@@aliaksandrhuminski8704I get your point….This is business, it is part of taking accountability, if there was no credit card info, then most likely one would quite on themselves. Most all subscriptions are this was, Adobe, Apple, etc…
I implemented a rule you mentioned a few months back "everytime I take a loss I must do 100 pushups". Long story short, im competing in mr. Olympia this year
@OnceSomeFunATime Take a break until your emotions are under control. The key is to just avoid trading while being frustrated or something. After the break review what went wrong. Journal and analyze what you did wrong and check if you followed your trading plan. If you're still feeling emotional or tempted to chase losses, it may be better to stop trading for the day and start fresh the next day
Trading is all about being comfortable with being uncomfortable and accepting randomness. Not just "knowing" the market is random, but accepting it. Achieving these two things alone will not only change your trading, it will change how you look at life.
Because we think that the trade we're in must make up for the previous losses or we think the market is going to make this big move today. I came to a point where I don't think I'm going to be rich. I just want to be profitable in the long term. I don't monitor my real profits or losses. I have an excel that makes a calculation and gives me a figure. If that figure goes to a certain point in the negative, I quit for the day. But that figure is not my real profit or loss. It is just an indicator. I never watch my account during trading.
Frankly it took me 9 years and just started being consistently profitable. My trading was all an emotional roller coaster all this while. I always used to think there had to be a way to trade without losses and was only looking to find that specific way. Finally realised that losses are part and parcel of the game, not taking every single trade seriously but calculate the profits after a series of 100 trades. Manage the lot size such that you can afford to take 50 consecutive losses and still continue trading the same method until your edge plays out and giving you money overall and above all, trading is a statistical process and not a personal gain or loss
But then, what do you define as "profitable"? I think that's key, because if we lose for years, then how much and for how long we have to win to decide something has really changed? Because in a totally random process, i can be profitable for 6 months or so, after losing for years, and that wouldnt prove anything
As a profitable trader I can tell you that all the scenarios you mentioned I have done wrong. Your psychological insight and example of the hunt is superb.
You say it like it's easy forgetting that not everyone is as lucky as you are. I've traded for months now without any progress. How are you able to do it?
It's totally far from luck. My IA, Herman Jonas has consistently outperformed the market ever since I got on his program. He has continued to put my money to good use in the market with $25k making me an optimal return of over $101k
Do not forget that when it comes to trading, prices can be erratic, rising and declining quickly, often in relation to companies' policies, which individual traders or “experts” do not influence.
I used to think every investor lose out during recession, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately I'm a complete noob. 3
Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Julia Hope Marble the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
This is my problem aswell. The worst part is I know I'm a good trader as I have passed multiple prop firm evaluation challenges using my system, but I just can't get a hold of my emotions, revenge trading is the bane of my existence. I'm aware of the problem, but I still do it, it's sickening.
Watching this video with tears streaming down my eyes because most of what you said about associating trading with pain, is where I'm at. Loss after loss, blown account after blown account. After four years of gruelling work, and being broke. Its hard mhen, its really difficult. Thank you for the video btw. ❤
Mark Douglas books, trading in the Zone or disciplined trader...has everything hes talking about... mark changed my skills mindset... I'm profitable now passing prop firms... believe me I'm trying to help you. Read Mark Douglas
One of the best videos on psychological aspects of trading. I’ve been trading for years and losing money consistently. I’ve watched this video about 26 times so far. It’s in my playlist, I’ll keep listening it until I become consistent.
I've been listening to this over and over,ut feels like you're talking to me directly. Thank you and I promise i will listen to you no matter how difficult or uncomfortable it get.
The fact you rarely take 3 trades a day is why your a profitable trader here on RUclips giving us tips. I agree with this, thank you for reinforcing my beliefs!
Thanks for this video Z. I got serious about trading 3 months ago. Some loses, some gains but end result has been mostly flat line. Then it hit me that I have solve other problems in my head before becoming consistently profitable trader. As cheese as it sounds this trading thing made me rethink my life as a whole.
