The Untold Truth Behind ACTUALLY Making $10,000 / Month (Forex Trading)

00:38:39
https://www.youtube.com/watch?v=k5Bl_sP5qIU

Ringkasan

TLDRIn the video, the speaker discusses the nuances of achieving consistent success in trading, specifically making $10,000 a month. He explains that while the strategy for making money through trading is straightforward, the execution is challenging and requires more than just following a plan – it demands perseverance, consistent effort, and emotional resilience. He emphasizes the importance of having realistic expectations, learning from mistakes, and not giving up easily. A successful trader understands that educational roadmaps and proven strategies are crucial, but so is managing personal psychology and expectations. By focusing on and implementing a structured and disciplined approach, traders can progress towards their financial goals. According to the speaker, many traders fail because they set unrealistic expectations, rush the process, and aren't persistent enough. Success is redefined as the continuous pursuit of goals, and failure only occurs when one quits. The speaker shares a perspective that catering to one's trading discipline, edge, and mindset is as vital as the strategy itself. Additionally, he underscores the value of learning from experienced traders and continuously adapting strategies to achieve long-term success.

Takeaways

  • 💼 Making $10,000 monthly from trading is simple but not easy.
  • 🤔 Success requires mental resilience and perseverance.
  • 📊 Achieving financial freedom through trading involves realistic expectations.
  • 🚀 Success in trading comes from continuous effort without giving up.
  • 📈 The mindset defines success more than just strategies.
  • 🧠 Psychological strength is crucial in overcoming trading challenges.
  • 🔄 Consistent learning and adapting strategies are key to success.
  • 🔍 Follow proven strategies by experienced traders.
  • 📅 Be prepared for the long haul; don't set unrealistic time goals.
  • 🎯 Define success as the progressive pursuit of goals.

Garis waktu

  • 00:00:00 - 00:05:00

    The speaker discusses the simplicity yet difficulty of making $10,000 a month through trading. They emphasize that success in trading depends more on the individual's personal development than the strategy itself. The speaker has coached many traders, some achieving significant financial success while others have failed, highlighting that perseverance and not quitting are key to success.

  • 00:05:00 - 00:10:00

    The speaker elaborates on the misconception of success and failure, defining success as a progressive pursuit of goals and failure as giving up. One of the main reasons traders fail is due to unrealistic expectations and a lack of perseverance. Expectations need to be realistic, and traders must commit long-term to see genuine progress.

  • 00:10:00 - 00:15:00

    The speaker stresses the importance of managing expectations and planning for longer-term success. Highlighting stories of traders with varying success timelines, they argue that those with extended commitment are more likely to succeed. Quick results are unrealistic due to misconceptions about time and effort.

  • 00:15:00 - 00:20:00

    Emphasizing the significance of mentorship and proven strategies, the speaker notes that many traders fail by sticking to unsuccessful methods. They need to follow tried and tested methodologies and leverage the experiences of successful traders. Mentorship provides reliable roadmaps and can significantly shorten learning curves.

  • 00:20:00 - 00:25:00

    The discussion shifts to the necessity of having a structured trading strategy involving core concepts like supply, demand, market structure, and liquidity. These concepts need to be transformed into a mechanical system with rules. Importance is placed on testing, optimizing, and refining trading strategies based on these principles.

  • 00:25:00 - 00:30:00

    Optimization of trading strategy involves constant testing and refining using data. The speaker shares personal examples and explains how slight optimizations in strategy, such as modifying break-even and take-profit protocols, can lead to significantly better results. Continuous improvement and adaptation of strategy are crucial.

  • 00:30:00 - 00:38:39

    The final segment focuses on psychology's role in trading success, emphasizing that psychology only becomes relevant once a solid trading edge is established. Traders must manage emotions, stick to routines, maintain discipline, and continuously improve their strategies and psychological resilience. The speaker concludes by summarizing key principles that distinguish successful traders.

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Peta Pikiran

Mind Map

Pertanyaan yang Sering Diajukan

  • Is making $10,000 a month from trading easy?

    It's simple in theory but not easy in practice.

  • What's crucial for trading success according to the video?

    Personal perseverance and psychological resilience.

  • How is $10,000 a month achievable in trading?

    Through a 300K account with an average 4.5% monthly return minus fees.

  • Why do most traders fail according to the speaker?

    Due to unrealistic expectations and giving up too early.

  • How does the speaker define success and failure?

    Success is pursuing a goal progressively. Failure is quitting.

  • What lesson is crucial from the speaker's experience in trading?

    The importance of realistic expectations and consistent effort.

  • Why is psychological strength important in trading?

    It helps traders deal with emotional challenges and stick to their plans.

  • Does the speaker think instant success is possible in trading?

    No, success requires time, effort, and learning from mistakes.

  • What does the speaker recommend for achieving trading success?

    Following a proven strategy and learning from successful traders.

  • How does the speaker view setting timelines in trading goals?

    It's crucial not to rush but to be committed for as long as it takes.

