Successful trading requires developing character and self-awareness, as unresolved psychological issues from childhood (such as ego, pride, and control issues) will ultimately cause trading failures; traders must address their personal limitations and emotional patterns during their learning phase to achieve long-term success.
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Deep Dive
Day 3 of The Structureless Trading Bootcamp: Psychology For THE TRADERAdded:
But you remember that I lost $18,000 when I first started trading. That might seem like a little bit to some people.
That might seem like a lot to some people. But that was my my my the the very beginning of my learning. Guess what? That's all I had. $18,000 gone. I had my last 600 left. I was injured. I was I I had no income coming in because I was awaiting two major surgeries. I thought in my bright mind, let me just speed past the learning portion and just try to get out there and make some money without actually knowing how to read a chart. I was so ignorant. I said that I am going to learn how to do this without reading a chart. I'm going to be the first person to become a millionaire without reading. Imagine how foolish I am thinking that right while I'm in a position where I have no income coming in, while I have mouths to feed, while I have expenses that I have to take care of, that I don't know how I'm going to be able to take care of these things because of my injuries and awaiting surgery. I always talk about the time you have left, right? You have to figure out how to make decisions when you're hanging on by a thread. What did I do? I chose to be ignorant in my approach to the process and throw that money into the market trading options. This is why I went back to options. I went back to options to redeem myself. And now I'm I'm so much further ahead than what I lost back then. Now laugh at that little loss. I always talk about people not having enough money left to trade. That was me.
So, I had to figure out how to trade with an offshore brokerage, 500 times leverage, and try to live out of that account, which I did. I did succeed.
But, but it was difficult. It was hard.
There was some dark places that I was in. There was some lows. And when I thought that it couldn't get lower, it went even lower.
Right? It went even lower. Some dark places I had, there were times where I I woke up and I didn't want to wake up.
There was times where I went to sleep and I asked God to take my life. I don't even want to live anymore. I didn't have the desire to live. Yeah, I felt those ways. And I was the person who put myself in that position. I was the person who put my children in that position. I was the person who put my loved ones in that position. And like a coward, I wanted it to just all go away because I wasn't strong enough at the time to turn around and say, "Hey, I have to fix the things that I did. And it's not going to happen now. It's not going to happen tomorrow. It's not going to happen next week. And it may not even happen next month. But every day that I show up, it's a little more that I'm giving to be able to achieve or recover whatever it is that I lost due to my own actions.
My own actions. I don't blame anybody else for it. It was me. It was my fault.
It was failure to be able to look into the future and have a plan for it. I was living in the moment. How dare I know that there are people who depend on me and I'm living in now, right? Not thinking about anything ahead. I had to really shift my mindset during that time.
And that's essentially where the the I tell you guys, your discipline should match your desperation. Honoring your plan is honoring your family. I only had trend lines at the time.
only had trend lines and I would trade oil and oil would have a trend line break in the morning and a trend line break in the in the evening. Sorry, not the evening, the the PM session. Trend line break in the afternoon. So, if I wasn't there for the morning trend line break, I had to be there for the afternoon trend line break. So, when people, you know, criticize Tori trades and all that other stuff, I get it. her the the way she approaches things is just like trading for vloggers, you know, like it is something like that.
So, she gets a lot of criticism for that. But the multi-time frame trend line approach, that's what I was using, multi-time frame trend lines, and that brought me to multi-time frame structure. And then I started to understand the little details within multi-time frame structure, which allowed me to be able to take part in either side of the market. Then I got stuck trading both sides of the market and that's where things got a little more difficult for me. So then I started to have to understand how to operate on one side. And when I first started I was great at taking longs but I was horrible at shorts. So, I began to implement certain things to essentially patch up that short-sightedness in my trading that that uh the struggle that obstacle and as a result in a bull market I was just taking shorts and making money taking shorts. In a bare market, I was just taking longs. I actually learned how to trade in a bare market. But I understood that I can't trade consistently across time if I still struggle with only being able to see one side. So I had to do something to implement some change there because I know in the future the thing I didn't consider when I was actually raising my kids, right? in the future, I know that a market conditions is is going to show up and it's going to be that side that I don't like, the side that I struggle with, and I need to be able to trade that or else whatever it is I make on the way up, I'm going to lose on the way down.
