 Otherwise, that's why you have to measure your your your trading over like say for example a hundred trades Yeah, you have to measure it because of the law of large numbers. You can't just say Oh, you know what? You know, I've taken ten trades and you know, I've lost. I don't know. I've lost seven and I've gained three because Do you understand the law of large numbers and what it's about? No, you'd have to go into right. Okay. Just just just quickly. We all know that If you flip a coin long enough, yeah, you should get to 50 50, right? Yeah, yeah, right, but if you flip a coin, let's say for example ten times and You get five heads and heads represents, you know, maybe, you know, you're losing trades Yeah, does that mean the next five that you flip? Yeah, it's going to be Winners no Because there you go because we because every trade is random. Yeah, and like like just like every coin flip is random Yeah, so so, you know, we don't know when those wins and those losses are coming so to take only ten trades, yeah and You know, maybe get seven losses and let's say for example three wins. Does that mean that the You're winning your win rate and win races nonsense anyway, but Your win rate is it's 30% that's what that's what traders would say. I win rate is bloody 30% It's nonsense Yeah, exactly. We need a longer You need more as yeah, you need to do much more trades than that. You can't just do that that little man say There you go. Yeah Would you would you turn around and say that that the coin that you flipped that's got seven heads and free tells that it's broken You wouldn't Because you know, you know Like deep down, you know that if you flip a coin and you keep doing the same flip You're not flipping it off off the wall. It's not in a table or anything like that You just literally letting it drop letting it drop on the ground letting it drop let it be true that you will get to 50 percent yeah You will get to this to this To this number and it's exactly the same thing in trading. Yeah, none of us know when the wins and losses are are coming yeah, so If we can understand this from a psychology perspective Because psychology really is everything it really is everything. Okay. Yeah, it doesn't matter what I give you It doesn't matter where you go whether you whether you trade with me whether you trade with anybody else. It's just no Strategy is going to work unless you understand and really understand because you can understand these things But when you're in the trade, you know You're still freaking out if you're not mean and it does take time to get to that point because everybody wants to make money But this is why I say if you're trading at point one percent Yeah, or let me put it another way if the if your next trade if the trades that you're taking you You know every trade that you took Was Tempia trade so whether you won or lost was tempia trade. Yeah If you lost ten in a row Would you freak out for losing a pound No, no, you wouldn't even maybe a bit frustrating the fact that you keep you know You're losing but would you would it would with it would you would that pressure of? Finances like broken. You know that was it wouldn't really affect you. I mean in that sense, right now Let's fit that where you're trading a hundred pound of trade. Yeah, and you lose ten in a row And you lost a grand Oh Right so the sort of sort of point in trading zero point one percent of the total capital is is is it manages your psychology because even if you Was to with lose ten in a row and I lost 15 in a row bro I've lost 15 in a row. Yeah, and I came back from it. It's just like maybe about three four years ago and As frustrating as it was because I'd managed my risk It didn't affect me as far as my psychology from an account perspective and trying to revenge trade If you know, yes, yeah, yeah, that's what that's the worst. Yeah, and it forces you to still stick to the process. Yes But follow the process over everything because this is all the law of large numbers the you know the You know the break even the You know win rates losing rates, etc. All of this all of this is all to do with psychology And once you understand these things, yeah, and even you understand for example You know good risk award, and I'm sure you've seen this in the sense that You know, I always told traders to go for two to one or one to two So, yeah, what I mean by that is For every single trade you must attempt to go for and this is what I was told For every pound you risk go for two because your win rate just to break even Yeah, is 33% anything more than that and you're up See even if you're winning at 40% overall And you're going for two to ones as a minimum Yeah, you Mathematically are making money Yeah, you are yeah. Yeah, and I can I can I can literally I can physically show you that I can show you that then if you've seen this Then if you've seen this this video here Have you seen this? I don't think I've seen this What's the touch of this one? Basically, it's I think I asked this is more of a private video But I did put this on on YouTube of maybe about a few years ago, but let me just show you quickly what this is Yeah, what what? Mark had asked him to do was to Was to basically create a piece of software where you can visualize What a 40% win rate or 50% win rate and change the risk award would be over time And it randomizes it. Yeah. So what we've got is heads you win 200 tells you you you do you minus 100 Yeah, probability is 40% sort of win rate. Yeah Yeah, and then we can do that. You do the cycles etc etc and it tells you that the rate of heads and tails Yeah, so We've got a 40% win rate and when we do win or when it hits heads It's double up and tells obviously you lose Yeah, now no matter how many times I ran this Yeah, we would always get the same result. Which is this Just speed up a little bit That's your map. I just just go