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Gulir Otomatis:
  • 00:00:00
    making $10,000 a month from Trading is
  • 00:00:03
    actually very simple it's just not easy
  • 00:00:06
    in this video today I just want to talk
  • 00:00:08
    with you raw unfiltered just me and you
  • 00:00:12
    you know I'm here at the moment flying
  • 00:00:14
    from Dubai to London it's a Monday
  • 00:00:17
    morning and I'm able to do this because
  • 00:00:19
    I've been able to Achieve Financial
  • 00:00:21
    Freedom through trading and now it is my
  • 00:00:24
    goal to pass that on to as many Traders
  • 00:00:28
    as I possibly can and I've been
  • 00:00:30
    fortunate enough over the past few years
  • 00:00:32
    to have coached thousands of Traders
  • 00:00:35
    some of those Traders have gone on to
  • 00:00:37
    achieve multiple hundreds of thousands
  • 00:00:39
    of dollars in funding multiple five and
  • 00:00:41
    even six figures in actual verified
  • 00:00:44
    payouts and yet at the same time there
  • 00:00:47
    are other traders who failed so what is
  • 00:00:50
    it that separates the 5% of traders who
  • 00:00:53
    succeed with the 95% of traders who seem
  • 00:00:56
    to fail even though you've given them
  • 00:00:58
    the exact same Core Concepts the core
  • 00:01:01
    content the same road map the same
  • 00:01:04
    blueprint I think it's clear that it
  • 00:01:06
    doesn't come down to just the strategy
  • 00:01:09
    or just the concepts it comes down to
  • 00:01:13
    who you are as a person and so what I
  • 00:01:15
    wanted to share is some of the key
  • 00:01:17
    lessons that I've learned along the way
  • 00:01:20
    and through coaching thousands of other
  • 00:01:22
    traders in what it actually takes to
  • 00:01:24
    become a successful Trader and how you
  • 00:01:26
    can actually make $10,000 a month from
  • 00:01:28
    Trading so what I mean by $10,000 a
  • 00:01:32
    month is actually very simple is that
  • 00:01:34
    $10,000 a month from Trading is just one
  • 00:01:38
    live 300K account averaging 4 and 1
  • 00:01:41
    half% return a month minus the fees that
  • 00:01:45
    you have to pay back to the prop fund
  • 00:01:47
    that's $10,000 a month it's actually
  • 00:01:49
    very simple it's just one account at 45%
  • 00:01:52
    a month I have multiple different
  • 00:01:55
    edges and each of those edges in the
  • 00:01:58
    year of 2023
  • 00:02:01
    collectively returned well over
  • 00:02:05
    150% now did I capitalize on all of that
  • 00:02:09
    150% no because I'm like you human also
  • 00:02:14
    did I miss certain setups did I you know
  • 00:02:18
    cut winners early did I make the human
  • 00:02:21
    types of mistakes that you know all
  • 00:02:23
    Traders seem to make yes of course I am
  • 00:02:26
    not perfect I'm not a robot I'm human
  • 00:02:29
    but at the same time time I was able to
  • 00:02:31
    capitalize on a lot of those gains
  • 00:02:33
    because I had the edges in place and I
  • 00:02:35
    had the sound psychological Frameworks
  • 00:02:37
    in place also so that point being is
  • 00:02:40
    that 42% a month is extremely extremely
  • 00:02:44
    achievable and actually $10,000 a month
  • 00:02:47
    from Trading is just the beginning so
  • 00:02:51
    why is it then that most Traders can't
  • 00:02:54
    get there why is it that 95% of Traders
  • 00:02:57
    have fake to understand that we first
  • 00:03:00
    actually have to understand what is
  • 00:03:03
    failure and what is success right
  • 00:03:05
    everybody has their own definition of
  • 00:03:07
    failure everybody has their own
  • 00:03:09
    definition of success and I'm here to
  • 00:03:11
    tell you the truth about failure and the
  • 00:03:13
    truth about success by its actual
  • 00:03:15
    meaning you see success is the
  • 00:03:20
    progressive pursuit of a goal very very
  • 00:03:24
    simple you have a goal which is you know
  • 00:03:27
    point B you have your Baseline which is
  • 00:03:29
    where you are right now which is point a
  • 00:03:31
    so you have point a point B is your goal
  • 00:03:33
    and you are on that timeline you are on
  • 00:03:35
    that path and you are progressing
  • 00:03:37
    forward that is the definition of
  • 00:03:40
    success moving forward towards a goal so
  • 00:03:43
    what is failure failure is none other
  • 00:03:48
    than getting off the path which is in
  • 00:03:51
    other words quitting you can only fail
  • 00:03:54
    if you quit it is that simple so what is
  • 00:03:58
    it that all successful Traders have in
  • 00:04:01
    common is they just didn't give up they
  • 00:04:04
    persevered they've gone through all the
  • 00:04:06
    same issues I can guarantee you that any
  • 00:04:09
    successful Trader you know myself
  • 00:04:11
    included has failed more times than
  • 00:04:14
    you've even tried it that is the
  • 00:04:17
    difference the difference is is that we
  • 00:04:20
    just didn't give up we didn't quit we
  • 00:04:22
    had ruthless standards of ourselves in
  • 00:04:26
    terms of you know making sure that we
  • 00:04:28
    achieve what we set out to achieve so
  • 00:04:31
    success in many people's eyes is the end
  • 00:04:34
    goal in of itself but the thing is is
  • 00:04:36
    then you actually never attain success
  • 00:04:39
    because I guarantee you when you get to
  • 00:04:41
    $10,000 a month which is exactly what I
  • 00:04:43
    did when I got to $10,000 a month then
  • 00:04:46
    $10,000 a month was no longer something
  • 00:04:49
    that was a big deal now I wanted to get
  • 00:04:51
    to $50,000 a month and then $100,000 a
  • 00:04:55
    month and then 10 million a year and so
  • 00:04:58
    on and so on and so on and and the
  • 00:05:00
    reality is is I know traders that are
  • 00:05:02
    making $10 million a year that are
  • 00:05:04
    making more than $10 million of do a
  • 00:05:06
    year from Trading and they'll tell you
  • 00:05:09
    that their goals have now changed
  • 00:05:11
    because we are humans we are supposed to
  • 00:05:14
    just evolve continually evolve and grow
  • 00:05:17
    so if you define success as achieving
  • 00:05:20
    your goal then you will never be
  • 00:05:21
    successful because you will always have
  • 00:05:24
    another goal so you first need to
  • 00:05:26
    redefine what success means and success
  • 00:05:29
    literally is you are progressively
  • 00:05:32
    moving towards a God so if you are if
  • 00:05:35
    you are waking up every day and doing
  • 00:05:37
    something to get you closer to your goal
  • 00:05:39
    you are already successful and it's only
  • 00:05:42
    a matter of time of you continuing to
  • 00:05:45
    take that path that you will achieve
  • 00:05:47
    success so now we've got you know what
  • 00:05:49
    is success what is failure out of the
  • 00:05:51
    way why if failure is quitting why do
  • 00:05:56
    Traders quit what is it that forces
  • 00:05:58
    somebody to eventually just throw in the
  • 00:06:00
    towel and give up on their dreams and
  • 00:06:02
    I'll tell you one of the biggest reasons
  • 00:06:05
    that I've seen across the thousands of
  • 00:06:07
    traders that I've coached is
