I stopped chasing money & it flowed into my life like water

Summary

The speaker emphasizes the importance of shifting from a money-focused mindset to a process-focused one, highlighting that true fulfillment comes from personal growth and helping others. They argue that chasing money leads to an unfulfilled void, while an abundance mindset and disciplined trading can naturally attract wealth. The video encourages viewers to seek financial freedom through trading, not for materialistic gains, but to gain the freedom to make a meaningful impact on others' lives.

Takeaways

• 💡 Focus on personal growth and process improvement rather than solely on money to achieve long-term success.
• 🌊 Shift from a scarcity to an abundance mindset to avoid the never-ending cycle of wanting more money and to manifest success in trading.
• 💼 Money is a tool and a byproduct of skill; it should be used to buy back freedom and time, not just for materialistic gains.
• 🧘‍♂️ Prioritize capital preservation and risk management over chasing profits to ensure sustainable trading success.
• 🚫 Avoid comparing yourself to others; instead, focus on being 1% better than you were yesterday to foster personal growth.
• 🔑 Trading offers financial, time, and location freedom, which are the true goals, not just the money earned.
• 🤔 Reflect on why you want money and recognize that most people desire freedom and the ability to impact others' lives more than material wealth.
• 🛑 Stop chasing money and instead let it flow to you by valuing it as the time and energy of others and using it wisely.
• 📉 Understand that fewer, high-quality trades are more effective than taking numerous trades, which can lead to losses.
• 🌟 Helping others and making a positive impact can be more fulfilling than materialistic pursuits, leading to a more meaningful life.
• 👀 Keep a discerning eye on online content, as it can often promote a materialistic cycle that distracts from the true purpose of trading.

Q & A

What was the primary change the speaker made in their life to improve their financial situation?

The speaker shifted their focus from being money-focused to being process-focused, aiming to become 1% better each day in all aspects of their life.

How does the speaker suggest that focusing on the process rather than money leads to better outcomes?

Focusing on the process allows for a more relaxed and fulfilled state, which in turn leads to better performance in trading and other areas, with money becoming a natural byproduct of skill and good decision-making.

What is the 'scarcity mindset' mentioned in the script, and how does it affect trading?

The 'scarcity mindset' is a perspective where one trades from a position of lack, fearing loss, which can manifest negatively in trading decisions. It contrasts with an 'abundance mindset' that is more conducive to successful trading.

What does the speaker mean when they say that money is a tool?

The speaker means that money itself is not the ultimate goal but a means to achieve freedom, fulfill needs, and make a positive impact on one's own life and others.

How does the speaker define the three forms of freedom that trading can provide?

The three forms of freedom are financial freedom, time freedom, and location freedom, which allow individuals to manage their resources, time, and choose where they work or live, respectively.

What is the significance of the statement 'the more you chase something, the more it runs away from you' in the context of the script?

This statement emphasizes that a focused pursuit of money can be counterproductive, as it can lead to stress and poor decision-making, whereas a more relaxed and process-oriented approach can naturally attract success and wealth.

What advice does the speaker give for those who want to improve their trading and financial situation?

The speaker advises to stop focusing on the monetary outcome of trades and instead focus on the process, become a good risk manager, and measure success by personal improvement rather than external comparisons.

How does the speaker suggest reframing the concept of money?

The speaker suggests viewing money as a representation of time and energy, which can help individuals to be more conservative with their trading and financial decisions.

What is the main takeaway the speaker wants the audience to have from the video?

The main takeaway is to not destroy oneself for a job that can easily replace one, and not to lose oneself trying to impress people who won't remember one. Instead, focus on using money as a tool to buy back freedom and time.

What is the role of discipline and risk management in the speaker's trading philosophy?

Discipline and risk management are central to the speaker's trading philosophy, as they believe that money flows to the most disciplined and process-focused individuals who manage risk effectively.

Outlines

00:00

🌊 Embracing the Flow of Money Through Process Focus

The speaker emphasizes the importance of shifting from a money-focused mindset to a process-focused one, highlighting how this change has led to a more fulfilled and relaxed approach to trading. By striving to improve 1% each day, the individual found that money became a natural byproduct of good trades rather than the primary focus. The speaker critiques the materialistic mindset ingrained in Western society and suggests that an abundance mindset is essential for successful trading. The video aims to explain why putting money on a pedestal leads to an unfulfilled life, as the desire for more money is insatiable. Instead, the speaker advocates for a focus on the freedom that trading can provide, including financial, time, and location freedom, and encourages viewers to reflect on their true motivations for seeking wealth.

