STILL not profitable? WATCH THIS!

Summary

This video addresses common challenges faced by traders, especially those balancing trading with full-time jobs or studies. The speaker emphasizes the importance of patience and discipline in swing trading, the pitfalls of constantly switching strategies, and the psychological hurdles of greed, fear, and losing streaks. By sharing personal experiences and insights, the video aims to guide traders towards developing a consistent, profitable approach tailored to their lifestyle and mindset.

Takeaways

• 💡 If you've been trading for 1-3 years and still aren't profitable, this video aims to address common pain points that might be holding you back.
• 📚 Trading while managing a full-time job or being a full-time student is challenging. Swing trading is a better fit for those with busy schedules as it allows for setting limit orders in advance.
• ⏳ Swing trading is ideal for those who can't dedicate a lot of time to trading. It relies on higher time frames (e.g., 1-hour, 4-hour, daily) and patience is crucial.
• 🧘‍♂️ Trading on higher time frames reduces stress and provides clearer, higher-quality setups, unlike lower time frames that can be overwhelming and lead to emotional trading.
• ❗ Strategy hopping is detrimental. Almost all trading strategies work; the key is to stick with one that resonates with you and fits your lifestyle.
• 🔄 Beginners often struggle with lower time frames due to the complexity and abundance of data. It's recommended to start with at least a 15-minute time frame for better clarity and decision-making.
• 💪 Trading is a constant personal development journey that requires working on psychological aspects like greed, fear, and managing losing streaks.
• 😰 Fear in trading can manifest as closing trades too early or moving stop-losses too quickly, which negatively impacts overall profitability.
• ⚠️ Greed can lead to unrealistic expectations and the pursuit of home runs rather than consistently stacking up smaller, more manageable wins.
• 📈 Experience and data can help mitigate the emotional toll of losing streaks, but it's important to remain stoic and remember that trading does not define who you are as a person.

Q & A

What are the four main topics discussed in the video script?

The four main topics discussed are trading while having a full-time job or being a student, the difference between swing trading and day trading, the importance of choosing the right time frame for trading, and dealing with strategy hopping, greed, fear, and losing streaks.

Why might someone with a full-time job or a student struggle with trading?

They may struggle because they don't have the time to be actively monitoring the market during specific trading sessions, which can be crucial for certain trading strategies.

What is the advantage of setting limit orders in trading?

Limit orders allow traders to do their analysis ahead of time and set an order for where they think the price is going, along with parameters like stop loss and take profit, which can execute while they are away or busy.

Why is swing trading recommended for people with busy lifestyles?

Swing trading is recommended because it does not require constant monitoring of the charts and allows traders to set limit orders that can execute over a longer period, fitting better with a busy schedule.

What is the significance of trading on higher time frames like the 4-hour or daily charts?

Higher time frames provide more significant patterns and key levels, representing more substantial market movements and liquidity, which can lead to higher probability trading opportunities.

What is strategy hopping or 'shiny ball syndrome' in trading?

Strategy hopping is when traders constantly switch between different trading strategies, often due to being distracted by new strategies presented as the 'secret' to success, instead of sticking with a single strategy long enough to see consistent results.

Why is it important to stick with a single trading strategy?

Sticking with a single strategy allows traders to gain experience and consistency, understand the strategy deeply, and avoid the pitfalls of constantly chasing new strategies that promise quick success.

How can trading on lower time frames affect a beginner trader?

Trading on lower time frames can be overwhelming for beginners due to the high volume of data and candles, leading to confusion and difficulty in identifying true market movements versus noise.

What is the recommended approach to dealing with greed in trading?

The recommended approach is to recognize and manage greed by setting realistic profit targets, focusing on consistent small wins rather than aiming for large, infrequent profits, and maintaining discipline in sticking to the trading plan.

How can fear impact a trader's performance?

Fear can cause traders to close profitable trades too early, trail stop losses aggressively, and avoid letting trades go to completion, which can skew their overall profitability and lead to unnecessary stress and losses.