  • 00:06:10
    expectations plays a huge part in one's
  • 00:06:14
    own ability to succeed so when I set out
  • 00:06:17
    I told myself that I will not stop until
  • 00:06:21
    I win that was the expectations that I
  • 00:06:23
    set for myself doesn't matter how long
  • 00:06:25
    it takes I will do whatever I need to do
  • 00:06:27
    to win those were my standards that was
  • 00:06:30
    the expectations that I set there was no
  • 00:06:32
    timeline now did I want it as fast as I
  • 00:06:35
    possibly could yes absolutely and I'm
  • 00:06:37
    not saying that you shouldn't want it
  • 00:06:39
    fast you should want it fast you should
  • 00:06:41
    want it as fast as possible but you need
  • 00:06:43
    to accept the fact that it just takes
  • 00:06:46
    time so let me give you a scenario right
  • 00:06:50
    because the biggest mistake as I've just
  • 00:06:52
    said is that people set unrealistic
  • 00:06:54
    expectations so if we know then that
  • 00:06:57
    failure is just quitting by setting
  • 00:06:59
    yourself unrealistic expectations you
  • 00:07:02
    are before you even start setting
  • 00:07:04
    yourself up for failure I've seen so
  • 00:07:06
    many Traders and maybe some of you guys
  • 00:07:09
    are just the same as this who have some
  • 00:07:12
    wild expectations that you can get
  • 00:07:14
    ripped quick or you have no trade
  • 00:07:17
    experience and you think that you'll be
  • 00:07:18
    able to master this in 6 months or maybe
  • 00:07:20
    you already have a little bit of
  • 00:07:21
    experience and again you think you're
  • 00:07:22
    going to be consistently profitable
  • 00:07:24
    making $10,000 a month in 6 months in 3
  • 00:07:27
    months right in 90 days if I just do XY
  • 00:07:29
    then in 90 days I'll get there you're
  • 00:07:32
    setting yourself up for failure Ray Delo
  • 00:07:35
    one of the guys that I study heavily if
  • 00:07:37
    you don't know R alio he is essentially
  • 00:07:39
    where the ex CEO and owner of
  • 00:07:43
    Bridgewater which is a the world's
  • 00:07:45
    largest um investment fund they manag
  • 00:07:48
    you know multiple multiple billions of
  • 00:07:50
    dollars and yeah he's a he started as a
  • 00:07:52
    Trader very young and eventually you
  • 00:07:56
    know started managing wealth on a more
  • 00:07:58
    of a macro scale so he became you know
  • 00:08:01
    um positioned in the markets and the
  • 00:08:04
    biggest lesson that I've taken from him
  • 00:08:06
    at this moment in time is he has this
  • 00:08:09
    principle which is everything will take
  • 00:08:12
    longer than you think it will because as
  • 00:08:15
    humans we for some reason have a really
  • 00:08:18
    bad understanding of time in fact for
  • 00:08:20
    some reason we think we can do things
  • 00:08:22
    way faster than we can think it was Tony
  • 00:08:23
    Robbins who said we overestimate what we
  • 00:08:26
    can achieve in a year but underestimate
  • 00:08:29
    what we can achieve in a decade right as
  • 00:08:32
    humans we have this very shortterm lens
  • 00:08:35
    of thinking we want things fast and
  • 00:08:38
    there's no surprise I mean in today's
  • 00:08:40
    day and age we live in you know this
  • 00:08:44
    world of instant gratification I mean
  • 00:08:46
    you can literally get anything you want
  • 00:08:49
    in the snap of a finger in the push of a
  • 00:08:51
    button you can have all of your desires
  • 00:08:54
    fulfilled I mean think about it you
  • 00:08:55
    could literally pull your phone out
  • 00:08:56
    right now if you're hungry you could
  • 00:08:58
    click a few buttons and there'll be food
  • 00:09:00
    on the way to your door or if you're
  • 00:09:03
    bored and you want to be entertained you
  • 00:09:05
    can pull your phone out and just swipe
  • 00:09:07
    Tik Tok or Instagram and just get
  • 00:09:09
    dopamine after dopamine hit right you
  • 00:09:12
    have access to all of these instant
  • 00:09:14
    Pleasures that you know 50 years ago 100
  • 00:09:17
    years ago humans a species never had and
  • 00:09:20
    whilst there are many positives about
  • 00:09:23
    the evolution of you know instant
  • 00:09:26
    gratification comes with it a lot of
  • 00:09:28
    negatives also because now we think that
  • 00:09:31
    everything can be instant we've become
  • 00:09:34
    accustomed and got used to this idea
  • 00:09:36
    that if I want it I can have it and I
  • 00:09:37
    can have it fast and the thing is
  • 00:09:40
    Success doesn't work that way one thing
  • 00:09:43
    that hasn't changed is that success
  • 00:09:45
    takes time it takes effort it takes work
  • 00:09:48
    it takes perseverance it takes struggle
  • 00:09:50
    takes sacrifice and many people because
  • 00:09:53
    of what they've done to their brain
  • 00:09:55
    aren't ready to accept that so all this
  • 00:09:57
    to say people said that expectations
  • 00:10:00
    that they can get it fast and what
  • 00:10:02
    happens is when they realize that that
  • 00:10:04
    six-month goal you had now you're 4
  • 00:10:07
    months in and you're realizing like damn
  • 00:10:10
    I'm so far away from this goal what's
  • 00:10:12
    happening to me now you only have two
  • 00:10:14
    months to achieve your goal and now
  • 00:10:17
    you've got that pressure on yourself and
  • 00:10:19
    you begin to get into this mindset of
  • 00:10:21
    you know it's it's not possible I can't
  • 00:10:24
    do it so month six comes around and
  • 00:10:28
    you've set the goal of I'm going to
  • 00:10:29
    going to be here at month 6 you get to
  • 00:10:31
    month 6 you're nowhere near the goal and
  • 00:10:35
    now you have the perception the
  • 00:10:36
    distorted
  • 00:10:38
    perception that it's impossible you
  • 00:10:41
    didn't achieve it you can't do it it's
  • 00:10:43
    impossible you know it's a scam it
  • 00:10:46
    doesn't work and so you quit because you
  • 00:10:49
    set yourself up with unrealistic
  • 00:10:50
    expectations from the beginning so
  • 00:10:52
    little did you know you set yourself up
  • 00:10:54
    for failure from the moment that you
  • 00:10:57
    first began versus take a another Trader
  • 00:10:59
    another Trader says you know what I'm
  • 00:11:01
    going to give myself two years two years
  • 00:11:04
    and I'm going to go all in and I'm going
  • 00:11:06
    to commit to going balling for two years
  • 00:11:08
    and going see what happens my goal is to
  • 00:11:11
    do it as fast as I can but I'm willing
  • 00:11:14
    to commit 2 years to achieve this goal
  • 00:11:16
    bear in mind guys 2 years is such a
  • 00:11:20
    short amount of time right I'm 23 at
  • 00:11:24
    this moment you guys are all different
  • 00:11:26
    ages but I'm 23 ring and I think with
  • 00:11:30
    the technology that we have I'm probably
  • 00:11:31
    going to live to 100 years old I'm 23 I
  • 00:11:34
    haven't even lived a third of My Life 2
  • 00:11:38
    years from now I'll be 25 and I still
  • 00:11:42
    will have only lived 25% of my life so
  • 00:11:46
    when you put two years into perspective
  • 00:11:49
    of your entire life it is such an
  • 00:11:53
    insignificant amount of time and the