I remember you saying few year ago, when the market about to go crash buy blue chip stocks and avoid others. I didn't listen to you and lost bunch of money but since then I learned and followed what you said and gained mostly back! Thanks !
I definitely feel this. Lost my shirt in 2021 & 2022. Clawed back with blue chips. You learn very quickly who really knows what is going on with stocks on RUclips.
They’re probably a believer, like myself. However, some of the very things we tend to profess are just as hilarious to those who think otherwise. In the end, we’re all trying to make sense of this human experience. I try to stay mindful of this little caveat at all times. Right or wrong, we all have personal convictions or preferences that usually were influenced by the society or cultural norms that were on repeat during the tender years of life. So continue to do what you are doing. Those of us who are in the cheap seats will do what we do, like laugh, criticize, and oppose anything considered as helpful. It’s just so much easier to tear things down than to build or repair. Anyways, that’s my 2cents and thanks for the info.
This honestly is probably the best video I’ve watched that you produced. I enjoy all your analysis and market breakdowns. How you teach the markets… but this was eye opening and communication in a simplified manner how to so a complex problem all traders have. Thank you! 🔥
Dude, I just saw this video and literally have never seen any of your videos before and I gotta say, this guy is the real deal bro.. You are a very knowledgeable and well-spoken man, your creating a revolution brother. Nice channel and video!
I love this. I'm finally finding profitability. The biggest gamechanger is limiting cascading loss/tilt days. Without those, I am profitable. By having a daily # of trades limit, I can shut the door on big down days. At worst, I take my expected maximum # of losses, and live to trade another day.
Best video on trading failures I’ve seen on RUclips! It’s rare to find such honest insights about the mental game and discipline needed in trading. Your journey and strategies are truly inspiring. Wishing you success and looking forward to more content like this!
I've be3n trading for 2.5 years and this is my first time seeing one of your vids, and wow it couldn't have come at a better time. You really nailed it on those topic, I'm excited to follow for more, thank you!
Thank you for this video, it came at the right time for me, I really needed to hear it. The raw and open format is so much more honest and genuine than most of the RUclips trader videos out there
I m getting better every day. I have a rule that if i close red i can only eat next day. It has helped me cut my trades by half or more. The only problem has been that i get a good trade and get out and most of the time i cut my win short cause its green and i dont want it to turn red. I m working on it. Focus in becoming profitable soon.
On your hunting analogy, for some, it's like going out to find food for your family and coming back empty handed. That's why the mentality of losing on this is so hard because for most of us our hopes and dreams for us and our loved ones are tied to it.
wow!!!!!! Thank you Z. Feel you were directly talking to me about this!! Almost every point you made, I definiety can relate completely and keep making the same mistakes. Thank you for your amazing advice, knowledge, and wisdom.
You got some gems brother really appreciate the logic you've made me take a step back reflect on the process start again sticking to the process rather than the outcome. Cheers.
The best i have ever traded was a system where i would execute. Double check i met entry contidions, set tp and sl and switch off terminal until market closes. My stirke was 75% over 2r. I am going back to it as of today.
Al Brooks talks about traders equating a loss with death (i.e. the death of their dream to be a successful trader) but you have articulated it a lot better with the survival link. Great video. Thanks.
Right on time as I elevate the more I need to check my mindset everything you said hit me right the guy 10 years going strong my consistency is right here I’m on the edge
Most traders are not profitable because they don't fully grasp the nature of the game that they are playing. Therefore they can not re-design their mind to make it suitable for trading. Explain this to me : How is it possible that most traders are profitable trading paper accounts but as soon as they switch to real account they crumble ? If anyone is profitable paper trading that tells me that it is NOT the strategy problem because whatever the strategy they use seems to be working on paper trading. The answer is as soon as real money is involved there are a wide range of emotions that come to the surface . Therefore , as a trader, it is your duty to develop a mind that controls these emotions and the best way to start is to first understand that trading is a form of gambling so you need to develop a mind that thinks in probabilities .. As long as you keep thinking the secret answer lies somewhere in the charts or in the candle pattern or in the moving average line you are wasting your time and energy on the wrong thing ..
