I searched "forex discipline" in YT and this was the top result! This was my first intro to this channel and now I'm hooked. You even talk about Jocko!!!
One of the worst habits I see my students practice (I teach at a local college) during quizzes and exams is second guessing themselves...they change answers based on their feelings of self-doubt. I tell them to go with their initial answer, do not change it unless they have a compelling and logical reason to do so. Changing something (test answer, trading strategy) based on self-doubt is a bad strategy and is especially so if the change you make ends in a good result. Bad strategies can produce good results from time to time. Good strategies can produce bad results from time to time. Which would you choose?
You are a cetified legend my guy. Not for the videos, not for the podcast...because CALVIN GOT A JOB!!! Lmaoooo I almost died because I was eating but that's ok hahaha Bruh, the way you layer your content with gems and sprinkles of your personality to show you're relatable in your blog, your videos, and your podcast to create a level of comfortability and trust amongst the listener to lower the defense of change and make the mind more open to WANT TO do the things that are necessary for success is utter genius brotha. I mean that's some sick sick jedi mind jazz sh*t lmaooo To everyone NOT listening to the podcast AND reading the traders blog you're doing your bottom line a huge disservice. VP has a great trio of useful, thought provoking content. And no I'm not a sponsor or a colleague, never even met the guy but that's my ninja. Keep killing it VP!
My primary goal is to learn more about Money Management and found your videos about it as I have my system in the first place, but here I am, viewing more of your videos and even modifying the faulty ones I have, thank you VP. I am a female trader btw. 🙏🏼
I don’t personally know you but you literally saved my life. I can’t thank you enough. I’m a better trader since I started following you. Forex is very though and I was trading as if it was stocks, which is totally different. Thank you, thank you! Since I got rid of those obsolete indicators such as the RSI, Stochastic, ADX and Fibonacci, I’m a better trader. Thank God I found this page.
Hey VP! I found your podcast from Spotify about a week ago and I have already watched 22 of those (and read 22 blog posts aswell) + 4 of your youtube videos! So addicted to your way of teaching 😄 Here in Finland almost nobody knows about trading. I'm so glad I found your channels, thank you 🙏
Literally taking my time to watch all of your videos step by step on my trading journey as it progresses, and here I am watching this discipline video because I needed to keep myself in order. These videos are worth the hunt.
I gotta admit, when I first started watching your videos I was almost turned off because I perceived the messenger as abrasive, and in typical fashion I was ready to dismiss “the message” itself. I’m sooooooo glad I got off my high horse and continued to watch and rewatch. This is invaluable information.
Thank you, VP, for the mirror you are holding in front of us - the Big Mistakes we surely all do... It is a hard way to get disciplined, because you have to give up bad habits which are so comfortable in our lives. Step by step I am working on it, and because of you telling the truth I really can see a change in my way of trading. There are still some "stepping-back-in -old-and-bad-habits" - this is immediately punished by the market and the bad results. But obeying these rules you share with us I can see the better way. Thank you, VP.
I am so sorry for myself that I did not put enough empasis on your Psychology lessons. I would not have quit. Now I am back. But I will absorb and put in practice everything you say. Because now it makes so much sense to me. You have done very good job of presenting aspects of human psychy in a very vivid and practical way!
I have been trading for 4 years & I found every point in your vedio is absolutely 100% proven, these are the things that are very important after money management ! In short I think if some one do only money management & maintain discipline would be added in the list of successfull traders. Thank you so much !
For 1 year VP. whatching your Videos Again and Again. Dammnn man Love it. It change me a Lot the way i trade. Thank you God Bless you more VP. From Philippines. Watch the Video again and again. absorb the Wisdom.
If you were to make changes to your system every time you hit a losing streak, you would be adjusting your system for the rest of your life. VP this is your quote and I love it!
This video is for me, I have fuc**d my trades in every possible way, all the credit goes to my indiscipline nature and the worst thing is I know how Discipline is important for trading, but each and every time I manage to give a genuine excuse to my self for not following a particular strategy. Thankx a lot for your videos, its a great channel.
Aaaaaah VP... I always come back here.. not just when losing even when winning because those winning streaks can make someone a bit cocky... to remind myself that we are focusing on the long game here... I can’t thank you enough... This playlist and the MM playlists are what changed my life.. forever grateful
Great video. I needed this at this exact moment. I have a really good system that I have been testing for 3 weeks now. For some reason, I started fiddling around with it, because you know, I think I am smarter than the market. Well the results were horrible. I said to myself, what the hell are you doing bro? Your system was working great and you went and screwed it up? Well, I have since went back to my original system and will stick with it because it works. Period. I got caught up in the draw down blues. I have gotten back up, brushed myself off and I am back at it with confidence. I'm going to make it. I'm going to be just fine. Thanks VP.