So, I had to deal with me as a trader, me as a as as a as a person, as a operator in this market. I had to look at what I've done and not pay attention to that. I wasn't trading, as I mentioned in this scenario, looking in the rearview mirror. I lost that already. That was $18,000 gone, had $600 left. and trading with leverage. You can trade with a smaller amount of money and still make a larger amount of money, but you don't have to use all of the leverage. That's what people think when you have 500 leverage. People think that's crazy. You shouldn't be trading with that. No, it's just a lower cost to entry, right? Lower barrier to entry.
So, if I wanted to trade a dollar per point and I wanted to risk $30, $40 on the trade, it would only cost me a small amount in margin to be able to trade a dollar per point on a small account versus if the uh leverage was lower, I would have to have a larger amount in margin just to trade that same dollar per point, right? So, leverage is not bad. Stop making people, you know, convince you that it is. It is not bad.
Leverage is just how much you have to put up initially to handle the position.
It's a smaller amount. When you put down a down payment for a loan for a home, when you put down a down payment for a loan for a car, that's use that's you using leverage. That's what you're doing. And you don't hear anyone say, "Don't take out a mortgage. Make sure you can pay the whole thing off." You don't hear people saying that, right?
But that that's what leverage is. It's just being able to use a smaller amount, a smaller account. So if I have $600 in my account and I want to use $100 in margin and I'm willing to risk $30 per trade, but I want to trade a pair and scalp it and and each point that the pair moves, it's a dollar per point with that. So I can give up 30 points for this. Right now, I have $100 in margin, $500 in equity, and I'm using my stop to risk that $30 that is there or whatever it is that the stop is. Sometimes the stop can be $15. Sometimes the stock can be $10 based on whatever time frame I'm trading, whatever pair that I'm trading.
And I'm just scalping those little things. So, I was able to make $10 here, $30 there, $50 there. This is what I was doing in the very beginning.
And I was taking that small amount of money that I was making on the little bit of money that I had left and I was paying bills with it. Trading became real to me. The effort that I was putting, it became real to me. I was able to take $70 out and buy food for my kids. At one point, food was running out, so I was skipping meals. I was not eating so the the food can last a little longer for them. But I was so destroyed inside that I even put them in this situation. I put them in this place as a man, as as a provider, as their shelter, somebody that's supposed to protect them. The person that's responsible for raising them. I was crushed on the inside. And I couldn't even talk about it. Couldn't even say anything to anyone about it. Just crushed that I lost that much and did not know what to do.
Granted, it was going to slow bleed anyway because it took two to three years to actually get those different, you know, those different surgeries that I had and get treatment. And I couldn't I couldn't find a job that that would work with that kind of disability. I I had no options left other than trading.
Trading was the last thing. It had to work out. But what the way I approached it the first time was wrong. And I had to take a step back and say, "Hey, no, no, no, no, no, no, no. You lost $18,000. You have $600 left to your name. You are not looking to full port this. After this, there is nothing left.
So, you need to figure out how to actually read a chart, how to actually do this. And once you learn how to do this, you need to have a goal set and you need to work towards that goal with a plan, with a process. I was working towards that goal with just those little scalps here, little scalps there, right?
I was working towards that. And it became so real to me because I was able to take out $50 to pay the Wi-Fi for another three for another one month.
Sorry. I was able to take out $70 to buy some groceries. I was feeling better about what I was doing in terms of the work and the the carefulness that I had in terms of how I was approaching trading and the benefit that came from it. It only reinforced that I should continue to trade in this controlled way. So I use certain instruments that did not move as chaotic. I was using oil. I was using uh EuroUSD. I was using US30. I wasn't trading ENQ. I wasn't trading gold. I wasn't trading all these things that I wanted quick profit from. No, I needed things that were slow and structured and things that cost less to be able to get into a trade with. So those things, EuroUSD, US30, there's a couple of pairs that are there that you can use things that are a bit slower.
And for, you know, the option side, and I wasn't, you know, even going back to that because I was so embarrassed by it.