What should a trader do during a losing streak?

During a losing streak, a trader should remain stoic and emotionless, trusting in their strategy and analysis, and understanding that losing streaks are part of the trading journey and do not define their overall success.

Outlines

00:00

📈 Trading Challenges for Part-time Traders

The speaker addresses the struggles of traders who are not full-time, such as students or those with full-time jobs. They discuss the difficulty of managing trading alongside other responsibilities, highlighting the importance of setting limit orders to manage trades efficiently without constant chart monitoring. The speaker shares personal experience as a former full-time carpenter who traded during off-hours, emphasizing the flexibility of trading and advocating for swing trading over day trading for those with limited time.

05:02

🔍 The Pitfalls of Lower Time Frame Trading

This paragraph discusses the common mistake of beginners trading on lower time frames, which can be overwhelming due to the high volume of data and potential for false signals. The speaker suggests that higher time frames like the 4-hour chart offer more significant patterns and are less prone to market noise. They recommend the 15-minute chart as a balanced middle ground for those who want a mix of swing and day trading, advocating for a shift in focus to higher time frames to reduce stress and improve trading results.

10:02

🔄 The Dangers of Strategy Hopping

The speaker criticizes the tendency of traders to constantly seek new strategies, referring to it as 'shiny ball syndrome.' They argue that every strategy can work if given enough time and consistency, and that the real issue lies in the trader's commitment rather than the strategy itself. The speaker warns against the marketing tactics used by educators promoting the latest 'secret' technique and advises traders to find a strategy that resonates with them and stick to it for success.

15:04

💰 Overcoming Greed, Fear, and Losing Streaks

In this paragraph, the speaker delves into the psychological aspects of trading, discussing the impact of greed, fear, and losing streaks on a trader's performance. They admit to struggling with greed, defined as the pursuit of larger profits at the expense of smaller, more consistent wins. The speaker also talks about the fear of holding profitable trades and the tendency to close them too early, which can skew trading numbers. Lastly, they address the challenge of losing streaks, emphasizing the importance of maintaining discipline and perspective during tough times.

🚫 Fear and Its Impact on Trade Management

The speaker continues the discussion on the psychological aspects of trading, focusing on fear's role in trade management. They describe how fear can lead to premature closure of profitable trades or aggressive stop-loss management, resulting in break-even trades and hindering overall profitability. The speaker encourages traders to trust their analysis and trading plan, letting trades play out to completion without interference from fear.

📉 Coping with Losing Streaks and the Importance of Mental Resilience

The speaker concludes by discussing the mental resilience required to handle losing streaks. They acknowledge the emotional toll of consecutive losses and the importance of maintaining a stoic, emotionless approach during such periods. The speaker shares personal strategies for coping with losses, such as reminding oneself that trading is separate from personal identity and drawing on experience and data to maintain confidence in the trading strategy's long-term viability.

Keywords

💡Profitability

Profitability in the context of the video refers to the ability to consistently make money from trading activities. It is a key goal for traders and a measure of success. The video emphasizes that if one has not achieved profitability after several years of trading, it may be time to reassess strategies and habits, as profitability is central to a sustainable trading career.

💡Pain Points

Pain points are significant issues or challenges that traders face, which are often not adequately addressed in trading discussions. The script identifies several pain points such as managing trading with a full-time job or studies, lack of patience, and strategy hopping. These pain points are integral to understanding the barriers that prevent traders from achieving profitability.

💡Swing Trading

Swing trading is a trading strategy that focuses on holding positions open for several days to weeks, aiming to capture gains from price swings. The video suggests that swing trading is particularly suitable for individuals with busy lifestyles or full-time commitments, as it does not require constant monitoring of the market. It is a key concept in the video as it offers a viable approach for traders to manage their time effectively.