Thank you for your videos are being listened to you for a while now, I like when your recommend to Trade on a daily chart, at first I couldn't I understand but now I see exactly what you're saying. Now I realize that I need to work on my emotions because it's messing up my Trading, thank you for your videos they are absolutely useful for me..
I paused the video to KNOW I got this one right! Its ALL because of your guidance VP. I'm going for it every day I can. When I don't have the motivation, I look at the life I desire without ANY regrets. I'm not playin" with this thang. I deserve this! Preciate cha VP!
Great Sir. I had created five Algorithms and testing it 3 times a day on Five currency pairs. I am journaling these results on a excel sheet. It's nice. Thank a lot, Sir.
Thank you for taking the time to teach, when you don't have to. You have no idea how much money you have saved me and all I have done is learn and demo...
I am at 14:43 Long game fail for forward testing on a demo account. In less then a month I went from 10,000 to 10,097 then the losing streaks came out of nowhere. My account at present is 10,026. I really needed this video Thank you VP. I haven't changed anything to my strategy.
another awesome one VP. thanks.. this part is the hardest one for me. been trading since 2014. been training the dicipline muscle for years and still itching to move my stoploss even when just checking it on the phone (if against me) or at least tempted to do so.
Absolutely great video. Thank you for working hard for all newbies who are trying to learn life long skills. If anyone says your video doesn't make sense it means he/she hasn't been in the market for long time. You have crushed the trading academy. Cheers
I can only smile while watching this video again and looking at my open trades on regular intervals. These videos are so true to human nature, however thanks for it. Every time I am uncertain, or discourage with a loss or satisfied with a trade, I reflect on the Trade Psychology set of videos and I am on track again.
i always come back to this video, came across it when i was on Demo, last year of High School. now im on live, 8 months in, 60% down and still going so, i resonate a lot with this video and i can see improvement. Keep at it too, its tough, especially at the beginning but the trick is just to keep shooting, eventually you'll learn the technique to shoot more precisely. @No Nonsense Forex
VP, I'm subscribed to you channel about a month, watched a lot of videos and I plan watch all! I will buy your book soon too... thank you a lot for create all this content. I'm from south of Brazil and I follow a few others trades, but I like you put us to think out of the box, diferent of 99% and this idea aligned to your strategies make all sense!! Thank you and if possible, keep doing this great content.
It is very important to have a Trading Plan. This plan not only contains the reasons why you're doing this shit but also how to take entries and exits. So like VP says "Only take trades that satisfy your entry criteria". Full stop. Also VP says "leave trades to play out". Very important. But these items should be in your plan. The times over the last 15 years of trading that I've exited a trade early (to take the money) and moved a stop (to avoid a loss) are numerous. Don't do it. Discipline!!
Hee he he. VP, your Initiative video dropped me to my knees with a bloody nose multiple times, but I was back in your face for this one on Discipline. And you floored me so many times, it feels natural to be staring at the clouds. I doubt I can whistle, cause I may be missing some front teeth. But I keep getting up, dusting off my ass, and asking you if that's all you got. Love it. Just hope I can catch up with my sleep :)
M-VP! It‘s just awesome how much work you put in this channel and the podcast and how you change the game for all your followers. A long time I‘ve been watching those social traders with huge shiny eyes while they post their „clients“ testimonials showing how much money they make day by day. At some point I am still thankful to those guys since they are the most popular and that‘s the way I got interested about forex trading and at the end I found your podcast and also your youtube channel. That‘s the best thing they did for me. Since I watch your videos and listen to your podcast I really got started using MT4 and plugging in all the stuff I learn from you and it just feels like I am really good equipped knowing what to do. Keep up the good work! Looking forward to be part of your „killers“.
