How I was able to become profitable after 2.5 years of losing money
Summary
TLDRIn this candid video, the speaker shares personal trading experiences, emphasizing the journey from losing around $25,000 in the first three years to becoming profitable with earnings of $330,000 and $300,000 in subsequent years. He discusses the pitfalls of seeking validation on social media and the importance of self-accountability and mental shifts in trading. The key takeaway is to focus on building good trading habits rather than being preoccupied with making money, as the latter often leads to poor decisions. The speaker also highlights the significance of journaling to identify and rectify personal trading issues, advocating for a mindset where one finds satisfaction in the process rather than the financial outcome.
Takeaways
- 📈 The speaker emphasizes the importance of focusing on the process of trading rather than the outcome of making money.
- 🔄 The video discusses the journey from losing to becoming profitable in trading, highlighting the mental shift required for success.
- 🤔 The speaker warns against the pitfalls of comparing oneself to others on social media, which can lead to a false sense of progress.
- 📉 The importance of learning from losses and becoming desensitized to them is stressed, as it's a part of trading and scaling.
- 🧠 There's a call for traders to practice self-accountability and self-recognition, acknowledging personal emotions and problems.
- 💡 The 'aha' moment for the speaker was realizing the need to shift focus from the idea of making money to building good trading habits.
- 💰 The speaker advises to be unattached to money in trading, suggesting that emotional control is key to scaling and long-term success.
- 🔢 Journaling is presented as a crucial tool for traders to identify and correct personal problems and to break even or improve.
- 🚫 The video script cautions against the trap of seeking validation from others and the pressure it can create to take unnecessary risks.
- 🔄 The concept of a 'mental trash bin' for money is introduced, where traders should be comfortable with the idea of losing a set amount of money as part of scaling up.
- 📝 The speaker encourages traders to find satisfaction in executing trades correctly, regardless of whether they result in profit or loss.
Q & A
What is the main theme of the video?
-The main theme of the video is the speaker's personal journey and experiences in trading, emphasizing the importance of focusing on building good habits rather than just making money.
How did the speaker initially struggle with trading?
-The speaker initially struggled by losing money for around 3 years, amounting to $25,000 to $30,000, due to being more focused on the perception of profitability rather than actual profitability.
What was the speaker's first year's profit after becoming profitable?
-The speaker made $330,000 in their first profitable year.
What is the significance of being unattached to money in trading according to the speaker?
-Being unattached to money in trading is significant because it allows traders to focus on the process and habits rather than the outcome, which in turn leads to better decision-making and long-term profitability.
What does the speaker suggest as a method to improve as a trader?
-The speaker suggests journaling as a method to improve as a trader, as it helps in identifying and addressing personal problems and unnecessary losses.
Why does the speaker emphasize not comparing oneself to others in trading?
-The speaker emphasizes not comparing oneself to others because everyone is on a unique journey with different experiences, and comparing can lead to unnecessary stress and incorrect self-perception.
How does the speaker describe the importance of mental maturity in trading?
-The speaker describes mental maturity in trading as crucial for self-accountability and self-recognition, which are necessary for making rational decisions and avoiding emotional trading.
What is the 'mental trash bin' concept mentioned by the speaker?
-The 'mental trash bin' concept refers to having a predetermined amount of money that one is mentally prepared to lose when scaling up in trading, which helps in being comfortable with larger trades and potential losses.
What advice does the speaker give for breaking the even stage in trading?
-The speaker advises journaling to identify and fix personal problems that lead to unnecessary small losses, which is a common issue for traders at the break-even stage.
How does the speaker view the role of a trader?
-The speaker views the role of a trader as an observer and a risk-taker, with no personal connection to the trades, and emphasizes the importance of making decisions based on habits and strategies rather than emotions.
What is the speaker's perspective on making money in trading?
-The speaker's perspective is that making money in trading is not an end in itself but a result of following proper habits and strategies. He warns against the misconception that making money automatically means doing something right.
Outlines
🎥 Authentic Trading Journey and Overcoming Social Media Pressure
The speaker introduces a candid video about their trading experience, which differs from their usual content. They discuss the importance of authenticity and natural dialogue over scripted presentations. The speaker shares their personal trading journey, starting in high school and facing significant financial losses initially. They highlight the psychological challenges of comparing oneself to others on social media and the realization that being perceived as profitable was more important to them than actual profitability. This led to a lack of accountability and repeated mistakes. The speaker emphasizes the uniqueness of each trading journey and warns against seeking validation from others, urging viewers to focus on their own progress instead.
