Market Mechanics Ep 4: Reprogramming Your Mind — Transcript
Full transcript
- 0:00You see, most traders think that the
- 0:01biggest problem is strategy. So, they
- 0:04spend all their time and effort looking
- 0:06for a better setup, a better
- 0:07confirmation, a better concept, a better
- 0:10trading system.
- 0:13But the truth is, you do not trade the
- 0:15market. You trade your belief about the
- 0:17market.
- 0:19Which means that your results are not
- 0:20just shaped by your trading strategy.
- 0:23They are shaped by your identity, your
- 0:26emotions, and the belief that is running
- 0:29in the background every single time you
- 0:31sit down to trade.
- 0:33Because if the belief is broken, the
- 0:35execution will always break.
- 0:37And that is exactly why in this lesson,
- 0:40I want to talk about something deeper.
- 0:43How to reprogram your mind and your
- 0:46belief for trading.
- 0:49Because until you change your inner
- 0:51operating system, which is driving your
- 0:53actions, you will keep repeating the
- 0:55same emotional patterns over and over
- 0:58again, the same mistakes over and over
- 1:01again, and just get the same results.
- 1:04So, with that being said, let's dive
- 1:06into the lesson about mindset. What if I
- 1:09tell you that we are only perceiving 1%
- 1:12of reality?
- 1:14You heard that right. Our sensory organs
- 1:17are only capable of perceiving 1% of
- 1:21reality.
- 1:23Right, so
- 1:24we cannot right, we don't have the power
- 1:27yet to perceive the objective reality.
- 1:30We see our own perception of the
- 1:33reality, right? We can only see how the
- 1:35world works based on our past
- 1:37experiences, right? Based on
- 1:40the limitations of our organs. Right?
- 1:43Our eyes, our ears, our nose, blah blah
- 1:45blah, right? And if you look at the
- 1:46eyes, there is certain colors that you
- 1:49can't see, right? Because once again,
- 1:51our eyes is quite limited. We can only
- 1:53see
- 1:54like one sort of like color on the
- 1:58entire color spectrum. And then also our
- 2:01mind can only see three dimensions,
- 2:03right? Like we we we can't even be in
- 2:05the fourth dimension, the fifth
- 2:06dimension, the sixth dimension, the
- 2:08seventh dimension, because once again,
- 2:10we don't have the ability to actually
- 2:12perceive those dimensions yet, right?
- 2:14So, if you look at it fundamentally,
- 2:16this pretty much means that
- 2:19the reality that that that you perceive
- 2:22is not the same as the reality that I
- 2:24perceive.
- 2:25And it's the exact same thing with
- 2:27trading.
- 2:28You don't actually trade the market. You
- 2:30trade your belief about the market.
- 2:33Which means that you need to train your
- 2:34mind to acknowledge the fact that the
- 2:37market that you see is just one of 14
- 2:40million other versions of the market.
- 2:43One version for every trader that is
- 2:46actively trading the market itself.
- 2:48Right, so we all don't trade the market,
- 2:50we trade our belief of about the market.
- 2:52Which means that your results are not
- 2:53kept by your strategy. They are kept by
- 2:56the belief that is running in the
- 2:57background.
- 2:59This is something that I've talked about
- 3:01a lot inside the self-transcendence
- 3:03course module. So, I'm pretty sure you
- 3:04understand what I'm talking about right
- 3:05here. But I want to further like drive
- 3:07this point home, because I don't think
- 3:09you understand how important the belief
- 3:11are. Because belief actually creates
- 3:13your emotional defaults. It creates your
- 3:15risk behavior, or rather your
- 3:17relationship with risk and failure. It
- 3:20creates what you think you deserve,
- 3:22right? Are you worthy or not? It also
- 3:25creates what you do under pressure.
- 3:27Which automatically means that if the
- 3:28belief is broken, the execution will
- 3:31always break.
- 3:32If the belief is broken, you will not
- 3:34get consistent results,
- 3:36because your execution will always be
- 3:39inconsistent.
- 3:42If you feel unworthy of the profits,
- 3:46then guess what? The next time you
- 3:48actually make money, you will start to
- 3:50self-sabotage, right? By taking trades
- 3:52that is not aligned with your trade
- 3:53plan, and give back your profits back to
- 3:55the market itself. Because
- 3:58you didn't believe you were worthy of
- 4:00the profits itself.
