12 Laws of the Top 1% Trader
Summary
TLDR这段视频脚本分享了一位交易者如何从破产的大学生成长为成功的交易员和企业家的故事。他强调了耐心、纪律和风险管理在交易成功中的重要性,并提出了成为顶尖交易员的12条法则,包括不断改进、保持谦逊、选择目的而非享乐、专注于过程而非结果以及适应市场变化等。他鼓励观众通过改变日常习惯来改变自己的生活,并以交易业务的心态对待交易,最终实现财务自由。
Takeaways
- 🌟 成功的交易并非源于辛勤工作,而是正确的决策。顶尖的交易者知道何时交易,何时不交易,他们设置警报,只在收到交易信号时才决定是否进入交易。
- 🐉 交易中的耐心至关重要。在交易前,你需要耐心等待完美的交易机会;在交易中,你需要让交易自然发展;交易后,你需要耐心地处理和记录交易结果。
- 🤝 不要与内心的野兽谈判。听从内心的野兽,你将在生活中取得巨大成功;而听从内心的恶魔,你将继续亏损。
- 💡 保护资本比赚钱更重要。沃伦·巴菲特的名言强调了资本保值的重要性。在交易中,正确管理风险是保护资本的关键。
- 📈 每天都要比前一天进步1%。通过持续的小改进,随着时间的推移,这些改进将产生复利效应,带来显著的长期成果。
- 🏆 永远不要满足于现状。市场总是充满不确定性,你需要每天都努力变得更好,保持初学者的心态,不断学习和提高。
- 🎯 选择目标而非享乐。真正的幸福不来自物质财富,而是来自于早起、帮助他人、良好的睡眠、锻炼、正念、专注交易等基本而乏味的事物。
- 💼 把过程看得比金钱更重要。你无法控制交易的结果,但你可以控制你的交易过程。专注于你的系统和纪律,利润最终会随之而来。
- 🔄 承担全部责任。对自己的交易负责,无论是赢是亏。接受市场的结果,从中学习,调整你的交易策略。
- 🌱 长远思考。设定清晰的人生目标和愿景,这将帮助你在交易中保持动力和专注。
- 🚀 选择纪律而非动力。纪律比短暂的动力更为持久。每天的每一个小胜利都会积累成巨大的成果。
- 🔄 适应或失败。市场不断变化,专业的交易者会根据市场的变化调整他们的思考和位置。
Q & A
成功交易的第一条秘诀是什么?
-成功交易的第一条秘诀是耐心。在交易中,你不会因为努力工作而得到报酬,而是因为你做出了正确的决策。顶尖的交易者不会整天盯着图表,他们知道何时该交易,何时不该交易。
为什么说在交易中耐心是重要的?
-耐心在交易中很重要,因为交易成功并不总是与努力工作成正比。你需要耐心等待完美的交易机会,只在满足你的交易条件时才进场。此外,交易过程中要有耐心让交易自然发展,不要无谓地移动止损或止盈点。交易后,要有耐心处理和记录你的交易,即使处于亏损状态。
如何定义交易中的“内在野兽”和“内在自我”?
-在交易中,“内在野兽”代表着坚定、自律和不找借口的态度,它鼓励你专注于执行力而非结果,即使面对亏损也能坚持下去。而“内在自我”则是那个总是找借口、寻求捷径、不愿意承担责任的声音,它会让你偏离交易计划,最终导致交易失败。
为什么说遵循交易计划对于成为顶尖交易者至关重要?
-遵循交易计划对于成为顶尖交易者至关重要,因为它能帮助你保持纪律性,避免情绪化的决策。计划中的规则和策略是基于理性和市场分析制定的,而不是基于短期的市场波动或情绪反应。坚持交易计划,即使在面对亏损时,也能确保你的交易决策是一致和可追溯的。
沃伦·巴菲特的哪句名言在交易中被强调?
-沃伦·巴菲特的名言“永远不要亏钱”在交易中被强调。这句话强调了资本保护的重要性,即在交易中应该专注于保护你所拥有的资本,而不是仅仅关注你可能赚取的利润。
为什么说每天进步1%对于交易者来说很重要?
