Repetitive mistakes in trading: 1. Never go against the market! 2. Never make a random entry 3. Fear of Missing out! 4. Wait for the market to come to your setup. 5. Don't choose a higher position or a deep ITM strike if you can't manage it technically and mentally. 6. Once you get the first signal that the market looks like go against your set up, cut the trade immediately. No second thoughts! 7. Always enter a trade with a stop loss. If the stop loss hits, accept the small initial loss. Don't make the small loss into a big loss by waiting with false hope. 8. Don't be greedy once you hit your target or fear once you hit your stop loss. Be patience. 9. Never over trade. 10. Don't fall in analysis paralysis. 11. Take success and failure as equal. There are many opportunities out there. 12. Never get into a trade with old baggage. 13. Never compare with anyone in trading. Compare only with your previous version alone. 14. Start writing your trading journal right now. 15. Don't choose a script that you're not familiar with or comfortable with. 16. Choose your own strategy and start improving along with back testing and real trades. 17. Meditate (things you like to do and which you missed for sometime) to keep your mental health. 18. There is no such thing as a shortcut for quick success.
"As a perfectionist, you're used to thinking inside the box of your comfort zone. As a trader, feeling uncomfortable is your new comfort zone" WOW some of the wisest words of wisdom I've heard! What a great way to look at it! Thank you!
Everything was amazingly accurate, except for one thing only: The market is NOT random. It looks like it, but think about it like small particles, they are all messy and look like to behave randomly, but when you look at the big picture, and analyze the movement of entire galaxies, they have a common order.
I believe this is the biggest lie about the market that it doesn’t have a designer or buying and selling pressure. As a Professional Accountant, market must balance if $100 going in a $100 must go out. This is a $0 sum market. You are right my friend the question is who is exactly the designer
The market is random for the retail trader,you never know the exact amount going in or out of the market at every given time,the effect of said money and it's duration
what does help me to stay the course is sticking with certain trade setups i need to see. I dont need to recognize ALL possible trades, just the ones that 'talk' to me, to my strategy. as long as i dont see them i am sitting on my hands doing nothing. its a really good feeling to know what you are looking for and only acting when you see it. i found out that most of my poor trades came simply from the fact that i had no strategy and was letting the market throw me around like a leaf in the wind, and thats also the cause of the lack of discipline. If you don't know why you should be disciplined then no wonder you're not.
I am a 9 month newbie already having blown up a few demo accounts. I have subbed several very good yt channels but got overwhelmed and confused with the differing methodologies. I now only subscribe to you and a couple of others. As I have said before, even the accent has gravitas and the content is spot on from lived life experience. Thank you.
Ive been wantin to conect my Tradin View but wasnt sure what market to use. Ive so much respect for your knowledge im asuming that black bull is oneof the better ones?
I would like to thank you the secret mindset! I’ve learned all your techniques. I tweaked some of it to work with my style and it’s been crazy. I make 30-40k a month and it’s great. When you can control your emotions is when you can understand exactly what he is teaching. My first encounter of controlling my emotions was when I loss over half my account in one day $40k. I kept my calm and waited it out. Week later it all came back. That was when I first listening to your videos. And now I always close my trade everyday.
I started with $4,500 in my account and I am down to $800 due to preventable mistakes. Trying to learn from them so I can make small daily gains and eventually compound.
Best video ever seen and this will be my first audio before start my day For new traders - Trading for living - Trading in a zone Thank you for sharing this video❤️🙏
Simply a gem this video. Just like that. As a swing trader I have learn recently to decide buying or selling position after the market close. I've had my good share of bad tradings buying in the first two hours of the market opening. Thanks.
As you have done many times before, the timing of the lesson is wonderful. So many people out there say you won’t learn much from a paper money account other than the mechanics of how to use the platform. Your approach is an “outside the box” thinking. Push that paper money account till it breaks then reset it. I often use the paper money account to trade in times when the setups are very uncertain or I want to test a new options trade idea, or feeling FOMO so I just go Paper Money to get the thrill of participation without the downside if it does not work. I can use larger size in the demo account to experiment with scaling in and scaling out so that “unforced errors” with real money are at a minimum. Today’s market is seemingly driven by “market mechanics” above all else.