Man you have describe what I'm doing every single day since I started . I've no experience just learning from others but this information is priceless. I was thinking about to quit. I'm retired from my job ( chem engineer, 57 y.o). But I took your advices znd try again. When I decided to take a walk it was because I just lost all the money in my account. Thanks for your video I really appreciated it. Exitos y Bendiciones 🙏🏽
Hands down one of the best videos I’ve seen on this topic. You’ve summed up all my trading mistakes in this video I really think this will help me become profitable. Discipline is hard but discipline is key 🔑 . I think just getting away from the computer or phone for the day after a loss is the best idea.
You are so right!! yesterday after finally being profitable for 10 months, I lost a trade and than began to revenge trade and lost my whole account.... I felt so angry and sad... Now I have to start all over again... It is emotional trading.
@cryptofoodie76 Wtf man. 10 months of consistence, and lost everything. Thats sad. I have experienced this but not after so much time thriving. Keep strong. Dont give up. And dont keep all the money in balance. Keep just what you need for 1 day of trading
Do you have to pay tax though, when you take the money out? It’s ashame i can’t have a main account and a savings account which isn’t linked to your trading.
I really appreciate your video! This was exactly what I needed to hear! Thank you for the tips. I’ll definitely incorporate this into my trading journey.
You definitely was speaking into my soul! I’ve been trading going on 2 years and everything you talked about I do , I’m definitely going to keep this video on repeat, this video was extremely helpful and reassured things that I’vealready told myself but hearing it from you, it’s clicking thank you 🙏🏽
What a wonderful video about in DEPTH TRADING 📊 PSYCHOLOGY 🤔. I know every Trader 📉go through this psychology Challenge . Thanks for sharing your years of Efforts💪 in few minutes. It's very Helpful. Thank you Again for this Great 👍 knowledge. Keep going on ......
I have done years of practice on backtesting and this made me so good finding at perfect setups that I merely lose a trade in backtesting, but when it comes to the real markets, I go blank sometimes with all these emotions on what to do when I lose. I feel humiliated and in pain for hours even if I don't do revenge trading and stop for the day. Thankyou for shedding light on the psychological aspect. I already feel that it will help me improve. I will surely jot down a contract to be signed daily by me
Thank you so much for your greatly appreciated talk ! It hit the spot I'm a new trader and I'm trying my best to learn as much as I can everyday . Glad I came across this video.
Loss aversion was the most painful truth I had to confront. You’re right it built over time and I allowed it by not correctly acknowledging that. Now I still trade my Triple AAA Setups I have a lot of drawdown built helping me take losses and I’m able to accept my losses as long as I still am in the game rather blowing the account and cannot fix any issue then. I enter my trades. I have stops and target. I aim for 1:1 but few times. I end up averaging $2200/ prop firm account. 👍
I know my strategy is good, my trade work 70% of the time. I just can't seem to cut my losses(30% of the time) and it's affecting my strategy. It's insane how I freeze when the trade doesn't go my way. I feel like giving up but I know I want to do this longterm.
Change the framing. Focus on not losing money and loss mitigation, not making money. We make money when a take a techinically based loss. Lets suppose the best stop is 10 ticks. If you get stopped you made money because the expected value was positive when you open the position. Any tick beyond the original stop is a loss, but not the orignal one
I can definitely relate to this, thanks for posting. Trading for me has become a game of fear, which I need to conquer. I seem unable to execute my plan, however simple, despite trying over and over. Even thinking of trading can initiate a racing pulse. Overcoming the emotional battle is a real focus for me now. Good to understand it's probably a struggle that many other traders experience. I got funded after a few months of trying, but couldn't keep the account. Taking the constant hits over and over also plays into the fear factor and the expectation of failing.
This perfectly applies to my trading journey of last 4+ years. Appreciate bringing up this great video. I used to take as high as 10trades per day and was making the broking company rich and I lost in all format of intraday trading(options, equity, future). What I repent most is the time any money I wasted in OPTION buying for 3years which was always giving me Loss.
