Lord Krishna said that in Bhagavad Gita centuries before Ben Crowe. "To action alone hast thou a right and never at all to its fruits; let not the fruits of action be thy motive; neither let there be in thee any attachment to inaction."
One of the best videos you uploaded, really loved & enjoyed the topic... I will apply everything you said, this will make my trading better on the psychological side & also in my own personal life! 😄
Honestly is, just got stopped out on a short, with a parabolic reversal after being up, but was waiting for a consolidation zone to lock in some profits. Was disheatening as hell.
Wow, such a good video and great points. I definitely focus way too much on PNL. I pretty much refuse to take a losing day and to stop trading for that day if I'm in the red. Definitely need to focus on the long-term strategy and progress. Thanks for this!
Great video. It's basic information that I've heard before, but because I trade alone it sounds fresh and encouraging, especially how you present it Lance. Thanks!
These videos are so helpful, especially the really compassionate and encouraging ones. Thank you for putting them out there. They’re making a difference in my trading.❤
Wow this video makes me strong I realize that my journey is full off stress because I always focus on every and each day of performance instead of long run.
Good clip and thank you. For me, the down cycles, excess volatility, and harder parts of say being more of a pure long market participant, really helps develop the mental toughness needed to be in the market. Unlike most jobs, like painting a fence, writing a program, driving a bus, or writing a document, being an accountant where life is more deterministic, the market is a place where uncertainty and the future dominate the expectation set since the market trades on the future - which is uncertain. Accepting that and adapting to an ever changing information set and flowing with it helps prevent wanting to control the uncontrollable....
that might be true but you also should be confident due to succeeding more than you're failing. if you're constantly having these losing streaks it could be that your psychology is fine but your system is just bad
@@SacredCASHcow You must have a good control of both. Having a good system while having the psychology to apply that strategy and differentiating between losses/wins per day and losses/wins over a month, over 6 months, over a year is essential to succeeding in this type of business.
@@austinshum2561 I would agree somewhat. I think success begets success. if you're extremely skilled at something you will naturally be more patient and trusting of your analysis
Obsession is neurotic and ego driven while passion is no more than a natural curiosity of understanding the subject matter. But even passion is overrated.
grazie! - bad pnl days are good because the market shows a flaw in your system that you can improve and increase the expected value of your bobble head. it is increasing your longterm pnl, it is making you more adaptable across markets, making you a more resilent trader. making you a more mentally robust trader - don't compare yourself with others, just focus on getting better every single day - view adversity as an opportunity to get better
thank you Lance. Having a hard time to continually motivate myself to continue after 4 years of studying and trading options as my losses are bigger than my wins. Your video has helped me to focus on improvement.
It seems like focusing exclusively on P/L is like looking at your feet the whole time during a hike; when you should be focusing on the path to your destination.
This is complete nonsense....If I can tell if a trade is going to be A/B/C/D then what's the point in dealing with C/D trades? And why then not go all in right at the beginning if you guys can tell?
Nobody just wins except the buy and hold people who hold in a 9 or 12 or 50 year bull market, because they don’t actually look at the market. Traders gotta WORK to win consistently and to HOLD ONTO their gains.
Absolutely great video! Meta cognition is the secret for success in any area of trading and/or life, and the way he explains how it relates to trading is just awesome, 10 out of 10! Thanks 👍
Awesome video…I just subscribed and will watch every video. Started trading 9 months ago and wow do I obsess over PnL! Yesterday was my first 1k profit day and today I profited 32.00. It definitely bummed me out but this video has shown me a better way and to stay positive. TY!
You have nothing to be sad about with a $1,000 and then a. $32- day! It’s so easy after a great day or a great morning to give it all back the next day or two. Stay focused on the process and risk management and you will be golden.
Oh man, love this paradigm shift!!! More people need this message. A red day is a lesson day that also contributes to our critical growth! Long game mentality. Sooooo good! 🔥💪🏼✨ Thank you Lance & SMB ♥️
I am always thinking that if most of your traders trading every day with a fixed number of money, I mean, for example, some of you just trade 100$ each time on a day, without using your incurred profit or loss. Is that right? THANKS!
Awesome video, great stuff as usual any links to the mindset coach featured here, would be appreciated. I could not locate anything, probably spelling his name incorrectly...💡
Reminds me of the serenity prayer....God grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference.