Underrated video and channel although a success. Everything this guy teaches is gold and what ive been through. Priceless and genius! Much gratitude 🙏❤❤❤
I believe this video is the definition of the Secret Mindset. Staple and deep. You need to re-watch it like every time you experience trading challenges, despair or inconsistency, in order to clear your mind anr reobtain confidence
I chuckled all the way threw this u brough back emotional memories I don't think there are many places that u can work and be so shook up by the end of the day like the stock markets it brings out and tests all your emotions great content keep at them
I learned a hard part, On the first and second day, I think It's something likes beginner luck I earned around 4,000 then I thought "Oh, Just a few traded can make me this much money eh ?" Then suddenly one day I get too confident enough not to cut loss, Then yeah... My funding reduced 80% ... Now I have to learn a lot more from my own mistake.
Hundreds of channels regarding stock market but The secret mindset is my all time favourite ❣️ . keep posting much more videos regarding stock market, love from India🇮🇳❣️
Genius! I have discovered I am so risk averse I have difficulty pulling the trigger even on my demo account. This encourages me to go for it. It's just play money anyhow.
This video hit all the points that I am struggling right now. Specially with multi winning days and then one giant loser day because of stupid mistake like not excepting a small lost. Thank you for making this video, I will play this video every morning until I've fixed all the mistake.
17yrs ago started trading, could not drag myself into making money for longer periods than 6 weeks. March this year, I changed my approach. Only using supports and trend lines and rsi and stoch to find saturation. What really changed though is having a record of my feelings thoughts and physical condition pre and post trading. Finallybroke through magic 6 week period of profits into 3 months period. Last month i went back to starting point with my capital, but I do not care, Finally I got into correct mindset, last month I have reduced 30% of drawdownn, and seems that next year I will start make consistent profits. Ur feelings are the most important part of trading.
Holy shit dude! You really knew what I went through. You answered and solved the problems. I might be late to the party, but thank you very much for this video.
Your tutorials are very unique, been watching a few and back-testing lightly. Would really like to see few live trading sessions where we can observe you in action, that would be a great opportunity for us viewers and definitely good marketing for yourself, just an idea.
wow awesome video. that pretty much sums up my learning path and lists many mistakes I got rid off and will never ever make them again. But... it also lists those which I am still struggling with. thanks!
I wish I had seen this sooner, but as the old saying goes: better late than never. So , thank you for posting this Godsend video, really helps me reflect on my mistakes, and for future traders as well. All of the mistakes in this video, I did them ALL on LIVE market, with REAL money losses, huge chunk of them.. but.. I still have some money left, and as long as we still have money, all is not lost; There is no better teacher than learning the hard way from real firsthand experience. I left all my regrets right here, right now, and I am moving forward with my better self starting from today. October 16th, 2022, marks a new beginning, a new chapter; A new me.
I love everything about you. Youre a genius and your voice wow. Yes you are perfect. Keep them coming. You always keep us traders on our toes. Your content is priceless. Youre the young Mark Douglas XXX ❤
One of best stock trading channel or call it number 1 in whole RUclips . He is very genuine and care for everyone . God bless him with good fortune and health .
All of the mistakes he said here is what i am doing right now😅 thats the reason why i am losing my trades. Thank you for sharing this. Im hoping to be one of the profitable traders out there someday.
This Video is insane! Every day I am getting better at dealing with my emotions and this Video improved them again! I am using your 1 Minute scalping Strategy mostly on the NASDAQ in the morning (from one hour before the Open until 30 minutes before the Open at 9:30 in america) and it works perfectly! But I use it in combination with a little Bit of Higher time frame Analysis (Trend and Support and Resistance). Thanks for all of your great Videos and your Trading course!
I’ve Recently Learned, from over the past Several years of Failures, to Focus on 1 Asset. For me, it’s Options on the SPY on the 5 Minute. I’ve now Learned to Only use the Fibs or the Swing High or Low Breaks on that Timeframe, or Breaks of Previous Daily High or Low. It Took a Long Time to Come to where I am at Now, with Tens of Thousand’s of $ in losses along the way. I Now have a Set Entry, Stop and Take Profit OCO order that fills Automatically, when I Enter a Trade.