You can still use other things that are that are smaller that that move a little less, but I was able to pull out these little bits and pieces from the market and slowly build my account and be able to pay certain bills till the next month. And before I knew it, that $600, I said that I'm going to have $20,000 saved up in the next four months with only $600, right? I was delusional. At least that's what people would call me.
That's what they would label me. I used to watch certain people on YouTube and they used to be like, "If you're trading for money, you should quit. You should you should give it up. You trading for money is the worst thing. You're not going to make it." I used to hear that all the time and reject that maybe for you, but I have enough discipline and I'm going to make sure I honor my family while I'm doing this so I do not have to accept your limitations. Used to say that all the time while I was working through it. This is what people were were saying. Imagine if I listen to that. Imagine if I I even internalize that. Allow that to be spoken over me. I get that it's difficult to do, but some people are not in a position where they have another plan. They have something else that could work out for them. I was a very prideful Jamaican man. I said, I am not going on welfare. I'm not using public assistance. Now, granted, granted, I'm not saying that that's bad for anybody. Some people, that's that's the low that they're in in their life.
and and that's something that helps to be able to, you know, stabilize things, especially with kids, and then they find their way to get out of it, right? I'm not speaking bad on on anyone who chooses that. But I was raised differently. I saw a father who essentially had to take care of all of these children, and he got up every day and did what he was supposed to do without ever uttering a complaint, without ever missing a day of work. I watched him get up and do that. I watched how difficult it was for him, barely spending money on himself. I watched him continue to try as hard as he could to take us out of an impoverished situation and bring us to a better life all off of being in a single income home. And he worked as hard as he could to be able to get us where he got us. And whether the kids were grateful or not, right, he still did it. Whether things were fine between him and my mother or not, he still did it. And he I never ever heard him complain about it.
Ever. Never heard him complain. Right.
So he gets laid off in 2008, 2009. And now he has all of these kids and has to figure out whatever it is that that he needs to do to bring in income, to maintain the standard of living that we had. And I saw him get up every day and sit at the computer and he would I I don't know what he was doing on it at that time. I I was, you know, very young. Saw him sit at the computer and he would just sit there every day. He would wake up, make his coffee, sit at the computer and then when the day was done, by the time the sun was coming down, he would go shower, eat dinner, go to bed, get back up early, sit at the computer, and do the same thing over and over and over again. He was searching for something in this computer that would change or that would that would make the situation better for his kids.
So he sat there until something happened until something changed. He did not get out of that seat at all until something changed. Until something happened. And that was the example that I had. So, while I might have made mistakes in the past, I remember what it was like for someone who did not plan the things that happened in life appropriately, but they rose to the occasion to make sure that they would they would solve it, do whatever it is they needed to to change the situation for us. And he did it until the day he died. He did it right.
And that was my example. And how dare I act like I did not have people as I was coming up that cared about me so much that they did the things they were supposed to do even when they did not want to do it. They chose me and not themselves. How dare I do that to the people depending on me. That was the mindset shift. And while I spent a huge portion of my life making mistakes, now it was time to put those things away.
Stop looking in the rearview mirror.
stopped living life in the past and it was time to actually move forward and do whatever it is that I need to do in those moments. So, I wasn't comparing myself to anyone. I didn't have any groups to join, right? I didn't know there were trading communities and and I didn't know there was trade and Twitter.
I didn't know anything like that. I didn't know, you know, there's no record of me online learning from anybody, asking anyone any questions. No one can ever say I was in their discord doing whatever it is. And I'm not saying that that it's a bad thing, right? Some people need that guidance. But for me, I knew that everyone that I watched in a position where they had enough money to be able to talk like this, they all said to others, "If you're trading for money, you're never going to make it. You're never going to be able to do this." They all said that. So because I was tired of hearing that, because I knew that those words I could not accept for the life that I had, for the circumstance I was in, I stopped listening to it all and I started following just the market. Found one thing that worked that was trend lines at the time and just continued to follow that. And it became so real to me and I kept saying to myself, if I can just master this one thing, if I can just time this properly, then my entire life is set. So I got to double down on this. And I told my partner, I said, listen, the next few months, it's going to feel like we are roommates. It's going to feel like this is not even a relationship, but there's a goal in mind that I have for this. It's just I need the time to be able to do this. Some people have given you the opportunity and the time to do this and you've repaid them with disrespect. You spent time playing video games. You use that time to be online just yapping, right?
