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if you use these rules today I'm sharing
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you stand a far better chance of being
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profitable with whatever I teach or what
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everyone else is teaching and you have
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sound money management you stand the
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best chance of finding consistency and
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profitability the first topic I want to
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touch on is
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impatience I think
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that largely this is the the biggest
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hurdle in front of every Trader
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when I first started talking about Forex
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in baby Pips
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form one of the first things I mentioned
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to anyone that would be willing to
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listen or read what it was I was
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sharing is you're going to need a lot of
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patience and for the old hats in here to
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have been with me since then you know
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that's true I said you're going to
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require a lot of patience and either
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you're going to forge
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it not fake it you're GNA Forge it
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you're gonna
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create it it's going to be made manifest
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in you because of putting in your due
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diligence of learning how to sit still
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when you're not ready to do anything you
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have to remain
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still it's a skill set that every one of
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you as a
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fawn a little tiny little fledgling
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traiter needs to learn and be
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comfortable being still it's safe
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it's absolutely
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safe in the market it can't bite
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you until you get in there on the
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sidelines the only thing that's hurting
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you is your pride and your ego that you
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didn't do something but many times it
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tricks you thinking that you really knew
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what you were doing but really if you
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were honest did you tell anybody in
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advance was it public knowledge that you
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thought it was going to do this very
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thing go only this low then go up to
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that very high and that entire run you
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wouldn't have any adversities or any
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kind of
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anxiety you're lying to
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yourself you're lying to yourself and I
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see many people even in my own Community
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here that are brand new that do that
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kind of
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stuff you see it permeated in the
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industry across social media everybody
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everybody knew it was going to do
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something after it
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happened and when you talk like that and
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you really didn't believe that was
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happening you didn't believe it was
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really in the chart you weren't
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one-sided in your
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analysis what you're creating is this
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overwhelming sense of impatience because
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what's going to happen is you're going
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to trick Yourself by lying like
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that that you're ready to trade one day
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something's going to happen and you're
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going to feel like you need to do
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something to change the way you feel
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about your life your present
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circumstance and you're going to go in
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there and try to press a
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button and the results are not going to
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be
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favorable because of impatience the next
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thing is impulsiveness if you're an
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impulsive
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person what you're doing is you're
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showing signs that you have a lack of
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knowledge of
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price what is impulsive if you're
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watching price you're among some
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chattering community of people on a
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telegram or a Discord or
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whatnot and you're
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simply waiting for something to happen
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in price and it starts running
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higher what's every going to do oh I'm
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buying oh it's going up everybody will
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find their voice then and say it's going
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higher of course it is it's going up 30
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handles it's
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running and then you feel like I gotta
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get on I got to get on that and what do
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you do buy
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it buy it I got to buy it right now
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because it might keep going up to where
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I don't [ __ ] know but it's going to
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go up because look what it's doing right
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now that's impulsiveness and so you're
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[ __ ] laughing right now smiling
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thinking shaking your head this
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[ __ ] just pegged me again yes
