Overview
This lecture introduces the mindset and commitment required for a trading boot camp, emphasizing personal accountability, taking action, and following the program completely for growth in trading and life.
Commitment & Expectations
- Treat this program seriously and follow every lesson, not just selected parts.
- Consistently watch daily videos and complete all homework assignments.
- Engage actively by asking questions when concepts are unclear.
- This is a two-way agreement: the instructor provides knowledge; students must provide effort and compliance.
Mindset & Taking Action
- The first essential lesson is to take action—do not let fear or comfort prevent progress.
- Success will not come quickly; expect progress over 1–2 years, not weeks or months.
- Be honest with yourself about mistakes and strive to improve, instead of blaming strategies or the market.
- Motivation and perseverance are crucial, especially when facing difficulties or slow progress.
Learning Approach & Experience
- Forget what you think you know about trading; start with a blank slate to learn effectively.
- Don’t get distracted by promises of quick riches or "perfect" trading strategies online.
- Market experience is essential; watching videos alone is not enough—practice and observation are key.
- Progress is made step by step; don’t skip lessons or assignments.
Self-Improvement & Personal Growth
- Confidence, resilience, and being different from the crowd are important traits for success.
- Overcoming personal challenges, such as fear and self-doubt, leads to growth in both trading and life.
- Journaling and self-reflection are strongly encouraged for tracking mental and technical progress.
Structure of the Program
- Expect daily uploads with accompanying homework, some of which will focus on mindset rather than trading alone.
- Staying consistent and pushing beyond your perceived limits is required for maximum benefit.
- The instructor will lead by example, documenting his journey alongside students.
Key Terms & Definitions
- Market Experience — time spent actively observing and practicing in live markets to build skill.
- Journaling — recording thoughts, mistakes, and progress to improve learning and self-awareness.
- Trading Boot Camp — an intensive, structured program designed to teach trading from the ground up.
Action Items / Next Steps
- Commit to watching every daily video and completing every homework assignment.
- Clear your schedule for at least one hour a day to dedicate to this boot camp.
- Start a trading journal to record your learning process, thoughts, and progress.
- Be ready to engage and participate fully, including asking questions when confused.
- Adopt the motto: "We can do all things" as the mindset for the summer.