-每天进步1%很重要,因为这种持续的小幅改进会随着时间的推移而复合增长。虽然短期内可能看不出明显的效果,但长期来看,这些小的改进会累积成显著的成果。这种持续的自我提升能够帮助交易者在市场中保持竞争力,不断提高交易技能和策略。
为什么说选择目的而非快乐是成功交易的关键?
-选择目的而非快乐是成功交易的关键,因为物质享受和短暂的快乐往往是表面的,不会带来长期的满足感。而一个清晰的目的和愿景能够激励交易者在面对困难和挑战时保持坚持和努力。专注于长期的目标和内在的满足感,而非短期的快乐,能够帮助交易者保持动力和专注。
为什么说过程比结果更重要?
-过程比结果更重要,因为你无法控制交易的最终结果,但你可以控制自己的交易过程。通过专注于执行交易计划、风险管理和纪律性,长期来看,利润自然会随之而来。专注于过程能够帮助交易者保持一致性和稳定性,避免因单次交易的结果而产生情绪波动。
如何理解交易中的“全权负责”?
-在交易中,“全权负责”意味着交易者要对所有的交易决策和结果负责。无论盈亏,交易者都需要接受这是自己决策的结果,而不是将责任推给市场或其他外部因素。这种责任感能够帮助交易者从错误中学习,不断改进策略,避免重复同样的错误。
为什么说适应性是交易成功的关键?
-适应性是交易成功的关键,因为市场是不断变化的,交易者需要能够快速适应市场的变化,调整自己的交易策略和位置。市场条件的变化可能会影响价格走势的幅度和持续时间,因此交易者需要灵活应对,而不是固守过时的策略或偏见。
如何将交易视为一种业务来对待?
-将交易视为一种业务来对待意味着交易者需要像经营任何其他业务一样对待交易。这包括设定季度目标、制定交易计划、遵循一套交易规则、跟踪进度和审查交易结果。交易者需要对自己的资金负责,像对待业务一样对待交易,市场也会相应地认真对待交易者。
Outlines
🚀 成功交易的秘密:耐心与决策
本段讲述了作者从破产的大学生到成功交易者和企业家的转变过程。他强调,成功交易的关键不在于努力工作,而在于做出正确的决策。作者分享了成为顶尖交易者所需的耐心,以及如何在交易前、交易中和交易后保持耐心。他还提到,成功的交易者不会每天都交易,而是等待完美的交易机会,并且在没有市场机会时保持耐心和纪律。
🌟 内心斗争:战胜内心的野兽
这一部分讨论了每个人内心都有的两种声音:内在的天使和野兽。作者强调,听从内心的野兽会导致巨大的成功,而听从内在的天使则会导致持续的失败。他提到,成功的交易者会承担责任,专注于过程而非结果,即使在连续亏损时也能坚持下去。作者鼓励观众每天通过四个行动来释放内心的野兽:对自己承诺、设定高标准、做别人不愿意做的事情、消灭内心的天使。
📈 每日进步1%的力量
作者分享了每日进步1%的重要性,强调这是成为顶尖交易者的关键。他解释说,虽然每天的小改进可能看起来微不足道,但随着时间的推移,这些改进会累积并产生巨大的影响。他提到,通过持续的小改进,一年后你将比现在好37倍。作者还提供了三个简单的步骤来实现每日进步:做更多有效的事情、消除一个交易错误、检查你的进步。
💭 超越物质追求的精神满足
在这一段中,作者探讨了物质追求与精神满足之间的关系。他通过个人经历说明了物质财富并不能带来真正的幸福。作者认为,真正的幸福来自于早起、帮助他人、良好的睡眠、锻炼、专注交易和进入流动状态等简单而基础的事物。他鼓励观众找到自己的幸福定义,追求目的而非仅仅是快乐,并为此做出改变。
💪 纪律与责任感:交易成功的关键
作者在这一段中强调了纪律和责任感在交易成功中的重要性。他提到,专注于过程而非结果,意味着要对自己的交易决策和结果负责。作者分享了自己的经历,说明了如何通过接受失败并从中学习来提高交易技能。他还强调了长期思维的重要性,并鼓励观众制定清晰的人生目标和愿景,以此来激励自己每天取得进步。
🔄 适应或失败:市场变化中的灵活性
这一部分讲述了市场不断变化的特性,以及交易者需要适应市场变化的重要性。作者指出,初学者往往不理解市场背景,而专业交易者会根据市场的变化调整自己的策略。他强调,交易者需要对市场的变化做出反应,而不是将自己的观点强加于市场。作者还提到,市场的背景将决定价格移动的规模和持续时间,因此交易者需要灵活适应市场新情况。
🏢 交易如同经营业务:专业态度
作者在这一段中将交易比作一项业务,强调了以专业态度对待交易的重要性。他提到,大多数人在没有计划的情况下进行交易,这实际上是在赌博而非真正的交易。作者建议设定季度目标、制定交易计划、遵循交易规则、跟踪进度、回顾交易并不断改进,这些都是将交易当作业务来对待的方法。他还推荐了价格行动训练营和交易蓝图,以帮助交易者在21天内掌握价格行动交易,并加速他们的交易成功之旅。
Mindmap
Keywords
💡耐心
💡风险管理
💡每日进步
💡感恩
💡目的与快乐
💡过程与结果
💡自我责任
💡长期思维
💡自律
💡适应性
💡交易如经营企业
Highlights
成功交易的关键不在于努力工作,而在于做出正确的决策。
顶级交易者不会整天盯着图表,他们知道何时交易,何时不交易。
交易中的耐心非常重要,无论是交易前、交易中还是交易后。
交易者应该等待完美的A+交易设置,只有当信号触发时才进场交易。
交易中不应该每天都交易,策略可能不适用于每个市场环境。
交易者在交易中需要有耐心让交易自然发展,不要无谓地移动止损或盈利点。
交易后,交易者需要有耐心处理和记录交易,即使遭遇亏损。
成功的交易者不会与内心的野兽谈判,他们会倾听内心的声音,坚持自己的交易计划。
沃伦·巴菲特的名言强调了资本保护的重要性,即“永远不要亏钱”。
成功的交易者每天只需比前一天好1%,长期积累会产生巨大的变化。
交易者应该始终怀有感激之心,永不满足,始终保持谦逊和学习的态度。
选择目的而非快乐,真正的幸福来自于内心的目的感和满足感,而非物质享受。
专注于过程而非结果,通过控制自己的行为而非市场走向来实现交易成功。
交易者应该对自己的交易结果负全责,无论是赢是亏。
长期思维是成功交易的关键,通过痛苦和快乐的管理来实现长期目标。
纪律比动机更重要,通过日常的坚持和习惯养成来实现交易成功。
适应性是交易成功的关键,市场在不断变化,交易者需要灵活应对。
将交易视为一种业务,制定计划、设定目标、跟踪进展并持续改进。
Transcripts
it took me 5 years to make my first $1
million and along the way I have learned
that there are certain rules to the game
that contribute to my success these
rules allowed me to grow from a broke
college student who had to work all the
shitty part-time jobs to becoming a
highly successful Trader and
entrepreneur conquer the world win more
work hard have a sense of urgency make
more money all these things are supposed
to make you a successful Trader but they
are actually holding you back from
Trading success there are the same
reasons on why you are still losing
money as a Trader you see the condition
to success in life and the condition to
success in trading are very different
there is no control to the outcome in
trading as there are in Life or in
business that means that you can go to
the gym and work out seven times a week
and you will start to see the results
after one year but then you can stay at
charts all day for one year straight and
work super hard but not see any
consistent profits throughout this
entire one year growing up you are Tau
to have a sense of urgency if you want
to succeed and you bring this mindset
into trading don't just sit there and do
nothing get into a trade and then the
next thing you know you enter a bad
trade and then you get out with a huge
loss all because you are Urgent and you
rush into a trade most of profitable
trading is all about patience becoming a
top 1% Trader requires you to take the
unconventional route the route that not
many people preach but it's absolutely
necessary and I want to share that PA
review so you can actually become a
profitable Trader much faster than I did
and after you finish watching this video
I will recommend you to check out one of
my most popular videos on my YouTube