this guy just read my mind. I have been searching for something to help with these exact issues. I have been disrupting my strategy with them and screwin up my winners. I searched through ICT(Michael huddleston) youtube looking for a video on it but remembered no-nonsense forex instead and bam! I'm ready for next week fr you need to do a podcast with ICT, you are so much alike in how you teach
I've been looking at all your videos IN ORDER for the past month, when the question came in at the beginning of the video i knew the answer, i'm in the right direction, thanks VP you're the man
Yo VP, Ive been homeless for almost a year now. I figured since i live in a part of the world where there are no bears, bugs, or ice i could slum it out for a few months and pay off my debt. But after 8 months i found myself with MORE debt, still broke but now without a place, and that my only option was to quit my phd program to join the tech industry, a thought that only sounds slightly better than dying broke and alone. But i see now that wouldnt of helped either, bad money management and lack of discipline are my problems to overcome, and watching your videos the past two months i started february with more money than i had starting january, probably for the first time in my life. And that didnt happen through trading, but through evaluating my bad habits, and i have a long way to go. In fact, i havent even started to put together my strategy because ive been building my own forex platform. I use python to grab the price from oanda and javascript to graph my chart. Except i grab a random 200 candles from the past thirty years. I then update the current candle with the 4 hour candle every 5 seconds, meaning a day candle closes every thirty seconds. I hope this willl make up for the lost time i spent coding this thing. Im very excited that today i got the sma in my chart. Sounds like a small feat but ive been struggling for two weeks to find a clean way to get my indicators from python to javascript in a clean way. Seeing the sma on my chart has got me elated, its as simple as writing the indicators now. And combining them and automating the testing so i can characterize them over all pairs over all available times over a wide range of settings and risk strategies with only a click of a button. When i get to real time streaming i can add fake data to see how a signal holds up to noise and im thinking non linear profit/stop losses may provide some unique strategies. Its all at my fingertips now man, and that could be sugnificant if i can only remember that discipline equals freedom! By the time i finish my phd i hope to be trading for a prop firm just like you. Thanks for paying it forward!
I've come back to this video because of the (literally) thousands of videos I've watched and learned from , this is easily the most relevant for me!!...Much appreciated . I will definitely get that book ASAP. 👌👍
Awesome series and great channel, I thank your efforts for sharing such valuable insights. Staying the fuck away while trading is something I should have heard a long time ago, time to execute the system and let the coin flip. The bigger picture is why we are here.
I got it!!( Nothing', takes some real getting used to though) I've been feeeling like..i hate trading lately. 2 years study... hey..that was a waste of time ! hahah anyway, you have my full attention. I'll report back when I have got to grips with a whole new way of understanding the markets. I will do it, I can do it and I will never give up on this. Thanks for doing this VP
I attempted your psychology videos before the money management a few days ago, I changed my mind and went with money management first. I have the concept of money management in my mind while listening you explain discipline. I don't know how to explain it but it seems to me in my mind like I have the battlefield (day chart) and strategy (money management) framed.
I’ve come back to this video because I needed to; not remembering it being said in this video that I would need to come back to this video...so I appreciate this video.
Seriously guys. Read Discipline = Freedom book. I used to be a person who constantly slept in and I was always late. I just couldn't get out of the bed in the morning. And I felt guilty for doing this. After reading Jocko's book, and even I never thought one could change in this way in such a short amount of time, I managed to get up at whatever time and get out of bed in an instant. To a point where I felt bad if I didn't execute. This book is a total game changer. Highly recommend. P.S. I know it doesn't have to do anything with trading. But I had to share this with everybody considering reading this book. And hopefully I convinced you by just randomly sharing this story with everybody! Thanks VP for sharing this man's work with the world, found the book incredibly valuable, and really enjoying his podcast as well, tons of value and great war stories! Happy trading everyone!
15:50 situation happened to me so many times, over and over, at this point I always tried to see what mistakes I had done (lack of discipline most times) and got right back into the game.
Been following for a while now n that’s exactly what I do glad to know I was correct checking the daily chart the next day and not every 1-30 mins trust your system thank you VP💪🏾💯
For swings I have very specific criteria I follow, but for short scalps (10-15 pips) I would say intuition is useful. My approach also rules-based but I'll get out early every time if it starts to look like I screwed up the entry or if I won't get to my exit. I'm okay with not getting a proper exit in this case, as long as I'm in the green at the end of it. Or if it does go against me, I get out with a minimal loss.
While rewatching this last night, I had a good example of where my discipline is.... I trade the Daily but I break the rule of intraday looking (i do other things during the day like backtesting and such), HOWEVER, I watched a trade go to within 1.9 pips of my 1st TP and did NOTHING.... I just watched it recede from the line and went about my day. That trade is now trending back towards my TP. Discipline traders. DISCIPLINE! Even if I (my system) end up losing this trade....my psychology (me) actually WON. Thanks VP!!! GO get it!
