Starting off preaching and i’m only a minute in. Like you said “intelligent ppl struggle most”, you’re absolutely correct I’m someone who has very good technicals. But because i know so much i hesitate, but i’ll be right on the market direction. That hesitation is mostly due to knowing the daily bias, but the market sometimes has its short term shifts. Today I longed, we swept IRL, then the daily bias of shorts played out and i got a piece of it as well. But sometimes i allow it to mess with my head and get locked to one bias. When i’m open minded it goes way better, because i allow the setups come to me. Now i’m going to enjoy this video and watch it over again afterwards.
1. Develop a Trading System for an edge and decision-making (Plans and Processes) 2. Build self-awareness and emotional intelligence for Trader following the trading system (EQ) 3. Refine, adapt and evolve your trading holistically by following steps 1 and 2 with journaling and feedback
Recently, I've been exploring ways to improve my Emotional Intelligence through videos, forums, and books, and your video appeared at just the right time.
Hey Neoh, love ur vids ❤ Would love to see you discuss how you manage longer trades, especially with how it affects your sleep schedule and everyday life which I think is an pretty unexplored topic. For example, if a trade runs deep into the night/early morning, do you set alarms for when price breaks belows or above minor obstacles?
Putting on a winning trade or even a series of winning trades requires absolutely no skill. On the other hand, creating consistent results and being able to keep what we’ve created does require skill. Making money consistently is a by-product of acquiring and mastering mental skills.
It is also a game of IQ because you need good enough IQ to find a profitable strategy. When you have a profitable strategy and execute it faithfully, EQ won't matter much.
I have unfortunately a relatively high IQ, let me tell you, i cannot build conviction with a strategy that has even an ounce of hindsight/mental edge. It needs to be as defined as possible. Every trading plan has even a bit of subjectivity, which needs to be eliminated in order for me to make it work, i need to make the strategy as objective as possible, if let's say you got 10 people given the trading plan, if majority of these 10 people cannot find the same trade, then the strategy is likely to fail on me because of how subjective it is, someone might see liquidity differently, somebody else might have an entirely different entry and trade.
@groovy111 of course a strategy is objective, if it has too much subjectivity it’s not even a strategy anymore. What makes it a strategy, is the consistency in execution and management. The point of this video, is to remind traders the importance of emotional intelligence, learning to stick to plan, learning to not be hijacked by emotion, learning to lowering our expectation as a trader. It’s my first time seeing someone claiming he has a high IQ frankly.
What do you mean by building conviction? Conviction is accumulated over time. It is the proof that the strategy is profitable. It is not to be built. If you have a profitable strategy that convinces you, stick to it. Emotion should not be involved. Only execution. Because no strategy has 100% win rate, stop loss must also be part of that strategy. The job is to execute that strategy days in and days out. It should be an automatic process.
EQ stands for Emotional Quotient , which is different from IQ. One measures your intelligence the other measures how well you handle your emotions.. It is by far the most important factor that determines one's success not just in trading but also in other areas of his life..The good news is that unlike IQ, which is a set number assigned to you by birth, you can improve your EQ ..
Starting off preaching and i’m only a minute in. Like you said “intelligent ppl struggle most”, you’re absolutely correct I’m someone who has very good technicals. But because i know so much i hesitate, but i’ll be right on the market direction. That hesitation is mostly due to knowing the daily bias, but the market sometimes has its short term shifts. Today I longed, we swept IRL, then the daily bias of shorts played out and i got a piece of it as well. But sometimes i allow it to mess with my head and get locked to one bias. When i’m open minded it goes way better, because i allow the setups come to me. Now i’m going to enjoy this video and watch it over again afterwards.
1. Develop a Trading System for an edge and decision-making (Plans and Processes)
2. Build self-awareness and emotional intelligence for Trader following the trading system (EQ)
3. Refine, adapt and evolve your trading holistically by following steps 1 and 2 with journaling and feedback
this kind of raw yet so useful videos are always underrated. i'm so glad that i'm here and watched this gem. thank you for this knowledge and advice.
You have singlehandedly doubled my EQ. Thank you for your vids :-)
@@ImpatientSniper 😂
this topic is very unpopular but every trader need it. Thanks for making video about it.
@@mynasy8 🙏
Recently, I've been exploring ways to improve my Emotional Intelligence through videos, forums, and books, and your video appeared at just the right time.
God bless the day i found out the channel.
Very informative video
Thank you for this
It's really breaking the ego of the person when he's thinking "i am smart because..." and TRADING starting. Loss, loss, loss, loss.
Do you have books recommendation to read?
Hey Neoh, love ur vids ❤
Would love to see you discuss how you manage longer trades, especially with how it affects your sleep schedule and everyday life which I think is an pretty unexplored topic. For example, if a trade runs deep into the night/early morning, do you set alarms for when price breaks belows or above minor obstacles?
Putting on a winning trade or even a series of winning trades requires absolutely no skill. On the other hand, creating consistent results and being able to keep what we’ve created does require skill. Making money consistently is a by-product of acquiring and mastering mental skills.
It is also a game of IQ because you need good enough IQ to find a profitable strategy. When you have a profitable strategy and execute it faithfully, EQ won't matter much.
Hi
How do I get to be a student to learn from you ?
Hi sir what’s your average winrate and RR for a large sample size?
45%, 2.5-3R.
What's your January RR so far ?
@@maarrsseelli +6R.
Do you ever think about moving to forex futures?
@@firechrist5513 no.
Hey Neoh, do you calculate the roundtrip cost of a trade into your predefined risk ? (I do)
@@maarrsseelli I don’t.
But I do check my total commission on my broker statement every quarter.
I have unfortunately a relatively high IQ, let me tell you, i cannot build conviction with a strategy that has even an ounce of hindsight/mental edge. It needs to be as defined as possible.
Every trading plan has even a bit of subjectivity, which needs to be eliminated in order for me to make it work, i need to make the strategy as objective as possible, if let's say you got 10 people given the trading plan, if majority of these 10 people cannot find the same trade, then the strategy is likely to fail on me because of how subjective it is, someone might see liquidity differently, somebody else might have an entirely different entry and trade.
@groovy111 of course a strategy is objective, if it has too much subjectivity it’s not even a strategy anymore. What makes it a strategy, is the consistency in execution and management.
The point of this video, is to remind traders the importance of emotional intelligence, learning to stick to plan, learning to not be hijacked by emotion, learning to lowering our expectation as a trader.
It’s my first time seeing someone claiming he has a high IQ frankly.
What do you mean by building conviction? Conviction is accumulated over time. It is the proof that the strategy is profitable. It is not to be built.
If you have a profitable strategy that convinces you, stick to it. Emotion should not be involved. Only execution. Because no strategy has 100% win rate, stop loss must also be part of that strategy. The job is to execute that strategy days in and days out. It should be an automatic process.
Why the link to ic markets not working?
@@tanwennhan2620 use a VPN!
Huh 😅
What do you mean by EQ? I don't feel like you clearly defined it in this video.
@@brysonite do you know what’s EQ?
EQ stands for Emotional Quotient , which is different from IQ. One measures your intelligence the other measures how well you handle your emotions.. It is by far the most important factor that determines one's success not just in trading but also in other areas of his life..The good news is that unlike IQ, which is a set number assigned to you by birth, you can improve your EQ ..
@@mustafabaris9681 thanks for the explanation.
You are 10 time better than alex