channel where I basically show you how
to master trading in the next 90 days
and how to make six figures from Trading
from scratch so if you are interested
click the first link in the description
so in this video I want to give you an
insight into what makes million a
Traders millionaires so here are the 10
secrets that will make you a top 1%
Trader
the first success secret is patience
makx profits in trading you don't get
paid for working hard you get paid for
making the right decisions the top 1%
Trader does not St at charts all day he
knows when to trade and when not to
trade he sets alerts and only decide
whether to enter the trade when he
receive an alert from Trading view
patience is important before you trade
during your trade and after you trade
before you trade you need to have the
patience to wait for the perfect A+
trade setup only take the trade when
your sickness are triggered and you have
your Edge and for God's sake you don't
have to trade every single day your
strategy may not work for every Market
environment and that is okay when there
is no opportunity in the market just
have the patience and the discipline to
do nothing during your trade you need to
have the patience to let the trade play
out on its own that means don't move
your stop loss unnecessarily unless you
place it it wrongly don't move your take
profit further or closer because that
will mess up with your overall risk to
reward ratio after you trade you need to
have the patience to process and record
your traits whether you feel like it or
not the hardest part is when you enter a
losing streak or you lost a big sum of
money it's in these times where you'll
find it super hard to actually go record
your trads because you don't feel like
it because you rather spend that time
making back the amount of money that you
have just lost but is in this exact
times where you must take some time out
to process and record your traits so
that you can actually learn from your
mistakes and you know what to improve on
so you can actually become a better
Trader the next law that will make you a
top 1% Trader is to never negotiate with
your inner inside all of us
contains both the inner bit and the
inner Bast the quality of your life will
be determined by whichever you listen to
the most if you listen to the inner
Beast you will achieve massive success
in trading and and in life you will
achieve all the goals that you have set
up for yourself and make so much money
that no one will believe you however if
you listen to the inner you'll
continue to lose money and blow accounts
after accounts and eventually one day
you'll get so sick of losing money that
you quit trading forever the inner
is the little voice inside your head
telling you you can always follow your
trading plan tomorrow journaling doesn't
work for me take the easy way out it's
okay to skip the gym if you're feeling a
little bit tired it's okay to hit the
snooze button then we will tell ourself
that this is just a one time thing and
it won't happen again but it's a lie and
you know it once you start negotiating
with your inner that's when you
start to remain where you always are an
average Trader at best you don't follow
your trading plan for just one day and 1
month later you lost all your life
savings instead of persisting and
learning from your mistakes you quit
trading forever you over leverage so you
can get rich quick fast only to cheat
yourself from the wisdom and the
knowledge that comes from experience so
you blow your account and lose
everything you have worked so hard for
there's a lot of these people committing
these mistakes every single day and they
never learn I know because I was one of
these people that is exactly why they
will never get anywhere in their trading
Journey they will never achieve
consistent profits from the market
compare this to your inner Beast inner
Beast doesn't make excuses it doesn't
take the easy way out the inner Beast is
asking you to focus on the performance
rather than the outcome focus on the
process not the money when the inner
Beast is in charge you take full
responsibility for all your actions you
do the hard things that make you a
disciplined Trader and most importantly
a better Trader even when you enter a
losing streak and trading starts to get
hard you keep going in fact you actually
love it when things get hot it gets that