@@NoNonsenseForex I've been on this journey on and off since 2010 and have made some of the same mistakes VP has talked about and been through. Third world life as it has been demanded I make a decision; and I made the decision THIS YEAR (2024).... I'm nailing this all down once and for all and going pro. Whenever I do get funded, I'll be back to this very thread to update the community. Thanks again VP for your mentorship.
Trade Update: It is a WIN for DISCIPLINE and PATIENCE. First take profit reached. Stop loss on the second half of the position at break even. Spectator mode engaged. Flyer is going to "Go get it!".
Nice video but here what goes in my mind. 1. Remember about your video scale out. When price hit TP=ATR, we can lock the profit, move the SL to BE. If we only check once a day, chances are we might miss the time to lock profit and price just go the other way. 2. How about first the price is 1 pip short to my TP for breakeven? its tempting to scale out, move SL to BE because chances the price will go the other way and we were so close there to lock profit.
Thank you for this, where im at. Got something that works which means the world, but I can still deviate which is astounding. Must address the issue with all I got
I closed both my position a while ago..manually..bcoz..i reliaze..that ive been deviate from my strategy rite from the start..so..i dont care if the trade was profit or loss..the deviation that would ruined my long time consistency..thanx for remind me this stuff brother..well..ill be keep comin back to see ur vids to see if i missed something again..cheers😁😆😆
Hi bro, I found out what you said about leaving the trade till the next day by mistake. It works like charm. My biggest profits were made that way. Thanks bro
I swear I experienced that this week... I was so deep in drawdown ( 3-4 trades on my risk but it looked so much) I was panicking but at the end say fuck it, I did my part and I had my SL so I uninstalled mt4 and go on with my day... (And I was bearish in GBP, thankfully those news give me the push down) and I put a TP bc I was so done with those trades and they were hit
Unfortunately, I'm back here after exiting 5 trades that would of been winners if I hadn't looked at my trade intraday 😔Thanks VP! Lesson learned 😂
Sometimes I find that "walking away" or "closing the charts" is the best way for me to stick to my rules. I'm glad to see someone else considers this!
Same here😂
I've done nothing...Just 5 pips away from my SL on EURGBP it reversed and hit my 200 pips TP!!! Wow!!
Fawad Zakai was that with a trailing stop?
It happens but it can reverse to stop loss too there are no money guaranteed in this business
@@sanctumsomega 🎯
How are you trading these days?
Its been 5 years. Can you provide the update of your trading these days ?
I am so glad I found your channel mate. Can’t thank you enough.
I searched "forex discipline" in YT and this was the top result! This was my first intro to this channel and now I'm hooked. You even talk about Jocko!!!
I was right with doing nothing. But continuing to watch the entire video is still worth it!
One of the worst habits I see my students practice (I teach at a local college) during quizzes and exams is second guessing themselves...they change answers based on their feelings of self-doubt. I tell them to go with their initial answer, do not change it unless they have a compelling and logical reason to do so. Changing something (test answer, trading strategy) based on self-doubt is a bad strategy and is especially so if the change you make ends in a good result.
Bad strategies can produce good results from time to time. Good strategies can produce bad results from time to time. Which would you choose?
You are a cetified legend my guy. Not for the videos, not for the podcast...because CALVIN GOT A JOB!!! Lmaoooo I almost died because I was eating but that's ok hahaha Bruh, the way you layer your content with gems and sprinkles of your personality to show you're relatable in your blog, your videos, and your podcast to create a level of comfortability and trust amongst the listener to lower the defense of change and make the mind more open to WANT TO do the things that are necessary for success is utter genius brotha. I mean that's some sick sick jedi mind jazz sh*t lmaooo
To everyone NOT listening to the podcast AND reading the traders blog you're doing your bottom line a huge disservice. VP has a great trio of useful, thought provoking content. And no I'm not a sponsor or a colleague, never even met the guy but that's my ninja. Keep killing it VP!
This Guy (VP) ... is truly in my opinion the Best Trader i have ever came across...NICE ONE VP
My primary goal is to learn more about Money Management and found your videos about it as I have my system in the first place, but here I am, viewing more of your videos and even modifying the faulty ones I have, thank you VP. I am a female trader btw. 🙏🏼
Hey there how is your trading going?
@@ariella3284hi
@@ariella3284I am in my 2 months of trading since I found this channel I'm still learning and improving, how about you?