💡Limit Orders

Limit orders are instructions to buy or sell a security at a specific price or better. The video highlights the utility of limit orders for traders who cannot be present during market sessions, allowing them to set entry and exit points in advance. This concept is crucial for traders seeking to balance trading with other responsibilities.

💡Time Frames

Time frames in trading refer to the duration represented on a price chart, such as 1-minute, 4-hour, or daily charts. The video discusses the importance of choosing appropriate time frames based on one's trading style and availability. Higher time frames are recommended for swing traders, while lower time frames can be overwhelming and are typically more suitable for experienced day traders.

💡Strategy Hopping

Strategy hopping, also known as 'shiny ball syndrome,' is the tendency for traders to switch between different trading strategies frequently, often in search of a 'holy grail' that guarantees success. The video warns against this behavior, emphasizing that sticking to a single, well-understood strategy is more likely to yield consistent results.

💡Mental Health

Mental health in the video is related to the psychological well-being of traders and how it impacts their trading decisions and performance. The script mentions that the stress of trading on lower time frames can negatively affect mental health, and by extension, trading outcomes. It suggests that transitioning to higher time frames and swing trading can alleviate this stress.

💡Greed

Greed in the context of trading is an emotion that can lead traders to hold onto trades for too long in the hope of maximizing profits, often at the expense of risk management. The video discusses the speaker's personal struggle with greed and its potential to disrupt a trader's discipline and strategy adherence.

💡Fear

Fear in trading is the apprehension or anxiety that can cause traders to make decisions that deviate from their planned strategies, such as closing profitable trades too early. The video describes how fear can be detrimental to a trader's performance by causing them to avoid potential losses at the expense of potential gains.

💡Losing Streaks

Losing streaks refer to a series of consecutive trading losses that can demoralize traders and lead to emotional decision-making. The video advises traders to remain stoic during losing streaks, relying on their strategy's historical performance to maintain confidence and avoid emotional exits from the market.

💡Personal Development

Personal development in the video is the ongoing process of self-improvement that traders undergo as part of their trading journey. It includes recognizing and addressing personal weaknesses, such as greed or fear, that can impact trading performance. The video posits that personal development is a key aspect of becoming a successful trader.

Highlights

If you've been trading for 1-3 years and are still not profitable, this video addresses common pain points and offers strategies to help shift your trading from inconsistent to consistently profitable.

Balancing trading with a full-time job or being a student is challenging, but swing trading and setting limit orders can help manage trades without being glued to the charts.

Swing trading is recommended for those with busy lifestyles as it allows you to set up trades on higher time frames like the 1-hour, 4-hour, or daily charts and then focus on other responsibilities.

Trading on higher time frames reduces stress and increases the probability of success because patterns and key levels hold more significance compared to lower time frames.

Beginners often struggle with lower time frames due to the overwhelming amount of data. Transitioning to higher time frames or at least the 15-minute chart can provide more clarity and reduce stress.

Most trading strategies work, but success depends on finding a strategy that resonates with you and sticking with it. Consistency is key, not constantly hopping between strategies.

Social media can be misleading, often promoting new strategies as the 'holy grail,' but these are usually marketing tactics. Stick with what works for you and avoid distractions.

Greed, fear, and losing streaks are significant psychological barriers in trading. Managing these emotions is crucial for long-term success.

Greed can manifest as aiming for home runs instead of consistent small wins, which can lead to unhealthy trading habits. Focus on steady progress.

Fear can cause traders to close profitable trades too early or manage stop losses too aggressively, leading to missed opportunities and sabotaged profits.

Losing streaks are tough but inevitable. It's important to remain emotionless, trust your strategy, and have confidence that the streak will end.

Trading doesn’t define who you are; it’s important to keep perspective and not let losses affect your self-worth or personal life.

Having a strategy with a strong track record and data to back it up can help mitigate the emotional toll of losing streaks and reinforce your confidence during tough times.

The speaker emphasizes the importance of finding a trading strategy that matches your personality and lifestyle, rather than trying to fit yourself into someone else's strategy.

