A short YouTube monologue by Kardec Trader advising traders to prioritize becoming a better trader over focusing on making money. Emphasizes improving game plans, execution, understanding market movements, reacting better, and becoming a well-defined risk manager; frames money as a byproduct of skillful trading.
Making money in trading is a byproduct of being a good trader. So what I mean by that is stop focusing on the money component and start focusing on how do I become a better trader, how do I start having better game plans, how do I start executing better, how do I start understanding how the market moves better and how do I start reacting to these things a lot better and start making real improvements. The problem that traders do is they go into the markets and they go, well, I want to make money. Cool. That's what we all want to do. But in order for us to make money, we have to be a great trader. Now think about it. If you are naturally a good trader, you can manage risk well, you can execute at high level and you can understand game plans, market movements and et cetera. On a high level, money will show up. So scratch the element of making money and start focusing on just becoming a good trader and becoming a well defined great risk manager and focus more on the process instead of the money.
