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If you're still struggling with trading.... watch this — Transcript

by Christopher Creamer | Orderflow Trader · 5,544 words · 853 segments · language en · Watch on YouTube

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0:00What's up? It's Thrax. If you've been
0:02trading and you've been losing money or
0:05if you're switching strategies all the
0:07time looking for the new entry model,
0:10you're trying a different method, you're
0:12buying new courses, you're looking for
0:14the right person to copy their trades or
0:18you're trying to join a new Discord or
0:20whatever and nothing's working.
0:25I need you to hear this.
0:27It's not the strategy in most cases,
0:31it's you. You're the reason why it's not
0:34working.
0:36And that doesn't necessarily mean you
0:38can trade any [ __ ]
0:41and as long as you trade it correctly,
0:43it's going to work. No, you do need an
0:45edge, but my point is just that if
0:48somebody were to have a statistically
0:50proven edge and they teach you exactly
0:52how to do it, if you don't have the
0:55right foundation, chances are you're
0:57probably going to have much different
0:59results.
1:01And
1:02I know that's not what most of you
1:05probably want to hear, but it's the
1:07truth and it's the reason why most
1:09people who try and do this, even though
1:11there's so much information out on the
1:13internet that you can use to your
1:14advantage,
1:16that they still lose money and they
1:18still never make money. And I know it's
1:20the truth because I did it. I did it for
1:232 years. I lost money every day for 2
1:27years. I blew probably before I got a
1:29payout, I probably blew like 150 to 200
1:33accounts and they were like big-sized
1:35accounts, so I probably spent close to
1:38like $50,000,
1:41probably more than that, of cash.
1:44Of cash that I actually didn't even have
1:46that I put on a credit card. I had no
1:48idea how I was going to pay it off. And
1:50I did all of that while thinking
1:52that the problem was I needed to find
1:54the right setup. I needed to find the
1:56right strategy or that one indicator
1:59that I was just going to make everything
2:01work.
2:03It's not about that. It's not about the
2:06indicator or the strategy or whatever.
2:09Now, again, because there's going to be
2:11people watching this who go, "Oh, don't
2:14give me this [ __ ] about edge doesn't
2:17matter and it's just about psychology."
2:19No, I agree. Edge does matter, but even
2:22if you have an edge, if you can't
2:24execute it properly, then the edge
2:26doesn't mean jack [ __ ] So, the point of
2:29this video is just to explain
2:32you need to start with a proper
2:34foundation.
2:36And most people skip that. Most people
2:37just go immediate immediately to some
2:39type of pattern preference or some type
2:42of [ __ ] that they're trying to trade
2:44that they see on the internet where some
2:46guy goes, "This one setup changed my
2:48life." And this one indicator gives me a
2:5190% win rate. And then you got people
2:54who don't know anything else other than
2:55trading and they just like try and copy
2:58and paste what they see in a video
3:01and then they lose and they wonder why.
3:03They say, "Oh, that was a [ __ ]
3:05strategy. That [ __ ] doesn't work." I'm
3:07going to tell you in this video exactly
3:09why this happens and more importantly,
3:12I'm going to tell you what you actually
3:14need to fix before the strategy or it
3:17really any type of edge is actually
3:19going to work for you because most
3:20traders figure this out too late. And
3:23actually,
3:24some traders never figure it out at all
3:27and they just quit. They either quit or
3:29they keep doing the same thing
3:32over and over and over and then they're
3:34in the same spot for years. There's
3:36people in this industry who are
3:38literally waking up every morning to
3:40trade doing the exact same [ __ ] chasing
3:44strategies
3:45for years and they never get a payout.
3:48Some of them don't even don't even uh
3:51evaluations when you can literally do
3:53that just by luck. And so, here's what's
3:55happening to most traders right now.
3:57They find a strategy.
3:59They see it looks simple. It makes
4:01sense. It makes sense based off of the
4:03video from the guy that they just
4:05watched. So, then you go and you demo
4:07trade it, you paper trade it, you back
4:09test for a couple hours.
4:12It looks good. Looks simple. It's
4:14working. And then the moment you take it
4:16live, uh you start losing.
4:19It doesn't do the same as it was when
4:21you were doing demo and back testing.
4:23So, then you think, "Oh, I probably just
4:25need to tweak it." So, you go in, you
4:27tweak it, and then you lose again. So,
4:29now you start wondering to yourself,
4:32does this strategy even work?
