Transcript for:
Trading Psychology Insights

after hitting the lowest point of my trading journey I became obsessed with uncovering what truly separates the top 1% of Traders from the rest I had a profitable trading strategy yet I still lost everything I realized very early on that strategy alone wasn't the answer so I dove deep I studied human behavior and psychology I studied the best Traders out there I did an enormous amount of research when I was working as a performance coach at the world's largest prop firm as well as Consulting for other prop firms and Consulting for some of the biggest trading education companies as well and I uncovered a crucial distinction defining factor that separates inconsistent Traders from consistently profitable Traders and today I'm condensing 9 years of discoveries into a single video and giving it all to you what I'm about to share with you has already transformed thousands of traders in 92 plus countries around the world those who implemented what I taught them saw Real Results just watch this video start to finish Implement exactly what I share and I guarantee you will gain an instant Edge in the markets comment below your biggest trading psychology challenge right now I'll help out this is what I became obsessed with what separates the unprofitable Trader the bottom 99% of Traders from the top 1% Trader the trader who can come to the market and consistently pull money every month get consistent payouts etc etc what separates this Trader what's the difference and I found something that's exactly what I'm going to share with you in this video now it's not random and the reason I know it's not random is because when I've taught this exact process that takes Traders from unprofitable to consistently profitable these Traders start to become consistently profitable as well so there's a replicable mental model that you can Implement into your trading to start seeing instant results now before we get into it I'm going off two assumptions the first assumption is that you actually want to pull money consistently from the market some Traders deep down have this fear of succeeding and this fear of actually becoming a consistently profitable Trader because it takes them out of their comfort zone it takes them out of where they're currently at in life and that's scary to them secondly I'm going off the assumption that you already have a profitable trading strategy in a mechanical plan plus you have good risk management implemented already this means that you're not risking more than 1% per trade and you have some sort of a draw down protocol where you scale your risk down as you go deeper into draw down if you don't already have this no amount of mindset work is going to give you consistent profitability but if deep down you want to consistently pull money from the markets and you already have a profitable trading strategy with good risk management you're in the right place because now I'm going to show you how you can gain an instant mental Edge to consistently pull money from the markets so what is consistent profitability well my definition of consistent profitability is the consistent execution of one's proven processes a trading plan that you have proven has an edge irrespective of external factors in previous trades so a Trader has consistent profitability when they show up to the market and they consistently stick to their trading plan irrespective of what's happening in their life irrespective of whether the previous trade was a win or a loss that's a Trader that's consistently profitable because over a large sample space they're going to approximate their Edge in their trading plan and they're going to have the reward of consistent profitability as a result now the big big problem that I'm going to give you a solution to in this video are these external factors things like previous wins and losses things like an argument with your wife or your husband or your spouse your boyfriend and girlfriend things as small as having a cup of coffee or as big as unresolved childhood trauma sitting in the subconscious mind these external factors are going to influence the way you feel if you've had a previous win the previous day or that morning you're going to be puffed up in the state of being happy and self- exaggerated and overconfident or if you've just had a coffee you're going to be very happy and self- exaggerated you're going to be feeling really good or if you've taken a previous loss or you've had an argument with your wife you're going to be in this state of being sad and depressed and down and because the way you feel is different then the way you feel is also going to alter your perception of risk if you're feeling very very happy then what's going to happen is you're going to minimize risk in the market you're going to Puff yourself into this state of being overconfident feeling a little bit invincible and you're going to minimize the risk in the market you're not going to take the risk as seriously in the market or if you're feeling really really sad you're going to amplify and exaggerate risk you're going to overthink things and you're going to make the market risk in the market bigger than what it actually is so the way you feel Alters your perception of risk and your perception of risk Alters your decision making if you're minimizing risk in the market and you're feeling very happy guess what you're going to do you're going to come into the market you're going to deviate from your trading plan you're going to force crappy trades onto the market thinking that you can take something from the market when the Market's not ready you're going to overtrade out of greed you're going to be trading based on what you want from the market as opposed to what the Market's actually providing to you so your previous win your cup of coffee these can all Impact your decision making and make you overtrade on that particular trading day or if you're feeling sad and you're amplifying risk in the market you're going to under Trade out of fear and if the market presents an opportunity that usually aligns with your trading plan you would usually take it because of this depressed saddened state that day you're not going to trade because of fear of taking a loss because of the fear of being wrong or all those components so these external factors are going to impact your decision making now so too if you have unresolved childhood trauma or trauma throughout your life that's accumulated and stored in the subconscious mind what can happen is when you experience a trading loss that trading loss through Association can resurface some of the traumas for example a loss of a loved one a loss of a previous relationship or it can bring to surface even deeper unresolved things from your childhood and what can happen is that loss can make you relive those childhood traumas and make you feel the same experiences and the same feelings as what you would if you reliving those childhood traumas so anything unresolved in the subconscious mind again is going to affect your how you feel your perception of risk and your decision- making so if you have a trading strategy with proper risk management what I'm trying to highlight here is that being able to manage your psychology and mass your trading mindset is a crucial component of being able to stick to your trading plan and reap consistent profitability as a result now every individual has some degree of a mood swing right let's let's imagine this is a weekly chart of the time versus how you feel positive negative now in all probability how you feel over a week is going to alter due to your perception of external factors for example if you perceive something really good happening to you Monday Tuesday you're going to be more on the elated side more on the positive side more on the happy side and then maybe you get some unmet expectations later in the week and then you feel a little bit down and then up and then down up and