 I have not having a game plan. You see how sad this guy is. It's really sad You know what it's got really sad is sad because he didn't have a freaking game plan. Okay? Now this is common amongst 95% of the foreign traders in the world People just go and they click click click click one click buttons You can be the best trader in the world if you don't have a game plan your screwed. You know why? You know why because when you go into a trade, okay? You need to plan so you go into a trade the market can be very irrational You go into a trade, you know where you're stuck. It's not just about knowing your stop loss on your take profit It's a lot deeper than that. You need to plan ahead of time and say to yourself if the market There's a lot of ifs for somebody like me. Okay. I'll tell you what I do now When I go into a trade, right? I like to plan ahead. Okay, I say to myself. Okay, this is my stop loss This is my take profit if the market gets here. I want to take out x percent of my trade If the market gets here and I see a variation of income This is what I want to so I always have like seven different Criteria that might happen seven not criteria seven different scenarios that might happen And I also write what exam what exactly I'm going to do if the market reacts that way That way I don't leave my computer Come back see something crazy happening panic and then mess up my trade Okay, I leave my computer when I come back if something irrational is happening I just simply open up my game plan chances that I have already prepared for it and I've said I've set down I've written out what exactly I'm going to do in case that kind of thing happened Okay, so because I've written it down. I already know what to do. I just follow it and then I do it Okay, so having the game plan and put you I will put you yes Yes, yes ahead of your trading pairs. Okay guys It will put you, you know on the on the top radar the top 5% of traders that are successful and profitable in the world Okay, because when you don't have a game plan You just start panicking confusion. Okay, especially once the market goes in the opposite direction remember those remember those traits that I told you guys about that I had over 18k plus in profit now if I I mean I had I had a journal that I was journaling for that. I had a risk management game plan But I didn't have an overall game plan I was simply writing down the race to reward canceling out blah blah blah because I thought that that was the most important thing Risk risk management is very important. However, your game plan has also equally as important So you want to write down exactly what you want to do in every given scenario because sometimes You might have your take profit at a certain level the market might not get there and start reversing What do you do? Do you sit on your hand and wait for the market to come and hit your stop loss after you've seen all that profit? Just because you've got 10 pips of your take profit and you didn't take your for take profit Does that mean you're going to let the market slide? No, you need to have a strategy in place That's going to make you maximize get the best out of the market that is moving in your favor That's a game plan to get the best out of any market that moves in your favor Okay, that way you're prepared and you're able to make some good money. Okay Like I say here the proper thing to do is to plan your trade ahead of time. Okay plan plan plan is very important All right, guys, so I hope over to the next one chasing the money not pips as you can see here I've got mr. Tim size Tim size Tim size. I don't want to call myself Tim size. Good. It's a lot of cash Actually, I should use this for Unrealistic falls. Yeah, this is the picture. I should have used for on realistic loans. Okay chasing the money not pips now I'm not sure this is not like I see a lot of people come into this market. They're trying to chase the money They're trying to chase the money. They're trying to chase the money. Okay. That's the wrong mindset You have as a trader because when you start to chase the money, okay Your emotions start to play up Your emotions start to play up. I'll give you a typical example For instance, you're in a trade and then you've moved your take profit. You're taking a nice trade And then you moved your take profit all the way to where you should be and then you're seeing the value of your take profit It's looking like 2k. You're like me 2k looks nice But if I if I pop another position or if I double this position Does that mean I could put it 4k? That means I have 6k at the end of this trade I mean the analysis looks great. Everything looks nice Oh, this won't hurt, but man 6k 2k, 6k, oh shit, 6k is a lot of money You know what I'm just gonna do is if anything goes wrong, I'll pick it closer And then you take or you place another trade. Let's say you had two lots Now you've got to place an extra four lots. I mean moon everything up there like yeah, 6k I just need just you're like god. I need this one trade to pull through And then what happens you've gone and placed you've gone way above your risk management threshold And