📈 Transitioning from Unprofitable to Profitable Trading Through Mental Shifts
The speaker delves into their transition from unprofitable to profitable trading, attributing success not to a specific strategy but to a significant mental shift. They stress the importance of being detached from the outcome of monetary gains or losses, focusing instead on building good trading habits and processes. The speaker shares insights on scaling in trading, suggesting that one must be comfortable with the idea of losing a certain amount of money to effectively scale up. They introduce the concept of a 'mental trash bin'—a set amount of money one is willing to lose without emotional attachment—to facilitate a healthy mindset for scaling and maintaining discipline in trading.
🧘♂️ The Significance of Mental Discipline and Journaling in Trading
The speaker underscores the psychological aspects of trading, emphasizing that 80% to 90% of trading success is mental. They discuss the need for mental preparedness to handle losses as part of the trading process. The speaker shares personal strategies for scaling, such as accepting potential losses before entering trades and having a 'mental trash bin' of cash that signifies a level of financial loss they are comfortable with. They also stress the importance of journaling for self-assessment and improvement, suggesting that it is essential for breaking even and moving towards profitability. The speaker encourages traders to focus on building good habits rather than solely on making money.
📊 The Role of Journaling and Mindset in Trading Success
The speaker continues to emphasize the importance of journaling as a tool for identifying and addressing personal trading weaknesses. They argue that being at a break-even point in trading is an opportunity for growth, achievable through diligent journaling and self-reflection. The speaker points out that common issues, such as taking unnecessary small losses, can be rectified through journaling. They stress that without recognizing and addressing personal problems, traders will continue to repeat the same mistakes, hindering their progress. The speaker also touches on the dangers of focusing solely on making money, which can lead to poor decision-making and a lack of discipline.
💡 Reprogramming for Satisfaction in Habits Over Monetary Outcomes
The speaker discusses the process of reprogramming one's mindset to derive satisfaction from building good trading habits rather than from monetary gains. They share their personal experience of reaching a point where they are indifferent to daily profits or losses, focusing instead on adhering to their trading strategy and rules. The speaker argues that success in trading comes from having the discipline to follow a system and from being able to recognize and accept losses when they occur within that system. They stress that traders should seek satisfaction from executing trades correctly, regardless of the financial outcome, as this approach leads to long-term profitability.
🌐 Embracing the Observer Role and Disconnecting from Market Outcomes
In the final paragraph, the speaker reiterates the importance of viewing oneself as an observer and risk-taker in the market, rather than becoming emotionally invested in the trades. They discuss the need to disconnect from the market's immediate outcomes and to focus on making sound decisions based on one's trading plan. The speaker warns against the pitfalls of over-trading and emotional reactions, advocating instead for a disciplined approach to trading. They also mention their current location in Sardinia and express their enjoyment of creating unscripted, authentic content, inviting feedback from viewers on this style of communication.
Mindmap
Keywords
💡Accountability
💡Perception vs. Reality
💡Social Media Influence
💡Mental Maturity
💡Habits
💡Disassociation from Money
💡Scaling
💡Journaling
💡Break-Even Stage
💡Mental Mastery
Highlights
The video is a raw and unscripted discussion about the trader's personal journey and experiences.
Started trading in high school and initially lost around $25,000 to $30,000 in the first three years.
Became profitable in the fourth year, making $330,000, and continued to make $300,000 in the following year.
Shares struggles and hurdles faced during the early years of trading.
The danger of comparing oneself to others on social media and the negative impact on trading psychology.
The importance of focusing on the process of trading rather than the profit.
The realization that being perceived as profitable was more important than actual profitability.
The need for self-accountability and recognizing personal trading mistakes.
The transition from unprofitable to profitable trading involved a mental shift rather than a specific strategy.
The concept of being unattached to money and focusing on building good trading habits.
Scaling in trading requires a complete disconnect from the emotional aspect of money.
Using a 'mental trash bin' approach to accept potential losses while scaling up in trading.
The importance of journaling every trade to identify and correct personal trading issues.
