Give Me 31 Minutes to Fix Your Trading — Transcript
Full transcript
- 0:00Making $10,000 a month as a day trader
- 0:03has never been as simple and easy as it
- 0:07is today. The problem is that people
- 0:09over complicate it. So, in today's
- 0:11video, I'm going to be sharing with you
- 0:13the five steps that if you just follow
- 0:16them, it is unreasonable that you won't
- 0:19achieve your goal of reaching $10,000 a
- 0:22month. Now, the first thing is how do
- 0:24you actually get to $10,000 a month? So
- 0:27essentially what you're going to need
- 0:28number one is you're going to need
- 0:31trading capital. The good thing is in
- 0:34today's age as you probably already know
- 0:37you don't need to be risking your own
- 0:39money. We have prop firms. Prop firms
- 0:42are a company that are there to give you
- 0:44hundreds of thousands of dollars. You
- 0:46can have multiple different prop firms.
- 0:48You could have millions of dollars in
- 0:50funding. And it's actually very very
- 0:52attainable. Again, as long as you follow
- 0:54the five steps that I'm going to be
- 0:56breaking down in this video. 10 years
- 0:57ago, 15 years ago, prop firms didn't
- 1:00exist. Trading was only available
- 1:02exclusively to rich people who already
- 1:05had capital or to large institutions.
- 1:08So, prop firms equal the playing field.
- 1:11So, you need trading capital. And
- 1:13realistically, it is extremely easy. One
- 1:16challenge from one prop firm can get you
- 1:19to $200,000 in funding. So, you want to
- 1:23go
- 1:25$200,000 in prop firm capital. That's
- 1:28one account from one prop firm. Bearing
- 1:30in mind, most prop firms will allow you
- 1:32to take multiple $200,000 accounts. So,
- 1:35this is essentially the bare minimum. If
- 1:37you can just generate
- 1:41five% monthly returns, that
- 1:46is your 10k a month. 5% on a 200k
- 1:52profit. That's the goal. So you want to
- 1:54get to 10k a month. Reverse engineered
- 1:56that goal. What you need because again
- 1:59we don't want to be focused on the
- 2:00output. The end goal. 10k a month is the
- 2:03end goal. We want to be focused on what
- 2:06we need to do, what we need to have, and
- 2:09who we need to be in order to make that
- 2:13a consistent reality. Now, how do you
- 2:16generate a 5% monthly return? and how do
- 2:19you get $200,000 in prop firm capital?
- 2:22That's pretty much what we covered in
- 2:24step number one and two. So again, like
- 2:28I said, it's genuinely never in the
- 2:32history of trading been as easy as it is
- 2:35today to make money, to make
- 2:37life-changing sums of money. The problem
- 2:39is is that most traders don't know what
- 2:42to do. Half of trading, at least for me
- 2:45in my personal experience, half of
- 2:46trading is just about knowing what to
- 2:50do. Once you know what you need to do,
- 2:55then the second half is just about doing
- 2:58it. The problem is that most traders
- 3:00don't know what to do and they're doing
- 3:02the wrong things. So half of your battle
- 3:05can be won just by doing this. Step
- 3:08number one is
- 3:11technical analysis competence, right?
- 3:15TAC, which simply means your ability to
- 3:18read price action. The market is a
- 3:22language and your ability to understand
- 3:25what it's telling you is directly
- 3:27proportionate to your ability to
- 3:30understand what's going to happen.
- 3:31Making money in trading is technically
- 3:33as simple as understanding where the
- 3:35market is going to go and where from
- 3:38it's going to go and you getting
- 3:40involved in that move. Your way of doing
- 3:42that is by understanding the market. The
- 3:45market is speaking to you. It's your job
- 3:47to understand what it's saying and then
- 3:50take action based off of the information
- 3:52that has given you. And so technical
- 3:53analysis competence which is where most
- 3:55of you are at right now. The issue
- 3:57though is that most people think that
- 3:59this is what ultimately solves
- 4:01everything. They think if they can read
- 4:03the market, then that is what's going to
- 4:05get them to their goal of $10,000 a
- 4:07month. But there's still four very
- 4:10important steps that most people miss.