I really appreciate all your videos but this one rejoin me even more. This one really show almost all the struggles we deal daily as a Day Trader. Thanks for your contents creation and please continue to bring us more of them and more of your knowledge 😎
► Join TSM Academy: thesecretmindset.podia.com/academy
► FREE TradingView Pro with BlackBull Markets: go.blackbull.com/visit/?bta=35247&brand=blackbull
Repetitive mistakes in trading:
1. Never go against the market!
2. Never make a random entry
3. Fear of Missing out!
4. Wait for the market to come to your setup.
5. Don't choose a higher position or a deep ITM strike if you can't manage it technically and mentally.
6. Once you get the first signal that the market looks like go against your set up, cut the trade immediately. No second thoughts!
7. Always enter a trade with a stop loss. If the stop loss hits, accept the small initial loss. Don't make the small loss into a big loss by waiting with false hope.
8. Don't be greedy once you hit your target or fear once you hit your stop loss. Be patience.
9. Never over trade.
10. Don't fall in analysis paralysis.
11. Take success and failure as equal. There are many opportunities out there.
12. Never get into a trade with old baggage.
13. Never compare with anyone in trading. Compare only with your previous version alone.
14. Start writing your trading journal right now.
15. Don't choose a script that you're not familiar with or comfortable with.
16. Choose your own strategy and start improving along with back testing and real trades.
17. Meditate (things you like to do and which you missed for sometime) to keep your mental health.
18. There is no such thing as a shortcut for quick success.
100% true 👍
Hello
True
Thank you sir 🙏
Thank you sir for sharing the list with us really helpful for me in my trading journey 😊
0:00 - 1:36 "Trading on a demo account, destroy your demo deposit, feel the pain and the mistakes!" I like the attitude of the author. Well done!
👍👍
What demo account do you suggest. I an in the USA?
Traders should play this 15-minute video every day, 3 times a day, for life.
👍
True tho it's should belike a a daily prayer 🙏
Words 😮
You nailed that! 👍
but don't trade !!!
"As a perfectionist, you're used to thinking inside the box of your comfort zone. As a trader, feeling uncomfortable is your new comfort zone" WOW some of the wisest words of wisdom I've heard! What a great way to look at it! Thank you!
👍👍
"As a trader, feeling uncomfortable is your new comfort zone." ❤👍
👍
I feel uncomfortable, just watching this video.
I opened a demo account and thought I made all the wrong decisions only to end up becoming a demo multimillionaire.
👍
Now it's time to become a real multi-millionaire!
That's hilarious 😂
Everything was amazingly accurate, except for one thing only: The market is NOT random. It looks like it, but think about it like small particles, they are all messy and look like to behave randomly, but when you look at the big picture, and analyze the movement of entire galaxies, they have a common order.
I believe this is the biggest lie about the market that it doesn’t have a designer or buying and selling pressure. As a Professional Accountant, market must balance if $100 going in a $100 must go out. This is a $0 sum market. You are right my friend the question is who is exactly the designer
👍
The market is random for the retail trader,you never know the exact amount going in or out of the market at every given time,the effect of said money and it's duration
For the most important advice I ever heard was the market does not care whether you are right or wrong so it is random for retailers
what does help me to stay the course is sticking with certain trade setups i need to see. I dont need to recognize ALL possible trades, just the ones that 'talk' to me, to my strategy.
as long as i dont see them i am sitting on my hands doing nothing.
its a really good feeling to know what you are looking for and only acting when you see it.
i found out that most of my poor trades came simply from the fact that i had no strategy and was letting the market throw me around like a leaf in the wind, and thats also the cause of the lack of discipline. If you don't know why you should be disciplined then no wonder you're not.
👍 👍 100% true
100% true! You can make a LOT of money just trading ONE single strategy, once one or two per day!!
This is such a wise and insightful comment! Thank you for this. I am taking a mental note of this.
I am a 9 month newbie already having blown up a few demo accounts. I have subbed several very good yt channels but got overwhelmed and confused with the differing methodologies. I now only subscribe to you and a couple of others. As I have said before, even the accent has gravitas and the content is spot on from lived life experience. Thank you.