Don't see much difference between p&l and bubble heads, it's sounds the same just named differently , just use monthly/quarterly p&l instead of daily and focus on making your trade right every single time.
SMB Workshop: bit.ly/3vXWbAx
Lord Krishna said that in Bhagavad Gita centuries before Ben Crowe. "To action alone hast thou a right and never at all to its fruits; let not the fruits of action be thy motive; neither let there be in thee any attachment to inaction."
Just constant value from this man day in day out.
Taking the pressure away from making P&L and focusing on progress is huge! Thanks Lance
I’ve been smb video watcher for years. This is the best smb video ever posted Thank you Lance!
This man is a gangster
He hit all the trigger points that traders have to grapple with in order to succeed in the long game. I needed this today.
One of the best videos you uploaded, really loved & enjoyed the topic... I will apply everything you said, this will make my trading better on the psychological side & also in my own personal life! 😄
This guy is a wonderful mentor.
So true and helpful.. .This really picked me up after a bad red day... thank you so much !
When your bitten by the bug of trading. The number 1 symptoms of the bite is green obsession no matter what u trade😎💪😁
I needed this today, I had a great green day yesterday, and today i gave half back, red as a chili. im pissed off man
Great video and so relevant to shifting your mindset to be a better version of yourself as a trader.
So excited to see Lance at SMB!! Thanks for doing that, great video!!
Great video guys - always good to zoom out and take perspective on the bigger picture of what you're trying to achieve
Absolutely!
Thank you, I really needed this! 🙏
😎🔥
This is very high quality advice on training. I think that this video does a lot to boost trading psychology. Thank you for your video.
Great video!
Love this type of video. Also be careful people the spambot scum are here. If it sounds too good to be true.... It will cost you money
Thanks.
LANCE!!!
This is exactly the thing I needed to hear, thank you, SMB!
Honestly is, just got stopped out on a short, with a parabolic reversal after being up, but was waiting for a consolidation zone to lock in some profits. Was disheatening as hell.
Wow needed this
Thanks Lance
Great to hear these advice
Wow, such a good video and great points. I definitely focus way too much on PNL. I pretty much refuse to take a losing day and to stop trading for that day if I'm in the red. Definitely need to focus on the long-term strategy and progress. Thanks for this!
Great video. It's basic information that I've heard before, but because I trade alone it sounds fresh and encouraging, especially how you present it Lance. Thanks!
One of your best advice I have seen, thanks so much! this is gold!!!
These videos are so helpful, especially the really compassionate and encouraging ones. Thank you for putting them out there. They’re making a difference in my trading.❤
that's great Skye
Wow this video makes me strong I realize that my journey is full off stress because I always focus on every and each day of performance instead of long run.
glad you realized this!
Process over profits! Great stuff
Great video thank you SMB !
stoked to see Lance at SMB!
Us too! Amazing person.
Good clip and thank you. For me, the down cycles, excess volatility, and harder parts of say being more of a pure long market participant, really helps develop the mental toughness needed to be in the market. Unlike most jobs, like painting a fence, writing a program, driving a bus, or writing a document, being an accountant where life is more deterministic, the market is a place where uncertainty and the future dominate the expectation set since the market trades on the future - which is uncertain. Accepting that and adapting to an ever changing information set and flowing with it helps prevent wanting to control the uncontrollable....
that might be true but you also should be confident due to succeeding more than you're failing. if you're constantly having these losing streaks it could be that your psychology is fine but your system is just bad
@@SacredCASHcow You must have a good control of both. Having a good system while having the psychology to apply that strategy and differentiating between losses/wins per day and losses/wins over a month, over 6 months, over a year is essential to succeeding in this type of business.
@@austinshum2561 I would agree somewhat. I think success begets success. if you're extremely skilled at something you will naturally be more patient and trusting of your analysis
👏🏽👏🏽👏🏽👏🏽👏🏽
great mindset !
absolutely!
This is really a great video, can you please record more videos with Lance. Thank you.
More to come!
Obsession is neurotic and ego driven while passion is no more than a natural curiosity of understanding the subject matter. But even passion is overrated.
Great perspective, thanks 🙏
grazie!