Making money does not necessarily mean doing something right, and losing money does not mean doing something wrong.
The necessity to build habits that protect profits and manage losses in the long term.
The trader's perspective on satisfaction derived from building good habits rather than making money.
The video concludes with the trader's intention to do more unscripted, one-on-one talks if well received by the audience.
Transcripts
welcome to this video this is going to
be a little bit different than um some
of the content I normally post I'm
literally just is going to be just
completely raw pressing the record
button and um whatever I say is is
whatever I say so um I kind of wanted
this video to be to be more real more
natural and just talk about some
specific stuff that I want um you guys
to know about my trading some hurdles
that I was able to get through over time
how I was able to get there how I was
able to scale um and just a little bit
about my journey and just kind of share
with you guys some some knowledge that
that I would that I would like you guys
to have as well
so um little bit of like a back story um
started trading freshman year of high
school um ended up losing money for
around 3 years lost around $25 $30,000
in those first 3 years um ended up
becoming profitable the first year that
I was profitable I made
$330,000 year after that also made
another
$300,000 this is now going into that
fifth year so
or I'm now going into the six year sorry
I was I was confused on that I want to
talk about some struggles that I had
along the way that I think a lot of you
guys can benefit from um during my first
one two years into trading um I was like
a lot of people that get into the
trading space a lot of the time they're
on social media on Twitter on Instagram
looking at a lot of other Traders and at
that point you have to be very careful
because a lot of people don't realize
that they end up cheating themselves by
doing this um and what that thing is is
I cared more about being perceived as
profitable than actually being
profitable at that point in time because
I would go on Twitter I would go on
Instagram after a day of being read and
I would look at social media and see all
of these people who are making money and
I would look at myself and say what is
wrong with me like why why can't I do
this am I am I not good enough all these
other people can do it why can't I do it
I started caring more about
that that idea of just being profitable
instead of actually being profitable and
especially when you're constantly
looking at social media and you're
looking at all these YouTubers and all
these Traders Traders some of these
[ __ ] and you want that feeling
and I cared more about being perceived
as profitable so what would happen was
is I would make the same mistakes over
and over and over again but yet I
wouldn't take any accountability before
it because I had a vision in my mind of
me being profitable without actually
being profitable and that was the
problem I cared more about people being
people perceiving me as profitable than
actually being profitable and I ended
cheating myself because of it so the
people that are on social media you
normal do not compare yourself to other
people every single person is on their
own Journey everybody is on their own
step you cannot compare your step 25
with somebody else's step 250 you guys
are on completely unique Journeys you
guys have completely unique experiences
and there is no reason you should be
comparing them whatsoever
so the main thing you should just be
focusing on is are you doing what you
need to be doing because it's so easy to
get caught up in looking at social media
you want to post you know your winnings
you want to be like oh look at this
trade I took look at this money I'm
making just don't cheat yourself do not
post stuff just because you need
validation from other people and that
was the problem I had is very early on
in my trading I didn't get like
validation from my parents anybody that
I and this is also why I say don't tell
people that you [ __ ] trade because my
parents kind of told me not to do it my
parents were like you shouldn't be doing
this my friends were like what the [ __ ]
are you doing so anything that was
outside was completely negative and when
I went into the market and I was losing
it felt [ __ ] terrible because I knew
that I was losing when everybody else
told me that this was going to happen
and it just pissed me the [ __ ] off so I
cared more about getting that validation
from somewhere else than actually doing
the work to be profitable and it took me
probably a year for me to sit down and
realize that that was an actual problem
for me to like take full accountability
P push my ego to the side and say why do
I care more about this than actually
making the decisions to do so right and
that's the thing about a Trader and
trading in general is this is one of the
only jobs where it is literally just you
you have to have an insane level of self
accountability
self-recognition that you know your
emotions that you are having you know
the problems you were having and being
able to sit down with with yourself and
say you know what I can't be doing this
anymore I can't be making this mistake
and that takes a lot of time for you to
get to that point of mental maturity as
a Trader as an individual for you to
recognize that and actually change it is
the biggest part because a lot a lot of
people are living a false reality again
like I said people are people care more