I don’t personally know you but you literally saved my life. I can’t thank you enough. I’m a better trader since I started following you. Forex is very though and I was trading as if it was stocks, which is totally different. Thank you, thank you! Since I got rid of those obsolete indicators such as the RSI, Stochastic, ADX and Fibonacci, I’m a better trader. Thank God I found this page.
What are you doing now
Amen to that
I love this channel too... I'm now tackling the 5%ers evaluation with great confidence and discipline. All thanks to VP😁
Hey VP! I found your podcast from Spotify about a week ago and I have already watched 22 of those (and read 22 blog posts aswell) + 4 of your youtube videos! So addicted to your way of teaching 😄 Here in Finland almost nobody knows about trading. I'm so glad I found your channels, thank you 🙏
Literally taking my time to watch all of your videos step by step on my trading journey as it progresses, and here I am watching this discipline video because I needed to keep myself in order. These videos are worth the hunt.
I gotta admit, when I first started watching your videos I was almost turned off because I perceived the messenger as abrasive, and in typical fashion I was ready to dismiss “the message” itself. I’m sooooooo glad I got off my high horse and continued to watch and rewatch. This is invaluable information.
same here
I felt the same like who’s this douche bag lmao then I’m like oh wait a minute now that actually makes a lottttttt of since 😂😂
VP from No Nonsense is my Mentor for the progression l require to overcome any fears l have in the FOREX market.. Love you bro..
I tought I won't have to come back to this video but here we are 😅
VP, love your trading psychology material. Every video and podcast feels like you are speaking directly to me. This material is gold. Thank you.
The last time I binge watched like this was when I bought the complete series of Breaking Bad. VP, your videos are truly amazing (and entertaining
Have an A1 day and go get it :)
Thank you, VP, for the mirror you are holding in front of us - the Big Mistakes we surely all do... It is a hard way to get disciplined, because you have to give up bad habits which are so comfortable in our lives. Step by step I am working on it, and because of you telling the truth I really can see a change in my way of trading. There are still some "stepping-back-in -old-and-bad-habits" - this is immediately punished by the market and the bad results. But obeying these rules you share with us I can see the better way. Thank you, VP.
I am so sorry for myself that I did not put enough empasis on your Psychology lessons. I would not have quit. Now I am back. But I will absorb and put in practice everything you say.
Because now it makes so much sense to me. You have done very good job of presenting aspects of human psychy in a very vivid and practical way!
I always look forward to your videos and podcasts every week. More people should be subscribed to this channel!!
I am literally addicted to this channel. Thanks for sharing the knowledge VP!
I have been trading for 4 years & I found every point in your vedio is absolutely 100% proven, these are the things that are very important after money management !
In short I think if some one do only money management & maintain discipline would be added in the list of successfull traders.
Thank you so much !
For 1 year VP. whatching your Videos Again and Again. Dammnn man Love it. It change me a Lot the way i trade. Thank you God Bless you more VP. From Philippines.
Watch the Video again and again.
absorb the Wisdom.
If you were to make changes to your system every time you hit a losing streak, you would be adjusting your system for the rest of your life.
VP this is your quote and I love it!
Watched video for 20 times, thanks VP for creating the gem.
Same here :D
This video is for me, I have fuc**d my trades in every possible way, all the credit goes to my indiscipline nature and the worst thing is I know how Discipline is important for trading, but each and every time I manage to give a genuine excuse to my self for not following a particular strategy. Thankx a lot for your videos, its a great channel.
Aaaaaah VP... I always come back here.. not just when losing even when winning because those winning streaks can make someone a bit cocky... to remind myself that we are focusing on the long game here... I can’t thank you enough... This playlist and the MM playlists are what changed my life.. forever grateful
Great video. I needed this at this exact moment. I have a really good system that I have been testing for 3 weeks now. For some reason, I started fiddling around with it, because you know, I think I am smarter than the market. Well the results were horrible. I said to myself, what the hell are you doing bro? Your system was working great and you went and screwed it up? Well, I have since went back to my original system and will stick with it because it works. Period. I got caught up in the draw down blues. I have gotten back up, brushed myself off and I am back at it with confidence. I'm going to make it. I'm going to be just fine. Thanks VP.
Thank for this and the patience video I comeback to them every week and it helps alot.🙏❤❤
Thank you for your videos are being listened to you for a while now, I like when your recommend to Trade on a daily chart, at first I couldn't I understand but now I see exactly what you're saying.
Now I realize that I need to work on my emotions because it's messing up my Trading, thank you for your videos they are absolutely useful for me..
