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.

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

00:38:39

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

Summary

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.

Timeline

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.

Mind Map

Video Q&A

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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Subtitles

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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
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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
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that path and you are progressing
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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
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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
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goal in of itself but the thing is is
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then you actually never attain success
00:04:39
because I guarantee you when you get to
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$10,000 a month which is exactly what I
00:04:43
did when I got to $10,000 a month then
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$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
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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
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redefine what success means and success
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literally is you are progressively
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moving towards a God so if you are if
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you are waking up every day and doing
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something to get you closer to your goal
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you are already successful and it's only
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a matter of time of you continuing to
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take that path that you will achieve
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success so now we've got you know what
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is success what is failure out of the
00:05:51
way why if failure is quitting why do
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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
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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
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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
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it takes I will do whatever I need to do
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to win those were my standards that was
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the expectations that I set there was no
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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
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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
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time so let me give you a scenario right
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because the biggest mistake as I've just
00:06:52
said is that people set unrealistic
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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
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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
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then in 90 days I'll get there you're
00:07:32
setting yourself up for failure Ray Delo
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one of the guys that I study heavily if
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you don't know R alio he is essentially
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where the ex CEO and owner of
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Bridgewater which is a the world's
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largest um investment fund they manag
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you know multiple multiple billions of
00:07:50
dollars and yeah he's a he started as a
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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
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biggest lesson that I've taken from him
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at this moment in time is he has this
00:08:09
principle which is everything will take
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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
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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
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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