Short YouTube monologue advising traders that past profits do not predict future results; emphasizes that traders cannot control outcomes but can control and should manage risk day-to-day and week-to-week.
Just because you made money today doesn't mean you're going to make money tomorrow. I think this is one thing that a lot of traders get stuck into. They automatically think, wow, I had a green week. Next week I'm going to have a bigger green week. Keep this thing in mind, guys. This is a very important rule. We as traders cannot control the outcome. The only thing we can control is risk. So if you have a day where you make $2,000 or $20,000 or $200, you can't control how much you're going to make tomorrow. But what you can control and what you should control continuously is how much you're going to risk on a day by day, week by week basis.