4:35Is this strategy even real? Did it stop
4:37working? Did the market change? And then
4:40they go back to YouTube
4:42and then they find another video with
4:44some guy saying that he has a 90% win
4:47rate or this one setup changes life like
4:50I was mentioning earlier
4:52and it looks simple. Looks clean again.
4:56So, you try that one instead. You just
4:57keep going until you think you're going
4:59to find something that's that's going to
5:00work. And the problem is is that
5:04logically, this cycle makes sense.
5:08Logically, when you're inside of it, of
5:10course. You change strategies when the
5:12current one isn't working. That's
5:14rational, but it's based on a false
5:17assumption. The assumption is not that
5:20the strategy is the reason you're losing
5:22and almost every time for most people,
5:25it's not. I've watched traders trade the
5:28exact same system that I use and they
5:31still blow their accounts with it. I've
5:33watched traders take garbage setups,
5:35garbage trades, or trade strategies that
5:37are just totally wrong and has no
5:41statistical backing to it whatsoever
5:44or just don't even work and they make
5:45money with them. The strategy is not the
5:48variable that we need to change. You're
5:51the variable. You're the variable. So,
5:54think about what happens on a losing
5:56day, okay? You sit down, you got your
5:59setup. The market opens and you wait for
6:02your entry criteria and then maybe the
6:04move comes, maybe it doesn't. But here's
6:07usually what happens next is you're
6:10sitting there and you're starting to
6:12feel like you're missing something.
6:13You're starting to feel like the
6:15market's moving and you're not in it and
6:18maybe you saw setups that you didn't
6:19take or whatever. So, you take a
6:21slightly different trade. Not exactly
6:24the setup that was called for, but close
6:27enough. So, you rationalize it and then
6:29it loses. And then now you're down. So,
6:32suddenly your whole mindset shifts.
6:35You're not trading to execute your
6:36process anymore. You're trading to make
6:38the money back and then those are
6:40completely different activities. That is
6:43not a strategy problem. That is a you
6:46problem. The strategy didn't tell you to
6:48deviate from the process.
6:51The strategy didn't tell you to revenge
6:53trade. The strategy didn't do any of
6:55that.
6:56You did that and that's the thing that a
6:58lot of people don't want to admit. They
7:00want to blame it on the strategy or they
7:01want to blame it on the market or
7:03whatever, market conditions or shitty
7:05price action or whatever. When I look
7:07back at my own history,
7:11let's say no payouts, over 150 accounts
7:14blown, 50k in the hole, I can tell you
7:18with certainty that probably
7:22maybe 10 of those accounts were just bad
7:26luck, were just normal variance, trades
7:28that were executed correctly that just
7:30didn't work. The other 140 accounts,
7:34well, that was me. That was bad risk
7:36management. That was gambling. That was
7:38coming back in after hitting my daily
7:39loss limit. That was increasing size
7:42because I wanted to make back the losses
7:45faster or increasing size because I'm on
7:49a winning streak due to luck and
7:52variance and then
7:54um
7:55not accepting losses properly. I had the
7:57strategies the whole time. I had the
8:00setups the whole time. I just couldn't
8:02execute them because the foundation
8:05underneath the strategy was just
8:07completely broken. And that's the
8:09uncomfortable part of it. The chart is
8:11neutral. It doesn't care about your
8:14emotions.
8:16It really doesn't care about your
8:18mortgage or your rent or the bills that
8:20you have to pay
8:21or how badly you want this to work or
8:24how hard you're working to try and be a
8:26successful trader. The market really
8:28doesn't give a [ __ ] about any of that.
8:29It just moves. It just moves. So,
8:33then the thing is is like in most cases,
8:35if it's not the strategy, then what is
8:38it? Well,
8:39again,
8:41you do need an actual strategy that has
8:43an edge. You do need an actual edge. But
8:46the only way you can execute on that
8:48edge, again, is if you have the right
8:50foundation. So, in my own experience,
8:53both from trading on my own and watching
8:55other traders just trade and seeing the
8:58people around me who are also trying to
8:59be uh consistently profitable trader,
9:02it always comes down to three main
9:05things.
9:06Most traders don't actually have real
9:09risk management. They have the idea of
9:11risk management and they know they're
9:13supposed to they they know the rule
9:15where they hear it and they say, "Oh,
9:17you're only supposed to risk 1% of your
9:19account." And and they're know they know
9:21they're not supposed to overtrade or
9:23oversize.