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we've all been there I've been
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there but the only way you combat that
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and you keep it at Bay and you conquer
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it is to learn about price delivery that
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means you're not even back testing
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you're just studying studying what price
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is likely to do most
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times in certain instances and certain
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circumstances the market will create
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Market reversals it'll create
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continuations it'll
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create range bound
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opportunities admittedly I can't stand
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trading inside of a a narrow range I can
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but to me it's too tedious it pisses me
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off I'll have more losing trades than I
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I like to have I can come out of that
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but I just don't like that it's a waste
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of my [ __ ] time doing that I know I
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can sit on my hands and wait for the
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time when I know the Market's going to
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run or offer me swings intraday or I can
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operate and and do well get in take mine
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and go home and leave it to the rest of
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the people try to figure out what
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they're doing with it but your
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impulsiveness is conquered by the study
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of general price action and
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understanding what's available in terms
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of how markets move what's the benefit
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of
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that knowing what to
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do for yourself as a Trader in terms of
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pursuing certain aspects of trading and
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even if a move has already started on
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the daily chart and it's ran several
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hundred handles or whatever on a big day
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you know that you're not going to be
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impulsive the next morning I got to go
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in there and Chase that it's going to
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keep going down which is the first rule
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I told you on a large range day what do
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we do lower our expectations on the
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morning session that doesn't mean that
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the market can't run it doesn't mean you
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can't take a trade just means that you
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as a developing student you as a new
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Trader in the making you're not there
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yet don't have a hard opinion
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immediately the next morning after a
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large range
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day wait that's Amateur hour everybody
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is going to be thinking the same
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thing that the next tenant is fear fear
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is the lack of Journal case
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studies you're fearful that this isn't
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going to work it's not going to work for
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you it's worked for everybody else I can
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do it but I know as soon as I get out
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there and I try to do it these [ __ ]
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are going to change the
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algorithm I'm gonna waste my time I'm
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afraid it's not going to work for
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me I have so many profitable students
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that had that same
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fear how do you get over it by back
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testing and journaling case studies of
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what you are expecting to do when you're
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trading live what you're trying to see
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in price action and that way you see how
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many times it works how many times did
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it fail how many times did it go into a
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certain measure of draw down how many
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handles did it go against you before it
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started moving in your favor how long
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did it take from your trade entry using
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the worst case entry point not the best
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and then when it got to your objective
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whatever some liquidity would be or
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inefficiency it would be trading to your
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target is always going to be the
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opposing inefficiency that means a fair
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value Gap below if you're short you're
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looking for an inefficiency to Target or
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you're looking for a low or relative
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equal lows so you're looking for sell
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side or a buy side and balance cellid
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efficiency that's your two Targets when
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you're shortened how [ __ ] hard is
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that that's not complicated stop
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listenting to these [ __ ] ass hats out
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there saying that I'm over complicating
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they're out there waiting for a [ __ ]
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random time when an indicator is
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supposed to say something I know exactly
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what the [ __ ] I'm doing by the [ __ ]
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minute every single [ __ ] trading day
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I know what minute I'm going to [ __ ]
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trade I know what time my [ __ ]
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targets are gonna get hit don't [ __ ]
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believe me bring your [ __ ] let's go