- 4:02And this is the main loop, right? It's
- 4:04basically belief leads to an emotion,
- 4:06and that leads to an action, and action
- 4:09leads to a result, and the result
- 4:12reinforces the belief. Okay, so here's
- 4:14an example.
- 4:15If you believe that I'm not a consistent
- 4:17trader, I'm not a consistent trader yet.
- 4:20Now, the emotion that you feel is the
- 4:22ah, I don't know whether I can do this,
- 4:23man. After I am not a consistent trader,
- 4:25right? I am not a profitable trader. So,
- 4:29hmm, I don't know whether my trade plan
- 4:30works or not. Okay, so that breeds
- 4:32doubt. And that doubt or the sense of
- 4:35urgency, right? You know, I need to make
- 4:37money today, because I'm not consistent
- 4:39yet. That leads you into taking the
- 4:41action of forcing trades, or breaking
- 4:44rules, or just not trusting your trade
- 4:46plan in general. And when you take these
- 4:48actions, which is clearly harmful to
- 4:50you, guess what? You get
- 4:53the result that you unconsciously were
- 4:55seeking in the first place, which is
- 4:58messy P&L. You know, sometimes you lose,
- 5:00sometimes you win. It's very difficult
- 5:02for you to get consistent profits. It's
- 5:04very difficult for you to end the month
- 5:05consistent uh end the month profitable,
- 5:08because
- 5:09you know, your execution is all over the
- 5:10place.
- 5:12And when you get the results
- 5:15that is clearly showing you that you
- 5:17suck at trading, guess what? This
- 5:19reinforces the belief that you are not
- 5:22consistent.
- 5:24This makes you feel sad, makes you feel
- 5:27you are not worthy.
- 5:29And once again,
- 5:30reinforcing this belief right here, and
- 5:32you are stuck in this loop over and over
- 5:34again until you decide to change. Okay,
- 5:37like majority of the traders,
- 5:40they don't change. So, as a result, they
- 5:42stuck in this loop over and over again,
- 5:43right? Because they forgot to change
- 5:44themselves. Like they master all the
- 5:46technical analysis, they learn all the
- 5:48concepts and strategies in the world,
- 5:50but they don't change their inner
- 5:51operating system. They don't change
- 5:53their belief system. They don't change
- 5:54their world view.
- 5:56And as a result, they get the same
- 5:57results over and over again, and they
- 5:59repeat this cycle until they eventually
- 6:01lose everything, and until they quit
- 6:02trading.
- 6:04Right, so reprogram.
- 6:08This is why we need to reprogram, right?
- 6:10Reprogramming is breaking this loop.
- 6:13What does reprogram means? It means
- 6:16deleting the old belief and installing
- 6:19the new belief. That's what
- 6:20reprogramming means, and that's what
- 6:23allows you to break this loop.
- 6:25So, there's this quote that I really
- 6:26love by Joe Dispenza, which he says that
- 6:29you cannot change your life from the
- 6:31same mindset that created it. You can't
- 6:33think the same thoughts, feel the same
- 6:35emotions, repeat the same habits, and
- 6:37expect a new reality. It just doesn't
- 6:39work that way. Change begins the moment
- 6:41you think greater than how you feel.
- 6:43When you stop rehearsing the past, and
- 6:45you start rehearsing your future.
- 6:48Like I said, nothing changes if nothing
- 6:49changes.
- 6:51If you keep on thinking the same
- 6:52thoughts, feeling the same emotions,
- 6:55doing the same behavior, you are going
- 6:57to get the same reality.
- 6:59Whatever got you to where you are right
- 7:01now,
- 7:03it's not going to get you to where you
- 7:04want to go.
- 7:05You have to change your identity. You
- 7:07have to change your belief. You have to
- 7:09break this vicious cycle.
- 7:12And I'm going to show you how to do it
- 7:13in this particular lesson itself, right?
- 7:16There's a few steps. Like I said, if you
- 7:18if you just do these five steps, and you
- 7:19do them consistently, right? You do them
- 7:22no matter
- 7:23what you feel, you do that regardless of
- 7:26your circumstances, regardless of, you
- 7:28know, like your old self trying to pull
- 7:30you back. That is how you change. Okay?