- 4:12So technical analysis competence is the
- 4:15simplest one and it's probably where
- 4:16you're at right now. Just kind of one
- 4:18huge mistake that traders make at this
- 4:20level is they over complicate, right?
- 4:24They want to look at all of these
- 4:27different ways to understand the market.
- 4:30They've been convinced or programmed by
- 4:32society or maybe other traders that more
- 4:36equals better. The more information that
- 4:38I know, the better I will be at reading
- 4:40the market. The reality though is that's
- 4:43a fallacy. In fact, that's not reality.
- 4:46You just need one way that accurately
- 4:48tells you what the market is saying.
- 4:50Because with that, that's more than
- 4:52enough for you to be able to make money.
- 4:54You don't need to master every different
- 4:55type of technical analysis. You don't
- 4:57need to master every ICT concept. It's
- 5:00not how the game works. You need
- 5:01something that works and then you need
- 5:03to move along. I've seen traders stay at
- 5:06this level for years on end. They learn
- 5:09some technical analysis, they try and go
- 5:12and trade, it doesn't work. They think
- 5:14it's the technicals that's the problem.
- 5:15and they come back, they try to learn
- 5:16from someone else a different way of
- 5:18trading, this concept, that concept, and
- 5:20they're just say stuck in this area of
- 5:22analysis paralysis, right? And many of
- 5:24you maybe have already experienced this,
- 5:25maybe you're experiencing it right now.
- 5:26You don't need to over complicate
- 5:28things. I personally trade something
- 5:30called smart money concepts. If you're
- 5:33on this channel, there's a good
- 5:34likelihood that you already understand
- 5:35this because that's the main thing that
- 5:37I typically talk about. Smart money
- 5:39concepts is essentially, very simply
- 5:41put, a way to read the price from first
- 5:46order consequences. What that means is
- 5:49I'm looking at the primary drivers. I
- 5:51want to understand why price is doing
- 5:54what it's doing. The thing with
- 5:55indicators and patterns and candlestick
- 5:58understanding, they don't actually tell
- 5:59you what the market's going to do. They
- 6:01tell you what the market has done. And
- 6:03for me, that just doesn't really give me
- 6:05the context as to what's about to happen
- 6:07because I need to understand what's
- 6:09actually happening, what's going on in
- 6:11the order flow. Because to move this
- 6:13market, to move any market, you need a
- 6:17whole lot of money. And it is not the
- 6:19retail market that is moving price. It's
- 6:21large institutions. And so I need to
- 6:23understand what they are doing. And
- 6:26smart money concepts is the superior way
- 6:29of being able to do that. So step number
- 6:31one is your technical analysis
- 6:33competence. In summary, your ability to
- 6:37digest the information the market's
- 6:39telling you, make sense of that
- 6:41information and then do something with
- 6:43it. And final thing, just pick one. Pick
- 6:46one way to read the market and just
- 6:48stick with that. That's how you will get
- 6:50the results. Step number two is
- 6:53essentially all about building an edge.
- 6:56You probably heard this many different
- 6:58times. You need an edge. You need a
- 7:00playbook. You need a system. You need a
- 7:01strategy, right? An edge simple is a
- 7:11statistical
- 7:15likelihood of success. What that means
- 7:18is that you have a plan and you've
- 7:22tested that plan in historical data and
- 7:26it has shown you that it works. The data
- 7:30makes sense. your stats are good enough
- 7:33for you to be able to make money trading
- 7:35this system. That's actually as simple
- 7:37as an edge is. The problem lies in the
- 7:40fact that nobody knows how to build an
- 7:43edge. And that's because nobody really
- 7:45talks about it. All you ever really see
- 7:47online is everything about technical
- 7:49analysis. And sometimes you'll see
- 7:51people talk about a trading strategy. A
- 7:53trading strategy is a very, very
- 7:54important part of you building an edge.
- 7:57But the problem still lies in the fact
- 7:59that you still don't know how to make
- 8:00that make sense. And so here's what I
- 8:03want you to think about when it comes to
- 8:05building an edge. Imagine the entire
- 8:08process of every single action that you
- 8:12could take in the market. That looks
- 8:14like this, right? You get to the market
- 8:17each day. Now you have to decide which
- 8:21pairs are you
- 8:23trading, which market, which pairs,
- 8:25which asset you trading, what time are
- 8:27you trading, London, New York, Asia?