05:02

💼 The Illusion of Monetary Success and the Path to True Trading

This paragraph discusses the common trap of chasing monetary gains and the disillusionment that can follow. The speaker admits to falling into this trap and suggests that new traders are particularly susceptible to the allure of online profits and materialistic lifestyles. The speaker stresses the importance of valuing money correctly, noting that it flows to those who value it most and are disciplined in their approach. The focus should be on capital preservation and making high-quality trades, rather than on the quantity of trades. The speaker also advises against comparing oneself to others and instead encourages self-improvement and introspection. The goal is to be 1% better each day, and the speaker reminds viewers that money is a byproduct of skill and should be treated as a tool for achieving freedom and making a positive impact on others' lives.

10:02

🚫 Breaking Free from Materialistic Pursuits and Prioritizing Personal Impact

In the final paragraph, the speaker urges viewers to avoid sacrificing personal well-being for the sake of impressing others or a job that can easily replace them. The speaker reiterates the message of not chasing money for its own sake but rather using it as a means to achieve freedom and make a meaningful impact. The video concludes with a call to action for viewers to reflect on their priorities and to use money as a tool for buying back time and freedom, rather than squandering it on materialistic pursuits that fail to bring true happiness or fulfillment.

Keywords

💡Process Focused

Being 'process focused' refers to concentrating on the actions, strategies, and daily improvements in one's endeavors rather than solely on the end results or financial gains. In the video, the speaker emphasizes that by focusing on becoming 1% better each day in all aspects of life, including trading, one can achieve greater fulfillment and success. This mindset shift allows for a more relaxed and effective approach to trading, where the quality of decisions and actions naturally leads to financial rewards.

💡Materialistic Mindset

A 'materialistic mindset' is one that values material possessions and wealth above other aspects of life. The video discusses how the speaker overcame this mindset by shifting focus from money to personal growth and process. This change allowed the speaker to find more meaning and satisfaction in life, illustrating the negative impact of a materialistic mindset on personal fulfillment and trading performance.

💡Scarcity Mindset

The 'scarcity mindset' is a belief that resources, including money, are limited and must be fiercely competed for. In the context of the video, the speaker contrasts this with an 'abundance mindset,' suggesting that traders who approach the market with a scarcity mindset are more likely to make fearful and self-defeating decisions. The video encourages traders to adopt an abundance mindset to improve their trading and overall life experience.

💡Fulfillment

Fulfillment, in the video, is described as a state of contentment and satisfaction that comes from personal growth, helping others, and achieving one's goals beyond monetary success. The speaker argues that chasing money alone does not lead to fulfillment, but rather, focusing on personal development and the process of trading does. This concept is central to the video's message that true satisfaction comes from within and from one's actions, not from external wealth.

💡Risk Management

Risk management in trading involves the strategies and practices used to minimize and control potential losses. The video underscores the importance of being a good risk manager rather than solely focusing on monetary gains. By managing risk effectively, traders can protect their capital and ensure sustainable success in the market, which is depicted as a key component of the process-focused approach.

💡Capital Preservation

Capital preservation is the principle of safeguarding one's trading capital to ensure its longevity and avoid significant losses. The video stresses that capital preservation should be the primary concern for traders, as it enables them to continue trading and capitalize on opportunities. It is presented as a foundational aspect of the trading process, where protecting one's capital is more important than chasing short-term profits.

💡A+ Setups

In the video, 'A+ setups' refer to high-quality trading opportunities that present the best chance for profit. The speaker advises traders to focus on identifying and executing these setups rather than taking numerous lower-quality trades. This concept ties into the broader theme of quality over quantity in trading, emphasizing the importance of discipline and selectivity in trading decisions.

💡Financial Freedom

Financial freedom, as discussed in the video, is the state of having enough financial resources to live life without the constraints of a traditional job or financial worries. The speaker relates this to the benefits of successful trading, which can provide not only money but also the freedom to choose how one spends their time and where they live, highlighting the broader implications of financial success beyond material wealth.

💡Abundance Mindset

An 'abundance mindset' is the belief that there are ample opportunities and resources available for success. The video contrasts this with a scarcity mindset and suggests that adopting an abundance mindset can lead to more positive outcomes in trading and life. It is presented as a mental approach that can help traders overcome fears and make better decisions, thereby attracting success and wealth.

💡1% Better

The concept of getting '1% better' each day is a recurring theme in the video, symbolizing the idea of continuous, incremental self-improvement. The speaker uses this phrase to encourage daily progress in all aspects of life, including personal development and trading skills. This mindset is portrayed as a key to long-term success and fulfillment, as it fosters a growth-oriented approach to life and trading.

Highlights

The speaker emphasizes the importance of shifting focus from money to personal growth and process improvement, suggesting that this change leads to a more fulfilled and relaxed life.

Being process-focused rather than money-motivated results in better performance in trading and other aspects of life.