little inner Beast excited because you
love a good challenge you understand
that losses are part of the game and you
fully accept that trading is simply a
probability game a game of chances you
look at the losses and smile because you
know that you can only build mental
resilience with pain whether you are
building physical mental or emotional
muscle pain is absolutely necessary and
for your whole life you have been
listening to the inner beitch it's time
for you to wake up and Unleash Your
Inner Beast if you are watching this you
don't want to live an average or medle
life you want to become a top 1% Trader
who refuses to default so shut out your
inner and un your inner beast and
you can St your inner beach by doing
these four things every single day keep
the promises you make to yourself set
high standards do the things that others
are not willing to do choose hard over
easy kill that little within and
Unleash Your Inner Bast if you want to
get better at trading price action you
need to take the price action boot camp
which is like a free challenge that will
help you become a master of price action
trading in just 21 days Link in the
description the next secret is to never
lose money rule number one never lose
money rule number two never forget rule
number one this is a famous quot by
Warren Buffett which emphasizes the
importance of capital preservation
instead of focusing on making money
focus on protecting what you have
instead of thinking about how much money
you will make if you are right think
about how much money you will lose if
you are wrong just like how you can't
drive a car without Patrol you can't
trade without Capital that is why if you
want to trade for the long term you must
learn how to sustain in a game how to
conserve your Capital so that it doesn't
run out fast and the only way to
preserve your capital is by managing
your risk properly before you enter for
a trade you must know where you are
getting out if you are wrong and if you
are right and when the price hits your
stop loss just accept the loss and move
on determine your risk before you trade
so that you can actually Define your
risk to reward ratio if you are not
comfortable with risking the amount of
money then use a smaller position size
in trading wins and losses are
inevitable and you have to accept this
fundamental fact if you want to become a
successful Trader the only way you can
be profitable in the long run is if your
winning days are bigger than your losing
days when you win you must make more
money than when you lose and you can do
this by having a proper RIS to R ratio
of at least 1 is to two as long as you
are using stop losses and proper
position sizing you should be able to
win more money than you lose the next
secret is something that successful
Traders and successful people do every
single day and that is to become 1%
better every day to become a top 1%
Traer you just need to improve by 1%
every single day you might think that
this 1% Improvement is insignificant how
can I become profitable fast if I only
improve 1% every day everyone thinks
that to achieve success in trading you
need to set a big goal and then take big
lips in order to accomplish that goal
fast that is why you will start
overleveraging using lot sizes way too
big for your account and also for trats
even when there is no opportunity
eventually you'll blow that account and
you will get frustrated instead you
should focus on making continuous
improvements by slowly and slightly
adjusting your day-to-day habits
sticking with the boring fundamentals is
not fun or impressive but it works and
you must understand that you will not
see any results immediately after the
have improved just 1% today at the start
there is no difference between making a
choice to become 1% better or 1% worse
it won't really have a big impact on you
today but as time passes these small
improvements or declin start to become
more obvious they start to compound and
suddenly a year later you will see
there's a very big gap between those
people who choose to make 1% battle a 1%
Improvement on a daily day basis compar
to those people who decided to become 1%
worse and if you get 1% better at every
single day for just one year you will
actually become 37 times better by the
time you are done and that is why small
choices do not seem to make much
difference today but if you add it up
