Short YouTube transcript (shorts) of a conversation between two speakers advising traders to shift from focusing on profit-and-loss (P&L) to focusing on process and performance metrics. Key recommendations: adopt a performance mindset, emphasize win/loss ratio, R-multiple, selectivity, pre-market game plans, and daily biases/reasons. The clip emphasizes process over short-term monetary targets.
Well, I need to go and make 100 grand. Like remove that.
I want you guys to switch your.
Mindset and start thinking in terms of.
R. Start.
Thinking in terms of performance. Stop thinking in terms of P and L. There's months.
Where I have great.
P and L months and I've traded terribly and there's months that when I focus on the.
Process of what is.
My win to loss ratio? What is my R multiple? Am I being selective?
Do I have.
Good pre market game plans?
Do I have good biases for the day? Do I have good.
Reasons in the market? When I focus on this, this allows my P and L and my results to be better than saying.