  • 00:11:55
    truth is that 2 years is going to pass
  • 00:11:57
    by whether you like it or not so two
  • 00:12:00
    years to completely change your life and
  • 00:12:03
    set yourself up Financial Independence
  • 00:12:05
    for financial stability for Financial
  • 00:12:08
    Freedom is nothing so now you take that
  • 00:12:11
    Trader who set himself the goal of I'll
  • 00:12:14
    do anything that it takes and I'm going
  • 00:12:16
    to commit to this for two years and then
  • 00:12:18
    you know what if in the end of two years
  • 00:12:20
    if I haven't got it and I don't think
  • 00:12:21
    I'm progressing then I'll change and
  • 00:12:23
    then maybe I'll do something else but
  • 00:12:25
    now he has 2 years to play with so let's
  • 00:12:27
    say I bring those two Traders into my
  • 00:12:29
    program and the one has the expectation
  • 00:12:32
    that in 6 months he's going to be a
  • 00:12:33
    profitable Trader the other has said you
  • 00:12:35
    know what I'm going to commit to this
  • 00:12:37
    fully for two years straight by by month
  • 00:12:39
    six the one Trader has failed on his
  • 00:12:42
    goal so he now in his head is a failure
  • 00:12:46
    so he's a failure he didn't succeed and
  • 00:12:49
    therefore it's automatically
  • 00:12:50
    subconsciously it's time to quit I
  • 00:12:53
    didn't hit my goal I tried I did my best
  • 00:12:56
    I didn't succeed onto the next thing and
  • 00:12:58
    you know what then the go and try Drop
  • 00:12:59
    Shipping for 6 months they'll go and try
  • 00:13:02
    affiliate marketing build an agency and
  • 00:13:04
    they'll go and do all these different
  • 00:13:06
    things with these unrealistic
  • 00:13:08
    expectations and they wonder why they
  • 00:13:09
    never succeed at anything because
  • 00:13:11
    trading is no different to anything else
  • 00:13:13
    that you want to succeed at it still
  • 00:13:14
    takes the same principles the same
  • 00:13:17
    processes that anything else takes it's
  • 00:13:20
    just the journey is a little bit
  • 00:13:22
    different so the person who had the
  • 00:13:24
    expectation you know they set themselves
  • 00:13:26
    two years to achieve this goal you take
  • 00:13:28
    both of the Traders now they're at monk
  • 00:13:30
    six this Trader here is about to quit
  • 00:13:33
    whether he knows it or not he's about to
  • 00:13:35
    quit because when monk six comes let's
  • 00:13:37
    say he continued by month seven he's
  • 00:13:39
    thinking I should have already had this
  • 00:13:40
    by now I don't have it something's wrong
  • 00:13:42
    with me I don't know how to do this it's
  • 00:13:44
    impossible this just doesn't work for me
  • 00:13:46
    all of these all these beliefs start to
  • 00:13:48
    come up subconsciously because he's
  • 00:13:49
    created the environment for that I can't
  • 00:13:51
    do it it's not for me it doesn't even
  • 00:13:52
    work is it all even real maybe it's just
  • 00:13:54
    all a scam maybe everyone's just a liar
  • 00:13:56
    these are the things that they have and
  • 00:13:57
    then they doubt themselves and then
  • 00:13:59
    immediately based off of that they've
  • 00:14:01
    already lost they've lost the battle
  • 00:14:03
    because half of the battle is won by
  • 00:14:06
    just believing in yourself and your
  • 00:14:08
    ability to be able to achieve it the
  • 00:14:10
    moment that you have doubt whether
  • 00:14:13
    you're going to be able to achieve it or
  • 00:14:14
    not it's already game over so that guy
  • 00:14:17
    who came in and give himself a six
  • 00:14:18
    months expectation of being profitable
  • 00:14:20
    you know by month six he's on the way
  • 00:14:22
    out by month seven month eight he's a
  • 00:14:24
    gonner right because the reality is is
  • 00:14:26
    when he's still there and he's still
  • 00:14:27
    losing trade still Los in trades and
  • 00:14:29
    things of this nature he's a gunner
  • 00:14:31
    right versus the other person who set
  • 00:14:33
    himself for 2 years 6 months in he's
  • 00:14:36
    looking at all of the progress he's made
  • 00:14:38
    and he's actually thinking a different
  • 00:14:39
    mindset he's thinking wow the amount
  • 00:14:42
    that I've learned from the day that I
  • 00:14:44
    started to month six right now is insane
  • 00:14:46
    I'm a completely different Trader and I
  • 00:14:49
    have still have 18 months to achieve my
  • 00:14:51
    goal I'm probably even going to achieve
  • 00:14:54
    my goal quicker than I thought and what
  • 00:14:57
    does that give him it gives him the
  • 00:14:58
    belief the inspiration to continue doing
  • 00:15:02
    what he's done to get him to this qu
  • 00:15:05
    because the truth is is at the end of
  • 00:15:07
    the day it takes as long as it takes
  • 00:15:10
    right it's going to take as long as it
  • 00:15:12
    takes for you to do the actions that you
  • 00:15:14
    need to do some Traders get it faster
  • 00:15:17
    than others because they follow a
  • 00:15:19
    different road map they follow a
  • 00:15:20
    different process right I've had traders
  • 00:15:23
    who have come to me and into my program
  • 00:15:27
    who have been trading for seven years
  • 00:15:30
    and haven't found any level of success
  • 00:15:33
    and yes within 6 months have gone on to
  • 00:15:35
    get you know 200k funding 300K funding
  • 00:15:38
    take their first $110,000 one of them
  • 00:15:41
    Michael he was literally trading for
  • 00:15:42
    seven seven years I'm using his example
  • 00:15:45
    traded for seven years he was working as
  • 00:15:46
    a cashier and he joined and within six
  • 00:15:49
    months was profitable and got his payout
  • 00:15:52
    so for him he had already built the the
  • 00:15:55
    main foundation for his trading
  • 00:15:58
    psychologically
  • 00:15:59
    the only thing that he was missing was
  • 00:16:01
    you know the road map of building the
  • 00:16:03
    edge and once he had that once he knew
  • 00:16:06
    how to build the edge how to test the
  • 00:16:08
    edge how to take the edge to the live
  • 00:16:09
    market he just needed to follow that and
  • 00:16:11
    then he was ready to achieve the success
  • 00:16:14
    that he achieved but other Traders
  • 00:16:15
    aren't ready to do that and so another
  • 00:16:18
    thing that indicates success is
  • 00:16:20
    obviously the mental that you have the
  • 00:16:23
    fastest way to achieve success is simply
  • 00:16:26
    just to find someone who's already done
  • 00:16:28
    it and and do exactly what they tell you
  • 00:16:30
    mirror the process you don't have to
  • 00:16:32
    reinvent the wheel right you don't have
  • 00:16:35
    to you don't have to do something new
  • 00:16:38
    just do something that somebody's
  • 00:16:40
    already done that has a track of track
  • 00:16:42
    record of success and copy it why would
  • 00:16:46
    you try and do anything other than that
  • 00:16:48
    that's the fastest way and the most
  • 00:16:50
    secure way of achieving success now
  • 00:16:52
    unfortunately the real the sad reality
  • 00:16:54
    is is that there is a lot of BS online
  • 00:16:58