- 7:34So, the step one is to spot the belief.
- 7:36So, you want to find a sentence, right?
- 7:38Most beliefs sounds like simple
- 7:40sentences that you keep repeating. I
- 7:41always mess it up. I can't be patient. I
- 7:43need to make money today. If I miss it,
- 7:45I will never get another chance. This is
- 7:47a once-in-a-lifetime opportunity. I
- 7:49don't deserve to win.
- 7:52So, you want to write down the top three
- 7:54sentences that show up when you stress.
- 7:56Trust me, every single day when you wake
- 7:58up, you go to the market,
- 8:00these three sentences are usually the
- 8:04things that I just repeat in your head
- 8:05over and over again, right? Like this is
- 8:07what your subconscious is telling you
- 8:09every single day. Okay, it's very
- 8:11obvious. For me personally, the the
- 8:13three sentences that I hear over and
- 8:16over again in my head in my first year
- 8:17of trading is, I need to make money
- 8:19today.
- 8:21I suck at technical analysis. I can't
- 8:24control my emotions.
- 8:26Right? So, those were like the three
- 8:28beliefs that I tend to, you know, tell
- 8:29myself over and over again, right? So,
- 8:31it was infectious, right? It was simply
- 8:33like a disease. It's very harmful, and
- 8:35it caused me to actually believe it,
- 8:37right?
- 8:39So, just write down those three obvious
- 8:40sentences that, you know, you keep
- 8:42repeating in your head over and over
- 8:43again. Okay, just write them down. Next
- 8:45thing, find the evidence trail. Where
- 8:47did it come from?
- 8:50Ask yourself, when did I start believing
- 8:52this? Who taught me this? What moment
- 8:55made me made this feel true? Because
- 8:57most beliefs are old programming, not
- 8:59reality.
- 9:01And the interesting thing is that like
- 9:03believe it or not, but majority of your
- 9:05beliefs are formed in your first seven
- 9:07years.
- 9:08Right? Like from the minute you pop out
- 9:10of the womb up until the age of seven,
- 9:12this is where you are observing the
- 9:14world around you, right? How your
- 9:15parents behave, um what your friends are
- 9:19doing, what your teachers are telling
- 9:21you to do, right? Like these people
- 9:23around you, they are installing the
- 9:24belief that they are belief onto you,
- 9:26right? So, whatever you believe right
- 9:28now is most likely
- 9:31a belief that you had acquired from the
- 9:33society, from your parents, from your
- 9:36teachers, from your peers,
- 9:39since you were young.
- 9:40So, those are not your belief actually.
- 9:42It's just that it's the belief that the
- 9:44world has imposed onto you. Which also
- 9:46means that
- 9:48you can break out of them, right? Which
- 9:50also means that you can just get rid of
- 9:52them, because once again, those are not
- 9:53your belief in the first place, right?
- 9:55So, just ask yourself, okay, where did I
- 9:57learn this? Okay, like what happened in
- 10:00this particular scenario that caused me
- 10:02to believe in this? Right, maybe
- 10:05let's say right now I believe that I
- 10:07don't deserve to win. Okay, when did I
- 10:09start believing this? Well, maybe
- 10:10growing up my parents were always, you
- 10:13know, like arguing with each other over
- 10:15the importance of money, you know, like
- 10:16just pinching pennies and all that stuff
- 10:18and they all keep on saying that
- 10:21they are not worthy of success, okay,
- 10:23and that's
- 10:25and since I keep on hearing them say
- 10:26that same sentence over and over again,
- 10:28now I feel not worthy of success as
- 10:30well, right? Because my parents is
- 10:32better than me. They are the authority
- 10:34figures in my life when I was growing
- 10:35up, right? So, if they are saying that
- 10:37we are not worthy of success, then yeah,
- 10:38I believe that we are not worthy of
- 10:40success, right? So, I started believing
- 10:42this when I was young, okay, and that
- 10:43was taught back to me by my parents and
- 10:45then it was probably like reinforced
- 10:47when
- 10:51we had the opportunity to to like, you
- 10:53know, like make money, but like because
- 10:55of my parents' lack of belief, they gave
- 10:57up the opportunity, right? So, that
- 10:59moment made that feel true and that
- 11:01moment reinforced that belief that we
- 11:03are not unworthy, right? So, now that I
- 11:05start trading, I really believe that I'm
- 11:07unworthy of profits, I'm unworthy of
- 11:09becoming profitable, right? So, this
- 11:11was,
- 11:12you know, like the origin point of like
- 11:13this particular belief itself.