Consistency and discipline are the most important factors in trading success, more so than any particular strategy or method.

Transcripts

if you're watching this and you've been

trading for one year 2 years 3 years Etc

and it's still not clicking for you

you're still not profitable then you

need to watch this video I'm going to

break down four main topics that I have

realized are pretty prevalent over the

course of coaching over 1700 people

these are some major pain points that I

don't see talked about enough in the

trading space so I'm going to hopefully

do that Justice today and the goal is

something I say resonates with you today

that can finally shift that tide in your

trading career from inconsist to finally

consistently profitable so make sure you

stick around till the end of the video

so you can get all the value out of this

and if you haven't already hit the

Subscribe button because I post content

like this every couple weeks and I would

really appreciate your support so one of

the things that isn't really discussed

enough is the situation that people find

themselves in trying to trade while also

being a full-time student or having a

full-time job now I haven't been a

student for a very long time so it's

hard to speak on that but I can relate

it to having a full-time job so before I

got into trading actually while I was

getting into trading I was a full-time

Carpenter I had a residential finished

carpentry business for about 7 years and

I was a carpenter for about 10 years so

I'm well aware of what it takes to

manage a trading career while also

managing an actual career outside of the

charts what I did when I was a full-time

Carpenter working 10 to 12 hour days

every day 6 to 7 days a week as soon as

I would get home I would have some

dinner and then I would hop on the

charts and do my analysis now the cool

thing about trading is that there's so

many different ways to actually do it

you don't have to be a scalper sitting

on the charts uh executing during a

certain session so what I used to do

back then is just set limit orders and

that's still what I do to this day even

though I have the luxury of being a

full-time Trader so the beauty of

setting limit orders is that you can do

your analysis way ahead of time and set

an order for where you think price is

going to go to and set your parameters

around that like your stop loss and your

take profit so that's really the beauty

of trading you can do that anytime

anytime that you have like 15 or 20

minutes to actually analyze the charts

you can identify trading opportunities

and just set them up on your trading

platform and they'll execute those

positions while you're out and about

while you're at work while you're in

class while you're studying for an exam

whatever the case may be now with that

being said that kind of leads me into

the topic of Swing trading versus day

trading if you're a full-time student if

you have a full-time job or honestly

just even a busy lifestyle in general

and you don't want to spend that much

time on the charts swing trading is

pretty much much the only option for you

because it's the only way that you don't

have to be locked into a specific

session so sometimes for example trading

New York session could interfere with

your class schedules or your actual work

schedule right the only way to avoid

that is like I said setting limit orders

ahead of time and just letting them do

their thing so that leads into swing

trading because you can't really do that

on for example the 5 minute time frame

or the one minute time frame if you're

trying to scalp or day trade a session

you can't set limit orders and then just

walk away from your charts that would

would be incredibly irresponsible and

unprofessional however if you shift your

focus to higher time frames such as the

1 hour the 4H hour the daily the weekly

your trading won't be as frequent but

you're going to find higher quality

setups and they will be very easy to

enter Because you can literally just set

your limits and go on with your life the

main issue that people have with swing

trading I find is that they lack

patience but if you already have a busy

life like if you're a full-time student

for example you don't have the luxury of

being on the charts whenever you want

okay you have other responsibilities

same thing goes for having a full-time

job you'll probably get fired if if

you're found being on the charts all day

you have to be patient and swing trading

is the easiest way to do that so utilize

higher time frames set those limit

orders and just go on with your life now

on this YouTube channel I've taught many

different ways to take advantage of that

I'm predominantly a swing Trader myself

and I have shared pretty much my exact

strategy on this YouTube channel for

free so I've taught you guys exactly how

to do that so if you haven't already

check out some of those videos and

hopefully it can open your eyes to the

possibilities of how freeing swing

trading can actually be now I'm not

trying to push you towards something

that maybe you don't feel comfortable

with but the thing is we have to think

about this logically right if you don't

have the time to be on the charts