You spent that time wasting it in in Discords and watching watching entertainment or whatever it is. and they're out there busting their chop to bridge the gap for your inability to provide right now. And you've wasted so much time. And that's why they don't respect what you're doing. They consider it a hobby. They don't even look at what you're doing as any real thing. When are you going to stop and get a job? That kind of stuff should not happen if you have people that are allowing you to have that time to do this. That's disrespectful to them. That's disrespectful to them. that's disrespectful to your family. That at least that's how I viewed it, right? I'm not here to step on anybody's toes. I'm talking about me and what I felt in those moments. I have friends that I lost on on the other side of trading because those were friends who still wanted to do things to to, you know, just live in the moment and not better their lives. I used to be an Avid Call of Duty player. I used to be a I mean, my KD was 2.5, right? You guys know what KD is. you well people who play video games 2.5 right I had a a a crazy high KD I was great at the game but I have friends who were also just as good and their lives were falling apart and they chose to escape through the video games and I'm like hey I I can't continue to do this let's trade together let's learn this together and I try to teach them and they watch the power of trading they watch the power of trading actually benefit my life and I was still trying to get them to join in and they didn't want it. They just wanted the benefit of having access to the work that I did. I even bought one of them a car, but they didn't want to do anything. This were trading profits. No, nobody knew me online. You there was no Dave teachers, DTFX, whatever it was in the beginning.
I think I used to be I used to call myself one minute man, you know, all all these different names that I came up with because I didn't know what I was going to be, right? But I had no public presence. No public presence at all. I, you know, essentially had to rise above that. I had to get rid of those people in my life because they they were not they were not conducive to the the journey. They wanted to benefit through access, but they didn't want to put in the time, put in the work. And soon enough, you just have a bunch of people that are around you who just had they have their hand out, but they don't know how hard you worked to be able to place whatever it is in their hand. So, I had to separate from them to rise above that. And then the minute that I chose to deviate from what they were doing, I was a bad person. That's how they characterized me. I They thought that I believed I was better than them.
They no longer could take advice from me because my life was going in in a direction where they saw that trajectory begin to rise and they felt away about it. They they felt offended. They felt offended. You will lose people on this journey, especially when you become successful. You believe that when you become successful, everybody's going to love you. No, they're not. No. Not in the trading industry. Not in real life.
No, they're not going to love you. No, you did something everyone was not willing to do and you achieved something that's so hard for other people to achieve and just naturally there's just this opposition that they develop where they don't like you anymore or they're they're going to leave you out of things or they're going to feel inferior to you and they won't even take the help that you're giving them. But they will talk about how bad of a person you've become.
They don't want to be around you anymore. That those things are going to happen. I don't know why it happens. I don't know why. So when people talk about placing yourself in in in positions where people are doing better than you in life, that's so true because when people are not doing better than you in life, they start to pull down on you, right? They need to try and humble you. Humble tr you. You try to humble me. Trust me. Oh, I've been humbled by the humblers of all humblers, right?
Trust. I've been humble. I've ate humble pie until I wanted to throw up, until I felt sick and I had to keep on eating, right? And learn how to digest it. Yes, some Tums. So, people people try to take it upon themselves to put that on you.
And it it gets difficult because while you're in the process of making these decisions and you have to be working at the the peak level of yourself, you have this opposition that's going on in your personal life and online where people just don't like you for no reason at all. They don't even know you and they don't like you. You're losing things in real life. You're losing people along the way. People that meant a lot to you.