about being perceived than actually
being profitable and it took me a long
time for me to realize I was doing that
and when I did it made me improve as a
Trader because I was actually taking the
problems that I was having serious L and
some of those problems that I was having
at the time was number one before I
started I started trading ICT because I
started trading
ICT two I started trading ICT around two
and a half years two years um after that
after I started trading and during that
early time period like my first year
year two years um I was more trading
like supply and demand just [ __ ]
Concepts that just did not work um but
the experience was good because I I was
able to lose money which is honestly a
good experience to have as a Trader you
you need to learn how to lose money you
need to become desensitized to it that's
just a part of trading
um and that's also a part of scaling as
a Trader cuz recently I was talking to
my community and I also did a post on on
Twitter about it
but how I basically go about scaling and
how I was able to get to that you know
Mark where it's like Justin how did you
go from just unprofitable unprofitable
to $300,000 a year like how is that even
possible and it has to do with how I was
able to scale number one is being
completely unattached to money
whatsoever the switch of what made me
unprofitable to profitable the biggest
thing where it's like Justin asked me
like what what was your aha moment that
that made you profitable the biggest
thing I could say and number one it
wasn't one specific thing it was a lot
of things you know working together um
but it was not a strategy it was not an
idea it was simply a mental shift and
that mental
shift is most of you care more about the
idea of making money than actually
making that
money and actually making that money
comes from building good habits and
actually trading well so when you go
into the market focusing on making money
all of what happens is completely out of
the window all of the actual process
itself is out of the window because
you're not focusing on the process it's
just like you go into the gym with the
mindset of I need to get a six-pack but
you're not actually doing the workouts
to get a sixpack that is basically the
problem is you're going into the market
with the mindset of I need to take a
trade and it's going to make me
money and in reality that mindset you
need to have is you need to not give a
[ __ ] about money losing it making it
whatever you have you need absolutely no
attachment to it whatsoever because
money has really nothing to do with
trading whatsoever money has literally
nothing to do with trading trading is
about applying a system with risk with
habits that are going to control
yourself over time and have a
longevity structural Foundation that can
protect you over time it is not about
money it has nothing to do with money it
has you it has everything to do with you
being a decision maker and and applying
risk to those decisions because what
happens is is you become more focused on
the outcome than the actual process
itself and when you're not focused on
the process itself how the [ __ ] can you
get expect to get to the outcome you're
mental masturbating on your [ __ ] self
thinking about oh my God how much money
I'm going to make without actually doing
the things you need to be doing to get
to that point it's it's it's ridiculous
and it's not ridiculous because I mean
it's ridiculous but I [ __ ] was doing
the same thing too at that at that point
in time in my trading
so keep that in mind do not be focused
on making money because the biggest part
about scaling and if you do want to make
money if you really want to make
$100,000
100,000 500 a million when you get to
six figures to seven figures you need to
have a complete disconnect to money
because when you start working with that
level of size is when your emotions can
go out of control if you aren't in when
you're not control of yourself right and
a part of getting to that point in
scaling is getting to the point where
you're comfortable with whatever that
size in and you're comfortable with
losing that money and it becomes a lot
easier when you're comfortable with
losing that money when you've already
been consistently building the habits to
be disconnected from it in the first
place so one thing about scaling that I
was talking about on Twitter earlier too
is the way that I go about it is I have
a mental trash bin in my head I pick a
number and then again if you want to do
big boy numbers in trading this is how
you have to do it pick a number in your
head that you are comfortable with
[ __ ] Lighting on fire in
cash say that's 20 grand 10 grand again
this is if you want to scale if you want
to get to like big boy numbers you have
to be so disconnected meaning whatever
that money you are risking in the first
place when you up your size is already
[ __ ] gone lit that [ __ ] on fire if I
was to tell you dude $20,000 just got
stripped from your account you have to
be okay with being like all right I can
make it back
whatever that is the level of Disconnect
you have to have so when I go about
scaling I'll basically say Okay I want
to be trading 8 to 10 contracts right
that I want that to be my full sizeer
whatever it is and I'm going to say okay
I'm I want to be you know getting
comfortable with that size for at least
about a month to two months so I have to
say okay if I was to have a bad month or
a bad two months what would that normal
loss look like so do the calculations
look at the trades that you normally