Im only halfway way. Eirst time I come across this channel and its if u made this just for me. Thank u. So real and honest. This is the kind of channel I can support
Trade live with me 7 days for FREE: thetravelingtraderacademy.com/ttrades-free-trial-sales-page1725092032645
@@aliaksandrhuminski8704I get your point….This is business, it is part of taking accountability, if there was no credit card info, then most likely one would quite on themselves. Most all subscriptions are this was, Adobe, Apple, etc…
I implemented a rule you mentioned a few months back "everytime I take a loss I must do 100 pushups". Long story short, im competing in mr. Olympia this year
Haha
Hahah
lol 😂
😂
😂this thread is making my day
"The most dangerous trade to take is the one right after a loss"...I needed to hear this!!!
This hit me
real
how long of a break should I take after a loss
@OnceSomeFunATime Take a break until your emotions are under control. The key is to just avoid trading while being frustrated or something. After the break review what went wrong. Journal and analyze what you did wrong and check if you followed your trading plan. If you're still feeling emotional or tempted to chase losses, it may be better to stop trading for the day and start fresh the next day
Me too. I needed to hear it AGAIN, plus I need to listen to this video every day before I start trading.
I'm eight minutes in, and this is already the best trading psychology video I've seen
🙏🏽🙏🏽🙏🏽
100% relate to almost all of this
If you wanna go deeper read randy howell’s book and do his psychology course , game changer
True!
Trading is all about being comfortable with being uncomfortable and accepting randomness. Not just "knowing" the market is random, but accepting it. Achieving these two things alone will not only change your trading, it will change how you look at life.
the reason why we blow up our account is because we risk too much in the hopes that the trade will make us one bit closer to being rich
LMAO
Mmmhmm. I feel attacked lol😂. Just stick with it!!!
Because we think that the trade we're in must make up for the previous losses or we think the market is going to make this big move today. I came to a point where I don't think I'm going to be rich. I just want to be profitable in the long term. I don't monitor my real profits or losses. I have an excel that makes a calculation and gives me a figure. If that figure goes to a certain point in the negative, I quit for the day. But that figure is not my real profit or loss. It is just an indicator. I never watch my account during trading.
@@philipdupont2308yes brother I’m the same people get so caught up on the daily and weekly results , better to focus on monthly / quarterly even
thousands of languages across the world, and you decided to speak the truth
Huge Advice given in this video, hope new traders see this
🙏🏽🙏🏽🙏🏽
This Is the best statement on this thread
"I want my money right now" - this thing you hear after a loss - again you face loss - again you face loss - account dead.
I think the biggest issue with trading is people think you can learn quick. Took me 8 years to become profitable. You have to have the chart time.
what did you do different?
Frankly it took me 9 years and just started being consistently profitable. My trading was all an emotional roller coaster all this while. I always used to think there had to be a way to trade without losses and was only looking to find that specific way. Finally realised that losses are part and parcel of the game, not taking every single trade seriously but calculate the profits after a series of 100 trades. Manage the lot size such that you can afford to take 50 consecutive losses and still continue trading the same method until your edge plays out and giving you money overall and above all, trading is a statistical process and not a personal gain or loss
@lethalvin wonderful piece of advice . Thanks alot
But then, what do you define as "profitable"? I think that's key, because if we lose for years, then how much and for how long we have to win to decide something has really changed? Because in a totally random process, i can be profitable for 6 months or so, after losing for years, and that wouldnt prove anything
It took me 8 years to understand the market behavior.
As a profitable trader I can tell you that all the scenarios you mentioned I have done wrong. Your psychological insight and example of the hunt is superb.
I’ve learned that it’s possible to make good returns only if you know your way around trading. It has been rather lucrative ever since I got into it.
You say it like it's easy forgetting that not everyone is as lucky as you are. I've traded for months now without any progress. How are you able to do it?
