POST MORTEM (BIGGEST YouTube win ever).
Summary
TLDRIn this reflective video, the speaker shares his trading experience, emphasizing that success in trading is about mental agility and discipline, not just technical skills. He admits to feeling nervous during a significant trade, highlighting the emotional challenges of the profession. The speaker also discusses his intentions behind live trading on YouTube and Telegram, aiming to demonstrate that large-scale trading is achievable and to inspire others. He questions the value of showcasing large profits over teaching solid trading strategies and expresses a desire to show vulnerability to encourage authenticity in the trading community.
Takeaways
- 😌 The speaker believes trading is more about mental agility and faith in one's methodology rather than technical expertise.
- 🏃♂️ A comparison is made between trading and running a marathon, emphasizing incremental progress and resilience.
- 📈 The speaker aims to demonstrate that trading big size is achievable, similar to Roger Bannister breaking the 4-minute mile record.
- 📺 The speaker experienced nervousness while trading live on YouTube, which was a new emotional challenge.
- 🤔 There is introspection about whether the fear was due to the money risked or the fear of public failure.
- 📈 The speaker re-entered a trade after closing it on YouTube, showing a continued commitment to trading despite the fear.
- 🚫 The speaker criticizes the common trading advice of focusing solely on strategy, advocating for a more holistic approach.
- 💡 The intention behind the YouTube and Telegram channels is to show that successful trading is possible with a different mindset.
- 💔 The speaker feels vulnerable and acknowledges the limits encountered during the trading session, suggesting the need for reflection.
- 🌐 The speaker wants to provide an authentic representation of trading, including the emotional challenges, to counter the often manipulated image on social media.
- 🔄 The speaker considers pausing YouTube performances to reflect on the true purpose of their teaching and the impact of their public presence.
Q & A
What was the speaker's initial motivation for starting a Telegram Channel and later a YouTube channel?
-The speaker started a Telegram Channel and later a YouTube channel to teach people how to trade, emphasizing that trading is more about mental agility, faith in one's methodology, and self-confidence rather than technical expertise.
How does the speaker compare trading to training for a marathon?
-The speaker compares trading to training for a marathon by stating that both require setting small goals, building resilience to stress, and incrementally increasing one's capacity to handle challenges.
What was the significance of the speaker trading big size in the market?
-The speaker wanted to demonstrate that trading big size is achievable and to provide a visual representation of what it feels like to trade large amounts, similar to how Roger Bannister's breaking of the 4-minute mile inspired others.
What was the emotional situation the speaker encountered while trading on YouTube?
-The speaker experienced nervousness for the first time in years while trading on YouTube, which was an emotionally challenging situation that they had not previously encountered.
Why did the speaker decide to do a postmortem of the trade they executed?
-The speaker wanted to document their experience of feeling fear during a trade and to reflect on whether this fear was due to the money at risk or the fear of public perception.
What is the speaker's view on the role of strategy in trading?
-The speaker believes that trading does not necessarily require a heavy focus on strategy, but rather simple, effective techniques that require discipline and a different mindset from what most educators promote.
How does the speaker feel about the public display of vulnerability in trading?
-The speaker feels that showing vulnerability in public can give others permission to feel vulnerable too, which is important because many people present an idealized version of their trading that doesn't reflect reality.
What is the speaker's opinion on the linear nature of trading compared to other professions?
-The speaker emphasizes that trading is not a linear business, unlike a job where you receive a paycheck at the end of the month for your work; trading is much more unpredictable and complex.
What did the speaker decide to do after reflecting on their YouTube performance?
-After reflecting on their YouTube performance, the speaker considered pausing their YouTube presence to rethink their approach and ensure that their teaching is not overshadowed by the spectacle of making money.
Who are the individuals the speaker mentioned as inspirations in their trading journey?
-The speaker mentioned David Paul and Charlie D'Amico as inspirations in their trading journey, particularly highlighting D'Amico's quote about the nature of being a good trader.
Outlines
📈 Trading as a Marathon: Overcoming Fear and Embracing the Journey
The speaker begins by discussing their recent trade, emphasizing the importance of trading as a mental exercise rather than purely technical. They recount starting a Telegram channel and using WhatsApp to teach trading, believing in the power of mental agility and self-belief. The analogy of a marathon is used to illustrate the incremental approach to building resilience in trading, similar to setting small goals in a race. The speaker admits to feeling nervous during a live trade, a first in years, and ponders whether it was due to the money at risk or the fear of public scrutiny. They express a desire to demonstrate that trading big is achievable, akin to Roger Bannister breaking the 4-minute mile record. The speaker also reflects on the emotional challenges of trading live on YouTube and the need for self-reflection on their fear.