People that you never thought would switch up on you. You held them close, but you realize they never held you close. The only reason why you were there is because you were in the same position as them. And that's as far as they would allow you to go. And once you start to better your life, now they're they're they're your biggest hater. Now everything they say is negative towards whatever journey you have. They're they're the the the voice of the accuser. They're they're the the loudest negative person in your life. anything you say they have the negative side to give to you. That is what I had to go through growing as a trader. So I had all of these ideas that I'm going to take all of these people with me. My first trip was to Colombia, right? And their dental work is much is very is very cheap, a lot cheaper than the states. So that's why I go there for the dental work, right? My first trip was there. And when I was in that hotel room, all the people that I aspired to take with me, right, I was there by myself in a foreign country. I've never been to not knowing how to speak the language. Understanding I'm there for a particular reason, right? To fix all the the dental issues that I have from young that I could not fix due to being in poverty, right? Or parents not not dealing with those things or the unfortunate things that happened to me in life. And I thought all the guys were supposed to be there with me. And I ended up being there by myself. And I said, you know what? If they don't want to learn any of this, I'm going to turn on the camera and I'm going to teach the world this. I'm going to teach other people out there this. What good is it that this will benefit my life and my kids could now have a great life and get whatever it is they want and then other people's children are struggling? Other people don't have a chance. What good is this? If they don't want to accept it, somebody out there will. And this is where in early 2022, I just turned on the the live stream and I was just streaming and and explaining little things that I was doing in trading. And with the master class, everyone loves that master class and, you know, it has, you know, tens of thousands, even hundreds of thousands of views on certain videos. And it's no longer on YouTube, but there was only 20some people that attended that. And I was very I wasn't as articulate as I am now.
So I had to take a public speaking class and this public the public speaking class it was 12 years old. It was a video that was 12 years old on YouTube.
So this video was from 2010 that I was watching and it was just this woman that was explaining how to appeal to the public, how to storytell these different and the the the resolution was horrible.
But I sat there and listened to the video and took what this person was saying. I didn't, oh, can you can you take her face out of the shot and can you make this a little more clear? You know, I wasn't at Burger King ordering it my own way. I whatever way it was that was that was presented, I had to be able to take from that and then you utilize that, apply that. I wanted to actually learn and build that part of myself. I already built this part where I was able to pull money out of thin air. So now I had to build myself as a person. You think just because you start making money it it it ends there? No.
Because now when you take that money and you go to places where only money can take you, you realize the different things that you lack. You realize the knowledge that you lack to be able to actually be in those places and and you know connect with others, even get yourself through the door. You're going to have to build up yourself. You're going to have to grow from the inside. I solved the problems that were going on with, you know, the things that were going on with my kids and the housing situation and I solved that already. But it didn't stop there. It wasn't like, "Yeah, let me go get a Rolex. Let me go and buy this expensive vehicle. Let me go." No, I I didn't care about those things. I finally had time to breathe. I didn't have Most people when when they're working, at least for Americans, right? For me at the time, it was just from one job to the next job to the next job to the next job to the next job to the next job to the next situation, the next situation, the next situation, the next situation. I didn't have time to sit down and breathe. Time to actually look back on my past and the decisions that I made in introspect. But trading slowed my life down. And this is why I talk about people who are rushing.
Because it wasn't until my life slowed down that I realized how everyone's in a rush. They get up, prepare the kids, take them to school, rush to get to work early. If there's traffic, they end up getting there late. All these different tasks they have to do within their job.
Then they get out of the job. They have to go and pick up the kids and then go grocery shopping and then go and and cook food and then have to do all the things they have to do in the evening and then go to sleep, get back up and do the same thing all over again. And they're just rushing. I'm looking in the supermarkets and even in the parking lots, the way people are driving out there and everyone is rushing. Why is everyone in a rush? What is going on?
And I realize they're in a rush because they don't actually have control over their lives. They don't actually have control over it. In order to be able to afford to live the job controls their schedule and they dangle the little dollars in front of them and make them feel powerless and do whatever it is that they want to do to that individual, right? for the hard workers, you know what I'm talking about, to that individual and they use that as the incentive to maybe boost the positions that they're in, but it also takes away from that person's life on the other side of it. You always feel like the the guys who are above you, your your managers or regional managers or whoever it is, they have better lives. They they have it easier. Yeah. That's because they're using the people in the lower half to do most of the work and they take the credit for it. And then it's now give you more work and now you become the cash cow for them and they just dangle the dollar around you and make you you want you jump they put the dollar up you jump go to the left go to the right they they use the dollar like that. So I had that kind of moment where I was able to stand still for the first time and breathe. Now I start to notice different things. I'm able to notice different patterns or certain details in life a lot easier, a lot faster. That's like the trader that trades as if they're a squirrel looking for a nut and they're just taking scout this, scalp that, scalp that, scalp this, scalp that, scalp that, scalp that, scalp that, scalp, scoop, scalp, scalp, scalp, scalp, scalp. That that's the people trading like that, right? That you're you're still in that mindset. And for some people who are in the mentorship, I tell them when you enter into a trade and you have your defined risk, set a timer for 10 minutes. Don't touch that entry. 10, 15, whatever it is you want to do. But after you enter, set a timer for 10 minutes.