👍
Hello bro, I just wanna know... how are you doin? Are you still in trading?
@Rageee_ yes. Profitable for the past 4 months. What a Rollercoaster journey though. Stick with it.
Everything related to psychology is a golden river in your channel. Thank you so much!!
Glad you think so!👍
Your channel is one of the best around. I just love learning from you. Thank you for all you do. Great stuff
👍
Thanks!
Thanks a lot for your support! 👍
► Join TSM Academy: thesecretmindset.podia.com/academy
► FREE TradingView Pro with BlackBull Markets: go.blackbullmarkets.com/visit/?bta=35247&brand=blackbull
Ive been wantin to conect my Tradin View but wasnt sure what market to use. Ive so much respect for your knowledge im asuming that black bull is oneof the better ones?
If you can talk about liquidity please 🙏🏻 i will be thankful. I still don't understand it properly 😕
Best YT channel in terms of trading advices ! By far !
Every retail trader should see this video. Thank you.
I've gone through all the mistakes you told in this video. Blown my hard earned money. Now focusing on learning.
👍👍
the mistakes of trading
1. averaging on loss trade
2. let loss run and hope the price turn back
3. fear of missing opportunity
👍
I live your psychology videos! It's like you're talking directly to me.
👍
¡Gracias!
Thanks a lot for your support! 👍
I would like to thank you the secret mindset! I’ve learned all your techniques. I tweaked some of it to work with my style and it’s been crazy. I make 30-40k a month and it’s great. When you can control your emotions is when you can understand exactly what he is teaching. My first encounter of controlling my emotions was when I loss over half my account in one day $40k. I kept my calm and waited it out. Week later it all came back. That was when I first listening to your videos. And now I always close my trade everyday.
👍
r/WallStreetBets comment right here.
Trading demo account vs live account is totally different. There is no risk , fear or emotions in demo account . Real game is live account .
I started with $4,500 in my account and I am down to $800 due to preventable mistakes. Trying to learn from them so I can make small daily gains and eventually compound.
Same here. I wish u and i well.
thanks for this. I will definitely watch this over and over again. This is such a good reminder.
Glad it was helpful!👍
Your lectures are invaluable to me, a faulty but improving day trader. Thank you very much ☺️🙏
👍
Yerr. Most people comments are so positive
Best video ever seen and this will be my first audio before start my day
For new traders - Trading for living
- Trading in a zone
Thank you for sharing this video❤️🙏
👍👍👍
I look forward to your videos because they speak directly to my current issues. Thanks!
You are so welcome!👍
Simply a gem this video. Just like that. As a swing trader I have learn recently to decide buying or selling position after the market close. I've had my good share of bad tradings buying in the first two hours of the market opening. Thanks.
👍👍
As you have done many times before, the timing of the lesson is wonderful. So many people out there say you won’t learn much from a paper money account other than the mechanics of how to use the platform. Your approach is an “outside the box” thinking. Push that paper money account till it breaks then reset it. I often use the paper money account to trade in times when the setups are very uncertain or I want to test a new options trade idea, or feeling FOMO so I just go Paper Money to get the thrill of participation without the downside if it does not work. I can use larger size in the demo account to experiment with scaling in and scaling out so that “unforced errors” with real money are at a minimum. Today’s market is seemingly driven by “market mechanics” above all else.
👍👍
This is 1000 percent accurate..don't be hard headed and listen!!
👍👍
once again, you pointed out all my mistakes and struggles👏
👍
Great info, I have made all these mistakes and have learnt from them over time and become alot more successful thanks for the recap
👍
That was the most solid collection of recommendations I’ve seen online. Great video - thanks for putting this together for us.
Glad you enjoyed it!👍
Underrated video and channel although a success. Everything this guy teaches is gold and what ive been through. Priceless and genius! Much gratitude 🙏❤❤❤
Appreciate it! 👍
I believe this video is the definition of the Secret Mindset. Staple and deep. You need to re-watch it like every time you experience trading challenges, despair or inconsistency, in order to clear your mind anr reobtain confidence
👍Much appreciated
this is the BEST video I have ever watched on "Trading Psychology"....every trader will relate to it...!!!