over time you will see tremendous
results because of The Compound Effect
so to become 1% betterle every day I
have three simple steps for you do more
of what works eliminate just one trading
mistake a day check your progress this
three things if you can do it every
single day you'll become a better Trader
in just one year law number five always
grateful Never Satisfied the truth is
you can never truly become a master at
trading because you can never really
conquer the market because the market is
always filled with uncertainty this is a
lifelong journey and you must always be
trying to get better every single day
you have to show up put one foot in
front of the other and trade in silence
when we achieve a little bit of success
we start to think that we are the best
Traders in the world and we are
invincible and then inevitably the
market start to Humble Us by giving us a
huge loss every single day I wake up I
tell myself that I am absolutely nothing
I have a day one mentality where it's
always or rather I treat every single
day as the first day of my trading
journey I work like I'm Brook and I
never let success get to my head I know
nothing about the market so I continue
to learn and improve because I know that
once you start to get comfortable with
what you have and you start to settle
mediocrity sets in and it will prevent
you from taking things to the next level
it's easy to make your first $10,000 per
month but it's extremely hard to
consistently make that same amount every
single month if you sleep on a win you
will wake up with a loss that's why when
I reach the top of the mountain I
purposely push myself down a little bit
so that I can climb a mountain that is
higher so that I can become a more
disciplined Trader so that I can change
more lives so that I can make more money
so much more money that in case
something unfortunate happens to my
family in the future and they need the
amount of money the next secret is
something that means a lot to me and
that is to choose purpose over pleasure
here's a harsh truth you won't find
happiness or perfum from the
materialistic things like a sports car
or a nice watch it was back in June 2022
where I just got a little bit of success
and my trading started to take off
that's when I first started make my
first $10,000 per month so I decided to
reward Myself by treating myself to a
nice little vacation in puket in
Thailand I wanted to leave like the
digital Nomad lifestyle so I went to
this beautiful beach called the Patong
Beach my friend and I went into this
beach club and we sat at this table that
was outside the beach club so you could
see like the beautiful sea view I could
feel the gentle seab breeze blowing on
my face as the sun started setting it
was the most beautiful view I've ever
seen in my life and after ordering food
I I put out my laptop and I started
looking at the charts then I got
distracted by the loud idium music
playing at the beach club and then there
were kids splashing water at each other
in the swimming pool I couldn't
concentrate on analyzing the charts at
all I thought this was a lifestyle that
I have always dreamed about after all
this was the lifestyle they preach on
Instagram right but why don't I feel
happy because I was not in a flow State
I was much more happy back when I was at
home waking up at 5:00 a.m. exercising
and sitting in front of my computer and
doing 2hour deep work blocks where I can
just fully focus on trading without any
distractions and getting into a flow
State that's when I realize that all
this glamorous and materialistic stuff
that can impress other people does not
make you truly happy the things like the
nice cars the watches the nice houses we
think that when we reach our goal like
when we get good grades or we make our
first $1 million from Trading or when we
hit our first 10,000 subscribers we'll
be happier but when we actually reach
these goals our happiness actually
doesn't change at all in fact it
actually dips a little bit Naval said
that desire is a contract that you make
with yourself to be unhappy until you
get what you want you start to become
disturb when you want something and you
work really hard to get that thing and
in the meantime you feel miserable and
then once you get that thing you
actually revert to the state you were in
before you get the thing it's a delusion