- 8:30What time you trading? New York A.M.,
- 8:32New York PM, all day, right? Which I
- 8:34don't recommend. But what time are you
- 8:36trading? What asset you trading? Right?
- 8:39What pair are you trading? Then you need
- 8:40to understand how am I reading the
- 8:42market? So how am I developing a bias? A
- 8:45bias is very simply put your inclination
- 8:48of what's going to happen. And inside of
- 8:51that bias, it's basically taking
- 8:53everything technically and putting it
- 8:54into, you know, a a format where you can
- 8:57say, okay, I think that the market is
- 8:59going to do X, Y, and Z today based off
- 9:01of the concept that I have. You need to
- 9:03build a bias. Then you need to build,
- 9:06you know, your confirmations. Let's say,
- 9:08okay, now you have your bias, but now
- 9:10you only understand direction. How are
- 9:12you getting into the market? What do you
- 9:14need to see happen before you take the
- 9:17trade? How much are you going to risk
- 9:19when you take the trade? Are you going
- 9:21to take partials at any level? When are
- 9:23you going to move your stop loss to
- 9:24break even? When are you going to take
- 9:26your full position off the table? What
- 9:28are you going to do once you've taken
- 9:29the trade? Right? How do you manage it?
- 9:31How do you reflect on it? How do you
- 9:33journal it? How do you collect your
- 9:34data? What about refinements,
- 9:37optimization, solving for inefficiencies
- 9:39in your system? Right? every decision
- 9:42that you could make leading up to the
- 9:45action of closing a position. They are
- 9:50processes. They are decisions that you
- 9:52need to make. And so building an edge is
- 9:55essentially making a plan for every one
- 9:59of those actions. So for me personally,
- 10:01I understand when I come into the
- 10:03market, I know am I looking for buys or
- 10:06sells today?
- 10:08I know what needs to happen in order for
- 10:11me to look for a buy or look for a sell.
- 10:15I understand when to change my bias. I
- 10:18understand where I'm going to take a
- 10:20trade from because I can be bearish for
- 10:22the day, meaning I'm expecting lower
- 10:24prices. My bias is lower prices, but
- 10:28that doesn't mean I'm just going to come
- 10:29to the markets and just take a short
- 10:31position. I need areas that I'm looking
- 10:34at trading away from. I need to
- 10:36understand confirmation, right? I don't
- 10:38want to just trade with the trend. If
- 10:40we're down here, great, we're bearish.
- 10:42I'm what gonna sell now? No, I need to
- 10:44understand the areas that I want to get
- 10:46into. And then when I get into my areas,
- 10:49I don't want to just sell from this
- 10:50level. I want confirmation. And then
- 10:52when I get that confirmation, I need to
- 10:54know where am I entering my market?
- 10:56Where am I placing my stop loss? Where
- 10:58am I taking my profits? At what point
- 11:00should I take my risk off the table? At
- 11:02what point do I close the position?
- 11:03Right? All of these decisions that you
- 11:06need to make essentially need to come
- 11:08under the context of a trading plan that
- 11:12is built from your technical analysis
- 11:16concepts and competence. So you take all
- 11:19of your technical skills and then you
- 11:21put them into order. So this is
- 11:24organization. You're going to organize
- 11:26the concepts that you have into a plan.
- 11:29And that is essentially the first step
- 11:32of building your edge. But there's
- 11:36something again critical that so many
- 11:38traders make the mistake of at this step
- 11:41too. They get an understanding of
- 11:43technicals from YouTube or something
- 11:45like that. They get a trading plan.
- 11:47Maybe they watch a YouTube video and
- 11:49they hear someone's got a strategy and
- 11:50then they take that strategy and that's
- 11:53all they have. And so now they're trying
- 11:54to take that strategy to the live market
- 11:57and start trading. The problem is that
- 11:59you actually don't know whether that
- 12:02plan has an edge. Because an edge isn't
- 12:06just a a strategy that's been taken over
- 12:08five trades, right? I see all the time,
- 12:09you go on YouTube, you see this 80% win
- 12:12rate strategy and they show you the
- 12:13video and they made money with the
- 12:15strategy and they show you five trades,
- 12:16right? The problem is is it may have an
- 12:1980% win rate over five trades, but does
- 12:21it have an 80% win rate when you take it
- 12:23on every single trade that happens for
- 12:25the entire year? I I don't know. This is
- 12:27what you have to understand because an
- 12:29edge isn't built over five trades.