would take with whatever the normal size
that you have is then put on the new
size and test okay how how much would I
be losing on this actual setup and then
what you're going to do is you're going
to calculate the risk calculate the
difference and say okay if I was to
really have bad losing days and a bad
month and a bad two months how much
money am I losing that is in my track
cash bin so for me I'm saying okay 50k
I'm I'm good with 50k in my not not a
whole account but 50k worth that I'm
willing to lose in that scale period
because if I'm scaling I need a period
of like one month where I need to get
comfortable with trading that and I'm
willing to put 5 50k on you know and and
and that's gone because basically the
benefit of doing that is what you're
doing is when you go into sizing up and
you actually get to that point where you
where you press the button and you see
your p&l and you're looking at oh [ __ ]
normally my loss is like $2,000 and now
it's [ __ ] $6,000 $8,000 right now you
have to get to a point where it's like
okay I need to realize what this is and
number one you shouldn't really be
jumping that much size anyway um you
should be upping like one contract at a
time two contracts right so the size
difference shouldn't be that big but you
want to get comfortable with it and this
is honestly more talking about scaling
to bigger numbers not not like micros
and stuff this is honestly more
psychology for scaling bigger numbers
but
get to a point where you're able to
comfortable it but you need a mental
trash bin of cash where you understand
that you are totally fine with losing it
because a big part of trading 90% 80% is
psychology it is all mental it is being
able to understand yourself as a Trader
as a person and understanding how that
is going to affect you in your actual
trading when it comes to your system so
when it comes to scaling I pick a number
I'm okay with 50k losing and I go into
the trade already accepted that all that
money is lost so I go into the day right
when I start and I up my size I'm going
into it knowing that I could lose like
50 trades in a row and I've already or
not 50 but I'll say like 20 trades in a
row and I've already accepted I've lost
like 50k right so right when I click
that button the new size does not mean
anything to me because I've already made
the mental switch before putting myself
in the environment to do it where I'm
adapted to it to the environment now
right it is a mental game you tweak how
you think about whatever the environment
you're putting yourself into so by the
time you get there it is not as much as
a surprise as it would be if I was to
just go in Click the [ __ ] button and
say all right I just upped my size by
four four contracts boom and then I'm
put in this situation I'm like oh my
[ __ ] God I'm down like $3,000 right
now I'm not used to this and then you
make a rational decisions you say okay
I'm going to take it off here I can't
you don't you you don't trust your stop
loss you don't trust your price Target
and then again you end up building bad
habits because you're more focused on
making money more focused on losing
money than actually doing what you need
to be doing right you break your rules
because you're afraid to lose money or
you're up on it and you don't you can't
hold it too much right that's another
side of it too is you're in more
contracts so when we end up getting
maybe halfway to your price Target
you're already up what your normally
would be up on a [ __ ] regular trade
and you end up taking it early because
you don't trust the actual process right
you're afraid to give that money back
instead of trusting the actual chart
itself because you're more focused on
the money than the actual chart and
again that is that is literally the
number one reason why I always say the
biggest advice I will always say in
pretty much every one of my videos and
every single day I I say this to my
students the biggest advice that I can
always say in trading and the always
thing that you should be repeating to
yourself every single day is I need to
be focused on building good habits not
making money be focused on building good
habits do not be focused on making
money and one thing I want you also to
think about and what people don't
realize why why not why the thought of
making money is the cause of all your
problems listen I'm must I'm going to
explain this every problem that you have
in trading every single one always
reverts back if you were going going to
go in a chain and say okay this caused
me to do this this caused me to do this
and then I ended up losing this money
whatever it is right you're going to go
back to the source of whatever that idea
is it comes back to you being in the
headp space and the mindset of making
money that is the problem every single
problem that you have whether it be oh I
over traded okay why did you overtrade
let's say maybe you were down on the
morning and you were trying to make that
money back okay boom making money
problem Oh my problem was I was fomo you
know I I saw the trade go out and I had
the fear of missing out okay you have a
fear of not making that [ __ ] money so
you jumped in way too late no you're
you're focused on making money every
problem that you have is going to revert
back to that one mindset so until you
realize that you need to completely flip
that [ __ ] switch and completely move
your mind in a different environment and
can be completely disconnected from
whatever you're trading you're not going