that there's something out there that
will give you complete happiness a
bigger house a faster car a more
expensive watch as I get older and more
wiser I realize that the things that
truly makes me happy are actually the
old basic and boring things like waking
up early helping others getting good
sleep exercising mindfulness focused
trading and getting into a flow stage
things that are often boring and
monotonous become enjoyable when you
have a reason to pursue for fuman over
pleasure so don't let Society detect the
definition of happiness for you decide
that for yourself find out what's the
definition of your happiness for
yourself determine your core values and
find out what truly makes you happy and
also make sure you are great food for
the little things that you have access
to like clean water healthy food and
even just a shelter above your head the
next law would definitely make you a
successful Trader if you can follow it
and that is to put Pro ESS over money
you can control the process not the
outcome that is the secret to trading
success at the end of the day you can't
control how much money you make from one
trade but you can control whether or not
you follow your trading plan whether or
not you even enter a trade in the first
place what lot size you are using and
how do you manage the trade do you move
your stop loss or do you move your take
profit when you focus on trading your
system with discipline and consistency
the profits will eventually come just
because you lost one trade does not mean
that your trading system does not work
if you use the correct position size
each trade should just be treated as
just one of your next 100 trads one tra
can have a random outcome but 100 trats
can be used as a FAL to find out whether
or not your trading system works or not
that's why you should always zoom out
and focus on the big picture and not
just on one trade focus on your process
not the short-term results the next law
is to take full responsibility when you
are focusing on process over money that
also means that you need to take full
responsibility over your trading lost
too much money on this trade my fault
losing streak my fault lost this trade
because of news my fault blaming
everyone else the market the Federal
Reserve for your losses wouldn't do
anything to help your trading at all and
growing up I had this victim mentality
but I'll blame everyone else around me
I'll blame my parents for being so poor
that we have to get financial assistance
I'll stutter when I speak and I'll blame
my dad for it because he starters also
I'll blame my friends when I don't get
invited to parties I'll blame everyone
else but me I didn't really achieve
success until I decided to take back
control of my life if you are born poor
it is not your fault but if you die poor
it is 100% your fault in life you don't
get what you want you get what you
deserve you have to play the cards that
you are dealt with you can blame the
market or you want but nothing will
change unless you do in the end you
chose your trading strategy you enter
and exited the trade you did the
research so you own the outcome you
can't control how the market move but
you can control your own actions and you
must accept both the wins and the loss
when you accept the outcome and you take
full responsibility for your traits
that's when you can finally learn to
adjust to the market and not repeat the
same mistakes so make your decision
leave with them because worrying does
not undo the past and wishing doesn't
change the future you can either be a
victim or a Victor your choice the next
success secret is to think longterm when
was the last time you wrote out exactly
how you want your life to be like you
don't need motivation you just need
Clarity of path and Clarity of vision to
achieve your dream life and having a
Clear Vision does something magical to a
Trader it's what gets you out of the bit
in the morning even though you're going
through a face is what give you
Milestones to celebrate as you make your
vision a reality and it's what keeps you
going with have a sense of Relentless
Obsession even when the suck Factor
comes in because trust me the suck
Factor always find its way into a
Trader's life everything we do it in
trading we do it because we either want
to avoid pain or we want to seek
pleasure and the secret to trading
success is to learn how to use pain and