You'll realize that all of that up, down, down, up, up, down, down, up. You don't have to do, you don't have to, as I always say, work like an elephant and eat like an ant. That's essentially what you're subjecting your time to, but it's something in life that you've become adjusted to that now it's carrying over into your trading. It's carrying over to your trading. So there's there's just all of these different things I was able to do as a person on the other side of trading. Trading bought me that time to do it. I say this all the time. It bought me the time. It made more time for me. So if you have a particular experience of just being able to take this entry, scalp a couple of points, you accept that profit, you build that into more profit, you risk that for more profit. Now, that essentially puts you in a position where you can take time off of work, unpaid time, and you not feel it. Then you could end up leaving work or whatever it is. You start to be able to build up time in the future to be able to use that in different ways.
Time is a true currency, not money.
Money buys you time, buys you the ability to use it, buys you the access to it. But time is the true currency. And that's not that foolish ICT stuff. Please don't don't even but this is this is what trading essentially gave me. But I had to slow down. I had to choose one thing. Trying to do all the different things at once.
I had to choose one thing. And when I chose that one thing, out of that one thing, everything else occurred. And I realized that that's how it is in real life, too. Not just in trading. You're already still in that mindset, the slave to the system of the world out there.
You're still a slave to that. And you need to just slow down. You just slow down one thing at a time. Multitasking is not good for the brain. And guess what? You have the ability to multitask and do all of these things. That just means that they really, really trained you to be a good worker.
They they really trained you up.
They they they gave the best effort to make you the person that could be abused in every way they want, right?
There there's no there there's there's no bragging rights for that.
None at all. Because that just makes you as that just makes you more resilient than other people to be taken advantage of. You want to have control of your own time. You want to do your do things your own way and at your own pace. It was doing one thing that got me out of that not knowing everything. I didn't even know who certain people were in the industry when I was first learning. And I'm grateful for that. How do I know who the top figures are in a particular industry before I even know how to trade? I will learn them later on. Oh, Al Al Brooks. You said no. Brooks. Al Brooks. He's the father of price action.
No, I I don't know who that is. There.
Okay. Yeah, he he taught price. He's He's the one that pioneered it. Okay.
Yeah, that's that's okay. Yes, I'm I'm glad to hear that. And I'm right back to my own process because I don't know who that guy is and I don't need to know who these people are. I don't know who's scamming. I don't know who's beefing. I don't know, oh, Control FX and Robin.
No, Roger Banks is beefing and and that person over this. I don't know who these people are and my life is not even in a place for me to keep up with any of this. So I need to focus on what's at what's at hand. And this is why I skipped the New York session and I traded in Asia. That's where I was making my little profit in Asia. It was very slow. I became profitable in the Asian markets, right? Oh, Asia is so slow. It's rangiest. That's where I became profitable. Asia allowed me to slow down and see whatever it is that I was back testing and whatever it is that I was learning at the time. I can see it happen much slower.
And now that's a market that I can just take these little tiny moves, these little tiny scalps and and that's where I'm able to pull in whatever money that I can. But I had to slow down.
and slowing down helped me to build character and helped me to, you know, be able to be more aware of myself. There were things that I I wish my dad was around because I lost him prior to becoming a young adult. There were things that I did not know, characters issues that that I I had that I would have been able to develop a lot sooner had he been around. There were a lot of different things that while I encountered I had I had to encounter as mistakes. That's how I learned through mistakes. Some things I didn't have to make those mistakes if there was somebody around me being able to place me on the proper path and tell me exactly how it is to approach things.
Somebody who was trusted. When you have kids, you need to understand that every little thing about them you are responsible for. Right? the good things that happened to them, the bad things that happened to them at a at a particular age up until a particular age. You are responsible for curating that. You see how they respond with certain kinds of attitudes. You see how they they um you know try to shortcut their work. They're speeding through it.