I paused the video to KNOW I got this one right! Its ALL because of your guidance VP. I'm going for it every day I can. When I don't have the motivation, I look at the life I desire without ANY regrets. I'm not playin" with this thang. I deserve this! Preciate cha VP!
I found your channel at the perfect time in my trading journey. I am extremely thankful.
Great Sir. I had created five Algorithms and testing it 3 times a day on Five currency pairs. I am journaling these results on a excel sheet. It's nice. Thank a lot, Sir.
Thank you for taking the time to teach, when you don't have to. You have no idea how much money you have saved me and all I have done is learn and demo...
I am at 14:43 Long game fail for forward testing on a demo account.
In less then a month I went from 10,000 to 10,097 then the losing streaks came out of nowhere. My account at present is 10,026.
I really needed this video
Thank you VP.
I haven't changed anything to my strategy.
another awesome one VP. thanks.. this part is the hardest one for me. been trading since 2014. been training the dicipline muscle for years and still itching to move my stoploss even when just checking it on the phone (if against me) or at least tempted to do so.
Absolutely great video. Thank you for working hard for all newbies who are trying to learn life long skills. If anyone says your video doesn't make sense it means he/she hasn't been in the market for long time. You have crushed the trading academy. Cheers
10/10 Better than Babypips !!
Yes. Curse Babypips!
This channel is awesome AF!!! 🔥 I appreciate all you do, man! Keep it up!
I can only smile while watching this video again and looking at my open trades on regular intervals. These videos are so true to human nature, however thanks for it. Every time I am uncertain, or discourage with a loss or satisfied with a trade, I reflect on the Trade Psychology set of videos and I am on track again.
i always come back to this video, came across it when i was on Demo, last year of High School. now im on live, 8 months in, 60% down and still going so, i resonate a lot with this video and i can see improvement. Keep at it too, its tough, especially at the beginning but the trick is just to keep shooting, eventually you'll learn the technique to shoot more precisely. @No Nonsense Forex
The type of channel that every trader needs to follow!! Thankfull mate!!!
VP, I'm subscribed to you channel about a month, watched a lot of videos and I plan watch all! I will buy your book soon too... thank you a lot for create all this content. I'm from south of Brazil and I follow a few others trades, but I like you put us to think out of the box, diferent of 99% and this idea aligned to your strategies make all sense!! Thank you and if possible, keep doing this great content.
It is very important to have a Trading Plan. This plan not only contains the reasons why you're doing this shit but also how to take entries and exits. So like VP says "Only take trades that satisfy your entry criteria". Full stop. Also VP says "leave trades to play out". Very important. But these items should be in your plan. The times over the last 15 years of trading that I've exited a trade early (to take the money) and moved a stop (to avoid a loss) are numerous. Don't do it. Discipline!!
Hee he he. VP, your Initiative video dropped me to my knees with a bloody nose multiple times, but I was back in your face for this one on Discipline. And you floored me so many times, it feels natural to be staring at the clouds. I doubt I can whistle, cause I may be missing some front teeth. But I keep getting up, dusting off my ass, and asking you if that's all you got. Love it.
Just hope I can catch up with my sleep :)
M-VP! It‘s just awesome how much work you put in this channel and the podcast and how you change the game for all your followers. A long time I‘ve been watching those social traders with huge shiny eyes while they post their „clients“ testimonials showing how much money they make day by day. At some point I am still thankful to those guys since they are the most popular and that‘s the way I got interested about forex trading and at the end I found your podcast and also your youtube channel. That‘s the best thing they did for me. Since I watch your videos and listen to your podcast I really got started using MT4 and plugging in all the stuff I learn from you and it just feels like I am really good equipped knowing what to do. Keep up the good work! Looking forward to be part of your „killers“.
VP..you always have a way of making things stick, you a great speaker. Thanks for the great advice on this vid
Thank you so much. Needed this. Discipline is about to give me freedom
this guy just read my mind. I have been searching for something to help with these exact issues. I have been disrupting my strategy with them and screwin up my winners. I searched through ICT(Michael huddleston) youtube looking for a video on it but remembered no-nonsense forex instead and bam! I'm ready for next week
fr you need to do a podcast with ICT, you are so much alike in how you teach
So much trading psychology stuff on this channel, including an entire podcast on it.