The materialistic mindset ingrained by Western society can be overcome by focusing on personal development.

Money should be seen as a byproduct of good trades and process adherence rather than the primary goal.

The speaker argues against putting money on a pedestal, as it leads to an unfulfilled life and a never-ending desire for more.

An abundance mindset is crucial for trading success, contrasting with the scarcity mindset that many people bring to the market.

Fear of losing money in trading can manifest as losses due to the scarcity mindset.

The speaker finds more fulfillment in helping others succeed, both in and out of trading, rather than just chasing money.

Trading provides not just financial freedom but also time and location freedom, allowing for a greater impact on others' lives.

The true desire behind wanting riches is actually the freedom that comes with it, not the material possessions themselves.

The speaker encourages reflection on why one wants money and suggests that it's often about the freedom it can provide.

Chasing money can lead to an enslaving cycle, whereas focusing on the process can allow money to flow naturally.

The speaker shares personal experiences of getting caught up in the materialistic cycle and the importance of refocusing on the true purpose of trading.

Capital preservation is the primary focus for traders, with the goal of maximizing returns through disciplined trading.

The market is always available, and a trader's career does not hinge on a single day's outcome.

The speaker advises to stop focusing on the monetary outcome and instead concentrate on becoming a good risk manager.

Success should be measured by personal improvement rather than by money or comparison to others.

Money is a byproduct of skill, and having the right skills in trading will naturally attract money.

The speaker suggests that taking fewer, high-quality trades is more beneficial than taking many trades in the hope of making more money.

Money is framed as the time and energy of others, emphasizing the importance of respecting and using it wisely.

The final message is to not destroy oneself for a job or lose oneself trying to impress others, but to focus on the freedom and impact that trading can provide.