- 12:31Anyone can make money over five trades,
- 12:33but that's not the goal. The goal is to
- 12:34make money month in month out,
- 12:36consistently year in year out. And so
- 12:38you need to make sure that that plan
- 12:41works, which takes us onto step number
- 12:44three, which is all about testing. This
- 12:47is where we really
- 12:48confirm our edge. This is the bridge
- 12:52from essentially theory, right? Theory
- 12:57of a strategy. You go to YouTube, you
- 12:59see someone's got this 5minute trading
- 13:01strategy with an 80% win rate that made
- 13:03a million dollars in a week. And you
- 13:05have that. Great. But now it's just
- 13:06theory. You don't know the numbers on
- 13:08it. You don't know how many trades that
- 13:10it's been taken over. How does it
- 13:12actually work? There's so many different
- 13:13variables that you don't understand.
- 13:15This is why you must test. Testing is
- 13:18pretty much taking your technicals into
- 13:21the trading plan that you took and then
- 13:25going to a software right a back testing
- 13:29software and going for example let's say
- 13:32today the date was the 1st of January
- 13:36right let's say it was the 1st of
- 13:39January 2025 well I need to take this
- 13:42trading plan and I need to go back
- 13:46to
- 13:48January the
- 13:501st
- 13:5120 24 for example, right? That would be
- 13:54one year of data. I need to go back in
- 13:56time and then I need to trade every
- 14:00single day trading that plan. So every
- 14:03time that everything aligns in the
- 14:07market that meets that plan, I take the
- 14:09trade. Right? And then once you've done
- 14:12that, that is actually testing because
- 14:16now at the end of that period for one
- 14:18year, you've taken every trade that
- 14:20meets that plan. Now you actually
- 14:22understand the data. Now you start to
- 14:25understand the statistics. Now you can
- 14:27really understand does this actually
- 14:29have an 80% win rate or is it more like
- 14:33maybe it has a 53% win rate. You need
- 14:37more data. And the way that you really
- 14:40understand whether you have an edge or
- 14:42not is by testing. And the way you test
- 14:44is you take a strategy, you take your
- 14:46trading plan. If this happens, I do this
- 14:48and I do that. All the different
- 14:50variables that are inside of a trading
- 14:52plan, you take it and then you go and
- 14:54test it on historical data. And then
- 14:57what happens for most people is they'll
- 14:59test that plan and they'll get all of
- 15:02their data back. And there'll be many
- 15:05inefficiencies in the data.
- 15:06Inefficiencies are pretty much things
- 15:10that could be improved. So if you have a
- 15:13trading strategy that has great
- 15:14potential, but there are just a some
- 15:16things that you noticed whilst you was
- 15:19testing that strategy that could make
- 15:21this thing better. And so that is where
- 15:23you start advanced testing, right? And
- 15:26creating hypothesises. Essentially a
- 15:29hypothesis. If I try this, what will
- 15:32happen? if I don't enter on the
- 15:3515-minute chart, what if I enter on the
- 15:37five-minute chart? What if I don't wait
- 15:39for, you know, a certain candle produce?
- 15:42What if I wait for a break of structure?
- 15:44These whatifs? And then you start
- 15:46testing these whatifs. And that's a
- 15:48hypothesis. And so essentially what we
- 15:51have now is you have a sound technical
- 15:55competence. You understand things. You
- 15:57understand market structure, liquidity,
- 15:59supply and demand. You've begun the
- 16:01process of building an edge. You've
- 16:03taken what you've taken here. You've put
- 16:06it into a plan and now you're really
- 16:08understanding does this thing work by
- 16:11testing. The reality is there'll be some
- 16:13loops of this testing that you may have
- 16:15to go through to actually make sure that
- 16:17you have an edge therein becomes a new
- 16:21problem. Right? This is again every
- 16:24single step here. Right? If you imagine
- 16:26a hundred different traders come in and
- 16:28their goal is to become profitable. They
- 16:31want to reach $10,000 a month. This is
- 16:33what
- 16:35happens. 70% of them drop off here. 70%
- 16:40of them either don't get a good
- 16:43understanding of technical analysis
- 16:44because they're learning the wrong
- 16:45things or they stay stuck at this level,
- 16:48not knowing how to move past here.