trading a specific session like some

full-time Traders get to do then how

else are you going to make it work swing

trading is the only option really so

again the beauty of trading is that

there are so many different ways to find

success so many different strategies

there's no one siiz fits-all in fact

most strategies do work the thing is

whatever strategy you resonate with you

have to cater that to your lifestyle you

have to tweak it until it works for you

because each one of us is different we

each have our own individual problems

and schedules and things that we

resonate with and things that don't make

sense to us you need to figure out what

fits your lifestyle the best and then go

with that

so another issue that needs to be

discussed a lot more is the fact that

most beginners get sucked into trading

solely on Lower time frames now say what

you want about day trading and scalping

it's obviously possible and for some

people it resonates more so than any

other style of trading but the fact the

overwhelming fact is that most beginners

have a very difficult time trading on

Lower time frames when you're on a

4-Hour time frame for example each

candle represents 4 hours of data when

you're on a 1 minute minute time frame

there's just so many candles because

they all represent one minute of data so

you just have so much to look at so

logically it's going to be more

complicated I've always felt that it

takes a more experienced Trader to to

trade the lower time frames at least

consistently anyways obviously

anything's possible Right like if you if

you really want to trade those low time

frames then who am I to stop you but

again you're just making it hard on

yourself for for no reason I would

recommend like the lowest to go on time

frames being the 15minute that seems to

be a really good happy medium between

swing trading and day trading low time

frames and high time frames the 15

minute is just a great midpoint and that

can of course allow you to have some

more clarity and it's just simply less

data to focus on which means your job

will be easier as a Trader there's less

to decipher now another point to add to

that is that the higher you go on time

frames the more weight those time frames

hold now I know this is repeated often

you've heard that before I'm sure but

for example a pattern or a key level or

a retracement on a 4-Hour time frame is

going to be much more significant and

present a high probability opportunity

in comparison to something that formed

on the 5-minute time frame that looks

the exact same because on those low time

frames what we see is a lot of false

movements or maybe I shouldn't say false

but just basically liquidity is purged

all over the place on low time frames on

a higher time frame it's much easier to

identify where liquidity is resting in

the market where it's most likely to be

purged and then you can do your job as a

responsible Trader to avoid being part

of that liquidity Purge and instead

trading alongside with the market now

when you're on a lower time frame that

becomes not impossible but extremely

difficult what happens with most

beginner Traders when they're glued to

the one minute time frame or the five

minute time frame they're just getting

chopped up all over the place left and

right you know every move that happens

they're part of liquidity and then when

when price finally takes its course in

the intended Direction they feel left

out and then they start entering the

emotions of you know fomo or Revenge so

again why not just avoid all of that

just go up a few time frames go to the 1

hour time frame the 4H hour time frame

or like I said if you really want a a

low time frame then stick to the

15minute because that's a happy medium

basically I can almost guarantee guys if

you if you make that small change and

just Shi your focus and stop listening

to all these scalpers on YouTube You're

Going to notice a big difference number

one in your trading results and number

two in your mental health and mental

focus and Clarity because there's

nothing worse than being chopped up on a

one minute time frame and the stress

that that actually puts on you

physically is tremendous and

unfortunately physical and mental health

have such a huge part to play in our

trading careers and the decisions that

we make on a day-to-day basis so so I

try my best to limit stress as much as

possible and one thing that that did

that the most for me was actually

transitioning to swing trading um about

a year ago now I still do have a day

trading portfolio and I'm active on that

that's mostly just because I'm a

full-time Trader and I have the luxury

of doing so um and I've been doing it

long enough now where it doesn't really

stress me out of course I have my ups

and downs you know everybody has off

days and and gets stressed out we all

experience human emotion nobody's immune

to that but overall I've eliminated the

majority of my

stress by trading higher time frames and

also by tweaking my system to eliminate

unnecessary losses unnecessary emotions

and so yeah I think if you if you take

that into consideration it could

actually make a huge impact on your

trading career

[Music]