- 11:15And like I said, if you, you know, just
- 11:17follow the trail, you'll realize that
- 11:20once again, the belief is not yours in
- 11:22the first place. It's some form of
- 11:24authority figure that have installed the
- 11:26belief into you or like society has
- 11:29convinced you that it's true, okay? So,
- 11:32once again, just follow the paper trail.
- 11:35The next step is to identify the payoff.
- 11:38Why you keep the belief in the first
- 11:39place?
- 11:40Now, this is the part that people avoid,
- 11:42right?
- 11:43Because like I said, as humans, we tend
- 11:46to repeat
- 11:48the actions that we got rewarded for in
- 11:51the past.
- 11:54And we tend to
- 11:56stop doing the stuff that we got
- 11:57punished for in the past.
- 12:00For example, if when you were 6 year old
- 12:03and
- 12:05you know, like let's say you went to a
- 12:07sushi restaurant with your parents
- 12:09and you saw like this green paste thing
- 12:12which looks like green tea ice cream,
- 12:14right? But your parents know that it's
- 12:15wasabi.
- 12:17But then you didn't know it, right?
- 12:18Because it's your first time looking at
- 12:19this green paste thing, right? So, as a
- 12:20result, you you eat a like one scoop of
- 12:23wasabi, you
- 12:24and then you immediately spit it out.
- 12:25You're like, "What the hell is this?
- 12:27This is not sweet. This is disgusting."
- 12:30Okay, so
- 12:31now after that moment, you never ever
- 12:33eat wasabi again because you know that
- 12:35wasabi is not this green tea ice cream,
- 12:37right? It's this like horrendous spicy
- 12:40tasting thing. Okay, so
- 12:44and that belief led you into, you know,
- 12:46into adult years. Whenever you see
- 12:48wasabi, you just don't even bother eat
- 12:50like looking at it. You don't even
- 12:51bother like opening a packet of it
- 12:53because you know that it sucks.
- 12:56Similarly, right? Maybe when you were
- 12:58young, you were good at cooking, you
- 13:01know, or rather like No, let's say
- 13:03drawing, okay? Let's say you draw you
- 13:05you you did some scribbles and then like
- 13:07you gave it to your parents and they
- 13:08say, "Wow, good job, John. You're going
- 13:10to be an artist in the future, right?"
- 13:12That drawing looks majestic, right? Very
- 13:15very nice.
- 13:17Now, guess what? You got rewarded for
- 13:19your painting, right? You got rewarded
- 13:21for your drawing. So, the next time you
- 13:23start drawing, you're going to feel more
- 13:24confident to draw again and then the art
- 13:28piece is going to look even better than
- 13:30the first time round. And now you follow
- 13:32into your adult years and now you really
- 13:34believe that you are the greatest
- 13:35painter in the entire world because like
- 13:37your parents say that you you are good
- 13:38at
- 13:39drawing.
- 13:40Right? Once again, you tend to repeat
- 13:42the behaviors that you got rewarded for
- 13:44in the past.
- 13:45Okay, so
- 13:47same thing right here. What do I get to
- 13:48avoid if I keep this belief?
- 13:51If I believe that I'm not consistent, I
- 13:53avoid the responsibility of being
- 13:54consistent.
- 13:56If I believe that the market is against
- 13:58me, I avoid accountability. If I believe
- 14:00that I need to win today, I avoid
- 14:02sitting with discomfort.
- 14:05And if you go down to the root cause,
- 14:06you realize that every limiting belief
- 14:08protects you from something.
- 14:11Whether that's pain, whether that's
- 14:13uncertainty, it always protect you from
- 14:15something.
- 14:17And the next step is to replace it.
- 14:19Okay, here's the interesting thing. It's
- 14:20very difficult for you to get rid of the
- 14:22old belief, but it's easier for you to
- 14:24replace it.
- 14:26Right? It's the same thing with bad
- 14:27habits. It's very difficult for you to
- 14:28quit smoking, but it's easy for you to
- 14:31replace it with vape.