to get to a point of consistency because
that always little background itch that
you're going to have when you're trading
size and you're trading your capital and
you're not comfortable with it and
you're not focused on good habits and
actually the setup itself you're always
going to make it rational decisions and
that's just the reality of it you have
to get into a point where you're
comfortable with whatever you're
losing and you're able to just continue
to do it consistently and when it comes
to upping your size you have a mental
trash bin that trash bin you're ready to
light on [ __ ] fire
and you go to it you get to [ __ ] work
um another thing that I also would say
in my
journey was a big part as well is
Journal Journal Jour Journal like your
life [ __ ] depends on it like actually
Journal like your life depends on it
every single trade that you take you
need to be asking yourself what am I
doing right what am I doing wrong what
do I need to fix because a lot of people
too will come to me and they'll say
Justin I'm at a break even stage right
for all of the people that are watching
this that are at a break even stage this
is what you need to be doing how do I
get out of the break even stage Justin
I'm going to tell you right now the way
to get out of the break even stage is
journaling because Break Even is a
fantastic point to be because all it
takes is one little change in your
trading for that that p&l to just
continue to go straight up right you
just need one little tweak and a lot of
the times what I find with a lot of
students that were that that are at
break even is most of the common problem
with people that are Break Even is the
only thing holding them back from from
making money is they just take
unnecessary small losses they'll have
like great win great win and then
they'll take like three shitty trades
with like L like and then it'll just
chip away at that profit and they just
can't control it and that's a problem
that you only get to see from journaling
because when without you actually taking
the time to acknowledge saying okay this
is this is the problem right I need to
actually assess
saying hey this is the problem I know
this from journaling every single
[ __ ] day right without you doing that
you're never going to know your own
personal problems again trading is
[ __ ] you versus you there is no one
else that is going to make the decisions
for you there is no one else that's
going to tell you what your problem is
unless you go to a mentor unless you
come to me and you say hey Justin let's
look at this journal and I'm going to
say okay we're let's go through this
together let's figure out what the
problem is and we can figure that out
but unless you have a mentor you need to
[ __ ] ask ask yourself these questions
you need to do the work because it won't
do it for you and then you make the same
mistakes over and over again saying
Justin why the what am I doing wrong
what am I doing wrong it's cuz you you
aren't taking the actual [ __ ]
decision to change the problem most of
you know what the problem is this is
this is this is the big this is the
overall bigger problem most of you know
what the problem is you just don't fix
it you just don't fix it I'm sorry to
say you just don't fix it you want to
know why you don't fix it because you're
[ __ ] focused on making money that is
why you don't fix it because you are
focused on making money every single day
that you come into the market you're
like oh just check my Twitter you know
we're bumping [ __ ] house music we're
I'm looking at all this [ __ ] I'm ready
to get money I'm ready to [ __ ] do all
this [ __ ] brother what are you hyping
yourself up for you are in the negative
right now what's going on here and then
you go in with the mindset of [ __ ]
let me I'm I'm so excited to send this
screenshot of my p&l to my best friend
and let them know I'm making all this
money and then you go in taking a bunch
of [ __ ] setups because you went in the
end of the day [ __ ] expecting all of
these great
things what the [ __ ] you set yourself up
for failure and most of you guys don't
realize you're doing this
um so keep that in
mind
anyway recognize your [ __ ] faults is
what I'm saying recognize that you are
not perfect I am not perfect but guess
what we can damn near be pretty [ __ ]
perfect sometimes all right with trading
you just got to be put in the [ __ ]
work to do it if you want to be a big
boy if you want to make money that is
what you must do if you don't that's
fine that's fine you don't have to get
to that point but if you want to be any
sort of successful or any sort of
consistency with trading you need to get
to that point of mental Mastery and you
need to be focused on Switching your
mindset to building good habits and
getting satisfaction from building good
habits that is the number one thing is
you might say hey Justin I'm focused on
building good habits no no no it needs
to be your your environment it needs to
be you need to completely reprogram
yourself you need
satisfaction from building good habits
that is what you need when I wake up now
and when I where I'm at as a Trader
after after so long and after getting to
this point I could give less of a [ __ ]
how much I make how much I lose because
guess what over time I have the rules
the habits the the strategy in place to
protect myself and make me money in the
long run and guess what you want to know
how I got to that point because I
programmed myself to get satisfaction
out of doing what I need to be doing if
I make money but I broke all of my rules
