what's good welcome to boot camp day who [ __ ] knows um again in Miami recording for you guys right before the the FX Summit actually um so I'm gonna be you know chilling here for you know a little bit getting ready for my day um all the other guys are out getting coffee I already did that you know first one up first one up first one all right first one up last one to bed after this man they ain't waking up as early as me they ain't staying up as late as me anyways um
let's get into it today we're talking about discipline and pretty much most of today isn't going to be talking it's going to be me kind of telling you to do [ __ ] telling you to write down stuff um and it shouldn't be today really shouldn't take long it's really about identifying the problems that you know that you have and then you know Finding solutions for them so with that being said pull out your [ __ ] notebooks and if you don't have a notebook already pull out your notes app and then go drive to
the store and get a notebook that's part of your homework go grab a notebook if you you know that means you already failed [ __ ] day two's homework which was to go get a notebook or maybe that was even day one's uh homework let's get a [ __ ] notebook um so we got to get that [ __ ] covered okay so let's jump right into it okay we need to know how to identify our issues damn look at all that frizz we need to know how to identify our issues and then solve them
because if we can identify them that's that's one step in the right direction but if we can't solve them or if we can't make an attempt to fix them then we're [ __ ] because we'll always have that issue for the rest of for the rest of our life okay so with that being said you got your notebooks in front of you write down the three biggest issues you have with trading and guess what I'm going to tell you right now it has nothing to do with strategy so if you were going to write down
I can't find order blocks well shut the [ __ ] up I'm going to teach you how to do that finding order blogs is the easiest [ __ ] ever let's focus on the hardship the discipline [ __ ] maybe maybe you have uh maybe you have trouble with knowing when to stop trading maybe you have trouble over leveraging because you know like you you risk like 10 of trade instead of one percent because you think that still sort of risk management and you're losing a lot of money that's a problem right do something related
to risk management do something related to emotions do something related to psychology not a [ __ ] [ __ ] ass strategy okay so write down your three biggest problems okay and now we're going to talk about how we can come down to the [ __ ] root of those problems okay and figure figure it the [ __ ] out okay so let's do that that first example that I said um maybe you know it's hard for you to put the phone down it's hard for you to walk away from from trading for the day
especially after you lose for the first time okay so identify the problem perfect we're done okay now figure out a solution this is the hard part because it's pretty easy to identify okay I have this problem this problem this problem but I don't know how to solve it okay so hopefully we can figure that out all right so we need to find the base of the problem okay why are you why do you place more trades more trades more why do you why do you place more trades than you're supposed to okay figure out the
emotions that play into that whether it's greed do you want more money whether it's you know being um like upset that you took a loss so you're just Revenge trading you have a fear whether it's you know you have a fear of missing out on a trade because you think this is a one-of-one trade that'll hit a one to ten restore award ratio it won't you'll probably lose on it especially if it's a Revenge trade especially if it's your second trade of the day and you lost your first one you won't hit take profit just
being honest um okay uh find the base of it figure out why what emotion is causing you to press that button again you know you know for a fact that okay I'm taking too many trades that I'm supposed to why that is the question that you need to be asking why am I doing it you figure out okay well I'm doing it because I want to make more money why do I want to make more money what emotion is driving that go down that pyramid okay identify the problem say why am I doing it what
is my reasoning for executing or doing you know like actually engaging with that problem why do I do that and then say okay what is causing me to to feel the need to do that and then from there boom you've identified it and and once you've identified it that's when we start working on it so whether the emotions that you've outlined for these three things are greed whether it's overconfidence you think every single one of your trades is going to hit take profit and when it and when it doesn't you get really upset or you
think that the mark it was the Market's problem or you blame it on someone else nope it's not the Marcus problem the Market's going to move how it moves the market does not give no [ __ ] about you you it is your fault every single mistake every single issue every single problem that you have in these markets every time you lose money in these markets it's your fault and your fault only and the sooner you guys can identify that and understand that the way better off you'll be you got me okay so hopefully you