- 16:50another
- 16:5220% drop off here in the edge because
- 16:56they don't actually understand how to
- 16:58properly build a trading strategy
- 17:00because they don't understand all the
- 17:01processes, right? So, they don't
- 17:03understand how to build a trading
- 17:04strategy. And then a further 5% drop off
- 17:08here in the testing because it's
- 17:10overwhelming and so many people don't
- 17:11know how to test. And so now
- 17:13essentially, you're already at your
- 17:15point of where 95% of traders fail. And
- 17:19so with each step, the amount of traders
- 17:23that actually make it to that level
- 17:25substantially decreases, which takes us
- 17:28onto step number four. Every trader at
- 17:30each step that they're on, they think
- 17:32that's the final step, right? I've been
- 17:33there myself when I first started
- 17:35trading. I thought if I just understand
- 17:36how to read the the market, I'll just
- 17:39somehow make money. And then I realized
- 17:40that actually, you know what, I need a
- 17:43trading plan. So if I just put together
- 17:44a trading plan, well, now I'll
- 17:46definitely make money. And then I
- 17:48realized that actually I don't really
- 17:50know if this trading plan is even
- 17:51working. And so I'm taking trades but
- 17:53now I'm not confident in the trade I'm
- 17:55taking. Or when I lose three trades in a
- 17:58row, I start doubting whether my
- 18:00strategy even actually works. And then
- 18:03you start testing. And then I say to
- 18:06myself, okay, I've tested the strategy.
- 18:09Now I know that I have a strategy that
- 18:12works. And this is where so many traders
- 18:15can't get past because they all think
- 18:18for their entire period is when they get
- 18:20to this level that this is the final
- 18:22boss. I have a strategy that I know
- 18:24makes money. That's the hardest part.
- 18:26Right? Wrong. The next level is what I
- 18:30call the
- 18:34performance gap.
- 18:39The performance gap very simply put is
- 18:42the difference between your theoretical
- 18:45results. So you had a strategy, you
- 18:47tested it, you have a full year of data.
- 18:50That strategy in that one year returned
- 18:53100% if you would have taken every trade
- 18:55and traded it perfectly. That is the
- 18:57capability of your trading strategy.
- 18:59Right? So the actual strategy has the
- 19:02chance of making 100% in a year. But
- 19:04what happens? Traders have this thing
- 19:07called the performance gap, which is the
- 19:09difference between your theoretical
- 19:11results and your actual results. Because
- 19:14now the biggest problem that exists is
- 19:17you have to show up every single day and
- 19:20take the trades that meet your plan and
- 19:23not deviate from your plan. Don't close
- 19:25early. Don't miss a day. Don't hesitate
- 19:27on a trade, right? All of these things,
- 19:30you have to make sure that you follow
- 19:31your plan to perfection. That's a
- 19:33difficult thing to do. And so what a lot
- 19:36of traders experience is a performance
- 19:38gap. Some traders experience a small
- 19:41performance gap. The strategy could do
- 19:43100% and instead of 100% maybe they get
- 19:4620% out of the strategy. This was me in
- 19:49the beginning as well. Right? I've been
- 19:50through in all of these steps which is
- 19:52why I understand that this is the way to
- 19:53do it. Right? I wish someone had
- 19:56explained this to me a long time ago. I
- 19:58knew that my strategy worked. I knew
- 19:59that it was great. But for some reason
- 20:01in historical data my strategy was
- 20:03averaging you know 100% 80% 90% 110% in
- 20:08this ballpark region per year but at the
- 20:11end of each month I kept on racking up
- 20:14these 3% months or these 2% months. And
- 20:17the reality is is I was making money. I
- 20:19was a profitable trader but I still felt
- 20:21like an utter failure. And the reason I
- 20:24felt like a failure is because number
- 20:26one I had unrealistic expectations of
- 20:28what's possible. And number two is that
- 20:31I'm I know I'm underperforming. And so
- 20:34if you're at that point right now, maybe
- 20:35you are slightly profitable. I want you
- 20:38to understand that this isn't a terrible
- 20:41place to be. It's a lot better than
- 20:43being down here. And it's also a lot
- 20:45better than other traders, which is a
- 20:48lot of them, where actually their
- 20:50strategy is profitable, and somehow they
- 20:53still end up losing 40% in a year. they
- 20:56still end up blowing funded accounts.