you've gone ahead and placed that trade and what happens the market starts to move against you And that's how you've wiped out all the games you've made prior to that trade And possibly you're now in the red. You're now negative You're now negative on your p&l balance Okay, so that's why it's not chasing the money. It's not it's not usually advisable chasing the pips Chasing the pips. I want to bang more pips I want to bang more points in the market than that because what happens when you chase the pips The money follows. It's not the other way around. Don't chase the money chase the pips You chase the pips you chase the pips because you want Your mindset should be about winning the trade and not making the money The reason why I'm successful in this market is because I like to win I like to win trades. So if I see a trade is not exactly Within my purview, like I don't understand what the market is doing I'm going to leave it alone because I'm going to lose. I don't want to lose a trade I want to win the trade. So when you have that winning mentality, you just want to win trades Then money will follow because for instance any time you win a trade obviously you make money So forget about the money focus on what's important, which is winning the trades Okay At the end I said I will strongly advise you focus on how many pips you Pips rather how many pips you're making rather than how much money you're making This is one of the best things you can do for yourself as a first for a trader. No lie guys No lies. So follow the pips enough the money onto the next one Oh my days and losing straight Guys I'm telling you I'm going through this fast. I'm gonna cry because I just I'm thinking about myself Like I can remember back in the days. It was terrible. Okay Now why are you losing straight happen? Okay This occurs when you actually have multiple losing trades at a row. That's what losing streak is So you place this first first trade in carriers in account for the most blown accounts in the forest industry Guys, can you see this guy cry? I feel so sorry for him because Maybe Especially when you know, the market is not just cooperating. It's possible for the market not to cooperate It happens all the time and then you have one losing trade two losing You can have up to five six losing trades in a row. Okay Now after losing two or more trades in a row You tend to become very emotional. Okay From being sad to spiteful and then worse revenge. Okay, you tend to want to make your money back And this leads to a series of series of even more losses Okay, this leads to a series of even more losses revenge Because of two losing trades you want to make that money back. Remember that first story I told you in that big enough video about me having seven hundred dollars I took it up to one one and then I lost that I lost a bit of money And then I was so spiteful and vengeful I think my last three hundred dollars and then My money was gone. It's gone forever Okay, and then now you're down to 50% of your capital You start risking chunks of your capital with the hopes of restoring the funds back to his initial capital Okay That's what happens You're back. You're down to 50% you're feeling to yourself. Shoot Did I get here? Okay, how the hell did guys I know I'm speaking to people out there who are who actually go through this stuff It's absolutely crazy. Okay And I need to I need to take this a bit faster because I don't want the video to be too long Now this is usually never the case you never make that money back This is when traders often get wiped out and are left And are left with less than five percent of what they invested literally I've seen people I've seen a man who's got 30 000 euros By the time he was done training that company he had 15 He had from 30 k euros to 50 from 30 k euros to 15 euros With my two eyes. I've seen it happen. So what then happens mess is that you start feeling worthless Guys, I must warn you this market is like You feel so hard-broken So hard-broken like you wouldn't even believe it. Okay, you feel really sad. You feel worthless and so on and so forth However, my advice to people once they start feeling like this is to close your freaking laptop cut yourselves from slack Okay, cut yourselves from slack close your laptop go and spend time with your family You need to clear your mind because I when you're in revenge mood, just keep making more mistakes Clear your mind and go spend time with your family quick Go on and spend time with your family talk to them go out. This is when you should even spend money I'm telling you from personal experience go on to spend money spend time with your family and you know come back to the market with a clear Clear mind. Okay, so that you can take on the market now. I do have a solution Okay on how to overcome losing stress. Okay. I have a methodology. It's called maximum drawdown. Okay Now listen very carefully to this aspect Drawdown simply means losses a maximum drawdown simply mean maximum losses in simple terms What's the maximum amount of money I'm willing to lose? Okay? This acts as my second breaker whereby if I lose up to 20 of my capital