Transcripts

I stopped chasing money and it flowed

into my life like

water the number one change that I made

in my life in the past few years was one

I switched from being money focused and

chasing the bag to being process focused

and actually becoming 1% better each day

as a person as a Trader as a friend in

all aspects of my life right I was

focused on getting better 1% each day

and so when I made that change in my

life

it allowed me to one get rid of the

materialistic mindset that I think a lot

of Western Society has implanted in us

um since a young age is growing up we're

surrounded by ads we're surrounded by

this luxury lifestyle that you see

online but when I made the switch from

being Money Motivated to process

motivated I found that I was way more

fulfilled and I just was way more

relaxed in general when I was at the

charts and it allowed me to perform much

better when I was more relaxed at the

charts and not really focused on the

monetary outcome of my trades but really

just making good trades right and then

the money comes as a byproduct of that

so in today's video I'm going to be

covering why you need to stop putting

money on a pedestal so when you actually

do put money on a pedestal right and

you're looking up to the bag and chasing

that dollar right that is going to lead

you to a unfulfilled life okay and the

reason for that is because the more

money you get the more money you want

it's a NeverEnding void right money can

be printed out of thin air so one

there's no need in chasing it right

shift your mindset shift your outlook

okay an abundance mindset is what you

need to have in trading and a lot of

people they come into the market with

this scarcity mindset and they're

trading from a position of scarcity

instead of trading from a position of

abundance trading from a scarcity

mindset that's only going to manifest

itself in the charts right the the very

thing that you're afraid of losing money

that is what is going to happen in the

charts I'm telling you if the thing that

you're most scared of in the market is

going to manifest itself in your trading

and so these things they manifest in

your trading but also you have to

remember that money and chasing the bag

that is only going to lead to one an

unfulfilled void because the more money

you make right the more money you

actually want it's never enough it's a

never ending cycle you always want more

more more and so that's going to leave

you with a empty void inside all right

there's not a lot of fulfillment in just

chasing money I found personally the

most fulfillment in helping other people

not only succeed in trading but helping

other people outside the markets right

helping my brother helping my parents

spending time with them asking what they

need fulfilling their needs that has

been the most fulfilling thing and

that's what allowed me to really wake up

with gratitude each morning

and that's why I love trading because

you have this Outlet right you have this

source of income but you also have the

freedom not just the money but you have

the freedom to really go take that trip

or to spend time with your kids whatever

it is you have the freedom in trading to

really make an impact in other people's

lives not just the money but with your

presence and so I want you to listen

very closely okay you do not truly want

riches you want

freedom and trading provides all three

forms of Freedom you have Financial

Freedom time freedom and location

Freedom trading brings in the money

money is just a tool you can use it to

do whatever you want right money is just

a tool but trading it gives you that

Financial Freedom it gives you that time

Freedom right and it also gives you that

location Freedom that most people can

never dream of right we can do this from

anywhere as long as you have an internet

connection or sell service you can trade

from anywhere in the world and so when I

say you don't actually want money what

you truly want is freedom well you have

to remember the fastest way to not have

freedom is by chasing enslaving for

money so I want you to truly ask

yourself why do you want money why do

you want a lot of money okay is it

because you want to drive nice cars and

show off for people who don't actually

give a about you or is it because

you want to make an impact not just in

your life but in other people's lives

and use it as a tool to buy back your

time and I think for most people deep

down they don't really just want to be

rich and wear Louis Vuitton but what

they really want to do is they want to

do what they

want when they want with who they want

right so I think that is what attracts a

lot of people to trading deep down but

they're just get caught up in all the

money right they get caught up in all

the monetary things right trying to

chase the dollar get their profits back

whatever it is they get caught up in

that materialistic cycle and they lose

sight of what they got into the game for

in the first place it happened to me

I'll be honest it happened to me and I

think that's what happens to a lot of

new Traders too they see all these

profits online they see the Lambos the

marketing

gurus and you got to remember when

you're online I said it in a previous

video when you're online you have to

have that in mind you have to look at

all the content online with a filter I

want to tell you this there is no point

in chasing money because you have to

remember money flows from the people who

value at least and it flows into the

pockets of the people who value it most

money flows to the most disciplined the

process focused and the ones who manage

risk it's important to remember that as

Traders our number one priority is

capital preservation all we're trying to

do is maximize our returns by one making

good trades taking A+ setups but also

not taking any stupid setups or doing

anything dumb or making mistakes in

between those A+ setups okay and that is

what it's all about hitting the target

hard and hitting the button hard when

your A+ setup appears and when you don't

see anything or you can't really read

the market that a certain day or there's

something that you don't quite see or

maybe there's just chop right that's

when you stay out and that's when you go

off and you go do something else

the market will always be here your

trading career does not depend on the

outcome of a single trading day unless

you let it and so now I want to tell you

about some changes that you can make in

your life and how to actually let money

flow to you instead of you chasing it

because we all know the more you chase

something right the the more you chase

something the further it runs away from

you and the harder it is to obtain and

by chasing something you subconsciously

are already putting it up on a pedestal

right you're saying that's greater than

I am I need to go chase that and so by

doing that you're subconsciously putting

materialistic things money whatever it

is you're in here for and you got

distracted by on a pedestal and you're

not focused on the true purpose the true

essence of what trading is right we're

here for Freedom we're here for

financial time and location freedom to

allow us to make can impact in other

people's lives so now I want to share

with you some changes that you can make

in your life and the first one being

stop focusing on the monetary outcome of

your trades and instead focus on the

process focus on becoming a good risk

manager not the money you should be

process focused and the money will

naturally follow and so I want you to

stop measuring success by one the money

but two looking outward and seeing what

everyone else is doing comparing

yourself to other people instead look

Inward and Look Backwards look behind

you and say was I better than I was

yesterday remember the goal is to be 1%

better than you were yesterday right 1%

better a day that's going to get you to

elevate not only your mindset but your

trading as well it's important to

remember that money is a byproduct of

skill and that money is just a tool

right if you have the skills if you have

the skill set of being a good Trader

taking A+ setups managing your risk

you're doing everything right that money

is going to flow into your life because

it it's impossible not to right you're

doing all the right things you're

managing risk you're not taking dumb

setups you're limiting the losses and

you're hammering the A+ setups when they

present themselves there's no way the

money is not going to come to you okay

it's just a byproduct of the skill and

so what a lot of people do is they want

to think oh I can the more trades I take

the more money I'm going to make but

really it's the opposite it's like the

fewer trades you take that are high

quality quality and you don't take any

of the dumb ones in between that's when

the money flows right Capital

preservation one way to think about

money is if you want to reframe it money

is just the time and energy of other

people because think about it most

people are trading time for money right

they go to a job they have a job they go

to their 9-5 and they sit down they work

and in exchange for their time right

they're getting a paycheck so money

really is just the time and energy of

other people so if you can respect that

and you take and you treat your money as

is right as the time energy that you've

put in to earn it then you'll be way

more conservative in your approach and

you will limit your trades right less is

more in trading you have to remember

that money is just a tool and that at

the end of the day it's all in how you

use it right are you going to use the

money that you earn to buy back your

freedom and buy back your time or are

you going to go take that money right

and are you going to go throw it away in

some Gucci Louis Vuitton flipflops some

Louis bags to show off on the internet

to strangers that don't actually care

about you if there's one thing that I

want you to take away from this video

it's to not destroy yourself for a job

that will replace you within a week and

to not lose yourself trying to impress

people that won't remember you in a

day I hope you enjoyed this video if you

did hit the like button smash the

Subscribe button and I'll see

you in the next one