- 20:58Like how many traders out there, maybe
- 21:00yourself included, you you have a
- 21:02profitable trading strategy, you know
- 21:04that it works and yet you're blowing
- 21:06funded challenge after funded challenge
- 21:07after funed challenge or you've got a
- 21:09personal account and right now you're
- 21:10sitting in 20% of draw down. Hello.
- 21:13There's a huge discrepancy between your
- 21:16theoretical results and your actual
- 21:18ability to execute the results. So
- 21:21what's the solution? The solution
- 21:24is discipline.
- 21:26Now, that word gets thrown out so much
- 21:29and honestly, I hesitate to use it a lot
- 21:31of the time, but it is discipline. It
- 21:34does come down to discipline, but it's a
- 21:36lot deeper than that because a lot of
- 21:38people hear that and think, I just need
- 21:40to be more disciplined. I just need to
- 21:41be more disciplined. And whilst that is
- 21:44true, telling yourself that you need to
- 21:45be more disciplined doesn't work. I
- 21:47mean, you probably experienced it your
- 21:49yourself, right? I need to be more
- 21:51disciplined. I need to be more
- 21:52disciplined. I need to be more
- 21:52disciplined. which is basically what
- 21:54you're saying is I'm not disciplined.
- 21:55I'm not disciplined. I'm not
- 21:56disciplined. And then you're trying to
- 21:57come into the market and you're trying
- 21:59to exert your willpower. You're trying
- 22:00to force your discipline on the market,
- 22:02but you don't even understand what's
- 22:04happening to you. You don't understand
- 22:06why you're not following your plan. And
- 22:10this is where psychology comes involved.
- 22:14Right? The big problem here is
- 22:16psychology. And everyone tells you,
- 22:18every profitable trader, and I will tell
- 22:20you myself, trading is 80% psychology.
- 22:23There are traders out there that say
- 22:24that's BS. I don't believe that they're
- 22:26real traders because any real trader
- 22:28understands that the biggest battle that
- 22:31we face is our ability to control
- 22:33ourselves. The people out there that
- 22:35just say psychology is irrelevant if you
- 22:38have a good trading strategy, I don't
- 22:39believe that they're actually profitable
- 22:41traders, I'll be totally honest with
- 22:42you. Because if you really don't believe
- 22:45that the biggest goal is to be able to
- 22:49follow your plan, then I'm I'm not
- 22:51really sure that you've ever actually
- 22:52tried to follow your plan consistently.
- 22:54That's really the truth. The problem is
- 22:57psychology and poor psychology, which is
- 23:01essentially dis disobedience, is what
- 23:06causes the performance gap.
- 23:11Your inability to follow your plan is
- 23:14why you aren't making money. If you're
- 23:15at a point right now where you have a
- 23:17profitable strategy that you've proven
- 23:18is profitable, your problem is
- 23:20psychology. Now, the thing is is you're
- 23:22probably out there now after taking
- 23:24these trades, you're probably sitting to
- 23:26yourself on YouTube trying to look for
- 23:27new trading strategies, new ways to read
- 23:30the market because some for some reason,
- 23:33even though I mean it worked before,
- 23:35maybe it's just stopped working, right?
- 23:37And the reality is is probably not. The
- 23:39reality is is you're probably not taking
- 23:42the trades that you need to be taking.
