so that you do
  • 00:19:40
    eight weeks on that you go off for 4
  • 00:19:42
    weeks by yourself and you'll pretty much
  • 00:19:44
    trying to implement everything within
  • 00:19:46
    these four weeks you'll have a lot of
  • 00:19:47
    self-development and you'll find out a
  • 00:19:49
    lot more things then you'll come back
  • 00:19:51
    after those four weeks and finish the
  • 00:19:53
    rest of the mentorship with the
  • 00:19:54
    knowledge that you've gained from being
  • 00:19:55
    off on your own for 4 weeks so it's been
  • 00:19:57
    designed very specific specifically to
  • 00:19:59
    help you guys even the small package is
  • 00:20:01
    the same but that's going to be it for
  • 00:20:02
    this video check that out Link in the
  • 00:20:04
    description as well if you're interested
  • 00:20:06
    and I'll see you guys in the next
  • 00:20:17
    one
الوسوم
  • trading journey
  • profitability
  • psychological challenges
  • money management
  • self-awareness
  • trading strategies
  • live trading
  • capital management
  • trading addiction
  • mentorship