@@NoNonsenseForex thank you for all you do Vp
I've been looking at all your videos IN ORDER for the past month, when the question came in at the beginning of the video i knew the answer, i'm in the right direction, thanks VP you're the man
Yo VP, Ive been homeless for almost a year now. I figured since i live in a part of the world where there are no bears, bugs, or ice i could slum it out for a few months and pay off my debt. But after 8 months i found myself with MORE debt, still broke but now without a place, and that my only option was to quit my phd program to join the tech industry, a thought that only sounds slightly better than dying broke and alone. But i see now that wouldnt of helped either, bad money management and lack of discipline are my problems to overcome, and watching your videos the past two months i started february with more money than i had starting january, probably for the first time in my life.
And that didnt happen through trading, but through evaluating my bad habits, and i have a long way to go. In fact, i havent even started to put together my strategy because ive been building my own forex platform. I use python to grab the price from oanda and javascript to graph my chart. Except i grab a random 200 candles from the past thirty years. I then update the current candle with the 4 hour candle every 5 seconds, meaning a day candle closes every thirty seconds. I hope this willl make up for the lost time i spent coding this thing. Im very excited that today i got the sma in my chart. Sounds like a small feat but ive been struggling for two weeks to find a clean way to get my indicators from python to javascript in a clean way. Seeing the sma on my chart has got me elated, its as simple as writing the indicators now. And combining them and automating the testing so i can characterize them over all pairs over all available times over a wide range of settings and risk strategies with only a click of a button. When i get to real time streaming i can add fake data to see how a signal holds up to noise and im thinking non linear profit/stop losses may provide some unique strategies.
Its all at my fingertips now man, and that could be sugnificant if i can only remember that discipline equals freedom! By the time i finish my phd i hope to be trading for a prop firm just like you. Thanks for paying it forward!
Forgot to say thanks to the you tube comment on one of these videos that had the idea to add fake data to test how well the signal holds.
I've come back to this video because of the (literally) thousands of videos I've watched and learned from , this is easily the most relevant for me!!...Much appreciated . I will definitely get that book ASAP. 👌👍
Awesome series and great channel, I thank your efforts for sharing such valuable insights. Staying the fuck away while trading is something I should have heard a long time ago, time to execute the system and let the coin flip. The bigger picture is why we are here.
Your best work yet because you just helped fix a problem every trader has in one video.
Man this has been my problem for the last year! thank you so much! and i am ordering that book right away
God bless you! can't thank you enough
Gotta be the best and most honest trader🔥
Another fantastic video. Thanks VP.
I got it!!( Nothing', takes some real getting used to though) I've been feeeling like..i hate trading lately. 2 years study... hey..that was a waste of time ! hahah anyway, you have my full attention. I'll report back when I have got to grips with a whole new way of understanding the markets. I will do it, I can do it and I will never give up on this. Thanks for doing this VP
Good way to start the year, very refreshing recap.💯
I attempted your psychology videos before the money management a few days ago, I changed my mind and went with money management first. I have the concept of money management in my mind while listening you explain discipline. I don't know how to explain it but it seems to me in my mind like I have the battlefield (day chart) and strategy (money management) framed.
I’ve come back to this video because I needed to; not remembering it being said in this video that I would need to come back to this video...so I appreciate this video.
Obliged. Just don't have to come back to it too often.
Seriously guys. Read Discipline = Freedom book.
I used to be a person who constantly slept in and I was always late. I just couldn't get out of the bed in the morning. And I felt guilty for doing this. After reading Jocko's book, and even I never thought one could change in this way in such a short amount of time, I managed to get up at whatever time and get out of bed in an instant. To a point where I felt bad if I didn't execute. This book is a total game changer. Highly recommend.
P.S. I know it doesn't have to do anything with trading. But I had to share this with everybody considering reading this book. And hopefully I convinced you by just randomly sharing this story with everybody!
Thanks VP for sharing this man's work with the world, found the book incredibly valuable, and really enjoying his podcast as well, tons of value and great war stories!
Happy trading everyone!
I have a problem with this at the moment. Maybe ill give it a shot. Thanks for your example. Good luck with your trading bro!
Thanks VP for teaching me so much in just a couple of days.
I wish everyone would open eyes and pay attention.
this video changed my life. thank you.
15:50 situation happened to me so many times, over and over, at this point I always tried to see what mistakes I had done (lack of discipline most times) and got right back into the game.
best video youve made. On 4th month now and literally going thru this now.
This stuff is GOLDEN...trust your SYSTEM and REPEAT
I swear this thing is so important it's whats keeping me from destroying the markets not my indicators.
yyyyyyyyyyyyyup
This is your best video by far, hands down!!! The content is so true!!! Thank you for making this video. God bless...
you are a bloody prophet VP... i came back to this video :D i needed to doublecheck something and get my discipline in the right path again.