- 23:44And so you need to figure out here the
- 23:47big problem here, the
- 23:50milliondoll, right? The million
- 23:53dollar problem that if you solve this
- 23:56problem genuinely will unlock millions
- 23:59of dollars is your ability to follow
- 24:02your rules. And that comes from really
- 24:06understanding yourself, understanding
- 24:08your patterns, understanding your
- 24:10behaviors, understanding your triggers,
- 24:12and then overcoming those triggers. But
- 24:14here's the kicker again. You can do the
- 24:17psychological work, but until you do
- 24:20what's required at step five, you don't
- 24:22actually know number one whether it's
- 24:24working and number two whether you're
- 24:27going to be able to sustain it. Because
- 24:28step number five is an operating system.
- 24:31And I'll tell you this right now, 1% of
- 24:35traders get to this level because if you
- 24:38get to that point, you've already
- 24:39mastered these things, right? You you
- 24:41haven't necessarily mastered psychology,
- 24:43but you're doing the actual work
- 24:45required to bridge the gap. What you're
- 24:48missing then is an OS, right? An
- 24:51operating system. An operating system is
- 24:54a designated centralized area where you
- 24:58look at everything trading related. You
- 24:59look at all the trades you've
- 25:02taken, the
- 25:05outcomes of those
- 25:07trades.
- 25:11Why why you took the trade alignment?
- 25:15So, was this trade in alignment with
- 25:19your plan? Right? And then when you have
- 25:22all of this data and then you put in
- 25:24place
- 25:27a review
- 25:29system, right? A review system which is
- 25:33a process that you go through where you
- 25:36review everything that you're doing on a
- 25:38daily basis. Every single week at the
- 25:40end of the week, I go in and look at
- 25:42every single decision that I made in the
- 25:44market that week and I understand this.
- 25:47How well were my outcomes? Did I make
- 25:50money? Yes or no? Okay, let's say for
- 25:53example, I didn't make money that week.
- 25:55For me, that doesn't mean that it was a
- 25:56bad week. For me, a bad week is I didn't
- 26:00follow my plan. This one here, this is
- 26:03the key, alignment. This is the most
- 26:05important data point. Was I trading in
- 26:08alignment with my plan? The problem that
- 26:09most traders have is their most
- 26:12important point is their outcome. Did I
- 26:14make money? If I didn't make money, it's
- 26:16bad. If I did make money, it's good.
- 26:19That's not how it works. Because being a
- 26:21trader, if you want to succeed in the
- 26:23long term, it is, and please, please,
- 26:26please, please, if there's anything you
- 26:28take from this, it's this. A trader's
- 26:31ability to make
- 26:34money
- 26:38is
- 26:41proportionate
- 26:42to his
- 26:46ability to
- 26:49follow his
- 26:51plan. Excuse my messy writing, but a
- 26:54trader's ability to make money is
- 26:57proportionate. Proportionate means
- 26:59relative, right? If I follow it 10%,
- 27:02I'll get 10% of the rewards. It's
- 27:05proportionate to his ability to follow
- 27:07his plan. Successful trading is not I
- 27:10made $5,000 today, but I didn't follow
- 27:15my
- 27:18plan. For you, maybe that's
- 27:21good for me. That's dangerous. If I make
- 27:24money not following my plan, what does
- 27:27that tell my mind? That tells my mind
- 27:30it's safe to not follow your plan. In
- 27:31fact, not following your plan is good.
- 27:36That's the message that my brain makes.
- 27:37If I do that too many times and I feel
- 27:40good about the money that was made,
- 27:43guess what happens? Without even knowing
- 27:45it, in due time, you're going to see
- 27:47your inability to follow your plan get
- 27:50progressively higher. So it's very
- 27:52important that you disassociate outcome
- 27:55and alignment because outcome is
- 27:59nothing. Alignment is everything because
- 28:02you should only be caring about
- 28:03alignment of course if you have these
- 28:06things. Right? Again if there's any
- 28:08trader that out there that tells you
- 28:09that psychology isn't important, don't
- 28:10focus on it. If they give the context
- 28:13until you have an edge, I agree. But
- 28:19once you get past this point, it's all
- 28:21about
- 28:23you. It's all about you. There's nothing
- 28:26that trading strategies and technicals
- 28:28and the market can do for you anymore.