It's totally far from luck. My IA, Herman Jonas has consistently outperformed the market ever since I got on his program. He has continued to put my money to good use in the market with $25k making me an optimal return of over $101k
Do not forget that when it comes to trading, prices can be erratic, rising and declining quickly, often in relation to companies' policies, which individual traders or “experts” do not influence.
Is there a way to learn more about this IA’s services or connect with him? I need help.
Hermanw jonas that’s his gmail okay
I used to think every investor lose out during recession, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately I'm a complete noob.
3
Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Fantastic! Can you share more details?
Julia Hope Marble the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I’ve probably lost 80 to 90% of my revenge trades. Psychology has been my greatest challenge in my trading so far.
This is my problem aswell. The worst part is I know I'm a good trader as I have passed multiple prop firm evaluation challenges using my system, but I just can't get a hold of my emotions, revenge trading is the bane of my existence. I'm aware of the problem, but I still do it, it's sickening.
Watching this video with tears streaming down my eyes because most of what you said about associating trading with pain, is where I'm at. Loss after loss, blown account after blown account. After four years of gruelling work, and being broke. Its hard mhen, its really difficult.
Thank you for the video btw. ❤
Mark Douglas books, trading in the Zone or disciplined trader...has everything hes talking about... mark changed my skills mindset... I'm profitable now passing prop firms... believe me I'm trying to help you. Read Mark Douglas
This was Z at his best, 20-years of struggle and experience in 25-minutes🏅
One of the best videos on psychological aspects of trading. I’ve been trading for years and losing money consistently.
I’ve watched this video about 26 times so far. It’s in my playlist, I’ll keep listening it until I become consistent.
I've been listening to this over and over,ut feels like you're talking to me directly. Thank you and I promise i will listen to you no matter how difficult or uncomfortable it get.
If you wanna go deeper read randy howell’s book and do his psychology course , game changer
Needed to hear this today, playing in the background while i'm on my shift made me realize things about my trading journey
Z: Every time you take a loss, go make your kids breakfast.
My kids: Dad, why are you making us breakfast for the 12th time today?
LOL
🤣😂
😂😂😂
😂😂😂
easily the most underrated aspect of trading and instead of just talking about it you also gave advice. brilliant and thanks man
That survival instinct explanation is point on.
Thank you for this concept, after taking losses I quickly jump in to RUclips and start watching videos like this I won't remember my losses anymore
The fact you rarely take 3 trades a day is why your a profitable trader here on RUclips giving us tips. I agree with this, thank you for reinforcing my beliefs!
I appreciate that!
Thanks for this video Z. I got serious about trading 3 months ago. Some loses, some gains but end result has been mostly flat line. Then it hit me that I have solve other problems in my head before becoming consistently profitable trader. As cheese as it sounds this trading thing made me rethink my life as a whole.
First ever honest advice from a trader on youtube, everything you spoke matches 100% what i used to did wrong... Thanks!
🙏🏽💪🏽🙏🏽💪🏽
I remember you saying few year ago, when the market about to go crash buy blue chip stocks and avoid others. I didn't listen to you and lost bunch of money but since then I learned and followed what you said and gained mostly back! Thanks !
I definitely feel this. Lost my shirt in 2021 & 2022.
Clawed back with blue chips.
You learn very quickly who really knows what is going on with stocks on RUclips.
@@bigcheerio6346🙏🏽
Millions of years. Hilarious
@@mindin2941 why is that funny?
They’re probably a believer, like myself. However, some of the very things we tend to profess are just as hilarious to those who think otherwise.
In the end, we’re all trying to make sense of this human experience. I try to stay mindful of this little caveat at all times. Right or wrong, we all have personal convictions or preferences that usually were influenced by the society or cultural norms that were on repeat during the tender years of life.
So continue to do what you are doing. Those of us who are in the cheap seats will do what we do, like laugh, criticize, and oppose anything considered as helpful. It’s just so much easier to tear things down than to build or repair.
Anyways, that’s my 2cents and thanks for the info.