during a period of one month I automatically stop trading. Okay with a risk of three percent I will need to be around six times in a row So I have basically what I'm trying to say is I allow myself Be wrong six times not that I allow not like I want to be wrong six times But if I'm wrong six times, okay, I know that okay, that's it for the month Okay, I've only lost 20 percent in 20 percent is a lot But 20 percent is better than you taking your account from 30 k to 15 30 k to 15 euros Okay, are you getting my point? Okay. So when I come back next month, I feel refreshed And I still have 80 percent of my capital to trade with you see when you have this mindset you are a lot more confident You're not scared anymore. You're not scared of all my days. I'm not gonna you're you allow yourself to breathe You allow that area you allow a certain You allow room for error You need to allow room for error because you're not a machine. So it's okay I have six trades this month that I can afford to lose before I stop trading And if you're if you're a really good trader if you've actually been on on our course Chances of you having six losing trades in the row is very slim Okay, very slim because we then step in especially if you're on your life We then step in and try and help you, you know to win some more trades back I would obviously say I always send analysis to all our students and our clients And our RM investors as well. So I always send our trade analysis to them, you know So if we see that, you know, you're a bit shook and all that would send you some really decent analysis like Hey, follow this trade and so that you can get yourself back on track. All right So I'm just saying the worst-case scenario for me is 20 drawdown Once I've lost six trades in a row then I'm stopped trading. I'm gonna go spend time with my family I'm going to travel planet trip. Probably not even trading the next month and then I can come back refreshed. Okay With this method, okay, I have been able to save myself loads of money and resources. You have no idea Okay, I've been able to save myself so much money time pain You know read my reputation. I've been able to keep everything intact because you know Like the guy I keep telling is the little things in trading that count the little things in trading that count Maximum drawdown is very important if in one month you have six losing trade bounce Who do something else leave your account? I promise you you're gonna come back refreshed Especially I'll tell you something. You're very good tricker when you just come out of a very losing state And then you finally find your way out Like not in terms of trading your way out But you just you come out of that losing state like you detach yourself from Close your laptop again and then you go spend time with your family When you come back you look more intelligent All the stuff that made you lose money before you you know all the stuff that made you lose money before and you You you're automatically you're automatically able to spot it like that Okay, you're automatically able to spot it like that So you come back I guarantee you that your next three trades after that are gonna be winners And guys with a 10% reward on every trade place He only takes you two trades before you're back to break even only two Still keeping your risk lower three percent only two trades before you know if you're back and break even so why don't Why don't you employ this strategy have a maximum drawdown of between 15 to 20 monthly? Okay If anything happens 15 percent I advise for 20 maximum and then you stop trading Go spend time on your family. They love you. They want to see you. Okay. Go spend. Don't don't be sad guys I know people who are strong people out. Can people I've had people coming on from cry I'm telling you trading psychology is very important. These are traps people fall into all the freaking time That's why I'm taking my time out to explain this to you guys Shout out to those of you who stayed till the end of this video. Okay You guys are actually the root MVP that you guys are the ones that are actually gonna make money in this market. All right Now last but not the least is to master your trading psychology. Okay Now you know yourself. You know what makes yourself tick. Okay, this comes over time But it's very important build your trading mindset. You're not doing this for the money Stop opening multiple trading accounts. Don't have unrealistic goals. Chase pips are not money Okay, and most importantly have a maximum drawdown. Okay Understand the fact that you need to be a sniper trader. Don't just come out and be clicking button bang bang bang. No You need to look at yourself as a sniper. All right Snipers don't come out except they go a target. Okay. They come out only when they go a target They come out. They shoot the target down With precision shoot it down and then what do they do next? They go and chill They go and chill and then they so I consider myself a sniper trader I like to wait for the market to be vulnerable. Let it come to me be vulnerable So when you're vulnerable, you come to me. I'll come out there snipe you and