the next major issue that I want to

discuss is strategy hopping or as some

call it shiny ball syndrome and that

should be pretty self-explanatory it's

when you're doing something and you get

distracted by something else and jump

ship everybody's so obsessed with

trading strategies for some reason even

though that's actually the least

important aspect of successful Trading

and I say that because pretty much every

strategy in existence works and works

well so there's really no need to be

constantly looking for some Holy Grail

that doesn't exist I know plenty of

successful traders who trade support and

resistance trend lines uh structure and

Fibonacci like myself there are so many

simple easy ways that could be taught to

a toddler for goodness sake where you

can be successful with it if you just

stick with it long enough unfortunately

all over YouTube Instagram Twitter

especially or X as it's now called it

seem seems like every other day there's

a New Concept being shared with the

promise of this finally being the

missing piece the missing puzzle piece

to your trading career and that's how

it's marketed too it's always like guys

after all these years of trading I

finally found the secret it's turtle

soup mitigation Block Breaker something

how stupid do you have to be for to fall

for this continuously I don't know who

subscribes to this nonsense it sucks

because I see so many people fall for it

and if you don't understand by now that

that's a marketing play to sell a

product or course or mentorship then you

just don't belong on the internet you're

going to have a tough time trading if

you can't discern that information by

now it is clearly all marketing that's

unfortunately the angle that a lot of

these Educators have to take because if

they stop coming out with a new

technique a new strategy every couple

weeks Their audience starts to die off

they don't sell as much as they used to

and unfortunately the only way that they

succeed is by keeping you on the hook

you're the fish on their hook and they

need to keep you there now the other

problem with social media unfortunately

it can be a blessing in so many ways but

it obviously has its pitfalls you know

when we see somebody really succeeding

doing better than us maybe we think to

ourselves like well what am I doing

wrong then like why can't I be having

those results you know and that will

make you want to investigate what

they're doing and then maybe do what

they're doing right but the main problem

is you're not sticking to anything long

enough to actually see real results so

my best advice for you if you're in this

situation just remember every strategy

works the strategy is not the problem

the problem is the time that you're

putting into it it's not consistent

enough you need to stick with it so

given the fact that all trading

strategies work what you need to do your

job is to find one that resonates with

you I personally don't like support and

resistance or trend lines or patterns or

ICT Concepts I wait for a break of

structure a retracement and then I enter

price based on a specific Fibonacci

level that's it that's my entire

strategy right there that feels good to

me it makes sense to me it's simple it's

repeatable it's mechanical doesn't

require too much thought or emotion and

I can do it over and over again so once

you find something that resonates with

you don't get so easily distracted by

social media results don't get

distracted by a nice watch or a fancy

car if you want to be successful you

need to create success for yourself you

need to do it on your own you have all

the resources at your fingertips we live

in the best time in human history for

information and earning money in

alternative ways that were unheard of a

couple decades ago take advantage of it

but don't get distracted you have to be

disciplined you have to stay on track

the last topic that I'd like to discuss

today could be the most important and I

think it's going to hit home for a lot

of you and I'm actually going to get

pretty vulnerable myself here because

this issue that I'm about to discuss is

something that I've been dealing with

quite a bit throughout my trading

Journey as well so this is kind of a

three-part topic actually greed fear and

losing streaks these are so detrimental

to most Traders so really listen

carefully here and hopefully you can

gain some value from this so the main

thing that I struggle with in my

personal trading is actually greed I

don't really like using that word but at

the end of the day that is what it is

you know I guess it's subconscious

because I don't think think of it as

just like trying to hoard money and just

get as much as possible that's not how I

go about my trading one of my issues is

that and I I guess I should be pretty

grateful for this but I've been quite

desensitized to money there are certain

dollar amounts that just have no

significance to me anymore and so

sometimes when I'm when I'm in a trade

for example and it's up multiple four

figures in profit it doesn't feel

significant enough to me until it hits

that five fig Mark and that is so