- 14:33Right? And then eventually you replace
- 14:34the vape with breathing air or something
- 14:37like that, right? So, you can see, it's
- 14:38difficult to like just completely get
- 14:40rid of a belief or a habit, but it's
- 14:42easy for you to replace it and replacing
- 14:44it, that's the starting point, right?
- 14:46When you can replace it, then you can
- 14:47start to install the new belief. You can
- 14:50start to reinforce the new belief.
- 14:52So, here's a bad example of this, right?
- 14:56So, right now you believe that you're
- 14:58unworthy of profits.
- 15:00And now if I tell you to believe that
- 15:02you are the best trader alive
- 15:04you are not going to believe it, right?
- 15:05It's like because once again
- 15:08you haven't given yourself sufficient
- 15:10evidence
- 15:12to support the fact that you are indeed
- 15:15the best trader alive, right? So, what
- 15:17happens that your nervous system will
- 15:18reject it. And once again, this is
- 15:20something that is very outcome oriented,
- 15:22right? It's very difficult for you to
- 15:25believe that you are the best trader
- 15:26alive when you don't have the evidence
- 15:30to support this belief.
- 15:33Good replacement is grounded. It's more
- 15:35process oriented, right? So, for
- 15:37example, the old belief is I'm not
- 15:39consistent at trading. Well, the new
- 15:40belief instead of I'm the best trader
- 15:42alive, it could be I'm becoming
- 15:45consistent by following my rules one
- 15:47trade at a time.
- 15:50Is this something that's within your
- 15:51control? Yes. Is this something that is
- 15:53realistic? Yes.
- 15:55Is this something that is process
- 15:56oriented? Yes, it is.
- 15:58Which means that you can do it today.
- 16:00And if you do it today
- 16:03eventually you're going to get rewarded
- 16:04for it and that reward will reinforce
- 16:07this new belief.
- 16:10Okay, so I want you to use this
- 16:11structure.
- 16:14I am the type of person who
- 16:16I am the type of person who waits for A+
- 16:18setups. I am the type of trader who
- 16:20respects stops without negotiation. I am
- 16:23the type of trader who can be bought and
- 16:24still be disciplined.
- 16:27Like I said, it's all about shifting
- 16:29your identity. The best way to change
- 16:31your belief is to change your identity.
- 16:34Okay, it's not to focus on the actions,
- 16:36but focus on the identity.
- 16:39Similarly, if you're trying to quit
- 16:40smoking, you cannot be saying stupid
- 16:42like
- 16:43I will only smoke one stick a day or I
- 16:46will cut down to, you know,
- 16:49like just maybe smoking when
- 16:52I'll finish my work. No, you're going to
- 16:55retain that habit. You have to say, "I
- 16:57am not a smoker."
- 17:00Once you start believing that you're not
- 17:01a smoker, you will steer away from
- 17:03cigarettes.
- 17:04Same thing for if you're alcoholic, same
- 17:06thing if you're gambling addict or
- 17:08gaming addict, whatever it is, you must
- 17:10start off with the identity. I am not a
- 17:13consistently I am not a inconsistent
- 17:16trader. I am the type of trader who
- 17:19execute my trade plan consistently.
- 17:22Okay, now you automatically act in
- 17:23accordance with your belief, with your
- 17:25identity, right? So, yeah, do that. The
- 17:28next step is to install the new belief.
- 17:31Once again, a belief isn't changed by
- 17:33logic. You can't just boom, you know,
- 17:35get rid of the old belief and you
- 17:37install the new belief like right now
- 17:38today. No.
- 17:40It needs
- 17:41three things: repetition, emotion, and
- 17:45proof.
- 17:46Repetition, you need to
- 17:48consciously
- 17:50install the new neurological pathways in
- 17:53your brain and you do that by ensuring
- 17:56that you repeat the same action over and
- 17:58over again
- 18:00for an extended period of time. You need
- 18:02to feel an emotion, right? Like I said,
- 18:04you need to really feel that you are
- 18:07actually changing. You need to feel the
- 18:09feeling of
- 18:11consistency. You need to feel
- 18:14the feeling of discipline.
- 18:16Right?
- 18:17You need to really like shift your
- 18:18emotional state because when you do
- 18:20this, you are
- 18:21changing your vibration. You are
- 18:23changing your frequency, your energy.