I'm going to say Justin this money is
not [ __ ] yours why are you happy that
you made money if I lost money and I did
everything I was supposed to do traded a
great setup great risk everything I was
looking for A+ setup I'm going to say
Justin that was a [ __ ] fantastic loss
let's go because I did everything I
needed to do that is what got me success
that is how I was able to be successful
because I programmed my mind to get
satisfaction from building good habits
not making money and when you're focused
on not making money you are actually
focused on the [ __ ] process and not
the outcome guess what what happens when
you're focused on the process you get
the outcome oh my God isn't that [ __ ]
Wild
and this goes with every single thing in
life if you are focused on finding love
guess what you're not going to find love
you're going to find love when you're
being focused on yourself and it's going
to happen when you when you're focused
on getting a [ __ ] six-pack and you're
just sitting there you know [ __ ] uh
uh whatever the [ __ ] you're doing and
you're not actually focused on every
single workout crunching the [ __ ]
muscle pushing it to the test the actual
process okay you're not going to see the
results same thing with trading so
please I know you know what the problem
is and if you don't that's fine but
guess what you want to know how you're
going to know how to figure out what
that problem is by journaling so just go
Journal please go journal and another
thing as well is making money does not
mean that you were doing something right
and losing money does not mean that you
are doing something wrong so many people
especially newer Traders will come into
the market they'll make money and be
like oh let's go just made some [ __ ]
Moola no brother you did not make MOA
because guess what the Market's going to
take that right
back because you have no habits in place
that are going to protect it from from
it from you losing all of that money
losing money does not mean you're doing
something wrong making money does not
mean you're doing something right
recognize are the habits and the
decisions that you are making right are
you using your proper size guess what if
you over leverage and you end up making
money and you come to me and say Justin
look how much [ __ ] money I made and
then you're going to say oh you know I
did over leverage though I'm going to
say you're that money is not yours what
what are you happy about what are you
happy about think about it that money is
not yours you want to know why it's not
yours because you don't have the habits
in place to keep it trading is not about
making money it's about keeping that
money
okay when you don't have the habits in
place to keep that money it's not yours
and then you start trading like it is
you like it is yours you ever find that
you get on a win streak for like a week
two weeks 3 weeks and then you blow up
in like [ __ ] 3 days because most of
the time that money you're making you're
not making it the correct way you're
getting either lucky or you've been
building all the habits that aren't
protecting you from when that time does
arise CU guess what the market is not
going to be just super [ __ ] click
bunny easy every goddamn day it's not
there's going to be hard days there's
going to be hard conditions you're not
going to be able to read the market and
guess what the habits in the habits that
you should be building every single day
are in place to protect yourself from
those inevitable days that will happen
and when it comes to that situation you
have the habits in place to know when
you need to step away hey I can
recognize this is low conditions I'm
going to lower my size today and I'm
going to [ __ ] follow it okay and I'm
not going to make dumb decisions I know
guess what most of the people that go to
a day like that are focused on guess
what if it has the opportunity to make
me money I'm going to take it that's
what most of you guys are thinking like
instead of being guess what you're paid
for your decisions brother you're paid
for your decisions not your time you
should be sitting in front of the market
for 5 hours straight and not take a
trade if you know what you're looking
for and you can recognize the conditions
but most of you have those three blowup
days because you don't have the habits
in place to know when to step away when
to recognize you're wrong when to admit
that your bias is wrong whatever your
ego is again you you don't have to be
right to make money okay completely you
are just an observer you're not a person
okay you as a Trader are not a person
you are an
observer and a risk taker that is it
you have no connection to this
whatsoever you are just there pressing
[ __ ] monkey
buttons use the knowledge you
know and have no connection to it
whatsoever sorry sorry for the wind um
I'm in Sardinia right now I wanted I
really wanted to record this video but I
knew it was probably going to be [ __ ]
windy so I'm sorry um but I'm probably
going to end the video here even though
I want to keep talking but it is getting
windy so I plan on doing another video
like this if you enjoy these kind of
just more real one-on-one talks let me
know and uh I'll plan to do more of them
I really enjoy this honestly just like
[ __ ] just saying whatever whatever comes
to mind it's kind of uh more real I like
it um let me know if you guys like it
comment subscribe whatever and uh I'll
see you guys in the next one peace
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