9:25Um
9:26And they know they're not supposed to
9:27add losing positions and blah blah blah
9:29blah blah. Every
9:31We hear this all the time. Everyone
9:32knows this. But then the market opens
9:35and then all of that [ __ ] just [ __ ]
9:37flies out the window. Just flies out the
9:39window.
9:41It's like imagine if you're training to
9:43be a fighter, okay? And you're in the
9:46gym, you're punching the bag, you're
9:48doing the pad work, you're sparring with
9:50somebody, and you have a plan. You've
9:52been watching tape on the other guy. You
9:54know how why should be fighting this
9:56guy. You step into the ring on the day
9:58of the fight, you get punched in the
10:00face, and then all of that planning just
10:03[ __ ] flies out the window.
10:06Everybody has a plan. I know you guys
10:08have probably heard this. Everyone has a
10:09plan until they get punched in the face.
10:11And it's the same
10:14when it comes to trading.
10:16Real risk management isn't a rule that
10:19you follow when things are going well.
10:21Real risk management is what keeps you
10:24alive and keeps you in the game when
10:27things are not going well. And the
10:28entire point of it
10:30is not so that you make more money.
10:34It's so that you have an account to
10:36trade tomorrow. Because if you don't
10:39have an account, then
10:42what are we talking about? Strategy,
10:45setup, risk management, psychology. You
10:47don't have a [ __ ] account. None of it
10:50matters anymore. None of it matters.
10:52None of it. Not your edge, not your
10:54skills on the chart, not your setup.
10:58None of it. So, survivability isn't
11:01boring. It's actually the most
11:02aggressive long-term strategy that you
11:04have. So, your goal when you sit down to
11:07trade is not to make as much money as
11:09possible. Your goal is to lose as little
11:12money as possible, pretty much. That
11:14reframe alone changes everything about
11:17how you approach the market. Now again,
11:20I'm going to say this
11:22a few times
11:25because it's really important.
11:28You need an edge, though.
11:30You need an edge. I'm not going to sit
11:33here and like tell you that all
11:37strategies work and that it's all about
11:40psychology and do that whole guru
11:43[ __ ] But look, if you're going to
11:46like
11:47try and trade and you're trying to
11:49execute an edge that you've tested or
11:52whatever,
11:54the only way to execute that edge in
11:56live market environments is by executing
11:59it on a foundation that you've built.
12:01And so,
12:02there's things that we do
12:05that are variables that go against our
12:07edge. Like for example, one of them is
12:10tilt. Here's something that a lot of
12:11people get wrong about tilt. You can be
12:13perfectly calm, but you can be tilted at
12:17the same time. A lot of people like to
12:18think about tilt meaning that you're
12:21angry or
12:23you're getting sweaty or hot or you're
12:26trying to
12:27identify tilt through
12:30um emotions, I guess. But you can sit
12:33there, you can be totally fine, but you
12:36can still be in a mental state where you
12:38can't evaluate
12:40a setup correctly. You can't make
12:42calculated decisions. And so, people
12:45won't realize that they're tilting until
12:47they start
12:49feeling the feeling of tilt. And by that
12:51point, I mean it's like, "Fuck, dude,
12:52you already lost. You already lost."
12:54Probably at that point, your account's
12:56basically gone.
12:58And some people don't even realize
12:59they're tilting until the account is
13:00actually gone.
13:02So, how do you know that you tilted?
13:05Well, it's not necessarily based off of
13:07emotions, it's based off of behavior.
13:09You got to watch your behavior. It's not
13:11your feelings. Like, did you just take a
13:13trade that didn't fully meet your
13:15criteria? Did you just increase your
13:17size because you lost three in a row and
13:19you're trying to make it back quicker?
13:21Did you just hold past your stop because
13:23you think it's some type of liquidity
13:25grab and that it's going to come back?
13:27Those are all tilt behaviors and you can
13:29be totally calm while you do all of
13:31that. And they're almost always
13:33invisible to the person that is doing
13:36it. And I've blown more accounts
13:39from tilt
13:41than anything else. Before I started
13:42trading, I used to just gamble all the
13:44time. I'd go to the casino
13:46probably every weekend, knew I was going
13:49to lose money, I found it fun.