have your three problems written down and ideally you have it's problem one why do I why do I do this and then you have problem two why do I do this problem three why do I do this and then we can have stems going out of that you know so the first problem I trade um I trade more than I'm supposed to I take [ __ ] five trades a day and I'm and I say I should only take one why am I doing that because I want to make more money what is driving that
thought process what is wanting what is causing me to want to make more money I have no money get a job solution I have no money go get a [ __ ] job working nine to five no I'm dead ass like get some [ __ ] money because having money and trading gives you a sense of security if you are trading and it's your only source of income and you're not profitable you are [ __ ] you are pretty much relying on inconsistent income completely inconsistent income and you're living in fear you're letting the money
control you okay so why do you need why do you need to make more money because you're greedy because you need it that sounds like two [ __ ] two [ __ ] branches that you need to you know identify and find a solution to why do you need why do you need more money you got no bread perfect what's the solution work sell [ __ ] make more and and guess what you're not going to make it through trading because this is the problem that we're having we're taking too many trades because you want
to make more money through trading and that's not the Avenue you need to be going through right now you need to be focusing on learning how to trade see see okay so okay why do I want to make more money I'm broke as [ __ ] cool get a job okay why am I being greedy because everyone loves money how do I how do I stop being greedy actually have money what does that lead to get a job perfect that's our solution okay what else what else could what else could be something a problem or
an issue that people are having um that pertains to psychology people getting out of Trades oh I get out of Trades before I hit stop loss or before it gets take profit because I get two in my head what's the problem we get out of Trades too early why are we doing this we're not confident in our analysis maybe we're confused okay so that shows fear right what are the emotions that are playing into that fear under confidence which is essentially fear okay maybe confusion lack of bias and maybe just lack of knowledge all five
of those okay so how can you how can you fix how can you fix fear mate why are you scared because you're probably dealing with real real money live money that you can't handle you can't handle that lot size why are you why are you scared of losing why are you cutting a trade before it hits take profit why are you cutting a trade before I hit stop loss if you actually know your risk right if you actually know your risk you wouldn't be doing that okay understand your risk solution one maybe solution two you
shouldn't even be trading online because you don't know how to trade yet solution two you shouldn't even be putting any money at risk maybe you should go to demo perfect solve both those problems risk less or go to demo or don't even less and just go to demo it's as easy as that why are you why are you scared probably because you need the money for for that trade to hit why do you need the money you're broke get a job get a job go to demo see how easy it is to find solutions to
your problems when you identify what the problem is identify why we are why we are you know doing this why we are executing on these bad habits and then say okay what emotions are leading me to what are what emotions are driving me to these bad habits and it's it's not us saying this is my problem how do I fix it it's saying this is my problem this is the reason why this is what's causing that reason why how do I fix this stuff down here so pyramids up and by fixing this stuff down here
you eliminate the chances of these little emotions affecting other areas in your life as well [ __ ] five Birds one stone okay by killing emotions and by identifying where and when you act on these bad habits and on these bad emotions you'll go real [ __ ] far okay so hopefully you guys have your three problems if not do this with all your [ __ ] problems literally like keep this page empty in your notebook right my biggest problems with trading and once you fix these problems never do again there's a great quote um
I don't know if Alex harmosi said it but um I think he got the quote from someone else because he loves quoting people as well but he pretty much said if you have the best job in the world right if you make the most money that you could ever have you you live the best life you have the best job that you have ever had in your entire life and you make a big mistake and your boss comes in and says you know what like I could fire you right now but I'm not I just
have to make sure you will never make that mistake again what are you going to do you're going to make sure that damn well you are never going to make that mistake again same applies for trading you need to understand that this is a million dollar job you're not there yet but you have to treat it like that would I if I had [ __ ] 10 mil in my training account and I lose one trade and I know the exact problem for it why wouldn't I want to solve that problem that's a couple extra
you know hundred thousand dollars that's like a couple extra thousand dollars that it could have made me that you know solving that problem has made me and in the future when I don't do those problems when I don't have those problems to deal with guess what I'm winning those trades I'm not losing I'm not executing on bad habits I'm not giving money away to the market for stupid reasons those mistakes those problems those issues are eliminated because I know I know where it stems from and once you can identify where it stems from and cut