This honestly is probably the best video I’ve watched that you produced. I enjoy all your analysis and market breakdowns. How you teach the markets… but this was eye opening and communication in a simplified manner how to so a complex problem all traders have. Thank you! 🔥
I appreciate that!
After trading for 14 years and only 6 min into this video.. Clearly the realest truth I have seen on why I and people getting into trading!
Appreciate the fact that you are taking time to help other traders. Disciplined Trader in 27mins. Easy to understand and follow. Thanks mate.
My pleasure!
Dude, I just saw this video and literally have never seen any of your videos before and I gotta say, this guy is the real deal bro.. You are a very knowledgeable and well-spoken man, your creating a revolution brother. Nice channel and video!
Sure is nice of you to take the time to help us with this, knowing you don't need to. If you ever have kids you will be a hell of a dad.
I love this. I'm finally finding profitability. The biggest gamechanger is limiting cascading loss/tilt days. Without those, I am profitable. By having a daily # of trades limit, I can shut the door on big down days. At worst, I take my expected maximum # of losses, and live to trade another day.
Thank you! How long (years) did it take you to become profitable?
@@deepthiman12 years. After significant losses and pain.
I always have a thing is that when I loss I will do something that I like something that is fun for me. Or even watch movie hang out with friend.
Best video on trading failures I’ve seen on RUclips! It’s rare to find such honest insights about the mental game and discipline needed in trading. Your journey and strategies are truly inspiring. Wishing you success and looking forward to more content like this!
I've be3n trading for 2.5 years and this is my first time seeing one of your vids, and wow it couldn't have come at a better time. You really nailed it on those topic, I'm excited to follow for more, thank you!
Welcome aboard!
Thank you for this video, it came at the right time for me, I really needed to hear it. The raw and open format is so much more honest and genuine than most of the RUclips trader videos out there
I m getting better every day. I have a rule that if i close red i can only eat next day. It has helped me cut my trades by half or more.
The only problem has been that i get a good trade and get out and most of the time i cut my win short cause its green and i dont want it to turn red.
I m working on it. Focus in becoming profitable soon.
My current situation. Thanks. And… when associating trading with pain.. our subconscious will quickly find a way to get us out of that situation.
My new trading psychiatrist, Z! Thank you
On your hunting analogy, for some, it's like going out to find food for your family and coming back empty handed. That's why the mentality of losing on this is so hard because for most of us our hopes and dreams for us and our loved ones are tied to it.
Clicking is lossing.....
The hunter and animals analogy is just on point....thank you Sir.....
This video is life changing, hits me through the heart. Thanks man
This is one of the best trading psychology videos I've listened too
Gonna be honest Z.. this is by far the best video you’ve ever posted. Really appreciate the in depth real talk on psychology. Not many people do
you're very welcome
This is one of the best videos I have ever watched
🙏🏽🙏🏽🙏🏽
Z laying it down for the greater good.
Damn u dropped this video right on time for me. Good looking out Z, always the voice of reason 💯
When someone tells you something you already know , but you just don't know that you know
Thanks Z. While this video may not be flashy, I think it might be your best video yet. Explains trading in a perfect nutshell. Thanks Again.
One of the best trading psychology videos found so far. It's not just about why you do it, but also about techniques to reduce it. Great...❤❤❤
wow!!!!!! Thank you Z. Feel you were directly talking to me about this!! Almost every point you made, I definiety can relate completely and keep making the same mistakes. Thank you for your amazing advice, knowledge, and wisdom.
Glad it was helpful!
I have seen a million trading psychology videos. This is beyond the best
🙏🏽
Most brilliant articulation I've ever heard.
Almost all new and old traders relate to this, thank you.rewiring our brain is very important
My pleasure!
Thankyou - this shows that you truly care. That sounds stupid, but so many financial RUclipsrs are just in it for the money.
🙏
😂
one of the best video on trading psychology
Thanks a million for this. Working to form habits to kill my impulsivity
Many things I related to this video, already hit massive losses and skip good profit and I am new into trading, this is so helpful !!!!