pleasure to your advantage instead of
having pain and pleasure use you if you
can do that you are in control of your
training account if you don't the market
control you the problem is that most of
us base our decision on what we're going
to do on what's going to create pain and
pleasure in the short term instead of
the long term get out of good trade
avoid pain move your stop- loss avoid
pain over leverage sick pleasure forrat
sick pleasure however anything that you
want that is valuable requires you to
break through the shortterm pin in order
to gain the long-term pleasure which
brings me to my next secret and that is
to choose discipline over motivation
just like how the Sun comes up every day
you have to show up every single day
without fail whether you feel like it or
not every single action that you take is
a vote for the person you wish to become
every time you take a bad trait that
goes against your trading plan you are
voting for yourself to become a losing
Trader and every time you take a good
trade trade that is aligned with your
trading plan you are voting for yourself
to become a successful Trader now let's
compare two Traders Trader a and Trader
B Trader a does not have a trading plan
does not have a trading journal does not
use the proper risk management so K user
slot sizes way too big for his account
and he trade based on his emotions on
the other hand we got Trader B Trader B
sticks to his trading plan all the time
joural his trades when he's done for the
day practice proper money management is
patient to wait for the high probability
trade setups which Trader do you think
will be more profitable in the long run
if you answer Trader B you are
absolutely correct because of course
it's going to be Trader B Trader B is
disciplined enough to do the hard things
that makes him a disciplined Trader and
most importantly a better and a more
profitable Trader a lot of you always
ask me hey Brad how do I become more
motivated just like you my answer is
always the same I'm not motivated I am
disciplined I don't believe believe in
motivation because motivation doesn't
last you can watch my videos and get
motivated for 5 minutes but then after
you're done next thing you know you go
back to the same old bad habits and
continue to lose money and lose money
what you really need is not motivation
it's the discipline to practice the good
habits of a top 1% Trader once you
actually develop these good habits it
will actually be very hard for you to go
back to the same old bad habits when you
see my Instagram profile you will see
all my public victories videos of me
traveling the world living my dream life
buying my family whatever they want and
hanging out with friends what you don't
see is the small daily wins every single
day that accumulated over time that
contribute to all these public victories
today I wake up at 5:00 a.m. that's my
first win and then I meditate for 10
minutes another win and then I read
books for 30 minutes and then I carry
out my 2hour deep work blocks and I go
to the gym another win I love to stack
wins on top of wins through my entire
day and that is how I have an amazing
Ing and fulfilling day and most
importantly a fulfilling life I live
each day of my life with meaning and
with purpose by doing the hard things
you are building your discipline Master
up and soon the things that you hate at
doing at first becomes a habit diet you
do it anyways you don't feel like it you
do it anyways because the small things
you do every single day add up to Big
results if you want to change the world
start by changing yourself if you want
to change yourself start by changing
your habits when humans hit to change we
love to remain in the same old
comfortable place but that is bad
because in order to become the best
version of yourself you must change now
why do people take so many years to
become a profitable Trader because it
takes years to develop a disciplin mind
that trads well example when we are
going through a winning streak you will
get like a Euphoria and this Euphoria
will cause you think that you are
invincible and then it will tempt you to
jump into the next trade without looking
for your confluences that is the true
test of discipline bro it's easy to be
disciplined when no emotions is involved
this is when true cold heart discipline
comes in the disciplined Trader will
