POST MORTEM (BIGGEST YouTube win ever).

Summary

In 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

00:00

📈 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.

05:01

🌟 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.

10:04

🔄 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.

Keywords

💡Postmortem

A postmortem, in this context, refers to an analysis or review conducted after an event has occurred, often to understand what happened and why. In the video, the speaker uses the term to describe his reflection on a recent trade he executed, aiming to learn from the experience and share insights with his audience.

💡Trading

Trading, in the financial sense, is the act of buying and selling financial instruments such as stocks, bonds, commodities, or currencies, either on an exchange or over-the-counter. The video's speaker emphasizes that trading is not solely about technical skills but also involves mental agility, discipline, and emotional resilience.

💡Telegram Channel

A Telegram Channel is a feature within the Telegram messaging app that allows users to broadcast messages to an unlimited number of subscribers. The speaker mentions starting a Telegram Channel as a platform to teach people about trading, indicating his commitment to sharing knowledge and strategies with a broader audience.

💡Mental Agility

Mental agility refers to the ability to think quickly, adapt, and solve problems under pressure. In the context of the video, the speaker suggests that successful trading requires not just technical knowledge but also the mental fortitude to make decisions and handle the psychological stress associated with trading.

💡Methodology

A methodology is a system of methods and principles used in a particular area of study or activity. The speaker talks about the importance of having faith in one's trading methodology, implying that a well-thought-out and disciplined approach to trading is crucial for success.

💡Nervous Disposition

A nervous disposition refers to a tendency to be easily anxious or nervous. The speaker reflects on feeling nervous during a live trade, which is unusual for him, indicating that even experienced traders can experience emotional challenges and that managing these emotions is part of the trading process.

💡Marathon

A marathon is a long-distance race with an official distance of 42.195 kilometers. The speaker uses the marathon analogy to illustrate the incremental approach to building resilience in trading, comparing the gradual increase in running distance to the gradual increase in trading size to manage stress and improve performance.

💡Dow

The Dow refers to the Dow Jones Industrial Average, a stock market index that tracks the performance of 30 large companies listed on stock exchanges in the United States. In the video, the speaker mentions executing a short trade on the Dow, which means he was betting that the index would decrease in value.

💡Fear

Fear is an emotional response to a perceived threat or danger. The speaker admits to feeling fear during a live trade, which is a significant admission given the context of his message about mental resilience in trading. This highlights the reality that even experienced traders can face emotional challenges.

💡Vulnerability

Vulnerability is the state of being open to attack or damage, often emotionally. The speaker discusses the importance of showing vulnerability, suggesting that by doing so, he gives others permission to feel vulnerable too. This is part of his broader message about the authenticity and human aspects of trading, as opposed to the often glamorized or idealized portrayals seen in media.

💡Linear Business

A linear business refers to a traditional business model where work is performed over a period, and payment is received at the end of that period. The speaker contrasts this with trading, which he describes as non-linear, meaning the outcomes and rewards in trading are not predictable or guaranteed, and can fluctuate significantly.

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