 What's up everyone? My name is Alex. I'm one of the co-founders of MyInvestingClub.com and I want to let you guys know about something special we're doing for our viewers on YouTube. So the most common question we get asked is, you know, how do I start day trading? So what me and my mentor about is we create a free two-hour mentorship course for the brand new trader. It's going to be available at MyInvestingClub.co. The link is going to be right here. This is a free webinar that reveals our 12 secrets that every single brand new day trader should know before they start. I also want to let you guys know about something that's very unique to MIC. So if you have any questions about trading or you're curious about trading or you don't know if MIC is the right fit for you, now you can text our head mentor, Tosh, whose number is going to be right here and he'll answer all the questions that you have in less than 24 hours. Thank you and enjoy the video. Good morning, guys. It's Tom Diesel here on another episode. Hope you guys had a great weekend. Today I'm going to go over one of the most important topics for us as traders, which is CBT, Consistent Profitable Trader. I did that first episode last time, but this topic is way too complex. So I'm going to start doing it by pieces slowly. So today we're going to go over what is really holding you back from becoming a CBT, which I listed a bunch here, which are the obstacles, right? What is like being holding you back or like being stopping you to become a CBT. And I've come across a really good quote, so I thought I could put it here. It's really nice. Sometimes life gives you obstacles and obstacles that may seem unfair or too extreme, but you are given the choices, right? Break through the obstacles or let them break you, and that was my situation back then when I first started. I had so many obstacles, I started with a small account and at that time I couldn't be able to actually pay myself or to live with it, so I had to drive Uber and everything. Yeah, but long story short, I've just highlighted what are the key points or the main thing here that you need to focus on, or those are basically my obstacles right now. I mean, I'm consistently making money, yes. But it's like there are so many things that I need to work on still every day. And as a trader, there's no way you can eliminate those completely, right? For example, like my patience or discipline, I'm still working on that every day. Even sizing, sizing is my biggest issue. It's all relative right now, right? Based on your account, I don't know what's your optimal size or your average size would be. It doesn't matter. As a trader, you might be starting with 100, 200 shares or 1,000, 2,000, 10,000 or 20,000, but they're always a level that you want to improve, right? So it just really doesn't matter where you are at right now, but so I'm going to go over that. And at the end, I'm going to go over some of the Q&A questions from the after hours today. So yeah guys, let's get on to it. So what's holding me back before when I became a CPT was that I don't have an edge, like I didn't have an edge, right? I don't know, you know, I know how to trade, but it's more like I couldn't find the real edge for myself. It's easier said than done is like we have all the strategy that posted on MIC videos. Yes, we all know that, but it's still like the real time executions is so hard. The mental framework so that you can execute, it's more like nobody knows you as well as yourself, right? But sometimes it's really significant to look into the problem. Like in the mirror and you can see both, you know, your strengths and weaknesses and one this realize, I mean, you can implement, you know, a good strategy or good plan on it and for for an edge, I think every business needs an edge, right? It's like I spoke, you know, I talked about it last time in my last video and treated like a business, right? And you want to find as you open a business, you want to find a best product, right? And the the one that's going to sell the most. So every business needs a niche and so does every trader need to find his own, like, you know, to become successful. And I mean, the edge, it has to be in your total comfort zone, you know, it has to be, you know, your bread and butter play and set up. It's it's really it's also needs to focus on your strength and, you know, why you avoiding those as a person, those who are witnesses as a person. And my edge and strategy usually always fit perfectly, you know, with my personality, you know, for, for example, my personality is that I'm not patient, right? And so that's why I like scalping the most because I could get in and get out quick. It's like, I want fast money. I'm not being able to, you know, to hold the stock for like the whole day. And, you know, I don't have that kind of patience. All right. So this is the Q and A having this thing win way, but loses a way bigger due to size. So never think, yeah, this is what exactly what what I've been just telling now is you don't have to add on the way up. You can also add back on the way down, right? So think about that. And it doesn't mean that you have to get in full size really on the way up because sometimes it could really squeeze you and you could end up losing much more. And so try to, try to find, you know, a spot that you could add back and to bring up the size with good risk reward being greedy instead of blocking profits along the way, not expecting my stop, panic answering. Yeah, I think that the video I did on that was was greed and process. I just show it to you greedy is the, you know, it's really big part because that's usually when you think you're not making enough. And but I think you just have to accept on, you know, accept the fact that it's going to be like that, right? As human, we always want more. So you have to kind of know what is the amount that you're comfortable with. It's like, because I think money is something that really, I mean, the greed in there is really big because sometimes you're making 1000. It's not even enough. And then now you're making 10,000 and you want 100K. And when you make 100K, you want one million, right? So the greed is always going to be there. But you have to come up with a plan and take the profits along the way. Try to use trail stops, maybe. And that's how you can become like being patient with that. And I explained that on my greed versus a process. And every day, you want to have a look at that, being able to accept the profits, give it all back, being scared of making money out to lose it all. Yeah, this one I have, I was struggling with that a lot. And when I come up with that, it's like, whenever I'm up on the day, I don't want to lose back 30% of my profit. And let's say I'm up 1000, right? And I have to, you know, I'm green on the day, 1000. And I said to myself, oh, right, that's not enough. I want more, right? But more doesn't mean that you're going to raise that all back. You know, try to use 30% of that, you know, try to use the money to make more money. That's what I've been doing. It's like whenever I'm not up enough on the way, or I think I'm not good enough on the day. Yes, I'm breaking my rules. Yes, I'm not having a discipline and sitting away. So I try to do it systemically. It's like I'm using 30% of that gains to be able to add on the rest, right? And to be able to trade something else. If I'm making, you know, a good amount, I'm going to, you know, use that 30% again and again until, you know, I hit that, I have to start for the day. I don't want to give back all my profits. That's what that's the way I've been doing for a few times. But it's really a breaking discipline. And but you're breaking discipline with a plan, at least, right? It's better than, you know, breaking everything and try you give it all back. All right, guys, have a good weekend and I'll see you on the next one. Take care. I might see already general trading questions. Please text us using the number here. Also, stay up to date by watching some of our most recent videos right over here.