    on YouTube and things of this nature
  • 00:17:00
    there's a lot of get rich quick there's
  • 00:17:02
    a lot of false promises there's a lot of
  • 00:17:04
    traders who say their Traders and to be
  • 00:17:07
    quite Frank they aren't right I'm not
  • 00:17:09
    going to mention no names but most of
  • 00:17:11
    the industry is full of BS so you know
  • 00:17:14
    unfortunately many Traders get stuck in
  • 00:17:16
    the Trap Of You Can it can take you a
  • 00:17:19
    long time to even find a mentor who
  • 00:17:23
    actually has the ingredients for Success
  • 00:17:25
    because you know let's say you're
  • 00:17:27
    cooking a pasta dick right it doesn't
  • 00:17:30
    matter how many times you try how long
  • 00:17:33
    you spend cooking the pasta dish if you
  • 00:17:35
    don't have the right recipe if you don't
  • 00:17:37
    have the right ingredients you're never
  • 00:17:39
    going to be able to recreate the pasta
  • 00:17:40
    dish you're never going to be able to
  • 00:17:41
    successfully create what it is that
  • 00:17:43
    you're trying to create because you're
  • 00:17:44
    building from a FY foundation so
  • 00:17:47
    obviously you know you have to find a
  • 00:17:49
    mentor who actually has a track record
  • 00:17:52
    of creating the same level of success
  • 00:17:55
    that you want in other people because
  • 00:17:57
    otherwise you know how are you you going
  • 00:17:59
    to achieve that another success you do
  • 00:18:01
    need a blueprint can you achieve it on
  • 00:18:03
    your own yes it's just going to take way
  • 00:18:04
    longer because you have to figure
  • 00:18:06
    everything out for yourself and
  • 00:18:08
    unfortunately which leads me on to my
  • 00:18:10
    next point is another huge mistake that
  • 00:18:12
    I see Traders make is they are literally
  • 00:18:15
    following the definition of insanity for
  • 00:18:18
    those of you who know who Albert
  • 00:18:20
    Einstein is one of the smartest Minds to
  • 00:18:22
    ever grace the Earth so Einstein had
  • 00:18:25
    this concept that Insanity the
  • 00:18:28
    definition of insanity was doing the
  • 00:18:30
    same thing over and over again and
  • 00:18:33
    expecting a different outcome and that's
  • 00:18:36
    what happens to a lot of Traders they
  • 00:18:37
    get caught in this Perpetual cycle of
  • 00:18:40
    failure when they're trying to do it
  • 00:18:42
    alone because they don't actually have
  • 00:18:44
    any guidance so let's say for example
  • 00:18:47
    you know you you don't know what you
  • 00:18:48
    don't know right so Traders are trying
  • 00:18:52
    to take a funder Challenge and they
  • 00:18:55
    failed that funder Challenge and they
  • 00:18:57
    don't really know why they failed to
  • 00:18:59
    take why they failed the funder
  • 00:19:01
    challenge but then they just do the same
  • 00:19:03
    thing again anyway they take another
  • 00:19:04
    funder challenge or even if they're even
  • 00:19:07
    if they're paper trading or trading a
  • 00:19:08
    demo account or their personal account
  • 00:19:11
    they're taking trades they finish the
  • 00:19:12
    month negative and then they just try to
  • 00:19:15
    do the same thing again they are
  • 00:19:17
    expecting a different outcome by
  • 00:19:19
    following the same actions that got them
  • 00:19:23
    the original outcome that's insanity and
  • 00:19:26
    so unfortunately that is what a lot of
  • 00:19:28
    Traders are actively do it they are
  • 00:19:31
    genuinely in this Perpetual cycle of
  • 00:19:33
    failure because they're stuck doing the
  • 00:19:35
    same thing over and over again expecting
  • 00:19:37
    different results but keep getting the
  • 00:19:39
    same outcome which is ultimately just
  • 00:19:41
    failure so it's of significant
  • 00:19:44
    importance that you follow a proven
  • 00:19:47
    system a proven road map to
  • 00:19:50
    success and again like I said the way to
  • 00:19:54
    do that is to reverse engineer success
  • 00:19:57
    so when I ask myself
  • 00:19:59
    or when someone ask me you know what is
  • 00:20:02
    the core principle or what is one of the
  • 00:20:04
    biggest reasons that you think that
  • 00:20:06
    you're a successful Trader While others
  • 00:20:08
    are losing Traders the answer to that is
  • 00:20:11
    simple I focus on inputs I reverse
  • 00:20:15
    engineered success if I take a goal I'm
  • 00:20:18
    here right now I want to get to there I
  • 00:20:20
    need to reverse engineer it from here
  • 00:20:23
    down to where I am and that's going to
  • 00:20:25
    leave a
  • 00:20:27
    blueprint a of actions that I need to
  • 00:20:30
    take things that I need to do that will
  • 00:20:33
    progressively get me to this level so
  • 00:20:36
    I'm at Point a and I need to go to point
  • 00:20:38
    B point B is consistently profitable
  • 00:20:41
    with a proven Edge that I can
  • 00:20:43
    continuously repeat that's backed by
  • 00:20:45
    data that gets me you know the amount of
  • 00:20:49
    percentage gain that I need on average
  • 00:20:51
    each month to get funded to start taking
  • 00:20:53
    payouts to start building my personal
  • 00:20:54
    Capital that's my goal I need to reverse
  • 00:20:56
    engineer that goal to where I am and
  • 00:20:59
    look at what are the steps that I need
  • 00:21:01
    to take I need to identify all of the
  • 00:21:04
    things that I need to do then I need to
  • 00:21:07
    organize them and order them in priority
  • 00:21:10
    from step one to step 10 and then I need
  • 00:21:13
    to do them step by step that is the
  • 00:21:16
    thing that I did that's different to
  • 00:21:19
    everyone else who's currently failing
  • 00:21:20
    because the truth is is if you do that
  • 00:21:22
    process if you reverse engineer your
  • 00:21:24
    goal to the point where you know
  • 00:21:26
    everything that you need to do and then
  • 00:21:28
    you do it
  • 00:21:29
    success is an inevitability but Traders
  • 00:21:32
    don't and I think the main reason is is
  • 00:21:34
    because they just don't understand that
  • 00:21:36
    concept which is why I create these
  • 00:21:38
    videos because I want to share those
  • 00:21:40
    things with you I have a genuine
  • 00:21:42
    interest in having a positive impact on
  • 00:21:45
    an industry full of BS so yeah it's it's
  • 00:21:50
    that simple there are certain things
  • 00:21:52
    that you need to do in order to achieve
  • 00:21:55
    success and you need to be able to
  • 00:21:56
    identify them and then you need to be
  • 00:21:58
    able to prioritize them and then you
  • 00:21:59
    need to be able to get to work and do
  • 00:22:01
    them so that is what input Focus looks
  • 00:22:04
    like whereas output focus is you know
  • 00:22:07
    somebody essentially has I am here where
  • 00:22:10
    I am this is my goal and then they
  • 00:22:13
    they're just taking a random route to
  • 00:22:14
    get there they're just trying random
  • 00:22:16
    things and hoping that they arrive at
  • 00:22:18
    the destination of success and the
  • 00:22:21
    reality is is the chances of you
  • 00:22:23
    accidentally stumbling upon success is