- 18:25And then you also need to get proof to
- 18:27further reaffirm this belief. And guess
- 18:30what? Proof only comes when you have
- 18:32done the thing consistently enough for
- 18:35the market to reward you.
- 18:37Right? So
- 18:38it's really like this
- 18:41virtuous cycle, right? Where you do you
- 18:44believe this new thing and you do the
- 18:46new thing and you get rewarded for the
- 18:48doing the new thing and this further
- 18:49reaffirms the belief that the
- 18:51the new belief actually works. Right?
- 18:54And then you just like do this cycle
- 18:55this loop over and over again. That's
- 18:57how you install the new belief. That's
- 18:59how you install the new newer networks
- 19:01in your brain. So, for the next 7 days,
- 19:03do this, okay? Every morning, read your
- 19:06new identity belief out loud. Feel the
- 19:09emotion of it being real. Calm,
- 19:11certainty, courageous, discipline,
- 19:15focus, really like feel the emotion.
- 19:18Visualize that one scene where you acted
- 19:20out.
- 19:22Once again, remember, your brain doesn't
- 19:24know the difference between your
- 19:25imagination and reality,
- 19:28which means that when you do this, what
- 19:30you're doing is that
- 19:31you're actively rehearsing your future.
- 19:37Because change begins the moment you
- 19:38think greater than how you feel. When
- 19:40you stop rehearsing your past and start
- 19:42rehearsing your future.
- 19:44And subconsciously you are literally
- 19:47getting rid of the old you and
- 19:48installing the new you.
- 19:51And guess what? When you do that, your
- 19:53conscious body is going to be taking the
- 19:56actions that is in alignment with the
- 19:57higher self.
- 19:59In alignment with the new belief, the
- 20:01new identity that you have installed
- 20:02into yourself.
- 20:03That's how powerful this is.
- 20:05And then every single night, you want to
- 20:06write one proof that you have lived it
- 20:08today.
- 20:09Write one moment you have broke it and
- 20:11what triggered it.
- 20:12And decide the one adjustment for
- 20:14tomorrow.
- 20:15The goal for doing this is not to punish
- 20:16you. It's just to make you more aware.
- 20:19It's just to make you more conscious.
- 20:22Because the minute you decide to be more
- 20:24conscious of yourself, right? That is
- 20:27where
- 20:28your unconscious self start losing
- 20:30control over you.
- 20:32Every single time you get conscious of
- 20:34your unconscious patterns,
- 20:36the pull that the unconscious self have
- 20:38over you starts weakening.
- 20:40Which means that you are slowly but
- 20:41surely taking back control of your life.
- 20:45That's how powerful this is. Okay, this
- 20:47is how you build evidence. This is how
- 20:49you build confidence. Right? Confidence
- 20:51comes from evidence.
- 20:55Now,
- 20:56here's the belief ladder, right? So this
- 20:57is like a trick that I want you to have
- 21:00at the back of your pocket, right?
- 21:02Whenever it starts getting too hard. If
- 21:04a new belief feels too big, right? It
- 21:06feels too like audacious, feels too
- 21:08difficult to attain or difficult to
- 21:11install into your system, you want to
- 21:13just break it down by using a ladder.
- 21:15Okay, so for example, your belief is
- 21:18I can't be disciplined. Okay, that was
- 21:20your old limiting belief, which once
- 21:22again doesn't serve you.
- 21:24Instead of
- 21:25having a new belief that say, I can be
- 21:27disciplined, I must be disciplined,
- 21:29right? Which seems very difficult for
- 21:31you to do at the start because you can't
- 21:32just go from a guy who doesn't work out
- 21:33at all to a guy who's,
- 21:35you know, working out consistently 7
- 21:37days a week, two training sessions a
- 21:39day, right? No,
- 21:41you cannot make that 180 switch
- 21:42immediately. You need to slowly ease
- 21:44into it. Right? Which means that you
- 21:46need to break the new belief, which is I
- 21:48must be disciplined, into steps that you
- 21:51can actually take every single day and
- 21:53you can actually measure it. Right? For
- 21:54example, I can be disciplined for the
- 21:57next 60 minutes.