🌟 The Essence of Trading: Simplicity, Discipline, and Authenticity
In the second paragraph, the speaker critiques the complexity of some trading strategies and advocates for simplicity and discipline. They challenge the notion that traders deliberately lose on YouTube as a coping mechanism and express empathy for the difficulty of the profession. The speaker's intention behind their YouTube and Telegram presence is to demonstrate the possibility and achievability of successful trading, contrary to conventional wisdom. They also touch on the idea of vulnerability, suggesting that showing one's authentic self, including fears and struggles, can empower others to do the same. The speaker criticizes the tendency of some to present a false image of trading success on social media, which can be misleading. They conclude by expressing a desire to reconsider their approach to YouTube, focusing on teaching rather than showcasing personal trading prowess.
🔄 Reevaluating Trading Approach and Embracing the Inevitability of Discomfort
The final paragraph sees the speaker reflecting on a potential overextension during a recent trade, suggesting they may have bitten off more than they could chew. They reference the late David Paul and Charlie D'Amelia, a bond trader, to emphasize that discomfort is inherent in trading and that adding to a winning position is a sign of a good trader. The speaker expresses a need to pause their YouTube performances to think deeply about their mortality and the optimal use of their time. They want to ensure their contributions to others are of the highest quality, both in trading and life. The speaker concludes with a heartfelt sign-off, urging listeners to take care and stay strong, indicating a temporary hiatus from YouTube to reassess their approach.
Mindmap
Keywords
💡Postmortem
💡Trading
💡Telegram Channel
💡Mental Agility
💡Methodology
💡Nervous Disposition
💡Marathon
💡Dow
💡Fear
💡Vulnerability
💡Linear Business
Highlights
Emphasizes that trading is more about mental agility and faith in one's methodology rather than technical expertise.
Comparison of trading to training for a marathon, highlighting the importance of setting small goals and building resilience.
Aims to demonstrate that trading big size is achievable, drawing a parallel to Roger Bannister breaking the 4-minute mile.
Describes the emotional challenge of trading on YouTube and the first-time experience of nervousness in years.
Reflects on the fear felt during a trade and the possible reasons behind it, including the risk of money and public perception.
Mentions the intention behind trading live on YouTube, which is to show that big trading is possible and achievable.
Criticizes the heavy focus on strategy in trading education and advocates for a simpler, more disciplined approach.
Expresses a desire to show vulnerability to give others permission to feel vulnerable, challenging the curated image of success on social media.
Discusses the non-linear nature of trading and how it differs from a traditional job with a predictable income.
Considers pausing YouTube performances to reflect on the true purpose of teaching trading and not just showcasing skills.
Highlights the importance of managing emotions during trades and how the video evidence of the speaker's reactions can be educational.
References David Paul and Charlie D'Amico as inspirations and their views on the discomfort inherent in trading.
Contemplates the limits encountered during the live trade and the idea that limits are meant to be broken.
Acknowledges the speaker's own mortality and the desire to spend time optimally, both for personal growth and service to others.
Ends with a message of love and care, encouraging viewers to take care of themselves and stay strong.
Transcripts
I think I'm live I wanted to add a
postmortem to the trade that I have just
executed uh
look I started
the a telegram Channel quite a while ago
and before that was WhatsApp because I
wanted uh to teach people how to
trade because I believe very firmly and
still do that trading isn't an exercise
in technical expertise but
rather a an exercise in mental
agility and faith in your
methodology and faith in yourself and
then a strong nervous disposition which
may I add it's a little bit like uh
training for a marathon Marathon no one
runs 42,000 m in the first goal
you set yourself small goals and then
you incrementally build up your
resilience to the stresses that the
endless miles or kilometers will subject
your body to and trading is not unlike
that no one is going to start off
trading 200 Lots or as I did today uh
the equivalent of about
450 uh us lots £300
uh which actually come to think of it is
more like uh 500 Lots um I always wanted
to show people that trading big size was
something that was
achievable um very much like rer
banister who broke the 4minute mile he
paved the way for others to do the same
and me trading big size isn't just a
question of me wanting to make money but
also about giving people uh A visual
representation both in my demeanor but
also on my
account what that feels
like however today presented me with
a uh a situation that I hadn't
encountered before emotionally when
trading on YouTube uh I added I executed
a shorten the Dow and then I added twice
to make it a very big position and it
was the first
time in years that I felt a degree of
nervousness and ironically the moment I
had closed the trade and I tuned out of
uh YouTube I reopened the position not
in the same size admittedly I opened it
in just uh 130 Lots which is still
running I got out of the majority of my
position at U I think it was uh
7:30 and I reopened it here at 707 and
it's sort of running over on this