- 28:30Nothing. Now it's you versus you. Now,
- 28:33every day you show up to the markets and
- 28:35the market's going to mirror you. Mirror
- 28:37your ability to follow your plan, mirror
- 28:39your impatience, mirror your
- 28:41consistency. That's the key. So at step
- 28:44five, you need an operating system, an
- 28:47area that you can look at all of your
- 28:49data and consistently monitor what's
- 28:52going on because what we need to be
- 28:54understanding is our performance. And
- 28:57this is how usual performance goes. We
- 29:00have highs, we have lows, we have high
- 29:03periods, we have low periods, we have
- 29:04high periods. If you are a human, you've
- 29:06experienced this in every single thing
- 29:08that you've done in your life. For me,
- 29:11here's what I want to do. I want to
- 29:12understand when I'm at my low periods,
- 29:15what's going on? What am I doing? And
- 29:18can I be doing things differently?
- 29:20Because your actions equal your outputs.
- 29:24Right? I think it's Newton's third law.
- 29:26For every action, there's an equal and
- 29:28opposite reaction. Simply putting, what
- 29:30you put in is what you get out. Your
- 29:34actions dictate the reactions of what
- 29:37you get. So, it's everything about
- 29:39alignment. If you can have all of these
- 29:41things and you can put them all together
- 29:43and you do the work, it is impossible
- 29:46not to get to the point of 10K a month.
- 29:48And that really is just a starting
- 29:50point. $200,000 account starting point.
- 29:52You can go way higher than this. But
- 29:55goal number one, let's get you to
- 29:57$10,000 a month. And that's exactly how
- 29:59you do it. Now, you have to go and do
- 30:02it. And so, again, you have two
- 30:04different options. If you would like to
- 30:06work with me and my team, we will take
- 30:08you through every single step of this.
- 30:11We will show you exactly how to read the
- 30:13market accurately. We will give you
- 30:15trading strategies. Right? I have two
- 30:17trading strategies that are available
- 30:19for you with over a year of historical
- 30:22testing, daybyday, trade by trade for
- 30:24you to see and view all the data,
- 30:26everything proving that they are
- 30:28profitable. will show you not only the
- 30:31strategy in testing but more importantly
- 30:33how you can test yourself. So you'll see
- 30:35me for hours and hours and hours and
- 30:38hours sitting there taking trade after
- 30:41trade after trade after trade in back
- 30:42testing environment showing you the
- 30:44trading strategies that we trade. We'll
- 30:47solve all of these things for you. We'll
- 30:48give them all for you. Step number four,
- 30:50the performance gap. 27 different
- 30:52psychological modules on why the
- 30:55performance gap happens down to the
- 30:57deepest of your biological wiring, your
- 30:59self-sabotage, your limitations, your
- 31:01limiting beliefs. It goes so deep to be
- 31:03totally honest with you. And your
- 31:04trading operating system, how to set up
- 31:06your trading operating system, what it
- 31:07should look like, how to use it, how to
- 31:09collect all the data, how to interpret
- 31:11it all. Everything that you need to get
- 31:14to $10,000 a month, I will give you.
- 31:17This is what you need to do. You can do
- 31:18it yourself or you can do it with me,
- 31:21with my team. And if you would like to
- 31:23do it and get there faster, then down in
- 31:26the description, I'll leave a link. You
- 31:28can book a call and see whether or not
- 31:29it makes sense for you. But no pressure
- 31:32if you don't. This is still the journey
- 31:34you need to
About this transcript
This page contains the full transcript of Give Me 31 Minutes to Fix Your Trading by Lewis Kelly, generated from the public captions YouTube serves with the video. The transcript has 5,328 words across 781 segments, with the original timestamps preserved so you can click any line to jump to that moment in the embedded player.
What you can do with it
Use the transcript to take notes, quote the speaker, build a study guide, generate a summary with ChatGPT or Claude via the YouTube Summary tool, or export it as a timed subtitle file with YouTube to SRT. You can also re-open it in the transcriber to choose a caption track available on the video.
Free YouTube transcript tool
YouTube2Text is a free YouTube transcript generator — no signup, no daily limit. Paste any YouTube link and get the full transcript instantly, with timestamps, click-to-jump, caption language selection, AI prompts for ChatGPT, Claude, and Gemini, and exports to TXT, SRT, VTT, or Markdown.