How I was able to become profitable after 2.5 years of losing money

Summary

In 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

00:00

🎥 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.

05:02

📈 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.

10:02

🧘‍♂️ 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.

15:04

📊 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.

20:06

💡 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.

25:08

🌐 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.

Keywords

💡Accountability

Accountability in the context of the video refers to the personal responsibility one has for their actions and decisions, particularly in trading. The speaker emphasizes the importance of taking accountability for one's trading actions instead of seeking validation from others or social media. It is a crucial aspect of personal growth and improvement as a trader, as it leads to self-reflection and the correction of mistakes.

💡Perception vs. Reality

The concept of perception versus reality is highlighted when the speaker discusses the difference between being perceived as profitable and actually being profitable. In the video, he shares his personal experience of focusing more on how others saw his trading success rather than the actual profitability. This distinction is important as it can lead to a false sense of accomplishment and hinder genuine progress in trading.

💡Social Media Influence

Social Media Influence is a key concept in the video where the speaker talks about the impact of platforms like Twitter and Instagram on a trader's mindset. He warns against comparing oneself to others and seeking validation from social media, which can lead to an unhealthy focus on appearances rather than actual trading performance.

💡Mental Maturity

Mental Maturity is described as the level of emotional and psychological development necessary for a trader to recognize their own mistakes and make necessary changes. The speaker mentions that reaching this point of mental maturity is crucial for a trader's success, as it involves self-awareness and the ability to make rational decisions independently of emotions.

💡Habits

Habits are repeatedly emphasized as foundational to successful trading. The speaker suggests that building good habits, rather than focusing on making money, is the key to long-term profitability. Habits in this context refer to consistent behaviors and practices that guide trading decisions and actions, ensuring a structured and disciplined approach to the market.

💡Disassociation from Money

Disassociation from money is a mental shift that the speaker identifies as critical for scaling in trading. It involves being emotionally detached from the monetary outcomes of trades, which helps in making rational decisions based on trading strategies rather than fear or greed. The speaker shares his personal 'mental trash bin' concept as a method to practice this disassociation.

💡Scaling

Scaling in trading refers to the process of increasing the size of one's trades or positions over time. The speaker discusses his approach to scaling, which includes being comfortable with losing larger amounts of money and having a mental preparedness for potential losses. This concept is integral to managing risk and emotional control as trading size increases.

💡Journaling

Journaling is presented as a vital practice for traders to assess and improve their trading strategies. The speaker stresses the importance of documenting every trade to identify patterns, correct mistakes, and refine one's approach. Journaling helps in breaking the even stage by providing insights into personal trading habits and decision-making processes.

💡Break-Even Stage

The break-even stage is a point in a trader's journey where they are neither consistently profitable nor losing, but rather their gains and losses balance out. The speaker identifies journaling as a key method to overcome this stage by making traders more aware of their trading habits and enabling them to make necessary adjustments to their strategies.

💡Mental Mastery

Mental Mastery is the ultimate goal for a trader according to the speaker. It involves a deep understanding of oneself as a trader and the ability to control emotions and reactions to market conditions. The speaker shares that mental mastery is achieved by focusing on building good habits and being satisfied with the process of trading, rather than the financial outcome.

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