to this. We always got this. Ah Yeah, you always you always you always up. You're always up. You're always up. You're always up Yeah, now what I want to show you is this I do want to show you is this. Yeah, it's this bit here now So obviously the bottom number is the number of flips Yeah, so the number of flips. So let's say for example 80 flips Yeah, so that that'll be like 80 trades You still there? Yeah, I'm sorry. Okay, brilliant. Right. So 80 trades now. Let's just focus on There To here. Yeah, forget the rest of it now. This is your equity account Right here This is what I'm just looking for something here we go. So here we go So imagine you start trading you take up to 10 trades and Your account is a brilliant Excellent, you've reached the new equity high, but then you know you get drawdowns, which is you know, which is what happens Now over 20 trades you're back down to here. How many traders do you think? How many traders do you think? Yeah Would stick with the same system After seeing the equity higher maybe around about 800 pounds 700 pound and then you're back down now to probably maybe about 100 pound How many traders do you think would go through would say I don't know what a strategy doesn't work. It's nonsense I'm gonna go with something else. I think quite a lot to be honest If they're quite if they're quite new as well and they sort of seeing all this get rich schemes or whatever We'll look at it and say this is rubbish from even on to the next one. Yeah. Yeah, absolutely Right the pain because this is like pleasure And this is pain, you know to the downside draw down your going through, you know, 10 11 12 We're not making and this also as well. This could represent potentially a month of trading Yeah, this could represent two months of trading Yeah, and imagine you taken now 40 trades Yeah, now you've got back to your maybe your equity higher, you know over made from 20 to 30 trades 35 trades And then all of a sudden boom You're back down to here again This whole 40 trade sequence Could represent two months of trading That's pain. Yeah, that's it Strategy don't work Leon's nonsense all that bullshit. He's a scammer go into the next one You know, I'm saying and then It's just gonna repeat the same thing because none of us know when the drawdown is coming It's coming. Yeah, you could join me and then we could stop you could stop from here and Then all of a sudden he's I'm saying it's like, oh my day. Yeah strategy in the world He's saying it's it's fantastic. I'm making new highs. I'm making money But then when the drawdown comes it's like, you know what this is bullshit Because you could have joined right here, yeah That could be today's date and then all of a sudden You join here because none of us know again when those losses are going to come when that drawdown is gonna come Well as we've already seen Yeah into the future as long as you stick to the plan mathematically The question I always ask traders is with all the analysis that we do With the fundamentals with the sentiment with the strategy itself, you know, technically Can we be right more than 30% of the time over of course we can yeah, we are So I'm saying and we are yeah, we have drawdowns. Yeah, do we have losing a losing month or two? Yeah, but we still stick to the process You know, there are hedge funds that have losing years. They might win, you know Eight years and lose and lose two years during during those two years of losses Maybe you have to endure the two years. Yeah, you have to you have to But what makes but what makes a hedge fund in your watch what makes a hedge fund is is the family got investors and things like that but you know people to answer to but You know, would you then throw out? Let's say for example, you had two three winning years and then you had one losing year Would you then just throw out the strategy? No, you wouldn't because you over all you cut a bigger picture you won more times. There you go It's just about it's about a bigger picture And managing risk and let the rewards run let your you know your risk reward Don't always go for two to one I always say two to one minimum try and go for three four five two ones later run, etc so in fact If you're if you're you know, if you're going for like one to three risking one again for free pound Your break-even rate is actually 25% mmm The only thing you have to do is just stay in the game and and follow the process as As as as closely as possible flip the coin as closely as possible consistently Yeah, and then you're going to see this Yeah, I can't tell you when I would like you straight away. I would love it straight away Yeah, I would love it to be straight away But anyone who's telling you otherwise and this is I'm telling you this is the reality You're not gonna hate it from nobody else me. No one else you're gonna hate it from Even though whether you've heard this from anyone anyway in the first place, but you're not gonna hear this from anybody It's the realities of trading Yeah So I'm not gonna sugarcoat it. I'm not gonna, you know, tell you that yeah, you know This is the right one you and da da da da da. I'm gonna try and help you as black mark help me As long as you're putting the work in yeah, as long as you put the work in I'm here for you So if what I'm saying resonates with you why not check out trading 180 comm there is a Selection process to trade my supply and demand zone for X strategy. I'm only looking to work with Individuals with the right mindset, you know, who are hard working as well. So Check that out and access really for less than one pound a day This some of the strategies in here are not for beginners So if you don't know what supply and demand is please check out all of my Supply and demand videos. I have hundreds of videos on YouTube. So you can check that out first Guys take care and until the next video. Have a good one