👍👍
Wow!! Excellent As many have stated, you pointed out everything I am doing wrong!!!
Glad it was helpful!👍
You are the best person ever who have taught me about psychology perfectly... Congratulations my G🎉
👍👍
I listen to this 10 times for 150 minutes until i am drop dead. But im a swing trader, day trader is just too stressful to handle.
I chuckled all the way threw this u brough back emotional memories I don't think there are many places that u can work and be so shook up by the end of the day like the stock markets it brings out and tests all your emotions great content keep at them
👍
I'm from India
I just watched your more video it's awesome your teaching way is too good
God bless you
Love from India ❤️
👍
I learned a hard part, On the first and second day, I think It's something likes beginner luck I earned around 4,000 then I thought "Oh, Just a few traded can make me this much money eh ?" Then suddenly one day I get too confident enough not to cut loss, Then yeah... My funding reduced 80% ... Now I have to learn a lot more from my own mistake.
Hundreds of channels regarding stock market but The secret mindset is my all time favourite ❣️ .
keep posting much more videos regarding stock market, love from India🇮🇳❣️
👍👍 Thanks a lot!
Genius! I have discovered I am so risk averse I have difficulty pulling the trigger even on my demo account. This encourages me to go for it. It's just play money anyhow.
👍 👍
OMG you are the best teacher i have gone through evrything you have just described above
👍👍
Wow Mario-this is masterful. Thx a million. Been a subscriber for 4 years, just stumbled on this one.
Glad you enjoyed it!👍
too many thanks to you...I will keep watching this video at least once a month to keep remind myself to stay focus and keep myself out of trouble.
👍
I enjoy the way you speak. Bold and experience loaded. But plenty ads
👍
This video hit all the points that I am struggling right now. Specially with multi winning days and then one giant loser day because of stupid mistake like not excepting a small lost. Thank you for making this video, I will play this video every morning until I've fixed all the mistake.
👍👍
The best ever video for beginners ✅✅
👍 👍
Bro, the quality of your content is huge. These videos NEED TO BE ADDED to Netflix one day. A lot of us would benefit from it 🚀
👍👍
17yrs ago started trading, could not drag myself into making money for longer periods than 6 weeks. March this year, I changed my approach. Only using supports and trend lines and rsi and stoch to find saturation. What really changed though is having a record of my feelings thoughts and physical condition pre and post trading. Finallybroke through magic 6 week period of profits into 3 months period. Last month i went back to starting point with my capital, but I do not care, Finally I got into correct mindset, last month I have reduced 30% of drawdownn, and seems that next year I will start make consistent profits. Ur feelings are the most important part of trading.
👍👍
hey
Holy shit dude! You really knew what I went through. You answered and solved the problems. I might be late to the party, but thank you very much for this video.
Your tutorials are very unique, been watching a few and back-testing lightly.
Would really like to see few live trading sessions where we can observe you in action, that would be a great opportunity for us viewers and definitely good marketing for yourself, just an idea.
More to come!👍
Thank you ! This Video is one of the best I ever saw about Mindet 👏👏
👍
You are absolutely correct!
👍
wow awesome video. that pretty much sums up my learning path and lists many mistakes I got rid off and will never ever make them again. But... it also lists those which I am still struggling with. thanks!
👍
I really needed to listen pretty much all of it!
Thanks
👍Big thanks
It's properly the best video based on the sociology I have come across thus so far.
👍
This is excellent knowledge, Love it. Keep making videos.
👍👍
I wish I had seen this sooner, but as the old saying goes: better late than never.
So , thank you for posting this Godsend video, really helps me reflect on my mistakes, and for future traders as well.
All of the mistakes in this video, I did them ALL on LIVE market, with REAL money losses, huge chunk of them.. but..
I still have some money left, and as long as we still have money, all is not lost;
There is no better teacher than learning the hard way from real firsthand experience.
I left all my regrets right here, right now, and I am moving forward with my better self starting from today.
October 16th, 2022, marks a new beginning, a new chapter;
A new me.