They won't finish it properly. you you see those little things and you have to make sure that you are taking out whatever is there that's not good for them and adding whatever is there that's helpful to them. And it's not just yelling at them and being like if if Johnny had three apples and he ate one, how many apples does he have? Seven.
And you get angry at that. If Johnny fle you get no there's clearly a lag there. If you can't solve it now you have to implore or or or look for explore something that will solve it.
Get them into tutoring. Allow their screen time to become productive. You know the the these are all of these different things that you can fix and solve. But people grew up without the presence of those parents because those parents were trying to give them a better life and they had to work. So there was no oversight. There was no supervision that was there and just certain things it slipped through the cracks. They weren't able to be taught these things. So you have to go back after you spend time with learning this and now it can benefit your life. You have to go back to that kid and restart again. You have to mold that kid into or fix some of those issues that were there. You can't sit there and be like, "Yeah, well, I'm just this way because it's how I've always been, so just accept it." You know, you you can't be like that. You're going to lose a lot of people in life, a lot of good people who are just there to be good to you. They don't even require anything from you.
They just love you. You're going to lose a lot of people like that because of a lot of that internalized anger that you had or whatever it is that you did not deal with when you were younger. Now you carry it as a older adult and you have to go and fix that child. Why? Because as you get older, I always say it, you are old once but you are young twice. So the things that you do not deal with when you are younger, when you become much older, you're going to go right back to that. You're gonna you're going to have to face that again, right? And that's why some people end up having to parent their parents when their parents get older. You have to be their parent now because whatever it was that was not solved while they were younger, while they were aging, now those things have come back and now you have to be the person that has to be mature for them. Tell them exactly what to do. Have patience with them. They're acting out just like children and can't understand it, can't see it. is because they never had the time to stop, stand still, not have to go from situation to situation to job to job to job. They never had the time to stand still and look back at those things and become aware of themselves. So many people lack self-awareness.
Trading is going to teach you self-awareness. Don't worry. You keep jumping out being impulsive. You keep jumping out and and you know, lying to yourself about why you're in a trade.
Oh, yeah. I took it. It was the plan that was there. Yeah, I followed it. And you know good and well that that was not your plan. You know good and well you never even back tested this thing. Don't worry. Trading is going to put you on your SAS. Trust me.
It's going to knock you on your SAS software as a service is is is going to knock you on that, right? And you're going to have to respond to that by getting back up and focusing on or or becoming aware of the thing that it's telling you. Stop doing this, do this, stop doing that, do that. You have a problem with greed. You are too stubborn. You have too much ego, too much pride, right? Is is going to tell you all of that as you're executing. And you have to be able to accept that this is who you are and you need to change.
You have to be able to accept that this is not just all about pushing buttons at the right time. That's why you have traders who will amass a fortune and then lose it all after. How do you go up by $100 million growing up in a poor community, right? Not having everything in life. You work this hard to get to the peak up there and now you think you control the markets and guess what? you lose all of it right after and now you have to use GoFundMes. All these different things are occurring because the character problem, the self-awareness you never solve. I always say to my mentorship and I'm going to say to you guys too that whatever it is that you don't kill up kill on the way up, right? This is character now. This is what we're focusing on. This is character. This is self-awareness. This is where the humility comes in. This is where the boundaries, the ability to stick to the plan and follow it. Even if it hurts, follow it. That's what systems are to to There should be no emotion in the system. Yeah, the emotion is tied to the outcome, but the emotion is not the reason why you're entering or exiting.
You have to be able to stick to that.
And if you can't, you have to remember that as you grow in knowledge and as you learn how to trade and build the account, you trade with more size, you don't solve those problems that are there. What you don't kill on the way up to wherever it is that you are going, right? What you don't kill on the way up is going to be the very thing that kills you on the way down. What you don't kill on the way up is going to kill you on the way down. That's what's going to happen. So if you don't kill that ego, that pride, that stubbornness, that impulsiveness, that lack of transparency, those lies you are telling yourself or you lying to others. If you don't kill those habits on the way up, those habits are going to be the very thing that kills you on the way down. So you have to be sure that you are dealing with those things.
you're you're building character as you're building knowledge and as you're building your accounts.