13:51I just loved to gamble. And then I
13:53started trading
13:55and then I traded the same way and then
13:57it just
13:59I tilted constantly every day, blow like
14:01two, three accounts every day. I'd hit
14:04my daily loss limit. I'd tell myself I
14:07was just going to take one more trade,
14:10see if I can make it just a little bit
14:11less of a loss, and that turned into
14:13another trade and another trade and
14:15another trade. And then next thing I
14:16know, my account's gone. Whip out the
14:18credit card, go get another account, do
14:20the same exact [ __ ] over again. And I
14:22thought I was being
14:24disciplined by like sitting there and
14:27watching the charts and making sure I
14:29wasn't missing any opportunities and not
14:31getting distracted, but I was actually
14:33doing the opposite. The fix isn't
14:35necessarily having willpower. The fix is
14:39having hard rules set in place that
14:42stops the day before tilt
14:45ever sets, before tilt ever gives you
14:48the opportunity to even act on it. When
14:50you hit your daily loss limit, you close
14:52the platform. Not after one more trade,
14:55not after you sit there for another 20
14:57minutes and see if a better opportunity
15:00pops up, not after you check the chart
15:02one more time.
15:04You close it. You just close it. And so,
15:07there are things that people who are
15:09trading, who are struggling trading,
15:12don't realize is even happening. And the
15:15way that most traders approach this is
15:17you see somebody online, he makes a lot
15:19of money, you go, "Oh, that looked easy.
15:22I want to learn how to trade." You click
15:23on the guy's profile. Oh, in this guy's
15:25profile, he's got this one strategy or
15:27this one setup that changes his life.
15:30That he has this 90% win rate Whatever
15:33the [ __ ] it says, I don't know.
15:35People say the same [ __ ] but the point
15:37is it's just like you try and learn it
15:40and you try and make it work. And that's
15:41the first thing you do, you just try and
15:43make the strategy work. Then you
15:45realize, "Oh, I need risk management."
15:48And then so, you start reading about
15:50psychology. You hear traders say you
15:51need to read Trading in the Zone and
15:53Best Loser Wins and all these different
15:56things. So, then you start focusing on
15:57that. And then eventually, after losing
16:00a lot of money, you start to understand
16:02that you should have started with the
16:04foundation.
16:06Should have started with the foundation.
16:09Not the strategy.
16:10Strategy's not the foundation. The
16:12strategy is something you build on top
16:13of the foundation. But people do it
16:15backwards. And doing it backwards is
16:18going to cause you
16:20to lose
16:21thousands of dollars. Think about it
16:24like building a house, okay?
16:27If you know anything about building a
16:28house, you have to lay a foundation
16:31before you put up the walls. You don't
16:34put up the walls before you pour the
16:36foundation. You don't put the roof on
16:38before you build the walls. And it
16:40happens in a specific order because each
16:43layer depends on the one below it.
16:46You don't put up the walls on a [ __ ]
16:50foundation and then start to blame the
16:52walls for not staying upright. That's
16:55not [laughter] how it works.
16:56And trading is identical to that.
16:58Foundation first.
17:00How does the market actually work? What
17:02am I trading? Like, what is this? How to
17:05manage risk? How to take losses
17:07correctly? Then the strategy. Then
17:10bankroll management and scaling. It's in
17:12that order, always.
17:14Always. The typical order is like people
17:17will come in, learn a strategy, try and
17:19scale it, then try and learn learn
17:22risk management and psychology,
17:25and then try and figure out what the
17:26market's actually doing.
17:28You're doing it backwards. If you jump
17:30to the strategy before you build a
17:32foundation, you are going to blow up.
17:35You are going to lose.
17:37You may get lucky, you may have some
17:38variance, you may have like a good month
17:40or whatever, but over time, you're going
17:42to lose. And then you're going to blame
17:44the strategy. You're going to say, "Oh,
17:46well, that strategy doesn't work." And
17:48you're going to go to another strategy.
17:49And then it's going to happen again
17:52because the foundation was never there
17:54to begin with. So, what do we actually
17:56need to do?
17:58Well, we need to start with the right
17:59goal.
18:00So, the first shift is the hardest one
18:04because it feels counterintuitive. Stop
18:07trying to make money.
18:10You need to start trying to stay in the
18:12game.
18:14I know how that sounds.
18:15You're trading because you want to make
18:17money. We're all trading because we want
18:19to make money. I know, I get it.