This guy is legit he's def one of the honest traders on you tube.
appreciate that fam
Thank You, was doing shadow work as I listen to something I really needed to hear.
You are so welcome
You got some gems brother really appreciate the logic you've made me take a step back reflect on the process start again sticking to the process rather than the outcome. Cheers.
The best i have ever traded was a system where i would execute. Double check i met entry contidions, set tp and sl and switch off terminal until market closes. My stirke was 75% over 2r. I am going back to it as of today.
Al Brooks talks about traders equating a loss with death (i.e. the death of their dream to be a successful trader) but you have articulated it a lot better with the survival link. Great video. Thanks.
🙏🏽
This is GOLD!
Instead of making copies of the contract, write it out everyday and say it to yourself before you sign. 😊
After each loss I need to listen to this vid again 😅
That analogy on revenge trading 👌 😂
It all makes a lot of sense 🔥 will work hard on all of this to become better everyday, I appreciate !
This video was everything I needed to hear 🙌 thank you !!
You're so welcome!
Undoubtedly the best trading psychology video i have ever seen. 🙏🙏🎈🎈🌹🌹
Wow, thank you!
Wow I’m glad I stumbled onto this in my 20s..🎉❤
Very informative and eye opening,thanks a lot for sharing your experience & methods to develop a strong mindset
This most sendible thing over internet on trading
Right on time as I elevate the more I need to check my mindset everything you said hit me right the guy 10 years going strong my consistency is right here I’m on the edge
Most traders are not profitable because they don't fully grasp the nature of the game that they are playing. Therefore they can not re-design their mind to make it suitable for trading. Explain this to me : How is it possible that most traders are profitable trading paper accounts but as soon as they switch to real account they crumble ? If anyone is profitable paper trading that tells me that it is NOT the strategy problem because whatever the strategy they use seems to be working on paper trading. The answer is as soon as real money is involved there are a wide range of emotions that come to the surface . Therefore , as a trader, it is your duty to develop a mind that controls these emotions and the best way to start is to first understand that trading is a form of gambling so you need to develop a mind that thinks in probabilities .. As long as you keep thinking the secret answer lies somewhere in the charts or in the candle pattern or in the moving average line you are wasting your time and energy on the wrong thing ..
This is really good... Thank you
Man you have describe what I'm doing every single day since I started . I've no experience just learning from others but this information is priceless. I was thinking about to quit. I'm retired from my job ( chem engineer, 57 y.o). But I took your advices znd try again. When I decided to take a walk it was because I just lost all the money in my account. Thanks for your video I really appreciated it. Exitos y Bendiciones 🙏🏽
its work!! now my kids is obese..5 breakfast daily...not including lunch 7 times...dinner 17 times and supper 32 times..
Compounding 🤣
Hands down one of the best videos I’ve seen on this topic. You’ve summed up all my trading mistakes in this video I really think this will help me become profitable. Discipline is hard but discipline is key 🔑 . I think just getting away from the computer or phone for the day after a loss is the best idea.
I don't even follow you but algo recommend you and boy i so much needed to hear all that you said
Glad to hear that buddy
You are so right!! yesterday after finally being profitable for 10 months, I lost a trade and than began to revenge trade and lost my whole account.... I felt so angry and sad... Now I have to start all over again... It is emotional trading.
@cryptofoodie76
Wtf man.
10 months of consistence, and lost everything. Thats sad. I have experienced this but not after so much time thriving. Keep strong.
Dont give up.
And dont keep all the money in balance. Keep just what you need for 1 day of trading
Do you have to pay tax though, when you take the money out? It’s ashame i can’t have a main account and a savings account which isn’t linked to your trading.
I really appreciate your video! This was exactly what I needed to hear! Thank you for the tips. I’ll definitely incorporate this into my trading journey.