Been following for a while now n that’s exactly what I do glad to know I was correct checking the daily chart the next day and not every 1-30 mins trust your system thank you VP💪🏾💯
For swings I have very specific criteria I follow, but for short scalps (10-15 pips) I would say intuition is useful. My approach also rules-based but I'll get out early every time if it starts to look like I screwed up the entry or if I won't get to my exit. I'm okay with not getting a proper exit in this case, as long as I'm in the green at the end of it. Or if it does go against me, I get out with a minimal loss.
We talked about this in other videos, but it's always good to reinforce the subject. Thanks
While rewatching this last night, I had a good example of where my discipline is.... I trade the Daily but I break the rule of intraday looking (i do other things during the day like backtesting and such), HOWEVER, I watched a trade go to within 1.9 pips of my 1st TP and did NOTHING.... I just watched it recede from the line and went about my day. That trade is now trending back towards my TP. Discipline traders. DISCIPLINE! Even if I (my system) end up losing this trade....my psychology (me) actually WON. Thanks VP!!! GO get it!
You're getting there!
@@NoNonsenseForex I've been on this journey on and off since 2010 and have made some of the same mistakes VP has talked about and been through. Third world life as it has been demanded I make a decision; and I made the decision THIS YEAR (2024).... I'm nailing this all down once and for all and going pro. Whenever I do get funded, I'll be back to this very thread to update the community. Thanks again VP for your mentorship.
Trade Update: It is a WIN for DISCIPLINE and PATIENCE. First take profit reached. Stop loss on the second half of the position at break even. Spectator mode engaged. Flyer is going to "Go get it!".
Nice video but here what goes in my mind.
1. Remember about your video scale out. When price hit TP=ATR, we can lock the profit, move the SL to BE. If we only check once a day, chances are we might miss the time to lock profit and price just go the other way.
2. How about first the price is 1 pip short to my TP for breakeven? its tempting to scale out, move SL to BE because chances the price will go the other way and we were so close there to lock profit.
Thank you for this, where im at. Got something that works which means the world, but I can still deviate which is astounding. Must address the issue with all I got
Awesome video. Binge ongoing. Received my Jocko book today!!!
Get Some!
you make me crazy VP. thanks a lot for all you tell us. you just open my eyes to the real trading world.
this video was so motivating , thank you so much for everyhting you do for the community. new sub :)
Love the channel !! Thank you 🙏🏾
Nice....thanks for the recommendation "Discipline Equals Freedom" by Jocko Willink ....got mine ordered.
the art of trading in a nutshell! I am looking foward to learn from you as we move forward! thank you very much VP
Thank you for your time VP.
I closed both my position a while ago..manually..bcoz..i reliaze..that ive been deviate from my strategy rite from the start..so..i dont care if the trade was profit or loss..the deviation that would ruined my long time consistency..thanx for remind me this stuff brother..well..ill be keep comin back to see ur vids to see if i missed something again..cheers😁😆😆
The best one in Forex for me even in 2020 , thank you VP
Question about forex? Do you qualify for tts for your taxes?
your video,s an some video's of others really helped me in getting realistic axpectations
One words for this video....."AMAZING"
I needed this. Thank you! Saved in my faves. Bless You.
Hi bro, I found out what you said about leaving the trade till the next day by mistake. It works like charm. My biggest profits were made that way. Thanks bro
Thank you so much for your help!! Love this video!
This is another lesson that even if I fail at Forex, I wouldn't trade the discipline I now have for anything....
Just watched this a second time after dealing with some discipline issues. thanks once again VP
Every time I am about to close a losing trade, I hear your voice say "do nothing" the best
I'm curious why get the hard cover over the Kindle edition?
Great video man very helpful!
Hey legend
Can you please check the website link for this episode its not working
I swear I experienced that this week... I was so deep in drawdown ( 3-4 trades on my risk but it looked so much) I was panicking but at the end say fuck it, I did my part and I had my SL so I uninstalled mt4 and go on with my day... (And I was bearish in GBP, thankfully those news give me the push down) and I put a TP bc I was so done with those trades and they were hit
How can I double like this? Omg, amazing VP damnit why we are always so idiotics and not think of this? Is logic
Take the stop-loss?
I took some boxing lessons many years ago, it kicked my ass.
I have a speed bag in my living room, I love it. It is a good upper body workout.