That's very important. It has nothing to do with the system. The system is the system and it will always be the system.
You're just following that. If you follow the system, you're going to be, you know, consistent with it. If you do not follow the system, then you need to now focus on why you can't follow it.
What is the reason why you keep getting ahead of it? I talk to my mentorship all the time and tell them you have to get down to the root of why you are not able to follow the system that you created, the plan you created.
Some people they were violated when they were younger by people who were supposed to protect them. Some people they gave themselves they gave the time to people who violated them for to people who hurt them right and now they develop this need to be in control. So they want to control every single part of whatever it is that's happening and they can't let go of it. They have to be in control of the outcome. And they do all of these different things just to control the outcome, just to try and be right because of all of the stuff that happened in the past, whether they were bullied, whether they were, you know, uh, violated by by, you know, friends, family, whoever it is, partners, right?
They they gave them trust and they broke it and now they're in that survival mode. Whatever it is that happened to you, you now live out of a culmination of those experiences. And those experiences that you have had in the past, now that's the way you lead forward because it's you defending or you shielding yourself from how those moments made you feel.
You created this defense mechanism that you always have to be right. You have to be perfect. You You There There's I had this one friend and this is the last thing I'm going to say in regards to this psychology part of it.
This one friend who whenever I used to try and help him do something, he used to say, "I'm not stupid."
And I'm like, "All right, you know what I'm saying? I'm not dumb. I know how to do it." and he would be 100% wrong, strong and wrong about it. And I'm there just trying to help him. I'm trying to find different ways to say it nicely because you know some men they have that that little thing, that little ego that's there. You know, ego is important, but you got to know when to shrink it. But ego is important is for survival. So I don't tell people get rid of it entirely. But you know, you have to know how to bring it under cons under under subjection. But this friend would always be I'm not stupid. Just the littlest things just trying to give him a hand when he's clearly wrong. I'm not dumb.
And I'm like, I did I didn't say you were.
And then when he starts to speak later on, he tells me that from a child he was bullied by his sister and his parents never did anything. And his dad used to tell him to man up and his sister used to take the the scarf and and choke him, torture him, humiliate him in front of people. There were all these different things that his sibling used to do to him that he developed this way of of rejecting correction because he needed to show that he knew what he was doing and he had to prove himself and that that's the the the kind of childhood he had. Even when we were playing video games, he'd tell him exactly how to do it. I know how to do this. This is not my first time. And then later on he'd be like, "What? This thing is not working.
What button did you say it was again?
They must have changed it." No, you're lying, but you also are shielding the hurt child that's inside of you. You're shielding that by telling lies and then still trying to learn, but you don't want people to think that they're teaching you anything because you want people to believe that you know everything. You got to bring that down.
You got to scale that back.
You got to deal with that hurt because that's going to control a lot of the decisions and a lot of the relationships you have and and whatever it is that you have to do where you need to rely on yourself. You can't even be honest with yourself because you're still holding on to that pain. And this is something that happened to you as a child. You spend far less years as a child than you do as an adult. But what you what happens to you as a child is seems to be something that controls your entire adulthood.
So go back and fix the child. Go back and fix that part of you. Go back and fix those empty spaces, those voids, the hurt. Go back and heal that.
There's plenty of ways to do it.
And that will be something that changes your outlook, changes your mindset on a bunch of different things. But you got to acknowledge that it's there.
Some people they they act like it doesn't exist. You got to acknowledge that it's there.
That's the first step. Acknowledgement.
You need to know that all of the issues you have in trading don't necessarily come from trading alone.
It comes from things you've been running from in the past.
Things that you just put to the back of your mind, repressed emotions or or repressed memories, the situations that occur, you just threw it to the back of your mind and stopped thinking about it because you had to move forward, but you never stopped and dealt with it. You got to deal with those things when you actually learn a system that can work for you. And you guys will learn that here. You'll learn the final piece today. It's just on the other side of it. When I'm not around, when I'm not present, and if you're going through the frustrations of trading the system, I need you to remember that this is something that's still going to plague your trading. This is something that you're still going to deal
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