  • 00:22:25
    extremely low in probability
  • 00:22:28
    it's possible of course but even though
  • 00:22:31
    it is possible if it ever does happen
  • 00:22:33
    which is extremely unlikely it will have
  • 00:22:35
    taken you so much longer than if you
  • 00:22:37
    just followed a road map and if you find
  • 00:22:40
    a good Mentor they should already outlay
  • 00:22:43
    a road map for you what you need to do
  • 00:22:45
    the steps you need to do it and then all
  • 00:22:47
    your job is is to follow the plan do the
  • 00:22:50
    work put the time in make sure that
  • 00:22:53
    you're disciplined and stick to it and
  • 00:22:54
    then eventually you'll get there so one
  • 00:22:56
    them that we have inside of our program
  • 00:22:58
    is this idea of a Trader Dojo right so I
  • 00:23:01
    built this Dojo of all the resources
  • 00:23:05
    that a Trader would need in order to
  • 00:23:07
    achieve success so you know a a huge
  • 00:23:10
    part of achieving success if you reverse
  • 00:23:13
    engineering some of the biggest steps
  • 00:23:14
    that you need to have is number one
  • 00:23:17
    building your Core Concepts so what are
  • 00:23:19
    the what are the systems what are the
  • 00:23:22
    strategies what are the concepts that
  • 00:23:24
    you're going to be using to try to read
  • 00:23:27
    and predict price action to me
  • 00:23:29
    I use Smart many Concepts right SMC and
  • 00:23:33
    all SMC really is is just understanding
  • 00:23:37
    first principles it's understanding the
  • 00:23:40
    causation of price I mean think about it
  • 00:23:42
    what actually moves the market the
  • 00:23:45
    market only moves based off of two
  • 00:23:47
    things supply and demand and liquidity
  • 00:23:51
    that's it that's it literally those are
  • 00:23:53
    the only two things the only two reasons
  • 00:23:55
    that our Market Moves In fact you could
  • 00:23:57
    argue that the reality years is it's
  • 00:23:59
    only supply and demand that is economics
  • 00:24:01
    right the value the price of something
  • 00:24:04
    is determined based upon supply and
  • 00:24:06
    demand period that is literally it and
  • 00:24:08
    then I add liquidity in there because in
  • 00:24:10
    reality liquidity is an a concept in
  • 00:24:14
    which you can understand where there is
  • 00:24:17
    Supply and where there is demand very
  • 00:24:20
    similar to supply and demand zones and
  • 00:24:21
    Order blocks and of that nature it's
  • 00:24:23
    just understanding supply and demand and
  • 00:24:25
    then I add Market structure in there
  • 00:24:27
    because Market structure if you think
  • 00:24:28
    about it right we're trading this
  • 00:24:30
    concept of smart money Concepts and what
  • 00:24:33
    smart money Concepts is in very simple
  • 00:24:35
    terms is identifying the footprint of
  • 00:24:39
    the large players and trying to position
  • 00:24:42
    yourself in alignment with where they're
  • 00:24:44
    going to take the price because they've
  • 00:24:46
    already shown you where they want to
  • 00:24:48
    take the price and so I use Market
  • 00:24:50
    structure and my mechanistic rules for
  • 00:24:52
    Market structure just to indicate to me
  • 00:24:55
    the probability that we trade higher or
  • 00:24:57
    the probability that we trade lower so I
  • 00:24:59
    use Market structure to build a
  • 00:25:01
    directional bias and then I use supply
  • 00:25:03
    and demand and liquidity to help me
  • 00:25:05
    identify key areas and where I want to
  • 00:25:07
    get into the market so that's what I use
  • 00:25:10
    but you can use anything there's not to
  • 00:25:11
    say that you know supply and demand
  • 00:25:14
    liquidity Mark structure SMC is the Holy
  • 00:25:18
    Grail I in my opinion I do believe it is
  • 00:25:21
    genuinely Superior because it's derived
  • 00:25:23
    from first principles it's derived from
  • 00:25:25
    causation it's derived from why the
  • 00:25:27
    market does what it does whereas you
  • 00:25:30
    know your retail Concepts like let's say
  • 00:25:32
    trend lines or uh chart patterns like
  • 00:25:34
    Head and Shoulders or double tops or you
  • 00:25:37
    know these types of retail Concepts if
  • 00:25:40
    You' like although I understand they all
  • 00:25:41
    retail Traders I just mean that that's
  • 00:25:43
    the that's the the kind of name that
  • 00:25:46
    those Concepts have have gotten in the
  • 00:25:48
    industry you can be profitable with
  • 00:25:50
    those things there's no doubt about it
  • 00:25:52
    because the end of the day it just comes
  • 00:25:53
    down to do you have an edge is it
  • 00:25:55
    repeatable do you have the data do you
  • 00:25:56
    have risk management if it was works it
  • 00:25:58
    works it's that simple I just chose this
  • 00:26:01
    style of trading because ultimately it
  • 00:26:04
    is for me Superior it works right so if
  • 00:26:07
    it is a broke don't fix it and I
  • 00:26:09
    personally derive value and satisfaction
  • 00:26:13
    from being able to read price and read
  • 00:26:16
    why price does what it does and building
  • 00:26:18
    a narrative behind why price does what
  • 00:26:20
    it does and not just a pattern
  • 00:26:23
    recognition because you know I have the
  • 00:26:26
    fear that let's say for example I would
  • 00:26:28
    CH I was trading something that is based
  • 00:26:31
    on pattern recognition and pattern
  • 00:26:33
    identification that there's no real
  • 00:26:36
    skill set in that the only actual skill
  • 00:26:39
    set comes in discipline and risk
  • 00:26:41
    management and I worry and fear that at
  • 00:26:44
    any point in time the market could
  • 00:26:46
    change which it does and you could
  • 00:26:49
    become
  • 00:26:50
    obsolete but trading smart money
  • 00:26:52
    Concepts you know Market structure
  • 00:26:54
    supply and demand liquidity those are
  • 00:26:56
    the primary drivers so even if the
  • 00:26:58
    market changes which it does you are
  • 00:27:00
    still going to be able to identify the
  • 00:27:02
    footprint of the the key players in the
  • 00:27:05
    market by utilizing those Concepts
  • 00:27:08
    because those are the concepts that move
  • 00:27:10
    the market right so by no means am I
  • 00:27:12
    saying you know Banks and things of that
  • 00:27:14
    nature are tradeing SMC that's just a
  • 00:27:17
    gimmick but SMC as a concept enables you
  • 00:27:21
    to identify large biases it able it
  • 00:27:25
    gives you a bias on where large money
  • 00:27:28
    because I do believe that the market is
  • 00:27:31
    centralized it is controlled it is
  • 00:27:34
    manipulated without question of a doubt
  • 00:27:37
    but it the the price is actually
  • 00:27:39
    centralized it is predictable and it's
  • 00:27:42
    only predictable because it's
  • 00:27:44
    centralized and centralization is just
  • 00:27:46
    this concept that it's owned by a a
  • 00:27:50
    group or an individual and in my opinion
  • 00:27:53
    the market is predictable because the at
  • 00:27:56
    the end of the day the amount of money
  • 00:27:58
    that it requires to move the market even