- bad pnl days are good because the market shows a flaw in your system that you can improve and increase the expected value of your bobble head. it is increasing your longterm pnl, it is making you more adaptable across markets, making you a more resilent trader. making you a more mentally robust trader
- don't compare yourself with others, just focus on getting better every single day
- view adversity as an opportunity to get better
thank you Lance. Having a hard time to continually motivate myself to continue after 4 years of studying and trading options as my losses are bigger than my wins. Your video has helped me to focus on improvement.
Obsessing isn't a good thing. But it's still necessary to document it. If your PNL is consistently low, you should figure out what's wrong.
Thanks for the video. That's I have been thinking about my journey -- I would get too discouraged otherwise!
It seems like focusing exclusively on P/L is like looking at your feet the whole time during a hike; when you should be focusing on the path to your destination.
Great addition to the team!
This is complete nonsense....If I can tell if a trade is going to be A/B/C/D then what's the point in dealing with C/D trades? And why then not go all in right at the beginning if you guys can tell?
You can't really call yourself a trader if all you do is win
Nobody just wins except the buy and hold people who hold in a 9 or 12 or 50 year bull market, because they don’t actually look at the market. Traders gotta WORK to win consistently and to HOLD ONTO their gains.
Absolutely great video! Meta cognition is the secret for success in any area of trading and/or life, and the way he explains how it relates to trading is just awesome, 10 out of 10! Thanks 👍
Good stuff! Practical advice! Love it.
😊👍
Thanks Lance I very much like your videos great mind Stuff
Awesome video…I just subscribed and will watch every video. Started trading 9 months ago and wow do I obsess over PnL! Yesterday was my first 1k profit day and today I profited 32.00. It definitely bummed me out but this video has shown me a better way and to stay positive. TY!
glad you recognized that you should be focusing on other factors besides pnl
Just make sure you are not over risking.
You have nothing to be sad about with a $1,000 and then a. $32- day! It’s so easy after a great day or a great morning to give it all back the next day or two. Stay focused on the process and risk management and you will be golden.
Great Video…. Enjoyed the structured information that is applicable to everyone’s trading approach…. Thanks, Keep up the great work!
Very Important video helped me get through difficult times
the funny thing on the James Clear book is, the word stock gets not mentioned once, but it´s pure gold for trader.
very good metric! Staring to code script that will measure my ev 😍
Really needed to hear this.
damn great stuff per usual. going in my library
God bless you guys greatly in every aspect of your lifes.
Great message
Lets get the F to work and get better. I'm gonna remember that always
Expected Value is all that matters
Yeah but too many red days and back to driving uber I go.
Gem after gem for free from Lance, thank you!
Thanks for another great vid Lance!
Great video ... thanks.
Great motivation - thanks!
This is the way 🚀
Oh man, love this paradigm shift!!! More people need this message. A red day is a lesson day that also contributes to our critical growth! Long game mentality. Sooooo good! 🔥💪🏼✨ Thank you Lance & SMB ♥️
I am always thinking that if most of your traders trading every day with a fixed number of money, I mean, for example, some of you just trade 100$ each time on a day, without using your incurred profit or loss. Is that right? THANKS!
Always great content.
Thanks for this video
One of my Big problems is being outcome bassed this video greatly helped thanks 🙏
Easier said then done 🤕
Awesome video, great stuff as usual any links to the mindset coach featured here, would be appreciated. I could not locate anything, probably spelling his name incorrectly...💡
Bravo!
Reminds me of the serenity prayer....God grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference.
I'm unsure if the second time I comment on this video. But this is "GOLD". Thank you.
Hearing about Lance's journey is the most helpful and inspiring.--Helps me stay focused and motivated.
Aren't all indicators lagging indicators? What is an example of a non-lagging indicator?
Times and sales.
Great video
All I care about is CONSISTENTLY learning every day. It is inevitable that I end up at SMB.
Gold.
❤️❤️❤️
🎉
Incredible message. Great job!
These are good lessons for life, not just for trading 😜
Thank you for this brother
How do we get hired by your firm?
Very well spoken
Great video,
Don't see much difference between p&l and bubble heads, it's sounds the same just named differently , just use monthly/quarterly p&l instead of daily and focus on making your trade right every single time.
He’s a good teacher 🙌🏽🫡💪🏽
More lance. Fire Seth