down to be fair for a healthy human being this is very normal everybody has some degree of of a mood swing some swing more some swing less now the same is true on a daily basis how you feel is going to alter maybe after your cup of coffee you're going to feel really really good maybe after a large meal you're not going to feel so good maybe if you have a really positive um loving conversation with with someone that's meaningful to you you're going to feel really good maybe if you get criticized by your boss at work you're not going to feel so good so in all probability everybody's going to swing some degree throughout the day as well now your results are going to stay inconsistent if you let how you feel and these external factors impact your decision- making and if you don't have a tool to be able to manage these external factors and how you feel they are going to affect your decision making so this is what we're going to get to so what I want you to take from this is do not expect consistent profitability if you can't manage your psychology and consistently stick to your trading plan and consistently trade the same way every day without letting your mood swings or external factors or previous wins and losses affect the way you perceive risk and as a result you're decision- making I'm going to give you a tool to be able to manage this so this is exactly how you develop a bulletproof trading mindset and gain an instant Edge you have to learn to gain control here right the moment you perceive external factors we have to have some sort of a tool or process to redefine what these external factors mean to you and alter the way you feel and then alter the way you perceive risk in the market before you make a decision so that when you come to the market the way you make decisions in the market is consistent and you can consistently stick to your trading plan you don't let your perception of risk or how you feel impact your decision- making but you have a tool or process right here to ensure that irrespective of the external factors that's not impacting your decision- making in the market and that you can consistently show up at the market you can consistently stick to your trading plan and as a result you can have consistent profitability so that your execution can be consistent or stable in other words and you can have consistent profitability as a result now the other benefit you get from this is you also have a replicable mental model that allows you to scale many Traders struggle to scale because when they go from their $110,000 account to $100,000 account all of a sudden the wins and losses are bigger and these bigger swings of wins and losses now affect how they feel they affect their perception of risk and now all of a sudden they're scared to take losses so they don't trade or they're greedy over win so they take bigger trades and more trades and over trade so being able to have this replicable mental model that keeps you stable and balanced before you trade and doesn't let external factors affect your decision making is not only crucial in having consistent profitability but it's also crucial in allowing you to scale from 10,000 to 100,000 to a million and beyond go as far as you want because now you're not letting the external factors affect the way you trade and this is exactly how you do it the first thing the top 1% of Traders do is they have a high level of awareness of what type of decision they're making just before they're about to take a trade they become aware okay am I taking this trade because of what I think the outcome of the trade is going to be because what I think is going to happen based on what I expect from the market or am I taking this trade because it aligns with my trading plan those are two different types of thinking one is outcome based thinking one is based on what you think the outcome of the trade is going to be I'm taking this trade because I think it's going to be a win on this individual trade that's not how the top 1% of Traders are thinking that's how the bottom 99% of Traders are thinking the top 1% of Traders are only taking trades because they know irrespective of the outcome of this individual trade I'm taking the trade because it aligns with my trading plan so the first thing you need to have is awareness of what type of decision you're making now if you catch yourself and you see that all right I'm expecting something from this individual trade I'm expecting an outcome a beneficial outcome a positive outcome I'm expecting $10,000 or 10% or for me to pass my funded challenge or I'm expecting for this trade to give me a win so I can post to my community so I can raise the status my status as a Trader and I can get recognition from my trading Community or I'm expecting this trade to give me a certain amount of money so I can pay rent these are all the expectations that we impose on the market on the individual outcome of the trade if you become aware of what those things are you have to get very good at number two grounding those expectations you have to remind yourself that nobody knows and nobody can predict the outcome of each individual tradeit there are millions if not billions of factors influencing price at any point in time firstly we don't know what all those factors are and secondly we have no idea how those factors can influence price so who are we to think that we can predict the outcome of the individual trade and then you want to remind yourself that it's not about predicting the individual outcome of the trade it's about sticking to your trading plan over a hundred if not thousands of Trades because you have a proven Edge you will reap consistent profitability over the large sample space the individual trade may be a win it may be a loss who cares I stuck to my trading plan I know if I do that 100 times I'm going to end up profitable so it's about awareness of what type of decision you're making it's about grounding outcome based expectations and grounding this thought process that I'm taking this trade because I think it's going to be a win grounding that because that's unrealistic that's an unrealistic expectation and then number three it's about reminding yourself all right I'm only going to stick to my trading plan on this individual trade I'm not thinking about what I'm going to get from the market I'm taking this trade because the lines my trading plan this is the exact step-by-step thought process of the top 1% Traders this is exactly what I've shown thousands of Traders across 92 countries and help them Implement and when they do their results transform now to help you implement this exact Pro process what I've done is I've broken this down into my free bulletproof your trading mindset tool you will get an actual tool that you can have right up next to you on your computer when you're trading and you can click and you can type into that tool so that it will guide you through this exact process and the tool prompt you with the right questioning with the right thought process and it will make sure you have an awareness of your decisions it'll make sure that you ground unrealistic expectations and it will ensure that you're adhering to your trading plan plan so that you don't let external factors how you feel and your previous wins and losses affect your current trade and it will ensure that you're sticking to your trading plan and as a result reaping consistent profitability so to get access to that completely free tool click the link in the description or in the first comment and download that tool start implementing it before every single trade you take and I want you to message me in a month's time letting me know what type of a difference it's had in your trading now if you found this video useful make sure you like And subscribe this tells YouTube It's valuable content and it pushes it out to a wider audience but thank you for watching to the end and I look forward to seeing you all in the next video