  • 00:28:01
    just you know a couple of Pips is
  • 00:28:03
    ridiculous so I know that it's not just
  • 00:28:06
    you know me and you buying and selling
  • 00:28:07
    with each other it's the big players
  • 00:28:09
    it's the interbank it's the banks the
  • 00:28:11
    institutions the central banks uh the
  • 00:28:14
    multinational corporations it's the big
  • 00:28:16
    players and there's only a small amount
  • 00:28:19
    of them so at the end of the day it's
  • 00:28:22
    pretty much centralized and by
  • 00:28:24
    centralization reference
  • 00:28:26
    into uh the market I just mean that it's
  • 00:28:30
    you know mainly being moved by a small
  • 00:28:33
    group of organizations it's not as free
  • 00:28:39
    as we think it is and absolutely it's
  • 00:28:42
    algorithmic as well so there is a sense
  • 00:28:44
    of predictability I'm not the
  • 00:28:47
    conspiracist that will sit here and tell
  • 00:28:48
    you that you know there's one algorithm
  • 00:28:51
    and it's repeatable and predictable and
  • 00:28:53
    it's the algo that ruins the market
  • 00:28:54
    every day no I'm not stupid you know and
  • 00:28:57
    I know some of the
  • 00:28:59
    guys will come for me in the comments
  • 00:29:00
    but the reality is it's not just an algo
  • 00:29:02
    there are many different entities in the
  • 00:29:04
    market but getting back on track you
  • 00:29:07
    need the concepts you need to decide on
  • 00:29:10
    obviously your your base Foundation of
  • 00:29:12
    how you're going to read price action
  • 00:29:15
    but that's just the beginning and that's
  • 00:29:16
    where most people get stuck the second
  • 00:29:18
    part is now you need to take those
  • 00:29:20
    Concepts and build them into as much of
  • 00:29:23
    a mechanical system as you can with
  • 00:29:26
    rules so you need if this in that
  • 00:29:28
    scenarios for example if we're bullish
  • 00:29:31
    then I long if we're bullish and I long
  • 00:29:33
    then I long from these areas and so on
  • 00:29:35
    and so forth you need these logic flows
  • 00:29:37
    right these scenarios so that you can
  • 00:29:40
    build Frameworks of understanding so
  • 00:29:41
    that when certain scenarios happen you
  • 00:29:43
    have a plan for those scenarios and that
  • 00:29:45
    plan is your trading plan that's your
  • 00:29:47
    Edge and that edge then needs to be
  • 00:29:49
    tested in back testing a year two years
  • 00:29:53
    3 years worth of back testing data to
  • 00:29:55
    prove that you have an edge then you
  • 00:29:57
    need to take all of the data that you
  • 00:29:59
    collected in the test and phase and then
  • 00:30:02
    optimize it you need to optimize all of
  • 00:30:05
    the key variables that indicate the the
  • 00:30:08
    profitability so a key example right
  • 00:30:10
    last month I took 15 trades in total
  • 00:30:12
    right five of them were losers four of
  • 00:30:15
    them were winners and six of them were
  • 00:30:18
    break even now every single one of my
  • 00:30:21
    trades that hit break even ended up
  • 00:30:24
    hitting my stop loss after so I did have
  • 00:30:26
    the rule that I have for break even I
  • 00:30:28
    would have toen taken an additional 6%
  • 00:30:32
    in losses though that is just one metric
  • 00:30:35
    of optimization right your break even
  • 00:30:37
    protocol there are many different other
  • 00:30:39
    things I have a fixed take profit my
  • 00:30:43
    first take profit is always fixed at
  • 00:30:45
    five RIS to reward I take 50% of my
  • 00:30:47
    position because I trade basically prot
  • 00:30:50
    Trend
  • 00:30:51
    M15 so I'm expecting you know if we're
  • 00:30:54
    bullish I'm expecting uh a break of
  • 00:30:56
    structure pull back continue ation it's
  • 00:30:58
    that simple and I'm anticipating that
  • 00:31:01
    price will hit a certain price level
  • 00:31:03
    right but a lot of the times that swing
  • 00:31:05
    high for me as a Target through
  • 00:31:08
    collecting my data is 10 risk reward 12
  • 00:31:11
    risk reward 15 risk reward and sometimes
  • 00:31:13
    up to 20 risk reward and so a lot of the
  • 00:31:16
    times what I did notice was I'd get
  • 00:31:19
    tagged into my trades price would run 10
  • 00:31:21
    risk reward seven risk reward 13 risk
  • 00:31:24
    reward 15 risk reward and then it would
  • 00:31:26
    come back and stop me out and so and
  • 00:31:28
    take those data points into
  • 00:31:30
    consideration and that enabled me to
  • 00:31:33
    build my take profit broker and so
  • 00:31:35
    between my break even protocol and my
  • 00:31:37
    takeprofit protocol that end of itself
  • 00:31:40
    took my original result of my plan and
  • 00:31:43
    you know essentially scaled my results
  • 00:31:47
    drastically just by implementing those
  • 00:31:49
    two principles and those are just two
  • 00:31:51
    metrics and they are the most the two
  • 00:31:53
    arguably the two most important metrics
  • 00:31:55
    but there are so many others right you
  • 00:31:56
    have break even protocol you have take
  • 00:31:58
    profit protocol you have your stoploss
  • 00:32:00
    placements your entry models how you
  • 00:32:02
    build your directional bias where are
  • 00:32:04
    your points of interest like what are
  • 00:32:06
    the what is the criteria for you to even
  • 00:32:08
    consider trying to find something to get
  • 00:32:11
    into the market so you have all of these
  • 00:32:13
    different variables that are part of
  • 00:32:14
    your Edge and after you've tested to
  • 00:32:17
    build your Edge and you've and you've
  • 00:32:19
    measured all of those different data
  • 00:32:20
    points then it's about optimization now
  • 00:32:23
    you need to look at all of that data
  • 00:32:24
    look at all of those results and think
  • 00:32:26
    okay how can I increase the efficiency
  • 00:32:29
    of my Edge to buy these small marginal
  • 00:32:32
    um Progressive factors because if you
  • 00:32:35
    can again um some of you guys may have
  • 00:32:37
    read it but there's a great book called
  • 00:32:38
    Atomic habits right uh they run the math
  • 00:32:41
    if you become 1% better every day that
  • 00:32:44
    1%
  • 00:32:45
    compounded is you know
  • 00:32:48
    378 of a year so if you become 1% better
  • 00:32:51
    every simple Day by the end of the year
  • 00:32:53
    you're 37 times better than you were at
  • 00:32:57
    the beginning
  • 00:32:58
    from the the math of compound it so
  • 00:33:01
    finding all of these small you know
  • 00:33:04
    inefficiencies in your Edge and making
  • 00:33:07
    them and optimizing them for the optimal
  • 00:33:09
    efficiency that you can get out of them
  • 00:33:11
    that drastically improves your ability
  • 00:33:15
    and your success in trading so the point
  • 00:33:17
    was is you know my break even protocol
  • 00:33:20
    my takeprofit protocol alone have
  • 00:33:23
    drastically made me more profitable
  • 00:33:25
    because many times again throughout the
  • 00:33:27
    the month there was four there was four
  • 00:33:31
    four
  • 00:33:32
    wins and of those four wins two of them
  • 00:33:37
