A short YouTube monologue advising traders to avoid taking trades outside their game plan. The speaker argues that accidental wins from random trades create bad habits that compound, eventually causing large drawdowns; instead one should only take trades that fit a defined playbook to build good, compounding habits.
When you are trading, you never want to make money. That does not make sense to you. What I mean by that is if you make money by accident as a trader, let's say you don't have a stock or a name on your game plan and you randomly trade it and you make money, you've allowed a bad habit to enter your trading space. The moment you allow one bad habit to enter your trading space, it starts compounding into two bad habits, three bad habits, four bad habits, five bad habits, and next thing you know, you have a massive drawdown and you essentially blew your account. So you to try to avoid these problems, you want to try to avoid taking trades that don't fit your game plan. You want to try to avoid trades that don't have an edge, that don't align with your playbook, or don't align with your strategy or setup or whatever you may want to call it. Because once you avoid those and you start cultivating an environment for yourself that makes sense, that is healthy, and that forces you to only take trades that align within your game plan, you start building good habits which will and do compound over time.