resist the temptation and stick to the
plan knowing that deviating from their
trading plan will lead to disastrous
results I believe more in
self-discipline because at the end of
the day no one is coming to save you
you're born alone and you will die alone
so all you have is yourself in this
world so it's easy to work hard when
everyone else is watching you it's all
about what you do when no one is
watching you it's all about the early
mornings where you wake up to study
trading and to grind it's about the late
nights where you stayed up to journal
down your traits is the times where you
almost gave into your emotions self
discipline is going to help you make the
decision to resist daily Temptation that
may help to prevent you from moving
towards achieving your goals when I die
and I go to heaven God will show me a
signboard
and tell me Brad this is what you could
have been you could have been a
millionaire Trader you could have been a
tribe leader who changed millions of
lives and most importantly a good son
and a good father that provided and
protected his family I want to tell him
yes sir this was my life and I have no
regrets my biggest fear would be when
God replied too bad you were just a
waiter and you went on to work a night
to five job because you didn't have the
boss to chase after your dreams and do
what you really want to do in life law
11 is to adapt or fail what is the best
indicator to use what's the best time
frames to trade what is the best
settings for the moving averages it
depends most beginner Traders they don't
understand context and trading without
understanding context is a formula for
disaster beginners they treat every
scenario in the market the same so they
use the same strategy all the time
professional Traders they always adjust
their thinking and their positions
because they know that the market is
always is changing it can change in
terms of volatility Direction and bias
yes you can get in for a buy right now
but 1 hour later a high impact news come
out causing the currency to be bearish
now instead of sitting there and praying
to God that the price will eventually
reverse and go back in your favor you
need to wake the hell up and be flexible
enough to adapt to the new circumstances
understand that you need to get out when
the conditions of the market have
changed or even pavot your position if
necessary the context of the market will
determine the size of the move and how
long this move will last so you need to
be flexible and adapt to the new
situations on the market and don't
impose your thoughts onto the market
React to what the market is actually
showing you if you are watching this
kudos to you man you are really serious
about becoming a top 1% Trader which
brings me to law number 12 TR trading
like a business trading is a business
where you are putting your heart earned
money on the line every single day yet
most people go into trading without a
plan these people are not trading they
are gambling trading wasn't my first
sight hustle I tried everything from
starting an online software company to
affiliate marketing I felt at the first
few businesses I started because I
didn't execute I was still busy reading
all the business books I could find I
was busy creating a business plan I was
busy creating the website for that
business and at the end I didn't even
launch the business now listen reading
books will not make you rich watching my
videos will not make you a successful
Trader unless you take action so set
quarterly goals develop a trading plan
follow a set of trading rules track your
progress review your trades study and
improve these are the ways where you can
treat trading as a business and when you
finally treat trading seriously the
market will treat you seriously it's
finally time for you to treat trading
seriously so go join the price action
bot camp and use the next 20 1 days to
master price action trading a valuable
High income skill that will change your
life and if you're want to shortcut your
trading journey and become a profitable
Trader 10 times faster than I did check
out the trading blueprint and if you
want to learn how to make six figers
from Trading from scratch then watch
this video next trust me this is the
best video I made on my channel so far
and remember you just one trade away mAh
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