18:22But here's the thing. For me, when I
18:23stopped focusing on trying to make money
18:27and started focusing purely on
18:29surviving, on not blowing accounts, not
18:32blowing two, three, four accounts every
18:34single day, not whipping out my credit
18:37card to then re-up on more accounts just
18:40to do the same [ __ ] again, that's when
18:42the money actually started coming. It's
18:44a paradox, right? You heard it. Chase
18:47the money, it runs. Stop chasing, it
18:50follows. So, practically, what does this
18:53look like? Well,
18:55every morning before you sit down,
18:58your only question your only question
19:00really is, "What's the most I'm willing
19:03to lose today?" And when you hit that
19:05number, and it has to be a real number.
19:07See, here here's the issue. People
19:09will be like, "I'm going to
19:12uh stop trading after I lose $500." But
19:15they were never really willing to risk
19:18$500 in the first place. And so, when
19:20you do hit that $500,
19:23it's uncomfortable.
19:25And you want to fix that uncomfort.
19:28So, you're going to try and fix it, and
19:30that means you're going to try and
19:31continue to trade. So, when you set a
19:34daily loss limit, you need to be
19:37honest about it. You People set loss
19:40limits without really thinking about
19:43what it's going to be like when they
19:45actually hit that loss limit.
19:47So, it's really important that you
19:49choose
19:50the right number for you. I can't tell
19:53you what it is.
19:55Somebody can be totally comfortable with
19:56losing a thousand dollars on the day.
19:58Somebody might not be comfortable losing
20:01a few hundred dollars on the day.
20:03Now, if you're not willing to lose any
20:05money on the day, well, then guess what?
20:06You should probably go do something else
20:08cuz you're going to There's going to be
20:09days where we lose. We're not thinking
20:11about, "Oh, I'm sitting down at my
20:12computer. How much money am I going to
20:14try and make today? What's my profit
20:16target today?" It's What is the maximum
20:19amount of damage that I can live with
20:22before I shut it down?
20:24Before I stop. So, that's the lens.
20:26That's the foundation of every good
20:29trading day. The traders that I have met
20:33in this space that I actually respect,
20:36the ones who are who are actually
20:38consistently profitable,
20:40they all have one thing in common. They
20:43care way more about how they traded than
20:47how much money they made. A losing trade
20:49that was executed correctly, like right
20:52entry criteria, proper sizing, properly
20:55placed stop, taken off at a structural
20:58invalidation area, that's a good trade.
21:01You did your job. The market just didn't
21:03cooperate at that time. A winning trade
21:06that came from a revenge trade where you
21:09already broke all your rules and you're
21:11just trading
21:12out of desperation to make your money
21:14back, that's a bad trade. It doesn't
21:16matter if it wins or loses. That is a
21:18bad trade. Even if it made money. It's a
21:21bad trade even if it made money. Because
21:23you didn't trust your process. You
21:24gambled. You got lucky.
21:27And that's not going to consistently
21:29happen over a long period of time. It's
21:32a ticking time bomb.
21:34If you do that, that is a ticking time
21:36bomb. You're going to blow all of your
21:38accounts if you continuously do that.
21:41The process has to be defined before you
21:43ever touch a live account. Before you
21:45ever get into a funded account, not
21:48after. And definitely not while you're
21:50figuring it out. Before. Has to be
21:52before. So, if you're serious
21:55and you're struggling
21:58with trading,
21:59if you're serious about trying to be
22:01profitable and trying to actually change
22:04the results or the outcomes of your
22:06effort, here is the sequence. And I need
22:09you to trust this order because every
22:11step depends on the one before it. The
22:13first step
22:15in the proper foundation for learning
22:17how to trade is understanding how the
22:19market actually moves. Not pattern
22:22recognition. Not when this candle
22:24pattern appears, you you buy or when
22:27this uh indicator prints a buy signal,
22:30you buy it and this is where you place
22:32your stop and your TP. No. Understanding
22:34why price is actually moving. What is
22:37driving it?
22:39Why is it bouncing back and forth? Why
22:41is it running in a singular direction?
22:44And who's on the side Who's on the other
22:46side of the trade that you're you're
22:48taking? Because without this, you're
22:51essentially just guessing. The second
22:53step is risk management. And that
22:55includes like how to actually take a
22:57loss. Because they're going to happen.
23:00How to take a loss. How to size into
23:03positions. How to define before the
23:06entry what it is that you're actually
23:08doing. And where it is where you're
23:12wrong.
23:13This is the foundation for everything.
23:16And if you skip this, the other steps
23:18are just going to fall apart. Step three
23:21is the strategy and the entries.