👍👍
hows ur trading lifestyle now
I love everything about you. Youre a genius and your voice wow. Yes you are perfect. Keep them coming. You always keep us traders on our toes. Your content is priceless. Youre the young Mark Douglas XXX ❤
Thanks a ton! 👍
having experienced most everything here to some degree, quite useful, thoughtful, sound and realistic advice.
Amazing guide Secret Mindset I follow you greatly. I blew up all my demo trades well before I could start real trades
Thankyou. Always great advice well explained from this channel.
Glad it was helpful!👍
This is the best trading channel I've come across! Thank you!
I know right and he's got a cool voice. He must wake up and do the audio straight away 😂
One of the best mindset videos for traders. Thank you for the sharing the knowledge.
👍 👍
I didn't find this chanel by mistake reality knows i needed it
👍👍
Amazing. Things that we're all already knows, but strangely, we make a point of forgetting and wanting to think that this is not so.
👍 👍
One of the best videos on trading psychology. Thank you!
👍
Thank u
👍
Very valuable information.....
Thank you for ALL your vid’s, thank you for your Wisdom, Namaste 🙏👍✌️
👍👍
One of best stock trading channel or call it number 1 in whole RUclips . He is very genuine and care for everyone . God bless him with good fortune and health .
Much appreciated 👍
You’re awesome! I’m really grateful and inspired right now.
Thank you very much 🤙🏽
👍
THAT WAS FREAKING ExCeLLENT ! thank You Vlad ! :-)
👍 😬😬
Absolutely True that if you hold your lose, you will lose.... I can realize it very much...
👍
Damn the content 🔥these editing though🔥🔥
👍👍
@@TheSecretMindset u should start teaching editing too🙌😍😂
this is the most adaptive psychological video that i heard so far♥️💪
I can relate with every word 👍
👍
Yes Sir, you're right. It's happen to every trader. I face it so many times. Thanks.
👍 👍
Simply the best video out there, thank you Sir Marius 🙏♥️
Wow, thank you👍
All of content are true. and you are greate teacher.I'm Learning a lot from your all the videos.Thanks a lot
👍
learned how to properly manage my money thanks to your trading tips.
Great to hear!👍
All of the mistakes he said here is what i am doing right now😅 thats the reason why i am losing my trades. Thank you for sharing this. Im hoping to be one of the profitable traders out there someday.
You got this!👍
Masterpiece ...
👍
I like that. Feeling uncomfortable at a point in your trade, may just be your best exit.
Damn this is good information from the TSM.
👍
Grate content. Just as always. Your one of best. Hope you keep it up long :)
👍
Thanks for sharing video. Your voice is lovely.
👍
This Video is insane!
Every day I am getting better at dealing with my emotions and this Video improved them again! I am using your 1 Minute scalping Strategy mostly on the NASDAQ in the morning (from one hour before the Open until 30 minutes before the Open at 9:30 in america) and it works perfectly!
But I use it in combination with a little Bit of Higher time frame Analysis (Trend and Support and Resistance).
Thanks for all of your great Videos and your Trading course!
👍 Much appreciated!
I’ve Recently Learned, from over the past Several years of Failures, to Focus on 1 Asset. For me, it’s Options on the SPY on the 5 Minute. I’ve now Learned to Only use the Fibs or the Swing High or Low Breaks on that Timeframe, or Breaks of Previous Daily High or Low.
It Took a Long Time to Come to where I am at Now, with Tens of Thousand’s of $ in losses along the way.
I Now have a Set Entry, Stop and Take Profit OCO order that fills Automatically, when I Enter a Trade.
👍
So good I wish I could like it more than once. Thank you.
Wow, thank you!👍
I really appreciate all your videos but this one rejoin me even more. This one really show almost all the struggles we deal daily as a Day Trader. Thanks for your contents creation and please continue to bring us more of them and more of your knowledge 😎
👍
“waste of mental energy “ very insightful psychology 🙏
👍
Do you do forex ? And do you know any courses that'll teach me how to trade forex?
Trading and therapy at the same damn time! 🤙🏻💯
👍👍
i definitely need to hear this. thank you for this great content. ❤️
You're so welcome!👍
Spot on video. This is the life of many, many traders. Great trading psychology video. Thank you.
Much appreciated!👍
Thank you! I find your video's very valuable ...
Glad you like them!👍