screen so the reason why I wanted to do
this postmortem is because I also wanted
a a video
evidence that let the record show that I
Tom hugard felt a degree of fear today
and I'm at this stage this is very raw
this only happened 10 15 minutes ago but
at this stage I'm not certain if my
fear was or is rooted in the amount of
money that I risked or if it was because
I was scared of looking like an idiot in
front of a wider
audience and that will take a little bit
of time to reflect on I feel um
but
I wanted to do this postmortem perhaps
mostly for
myself because I am not
certain that that is the point of me
trading live I'm not certain
that the the purpose is necessarily to
show that I got big balls and I can
swing the bat and I can make a lot of
money very quickly rather I always
intended
the the experience of YouTube and
telegram to be an exercise in this is
possible this is doable and it is
probably not using the approach that
most people including teachers will
argue is the way forward which is
strategy strategy strategy very strategy
heavy but rather
and as I think I demonstrate practically
every single day is my techniques are
rather
simple
effective but they also
require
discipline perhaps a rare form of human
discipline added to that I would like to
argue that and and I know that I took a
swing of some of the other Educators out
there today mostly because some of the
things they say is UT
ridiculous um I don't believe for one
second that anybody will go on YouTube
and then lose deliberately I feel that
that is the Mind seeking a refuge from
the pain of having lost
publicly um but I give them love because
I know how difficult this profession is
but I'm just going to circle back 30
seconds and say well I wanted this video
experience to be an experience about how
it was possible and how it was
achievable but not necessarily an
exercise
in showcasing my skills but rather
showing the World At Large or at least
those who are interested in trading that
this is entirely possible and that you
can pass these tests and that you can
grow your
account but it might not be using the
the current mindset that you
have and I suspect that my mindset
is about 3 or 400 miles down the
motorway from where you are starting but
you too can travel those 3 400
miles nevertheless and having said that
I also feel that perhaps I met
my I met my limit today now limits are
there to be broken but at least I wanted
to reflect on that public
because I think showing vulnerability in
public also gives per people permission
to themselves feel vulnerable because
there
are many many many examples of people
manipulating uh their feeds and
their their uh
display in social media which sadly
isn't necessarily reflective
of the real truth behind their trading
or trading in
general so forgive my ramblings forgive
the ramblings of of of this old
fool as you can hear and see um I am
genuinely a just a man who is doing his
very very best every single day and is
doing his bit to try and and shed some
light in an industry which is otherwise
full of charlatans that is very quick to
want to take your money but not
necessarily show you the the full
package of their own
abilities nor do they actually show you
perhaps because they don't know what is
really
required to make money in trading
trading is not a linear business bu at
all it is uh exact opposite of linear a
linear business is when you go to work
for a month and then you get the
paycheck at the end of the month and I
think you know as well as I know that
that is certainly not what trading is
about so forgive my ramblings I'm going
to wish you a lovely
weekend um
and I think I am trying to say here that
I may just rethink how I approach my
YouTube uh experience and my YouTube
performance because I didn't and I don't
want I don't want my performance to be
distracting for what is truthfully the
underlying message of what I'm trying to
do which is to teach you trade so the
fact that I made a heat load of money
this afternoon shouldn't detract from
what actually went in into the trade
what I'm saying is the outcome is of
less significance and importance and
perhaps what is or or truly is important
is well how did I manage the trade how
did I manage my emotions and I think
having that video experience of my face
and my breathing and
my also goes to show
that I by no means have the m Magic
Bullet to make trading a painfree
experience because it really isn't a
painfree experience I want to circle
around the block here and bringing in
perhaps the only person who generally
truly inspired me and sadly
has passed on David Paul but before him
Charlie def franccesca you know the bond
Trader from the Chicago Bon pits who
once said that you know that you are a
good Trader when you add to your winning
position but don't ever for one second
forget that you will never truly be
comfortable when you are trading and
that's the way it's supposed to be today
however I think I may have
just what what's the English saying uh
bitten more than I could chew what I'm
trying to say okay I I'm going to leave
at this um I may just
pause my
YouTube performance for a little while I
am not 100%
sure yeah I am a thinker and perhaps at
times I do overthink things but then
that's because I am frightly aware of my
own mortality and the time that I do
have left and I want that time to be
spent in the most optimal way both for
my own health for my own performance
both in trading and in life but also in
the service that I provide to other
people
anyway my friend Larry Pento he always
finishes off with who loves you so I'm
going to do the same who loves
you take care of yourself okay stay
strong see you soon bye-bye e
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