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bring all your [ __ ] indicator horse
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[ __ ] and I will come paare and contrast
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and roll your ass like a [ __ ] splith
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and smoke your ass in front of
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everybody stop leaving comments in these
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[ __ ] people's channels about me come
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right here
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[ __ ] fear is easily
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conquered easily
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conquered once you go through the
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process of collecting the resources and
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case studies where it worked in the
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past and what you're doing is is you're
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training your brain to see these
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examples by retention doing it over and
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over and over again you're giving
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yourself pseudo experience which rolls
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us into greed greed stems from the lack
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of trust in yourself and or your
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model wait a minute how can that be if
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you're
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greedy and you're saying that I'm greedy
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because I don't have a lack of I have a
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lack of trust in myself and or my model
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how can I be
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greedy because you want a a lottery
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mindset you think that this stuff works
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yes but it just might be the day that
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you go in there and try to do it it
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might cause you losing money may cause
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you losing peace of mind it may cause
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you cause
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self-doubt and you
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may blow the
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account and you'll hear people out there
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that never show you that they make money
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they'll tell you you got to push your
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Edge when you're making money you got to
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push your Edge keep going in keep keep
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keep going no no no no no I teach
00:09:52
plateaus what is more likely for you to
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succeed from the bottom of a mountain
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slope if it was a completely smooth 45
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degreee angle up to the peak of it
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you're brand new it's first time you've
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been
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there what's more likely and sustainable
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for you to start running at the fastest
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Pace that you have and can do and start
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to run from the base of the mountain in
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a 45 degree slope all the way up to the
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top you're at the Zenith of it you're
00:10:19
the very Pinnacle at the top you're
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you're at the highest point now can you
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sustain that highest fastpac in
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that chances are no
00:10:30
think about when people ride the you
00:10:33
know the uncertainty roller coaster with
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going up the Mount Everest nobody goes
00:10:38
up there in a straight shot they go up
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for a little while and they level out
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for a little while and they have to
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allow their body to do what get
00:10:45
accustomed to that new height lower
00:10:48
oxygen it's a whole it's a whole
00:10:52
process so when you're climbing your
00:10:54
Equity
00:10:55
curve and you're getting in you're
00:10:56
trying to find profitability and
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consistently profit
00:11:00
each
00:11:01
day in the beginning you think I want to
00:11:04
make this much money every single day
00:11:05
this percentage every single
00:11:08
day and when I'm winning and the
00:11:11
Market's still running don't go back in
00:11:13
thinking I got to get some more out of
00:11:15
that your model says be
00:11:18
done you don't trust it you think if you
00:11:22
don't push push push push push my Edge
00:11:24
push my Edge get in there and do as much
00:11:26
as I possibly can because the Market's
00:11:27
really running you're losing sight
00:11:31
and you're pushing your entire career
00:11:32
into one trading day that's
00:11:35
greed that's the only reason why that
00:11:36
happens greed you think that you're
00:11:39
going to make so much more and that one
00:11:41
moment in time you're thinking to
00:11:43
yourself this is the one that puts me
00:11:46
over you're [ __ ] trading with Nano
00:11:49
Lots you're trading with micr lots
00:11:50
you're trading with One
00:11:52
Mini your life isn't
00:11:55
changing okay you're not retiring you'll
00:11:58
still see Carl tomorrow
00:12:01
don't let this stuff mess with your head
00:12:03
thinking that you have to do
00:12:05
something over leverage over trading
00:12:08
doing more than what's necessary your
00:12:10
model says take the trade when it gets
00:12:11
to your target be done be content close
00:12:14
the charts and then refer back to it at
00:12:15
a later time when you wouldn't be
00:12:17
trading
00:12:19
it if you can't do that you don't trust
00:12:23
yourself and if you're thinking that way
00:12:25
you shouldn't trust yourself you have to
00:12:26
physically remove yourself from the
00:12:28
markets leave don't be around don't have
00:12:31
the app on your chart I'm sorry on your
00:12:33
phone don't do
00:12:37
it or you don't trust your
00:12:40
model people are greedy because they
00:12:42
think that their model is only working
00:12:44
right then and
00:12:45
there so let's maximize it because it
00:12:47
might not work in the future it might
00:12:49
stop working I might not be able to find
00:12:52
this same [ __ ] setup that repeats
00:12:54
every [ __ ] day every single week I
00:12:57
might get amnesia and forget that this
00:12:59
[ __ ] doesn't [ __ ] actually occur
00:13:01
every single [ __ ]
00:13:04
day sounds silly when it's said like
00:13:06
that but that's exactly what you're
00:13:09
doing you're forgetting the fact that
00:13:12
this stuff repeats you're forgetting the
00:13:14
fact that these things occur at a
00:13:15
specific time of the day specific days
00:13:18
of the [ __ ] week all these things are
00:13:20
repeating phenomenon they're not random
00:13:23
the are these are things that absolutely
00:13:25
are coded they're there because they're
00:13:27
supposed to be there they are set on a
00:13:30
schedule they're going to [ __ ] happen
00:13:32
it doesn't matter how many [ __ ]
00:13:33
people are buying it or selling it on
00:13:35
Reddit they're not going to make the
00:13:36
market do any [ __ ]
00:13:39
thing your buddy your friend your
00:13:42
cooworker your relative that says Hey I
00:13:44
want to do what you're doing once you
00:13:45
find consistently profitable trading and
00:13:48
they'll have these same same things that
00:13:50
they have to work through and generally
00:13:52
they're in this
00:13:53
order impatience impulsiveness fear
00:13:57
greed
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