then you're done Come okay. I think it's basically me. I send out my 3% Okay, I look for a good market opportunity bring my 3% out say Bring to me back 10% like it Okay, if I don't see a clear opportunity, I'm not sending out my 3% I'm on my 3% is to get to me. All right guys. So master your trading psychology You really need that guys guys These are part of the things or these are the kind of things we teach of the course and a whole lot more Literally, I spent two weeks teaching you trading psychology calming you down making you comfortable with the market holding your hand and coaching you And last but not the least clarity equals success. Okay Now once you've been able to at this point, it's probably going to take you now for those of you who are Trying to learn by yourself. It's going to take you 12 to 18 months. Probably even not more probably about two years Sorry, it's something just bothering my chest Of months of failure and inconsistency. Okay Before you start to realize the mental traps in the market might take you longer Okay, but on the course we bring it down to about 12 weeks. Okay 12 weeks, which is about three months. Okay So we break it down, you know, we teach you in 12 weeks all the traps Everything that you most likely face in the market teaching will help you overcome it in a very short period of time We basically make you a very good trader In the span of 12 weeks by teaching you all the experiences we had all the strategies all the do's and the don'ts Guys, you have to understand that you can read all this stuff elsewhere You can read about the market. You can read about technical analysis But what we bring what I bring to the table Is the do's and the don'ts What you do what you should do and what you shouldn't do Okay, they don't they don't it's not written anywhere on the internet. It comes with experience So I teach experience and that's why I'm teaching you in this video. Okay So once you're done with the course you will now understand that the market is not a place to flip your money But to grow your money. Okay, your technical analysis become very spot on and you're not rushing in and out of trades You become very calm and collected such as a sniper that is going for a spray very precise Okay, now this is when you start to see real success and your account starts to grow consistently Okay, and I have congrats there as well. So Guys, this is pretty much what I have to say about trader psychology Very very very very important topic. A lot of people just want to put money into the into their account and want to start trading And that's why I'm talking to you that has refused to make a conscious effort to take that bold step Into making your trading a better one. I'm talking to you who doesn't want to listen You need to have a very good trader mindset You will never be successful in this market if you don't have the right approach And these are the kind of things you need to know somebody needs to put the stock into a head Okay, I see a lot of people they'll rather spend two three thousand five thousand pounds in the market trading the market and using The arm than to pay somebody pay to get a course for throwing to teach the market trader just run away Okay, I got a lot of people DM me and message me. Oh, this what do I do and all that? I'm like guys. I can't help you. I can't I mean I can speak to you over the phone and try and find out What exactly the problem is but there's only so can you see how long it took me to put this together? Good, I can't tell you all this stuff over the phone. This is something I need to do on a one-to-one basis. Okay Hi guys now. Thanks for watching that video For those of you who stay till the end means absolutely the world to me I hope I've been able to impact you guys with enough value for today Now you you you know You basically get a clear picture of why a lot of traders tend not to be successful in this market They're just little things that just clean up in their head as to why they are able to you know Consistently make money in this market. I hope I've been able to connect some of those thoughts that missing Been able to paint the best picture for you guys for all the upcoming traders out there who are DM You mean messaging me put us to you guys put us to you guys who want to take your life to the next level You know, and I'm actually really excited to see a whole lot of very young traders now for those of you who want to contact me I'm going to leave my instagram handle In the description of this video and obviously for those of you who already know my instagram handle is I am I am on the school dapple hit me or follow drop me or follow DM me tell me Yo, this is the challenge that I'm going Book a phone call with me. I'll get on the phone to you. You know, everybody has access to me All right guys, that's it for this video on trader psychology Please don't forget to like and comment if you'd really like if this video really helped you Please like and comment. That's how I'm able to grow this channel. All right guys, I need to get my subs I'll be able to get my subs if I need to get my subs off guys Catch you later. Bye