it and stop it and find a solution from the root of the issue you're like it's literally like a plant a lot of people say okay yeah I trade to I trade too much I over trade right they they try and they try and solve this one oh yeah I took five trades today I just need to stop it's hard to say yes I'm just going to stop it's hard it's because most people can't do that right it's really hard to say I'm just gonna stop because you can't it's really hard to do that but
instead why don't we say I'm not gonna stop I'm not going to you know not do something how about we take action and find a solution to the main issue right we're we're snipping at leaves up here when we can just take the base out throw it out right why wouldn't we want to solve this root issue that could potentially stem out right [ __ ] it's growing down here causing more issues and more problems it's like a fungus bro like you're the [ __ ] lawn and the fungus like has its whole network underneath
and the minute you start chopping up those nerves chopping off those networks chopping off those bad connections those bad habits your shit's gonna be glowing your shit's going to be gorgeous okay and that's what we need to focus on okay so literally dedicate this entire page to any problems that you have with trading and go through that thought process what's my problem why is it a problem why am I doing this and then what is leading me to do that what emotions are causing me to act and then when you find those emotions that's when
it's real easy why am I greedy I have no money why am I greedy I want more money how can we make more money how can we get money get a [ __ ] job sell some [ __ ] maybe you have designer clothes that you know and if you're trying to if you if you have if you have if you have greed or or fear as an emotion sell every piece of designer clothing you have because you clearly do not have enough money to be trading which in turn means you have definitely don't have
enough money to be having that [ __ ] um and it's best if you sell it and wait until you can actually reward yourself and actually go buy 10 pieces instead of one piece that's going to break your bank you know think about it that way reward yourself when you actually get the work done so sell that [ __ ] sell valuable [ __ ] because guess what if you sell it right now it's gonna come out all right back it's going to come back and guess what the money that you get from selling that
it's putting you one step closer to being able to buy it right back you need to understand that okay let's identify our problems identify the root of it and kill it all right hopefully you guys learned something from this I really think this is a very beneficial video that every single person should watch um because this is how I've done problem solving like my entire life my football coach taught me this method and it is yet to fail um he was a big role model for me um he really like sets it straight um with
you know like understanding who you are as a human because you know he would always say they're they're very bad people in this world and they all act on the same emotions that me and you have you know but me and you just have self-control me and you don't act on those bad habits don't act on those bad emotions and it's true same thing with trading right me and you are no different we have the same strategy we we we're human we have a [ __ ] brain we're we're a level of playing field what's
the difference you still act on these bad feelings on these bad habits bro if you'd be you would be stupid to say or to think that when I see myself floating in 20 grand profit I'm not thinking holy [ __ ] I could just close this right now and buy my dad a Rolex that's what I'm thinking I'm thinking the same [ __ ] that you guys are I'm thinking the same thing but guess what the difference between me and you I don't act I don't act because I know that's an emotion that I should
not be playing off of it's identity it's identifying the emotions when they when they come up and and actually noticing it and saying nope not today not today right and by finding solutions to those emotions by finding Solutions and problem in solving those problems it's wraps bro because then those emotions will feel a lot less yeah I get greedy I get greedy all the time in the market I get greedy every single time I trade but do I act on it definitely not why because I have money and I know I can make money in
these markets because I know right yeah I can close right here but I have a take profit somewhere I know I'll be able to close soon and if I don't get to close and I lose money cool I'll make it back tomorrow because I know my skill solution okay so hopefully you guys learned something from this hopefully you guys can start you know putting even like life problems guys what's the problem why are you doing it identify the emotions attached to it find solutions to those emotions simple simple [ __ ] Clockwork guys a lot
of people have have issues um you know like doing their New Year's resolutions like I want to do this what do it what is stopping you you're too comfortable you get uncomfortable today do something productive do something good today was like a mix of like a homework inside of a video so I guess no technical homework besides you know doing the stuff that we talked about in this video but with that being said I appreciate you guys I'll see you tomorrow for fair value yaps part two peace out