unhealthy I'm well aware of that I

recognize that it's not good but when

you reach certain levels it's kind of

hard to accept any less than that when

in reality it's okay to just stack up

small wins instead of trying to hit home

runs you know so I need to be patient

and build up my Capital more over time

because you can't hit those home runs

consistently what does happen all the

time though pretty much every single day

in the market is opportunity for small

base hits instead of home runs it takes

a lot of discipline to to stick with

those and not try and aim higher and all

it takes is one time where you close a

trade early or maybe your your take

profit was too modest and then you see

price go well beyond where you were

targeting and you think to yourself man

I could have made so much profit there

that's insane all it takes is one of

those instances and that can screw up

your your psychology moving forward you

know but it's a work in progress you

know I've been doing this for over 6

years now and I still struggle with

things like that from time to time

nobody's perfect and the thing about

trading which is kind of a blessing

actually is that it's a constant

progression you can never bef perfect at

it it's just a constant personal

development and it makes you work on the

bad things about your personality

actually so it can be beneficial for

your trading results as well as your own

personal life the next thing would be

fear a good example of fear in trading

would be when you're in a profitable

trade it hasn't got to your target yet

but you close it early you're so scared

of holding that trade and watching your

profits disappear that you just want to

secure those profits as soon as possible

now securing profits doesn't necessarily

sound like a bad thing but in reality

you're skewing your numbers if you keep

closing trades too early it would be

beneficial to close losing trades early

but then let winning trades go to

completion if you're consistently

closing profitable trades early then

your winners are likely going to be much

smaller than your losers which then

offsets your overall profitability and

will likely put you in the negative

another example of fear in trading could

be managing your stop- loss too

aggressively like trailing it into

profit or break even too quickly let's

say you get a few points into profit and

then you just immediately move your stop

loss to break even then you're going to

be constantly taking break even trades

and not making any money you're you're

literally just sabotaging yourself a lot

of Traders struggle with this

unfortunately and it sucks to see but

the truth is scared money doesn't make

money the name of the game is risk we

need to manage risk professionally but

at the end of the day we're putting our

money up for risk in order to make more

money that's what trading is if you were

comfortable entering that trade to begin

with then you should be comfortable

letting it go to completion whether it's

a loss or whether it's a win just let

let it happen you entered that trade in

the first place don't go back on what

you analyzed trust yourself trust your

analysis and just continue trading your

plan last but not least losing streaks

this is what messes up so many people

and I get it it's tough to deal with you

know winning streaks are easy winning

streaks are great when you're winning

you feel like you're on top of the world

right but if you experience a few losses

in a row that can mess up so much hard

work that you put in prior to that you

need to be tough as nails when it comes

to losing streak you need to be stoic

and basically emotionless I know that's

kind of impossible because we're all

human right we all go through emotions

especially when we're seeing our Capital

go down or taking a hit to our egos

because we didn't we're not as good as

we thought we were maybe but one thing I

like to remind myself of is that this is

all just digital stuff like it doesn't

really affect me in my real life you

know I could lose all my money I could

be the worst Trader in the world and I'm

still me I still have my life I still

have my family my friends trading

doesn't Define who I I am additionally

I've been Trading long enough and

trading a specific strategy long enough

that I know wholeheartedly a losing

streak doesn't last long having

experience with your strategy and having

data to back that up can certainly

mitigate not eliminate but mitigate a

lot of the emotions that you can go

through during a losing streak and it

can help you last until that losing

streak is over and you start winning

trades again well everybody we've made

it to the end of the video I really hope

I provided some value for you all today

hopefully something I said you take with

you and I really hope that it can change

your trading career in fact I know that

it can if you apply it I appreciate each

and every one of you if you haven't

already please subscribe to the channel

and if you found value in this or have a

question for me I'll try my best to get

back to you if you leave a comment down

below thank you all and I'll talk to you

all soon