This is a YouTube video titled "Trading Education: Which Should Come First, Profit or Consistency?" containing a monologue or talk focused on trading strategies, specifically emphasizing the importance of prioritizing consistency over profit to achieve better trading results. The content is a single speaker sharing insights on trading mindset and process improvement, recorded in October 2022.
So when it comes to, you know, the magic phrase consistent profits, what should you focus on first, consistency or profit? Well, you know, most traders, every trader says, I want consistent profits. But the irony of it is, mentally and, you know, just from an ego standpoint, we're always chasing profits. And the thing is, what I learned in quality and what let me turn my trading around was focus on consistency first. Because when you got a process like trading or any other process, because quality applies anywhere, it's proven in all industries across the planet. When you focus on consistency first you get something consistent, then it's pretty easy to move that process and make it profitable, you know, or improve the output of the process. But if you're just chasing profit, you're going to be all over the place, and that's almost impossible to fix. So mentally, you know, most of us are going about it backwards. You know, it's like, oh, I want to make money and then I'll figure out how to be consistent. It's like, no, focus on the consistency first, and then the profits get easy after that, it's pretty cool.