    were five R take profit then break even
  • 00:33:41
    five R take profit then break even and
  • 00:33:43
    then the other ones are average risk
  • 00:33:45
    reward eight and then average risk
  • 00:33:47
    reward 16 because I took a intraday
  • 00:33:50
    position and was able to have more putte
  • 00:33:53
    profits because I was in a key area on a
  • 00:33:54
    high time frame and I had a larger area
  • 00:33:58
    to trade into because I basically took
  • 00:34:00
    an intraday position a scalp position
  • 00:34:02
    took took my initial um partials but
  • 00:34:05
    understood that I had a bias for the
  • 00:34:07
    higher time frame to trade lower and so
  • 00:34:09
    I allowed my intraday position to ride
  • 00:34:12
    out in alignment with my higher time
  • 00:34:14
    frame position which enabled me to have
  • 00:34:15
    a much larger risk reward than average
  • 00:34:17
    that only happens uh once a month let's
  • 00:34:19
    say where I take a scal position and
  • 00:34:22
    hold some of the position into a swing
  • 00:34:24
    trade and maximize the risk reward out
  • 00:34:27
    of it and that gives me you know an
  • 00:34:29
    increase in in my average from let's say
  • 00:34:31
    you know something that was eight to
  • 00:34:32
    something that is 16 so if I again if I
  • 00:34:35
    didn't have my break even protocol and I
  • 00:34:36
    didn't have my fixed take profit
  • 00:34:38
    protocol I actually would have ended up
  • 00:34:40
    losing 13 trades and winning two you see
  • 00:34:44
    the edge is is the same in terms of the
  • 00:34:47
    concepts and the way that I identified
  • 00:34:49
    the bias and the way that I identified
  • 00:34:51
    my my analysis but those little rules
  • 00:34:54
    those little principles are what made
  • 00:34:56
    all of the difference so that's the next
  • 00:34:58
    process your concepts are very important
  • 00:35:01
    they are your foundation but they're not
  • 00:35:03
    the be and endle just because you know
  • 00:35:04
    supply and demand just because you know
  • 00:35:06
    Market structure and just because you
  • 00:35:07
    have an idea on how to get in you know
  • 00:35:09
    the OT you know the fibo extensions you
  • 00:35:12
    know the concepts that means nothing
  • 00:35:14
    alone now you need to test collect data
  • 00:35:17
    refine test collect data refine test
  • 00:35:19
    collect data refine and then you're not
  • 00:35:21
    even done now you have an edge you've
  • 00:35:24
    proven it and now it's time to take it
  • 00:35:26
    to the market and then guess what
  • 00:35:27
    happens now you have to deal with this
  • 00:35:30
    right and you probably heard the term
  • 00:35:31
    that you know trading is 90% psychology
  • 00:35:34
    and I agree and disagree simultaneously
  • 00:35:37
    with that comment and I'll tell you why
  • 00:35:39
    psychology is absolutely imperative you
  • 00:35:42
    cannot succeed without a sound
  • 00:35:44
    psychological Foundation however
  • 00:35:47
    psychology is useless without an edge if
  • 00:35:50
    you don't have an edge psychology is
  • 00:35:53
    literally irrelevant it doesn't matter
  • 00:35:55
    because it's not going to do anything
  • 00:35:57
    for you psychology comes after building
  • 00:36:00
    your Edge so step one your foundation
  • 00:36:02
    step two building your Edge and then
  • 00:36:04
    step three is your psychology because
  • 00:36:06
    you have to deal with all sorts of
  • 00:36:07
    things like how do I follow my plan
  • 00:36:10
    every day how do I stick to my routine
  • 00:36:13
    how do I uh remain disciplined how do I
  • 00:36:16
    not get emotional and make impulsive
  • 00:36:18
    decisions when I'm in a trade because
  • 00:36:20
    you know my my position is running
  • 00:36:22
    $5,000 in profit and then all of a
  • 00:36:23
    sudden it's pulling back how do I not
  • 00:36:25
    close my trade out of the fear of you
  • 00:36:27
    know losing money and not being able to
  • 00:36:29
    take the money how do I let it run to my
  • 00:36:31
    take profit that you have all of these
  • 00:36:33
    different issues then with psychology
  • 00:36:36
    and then you need a foundation of
  • 00:36:39
    psychology which again is a whole
  • 00:36:41
    another process that you need to build
  • 00:36:42
    and so once you've got your Concepts
  • 00:36:44
    once you build your Edge and then once
  • 00:36:45
    you've mastered your psychology which by
  • 00:36:47
    the way you never really mastered your
  • 00:36:48
    psychology you can oh you get better the
  • 00:36:50
    same of your Edge right your Edge my
  • 00:36:52
    Edge at least is Ever Changing ever
  • 00:36:54
    adapting and ever evolving with the more
  • 00:36:56
    data that I get the the continual the
  • 00:36:59
    continual process of journaling of
  • 00:37:02
    reviewing my weeks of reviewing my
  • 00:37:03
    trades reviewing my months finding
  • 00:37:06
    things applying discretion you know
  • 00:37:08
    there's ever it's an Ever ongoing
  • 00:37:10
    progression that's life right at the end
  • 00:37:12
    of the day there's no such thing as uh
  • 00:37:15
    stagnation you don't stay still you
  • 00:37:17
    either grow or you die that's it that is
  • 00:37:20
    essentially um that's life you literally
  • 00:37:23
    it's entropy right if you if you aren't
  • 00:37:24
    growing then you're reversion to death
  • 00:37:27
    that's it so ultimately yeah that is the
  • 00:37:31
    process that one needs to follow and the
  • 00:37:34
    reality is is that most Traders don't
  • 00:37:37
    reverse engineer that process most
  • 00:37:39
    Traders will never go through the
  • 00:37:41
    process of doing those steps and again
  • 00:37:44
    that's one of the biggest reasons why I
  • 00:37:46
    think that 95% of Traders fail so with
  • 00:37:49
    that being said like kind of concludes
  • 00:37:51
    you know what the main topics I wanted
  • 00:37:54
    to talk to you about were I just wanted
  • 00:37:56
    to explain you know after again teaching
  • 00:37:58
    thousands of Traders what is it that
  • 00:38:00
    makes Traders fail what is it that makes
  • 00:38:02
    Traders win and what are some of the
  • 00:38:04
    things that I've done in my trading that
  • 00:38:06
    have enabled me to achieve the success
  • 00:38:07
    that I've achieved in hopes that sharing
  • 00:38:10
    this with you you are able to go on and
  • 00:38:13
    learn something from that and become a
  • 00:38:14
    better Trader because of it if you like
  • 00:38:16
    that video and you want to see more of
  • 00:38:17
    this type of content kind of raw
  • 00:38:19
    unfiltered me just speaking to you and
  • 00:38:20
    giving you real value of of trading
  • 00:38:24
    right no BS real trading value then like
  • 00:38:27
    the video subscribe to the channel if
  • 00:38:29
    you haven't already subscribed it means
  • 00:38:30
    a lot to me and let me know in the
  • 00:38:33
    comment section down below what videos
  • 00:38:36
    you want to see next ciao guys
Tags
  • Trading
  • Financial Freedom
  • Perseverance
  • Success
  • Failure
  • Expectations
  • Psychology
  • Strategy
  • Discipline
  • Edge