23:23Actually learning and validating
23:26validating
23:28what your edge is and how to execute on
23:30it.
23:31Again, perfect psychology with a
23:33[ __ ] edge is not going to work. It's
23:35just not going to work over a long
23:37period of time. It won't have You won't
23:39be successful unless you have an edge.
23:42There's no going around it. Anyone who
23:44sits here and makes these types of
23:45videos and tries to talk about
23:47psychology, at the end of the day, it is
23:50the strategy, too. It is. You do need to
23:52have an edge.
23:54But the thing is is is just that this is
23:56where most traders start and it's the
23:58wrong starting point. It's just the
24:00wrong way to start. It should be after
24:03the first two steps. And then the fourth
24:06step, if you're trading prop firms, is
24:08bankroll management, but specifically
24:10with prop firms. How to use payouts to
24:13fund evaluations, how to scale properly
24:16without ever going into the red, and how
24:18to build multiple income streams from
24:21multiple funded accounts. That's the
24:23order. Foundation, risk, edge, and then
24:27scaling. Most people try and do like
24:30edge first, scale second, risk third,
24:34and then fourth is the foundation. And
24:37they wonder why
24:39nothing works.
24:40And the last thing that I want to talk
24:42about in this video before we wrap it up
24:44is just the timeline.
24:46People get into trading because they it
24:48looks like it's so easy. It looks like
24:50it's so easy, right? People get into
24:53trading and they expect to be profitable
24:55in like three months. And when they're
24:57not, they feel like they're failing.
24:59They see everything online. Everyone's
25:01always winning, right? That's the only
25:03thing we see online. Everyone's always
25:05winning. Why am I the only one that's
25:06losing?
25:07And then they say, "Trading is a scam.
25:11All these videos of these guys who are
25:12telling me strategies,
25:14they say it works for them. I tried it.
25:16It doesn't work for me. I'm losing every
25:18day. Trading this guy's same strategy
25:20and he's winning every day. This [ __ ] is
25:22a scam." Well, take some time to be good
25:25at trading. It takes some time.
25:28You know, they say like you hear the
25:30thing where they say it takes two to
25:32three years to be profitable in trading.
25:34And for some people it might be faster
25:36and for others it might be longer.
25:38And it all has to do with the behaviors
25:42and the person that is actually
25:45attempting to trade because everybody's
25:47different.
25:48There's going to be people who have
25:51behaviors and tendencies that they do in
25:53their normal day-to-day life that's
25:55going to translate well to trading. And
25:57then there's other people, like myself,
25:59who like to gamble where that's a
26:01terrible thing to bring into trading,
26:03but you're going to bring it in because
26:04those are behaviors and and patterns
26:06that you typically do outside of
26:08trading.
26:09So, depending on the person, it can take
26:11a long time or
26:13it can just start working for you
26:15because, again, everybody's different.
26:18But they say two to three years to be
26:21profitable. Now, do I believe that? Uh I
26:23don't really know. Did it take me two
26:25years basically to become profitable?
26:27Yeah. So, I guess I support that
26:29statistic. So, that's that's one thing
26:32to consider. But that's just the reality
26:35of it. We'll just say two to three
26:36years. That means two to three years of
26:39losing money, of learning, adjusting,
26:41tweaking, and building the mental
26:44infrastructure to be able to
26:46successfully trade profitably,
26:49consistently, long-term. And I'm not
26:52saying that necessarily to discourage
26:55you. I'm saying that because it's
26:57important to understand the timeline of
26:59this learning curve or this process
27:02going into it. I'm sure a lot of people
27:04who are watching this video are I mean,
27:07I would assume, are probably in their
27:09first or second year of trading and
27:10they're or even their first couple
27:12months of trading and they're not
27:13finding success. If you understand the
27:16timeline,
27:17you're going to make decisions that are
27:19going to keep you in the game long
27:21enough to get there instead of blowing
27:23everything, trying to shortcut it, and
27:26then just saying, "This [ __ ] doesn't
27:28[ __ ] work." And then quitting. The
27:30people that lose everything, why? They
27:33try and shortcut the timeline. It takes
27:35time to learn how to trade properly.
27:38We're dealing with money. We're dealing
27:40with emotions. We're We're This is not
27:42easy. People size up too fast. They
27:44over-leverage. They can't accept the
27:46fact that they're wrong. They don't like
27:47being wrong. They skip the foundation.