💪
Accepting loss even in real life is a great Skil😊
You need to put this on Spotify podcast
🙏🏽
You definitely was speaking into my soul! I’ve been trading going on 2 years and everything you talked about I do , I’m definitely going to keep this video on repeat, this video was extremely helpful and reassured things that I’vealready told myself but hearing it from you, it’s clicking thank you 🙏🏽
You got this!
What a wonderful video about in DEPTH TRADING 📊 PSYCHOLOGY 🤔.
I know every Trader 📉go through this psychology Challenge .
Thanks for sharing your years of Efforts💪 in few minutes.
It's very Helpful.
Thank you Again for this Great 👍 knowledge.
Keep going on ......
Keep it up
@@TheTravelingTrader
Thanks
can I connect to you for improv my Trading 📊 ?
I have done years of practice on backtesting and this made me so good finding at perfect setups that I merely lose a trade in backtesting, but when it comes to the real markets, I go blank sometimes with all these emotions on what to do when I lose. I feel humiliated and in pain for hours even if I don't do revenge trading and stop for the day. Thankyou for shedding light on the psychological aspect. I already feel that it will help me improve. I will surely jot down a contract to be signed daily by me
Z you are the best ... keep these great vids comin.
Thanks, will do!
Thank you so much for your greatly appreciated talk !
It hit the spot
I'm a new trader and I'm trying my best to learn as much as I can everyday .
Glad I came across this video.
My pleasure!
Love this, I’ve listen to Trading in the zone audio book like ten times. Mental Analysis and trading psychology is just as important.
Mark Douglas changed my trading. Read everything he wrote. Turned me into a profitable trader.
Will play this video for every session at NY open. Thank you for this reinforcement.
Honestly worth full content ❤from india😊
Loss aversion was the most painful truth I had to confront. You’re right it built over time and I allowed it by not correctly acknowledging that.
Now I still trade my Triple AAA Setups
I have a lot of drawdown built helping me take losses and I’m able to accept my losses as long as I still am in the game rather blowing the account and cannot fix any issue then.
I enter my trades.
I have stops and target.
I aim for 1:1 but few times.
I end up averaging $2200/ prop firm account. 👍
I know my strategy is good, my trade work 70% of the time. I just can't seem to cut my losses(30% of the time) and it's affecting my strategy. It's insane how I freeze when the trade doesn't go my way. I feel like giving up but I know I want to do this longterm.
Change the framing.
Focus on not losing money and loss mitigation, not making money.
We make money when a take a techinically based loss.
Lets suppose the best stop is 10 ticks. If you get stopped you made money because the expected value was positive when you open the position. Any tick beyond the original stop is a loss, but not the orignal one
Practice meditaion. That helps a lot.
Same bro
Share with us!!!!
Thank you for your supporting my journey. Great info
A much needed video
I can definitely relate to this, thanks for posting. Trading for me has become a game of fear, which I need to conquer. I seem unable to execute my plan, however simple, despite trying over and over. Even thinking of trading can initiate a racing pulse. Overcoming the emotional battle is a real focus for me now. Good to understand it's probably a struggle that many other traders experience. I got funded after a few months of trying, but couldn't keep the account. Taking the constant hits over and over also plays into the fear factor and the expectation of failing.
Personally, I don't mind when my stop-loss gets triggered because I always think it may have just saved my ass.
Does that make me weird?
@@citpeks2000 makes you naturally ahead already
Nope. That's a good perspective to have. This trade didn't work out, that's okay, on to the next opportunity.
This perfectly applies to my trading journey of last 4+ years. Appreciate bringing up this great video. I used to take as high as 10trades per day and was making the broking company rich and I lost in all format of intraday trading(options, equity, future). What I repent most is the time any money I wasted in OPTION buying for 3years which was always giving me Loss.
Kids gonna have 10 different breakfasts every morning 😆😭😭
Im only halfway way. Eirst time I come across this channel and its if u made this just for me. Thank u. So real and honest. This is the kind of channel I can support
appreciate that fam! welcome to the channel!
My kids are starving, I haven't taken a loss 😭😭 😂 thank you for this amazing video! I won't be surprised when it hits 1 million views
You are so welcome! 😂