- 22:00For the next 60 minutes, I can just
- 22:01review and execute the trades according
- 22:04to my trade plan. That's it. I don't
- 22:05have to do it for the whole day, just do
- 22:06it for the next 60 minutes.
- 22:08This is so that I can build momentum.
- 22:10Right? This is so that I can build this
- 22:11belief into like a habit. I can follow
- 22:14my rules for the next trade. Can you do
- 22:15that? Yes, you can, right? It's just one
- 22:17simple action, which once again further
- 22:20reinforces the belief that you are a
- 22:22disciplined trader. I can say one day, I
- 22:24am disciplined. Right? So you can see,
- 22:25it's a ladder where you start from small
- 22:28steps, taking baby steps, and then
- 22:30eventually take even bigger steps,
- 22:33and then eventually, slowly but surely,
- 22:35you do it consistently enough,
- 22:37you have just built a new belief.
- 22:39And a new belief have just overpowered
- 22:41the old belief.
- 22:42And this is how you, you know, release
- 22:44the old you and
- 22:47integrate or walk into the new you.
- 22:51So here's some examples, right? When it
- 22:53comes to trading.
- 22:55Scarcity belief, I need to make money
- 22:57today.
- 22:58Your new belief is my job is execution,
- 23:01the money is a byproduct. Urgency
- 23:03belief, if I miss this opportunity, I'm
- 23:05done. I'm cooked.
- 23:07There will always be another setup,
- 23:08right? The next bus is coming in the
- 23:10next 5 minutes.
- 23:12Worthiness belief, I don't deserve to
- 23:14win. I don't deserve to make money.
- 23:15I deserve the outcome of my process.
- 23:19Once again, realize that I didn't put I
- 23:21deserve to win. No, you don't deserve
- 23:23right? The market doesn't owe you
- 23:25You deserve
- 23:27to be rewarded if you execute your
- 23:29process
- 23:31consistently.
- 23:33If you actually done the preparation,
- 23:35the research, the analysis, you deserve
- 23:36it. But if you don't, you're not
- 23:38entitled to anything.
- 23:40Okay, so I deserve the outcome of my
- 23:42process. Control belief, I must predict
- 23:44to win. No, you don't have to predict
- 23:46the future in order to make money in the
- 23:48market. That's not how this game works.
- 23:50Here Here's our upgrade.
- 23:52Trading is a game of probabilities, not
- 23:55a game of certainty. Which means that if
- 23:57I can manage my risk,
- 23:59I can play the odds, I will win in the
- 24:01end. Right? So that's once again a new
- 24:03belief.
- 24:05So old belief, new belief, old belief,
- 24:07new belief, that's how you can slowly
- 24:09but surely rehearse the new you. And
- 24:11when you rehearse it long enough, you
- 24:13start to believe in it. And when you
- 24:14start to believe in it, you start to act
- 24:16in accordance with it. And suddenly, you
- 24:18are no longer the unprofitable trader
- 24:21who's inconsistent with his actions,
- 24:23who's giving back the profits back to
- 24:24the market, who's self-sabotaging all
- 24:25the time. And suddenly, you're just a
- 24:28new person who just doesn't do those
- 24:30behavior anymore. Right?
- 24:32It's like you don't even remember that
- 24:34old unprofitable self because now you
- 24:36have ascended.
- 24:38Now, this entire thing works because you
- 24:41stop trying to force discipline with
- 24:43your power, right? Notice how I didn't
- 24:45ask you to, oh, just be disciplined,
- 24:46just do the hard things, especially when
- 24:48you don't feel like it, you know, come
- 24:49hell or high water, just work, you know?
- 24:51No, that's useless.
- 24:54Right? Because that's still me trying to
- 24:56change your actions.
- 24:58But I understand that I cannot change
- 25:00your action. Or rather, it's pointless
- 25:02to change your action, because if I
- 25:03change your action or I convince you to
- 25:05do so, the next day
- 25:07or the next week, you're going to get
- 25:09back to doing the same old actions which
- 25:10didn't serve you. So I'd much rather
- 25:12change the belief. I'd much rather
- 25:15change your identity.
- 25:18You change the identity driving the
- 25:20behavior. And when beliefs change, your
- 25:22default actions change. And when your
- 25:24default actions change, your results
- 25:27change.
- 25:28Right? So I hope you have really like
- 25:29understood how important this is.
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