27:51And the people who make it, well,
27:53they understand that this is a long-term
27:55game. That this is a long game. And they
27:58decide that they actually want to play
27:59the long game. If you have the right
28:01process and you actually follow it, I
28:03genuinely think you can cut that two to
28:05three years down significantly. And
28:07that's not because trading gets easier,
28:10but it's because you stop wasting time
28:12on the things that don't actually
28:14matter. So, here's where we are. You've
28:16been probably blaming the strategy,
28:19watching new YouTube videos, jumping to
28:21different strategies, blaming that one,
28:24then thinking maybe uh it's my
28:26psychology, start reading a book about
28:28psychology,
28:30start journaling how you feel when you
28:32take a trade.
28:33That's your version of journaling,
28:35writing down your feelings. And yeah,
28:37that strategy might actually have
28:40problems. Sure. Just like how we
28:42mentioned earlier in the uh in the in
28:45the beginning of the video.
28:47But usually, for most people, the
28:49strategy was never actually the problem.
28:52And it's never what's actually killing
28:54your account over and over and over and
28:56over. What's killing your account is
28:58trying to execute an edge on top of a
29:00foundation that was never built. That's
29:02the whole thing. That's the whole point
29:04of this video. I'm not telling you
29:07I'm not telling you that oh, edge
29:09doesn't matter or you could trade
29:11whatever you want and a strategy about
29:13the moon and the stars aligning will
29:15tell you what the markets are going to
29:16do. No, I'm not saying that. You need an
29:19actual edge. You need an actual
29:21strategy. Yes. Needs to exist.
29:24But if you have it and you don't have
29:26the foundation, you're never going to be
29:28able to execute it. And that doesn't
29:30mean learning psychology. There's a
29:32process. There is a system to this. It's
29:34not just, "Let me go read a book about
29:36psychology and uh
29:39uh let me write down my feelings after
29:41every trade." It
29:43It's It's all [ __ ] waste of time.
29:45It's all wasted time. That [ __ ] is If
29:47you're going to journal, first of all,
29:49we can make another video on that.
29:50That's not how you should be journaling.
29:52You shouldn't be writing down your
29:53feelings. That's
29:55a waste of time.
29:57That's like the That's like one of the
29:58things in journaling that matters
30:01probably the least, but we'll get to
30:03that in a different video. So,
30:05foundation first.
30:07Risk is second.
30:09Edge is third.
30:11And scaling is fourth. In that order.
30:15Do not mix it around.
30:17Don't do it. If you've been trading and
30:19you feel like you're stuck or you're not
30:21making any progress or you're doing the
30:22same [ __ ] over and over and over again
30:24and you don't realize why or you can't
30:26figure it out, I want you to honestly
30:29ask yourself, did I actually build the
30:31foundation or just straight up jump into
30:34trading trying to find an edge and
30:36figure out the rest along the way?
30:39Be honest because
30:41that answer
30:43is going to tell you exactly where you
30:45need to start. So, now that you
30:46understand why you're actually losing
30:48and what's causing you to probably lose
30:51and not be able to execute an edge even
30:52if it does exist, the next thing you
30:55need to do is to understand how the
30:57market actually moves at a structural
31:00level because without that, even with
31:03perfect risk management, if you don't
31:05know what's going on
31:07or what it is that we're trading and why
31:09it's doing the things that it's doing,
31:11you're still going to be taking entries
31:14and not knowing why. And there's a
31:16framework that I use to read every trade
31:19that I take, every single trade, and
31:21it's rooted in how markets actually move
31:24and how they actually work as a live
31:27auction. And if you understand that
31:31and you read it, the way you see the
31:33charts can completely change. So, I'll
31:35include it in the description. And
31:37again, the last thing I'm going to say
31:38is none of this None of this matters
31:40also, by the way,
31:42if you don't have any self-control and
31:44you don't have any discipline and you
31:46don't have an edge.
31:48But, the last thing I'm going to mention
31:50about that
31:51is that
31:53if you build a proper foundation
31:56and you're actually exercising on
31:58building on top of that
32:00foundation that was properly built,
32:03it'll be easier to understand when you
32:06need to adjust your trading strategy.
32:08Otherwise, you're going to be adjusting
32:10a trading strategy and how you execute
32:13on it and you're ignoring what's
32:15actually the problem. And that is the
32:16entire point of this video. So, that's
32:19it. I'll catch you guys next time.
32:21Peace.

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