This Is Why You DO NOT Need To Be A DISCIPLINED Trader!

I'm sure you've heard that to be a good trader you need discipline. You need to control your notions and stick to the rules. That's complete nonsense and I will prove it. Welcome back everyone. I'm going to do better than just prove you don't need discipline, nor do you need to control your emotions. I'm going to upload eight different lessons that will teach you brain hacks that will help you become a high performance trader with any system, in any market without working on discipline. Or let me prove my point first. If I offered you the choice between having a guaranteed profit of $200 or a 90% chance to win $250 but a 10% chance of winning nothing, which option would you choose? Just go with your gut instinct answer. Most people choose option a, the guaranteed $200. And what about this choice? A guaranteed loss of $200 or. Or a 90% chance of losing $250, but 10% chance of losing nothing at all. Again, please go with your initial gut instinct answer. Most people choose option B. If you chose the same as most people, you've made a bad financial decision. The expected value of option A is $200, but the expected value of option B is $225. What that means is if you, if you could play this game repeatedly in the same way that you can trade over and over again, you chose the least profitable option. And in the second question, the expected value of option C is minus $200, but option D is minus 225. So again, if you played this repeatedly, the choice you made has resulted in you losing more than you needed to. Now let me ask you this. Were you feeling emotional, answering those questions and making those decisions? Were you lacking discipline? Of course you weren't. Discipline and emotion have nothing to do with the choices you made. You simply made bad financial decisions because of how your brain is programmed to work. When we're faced with rewards and the chance of gaining something, we all play it safe, which is why you chose the sure thing. But. But when we're faced with potentially losing something, we naturally gamble, which is why you chose the riskier option. There are amazing advantages to thinking this way and making those choices. In fact, you wouldn't be here if you thought any other way. In the old days as hunter gatherers, you wouldn't risk injury or death to hunt a woolly mammoth if you already had an abundance of food. You played it safe when you were ahead. That sensible. But if you are starving to death and you are going to die Anyway, it makes perfect sense to take a risk because it might pay off. Those decisions literally keep generation after generation alive. You can see it in the modern world. When a sports team is ahead and winning, they play it safe to hold on to their lead. But if they're losing and behind, they take risks to try and make a comeback. Unfortunately, when it comes to trading, this kind of decision making means you always make smaller profits and bigger losses. Capitalism didn't exist when our brains were developing in terms of financial decision making, particularly in trading. Our natural instincts are maladaptive and work against us. That is why you repeatedly take profit early and let your losses get bigger than they should be. It's also why you hesitate to pull the trade out and you fail to enter when your system tells you to. Or why you sometimes over trade with a fear of missing out. It's nothing to do with emotions or or discipline. Now, even though you know what you should do in trading, like knowing you should let winners run and cut losses short, you don't do it. Because your decisions are really conscious things. You're on autopilot. Let me prove it. I want you to imagine you've just been working in the garden and your hands have got dirty with mud or grease, so you go to the sink to wash them and get them clean. Now, fill in the missing letter of this word. I guarantee you instantly thought of AM A. However, if I'd asked you to think about eating in a restaurant, perhaps having a starter that you eat with a spoon from a bowl, and then I showed you that word, the letter you would have thought of would have been A U. What I've done there is called priming. And it triggers a chain reaction of automatic thought processes or that leads to inevitable outcomes that are totally predictable and unavoidable. It controls how you think, the decisions you make, and the actions you take. With the right priming, I know what you're going to do next before you do. And guess what? In trading, you are being primed all the time without knowing it. So think about what all this means. As you trade first, you are on autopilot and decisions are being made without you even thinking about it. And on top of that, the decisions you are hardwired to make are maladaptive to financial markets. They are always going to be harmful to your results. Emotions didn't do that to you. Now you do, of course, experience emotions when trading badly, but they are not the cause of your poor performance and bad results. They are a symptom of the discomfort you feel from the conflict between your survival instincts trying to keep you safe and and your conscious desire to try and make money in the artificial environment of the markets. And let me tell you, discipline isn't going to fix this. If you think you can just be disciplined and control your primitive base instincts, you're only fooling yourself. You'd need godlike levels of energy and willpower to achieve that. Good traders are not disciplined. They don't need to be profitable. Trading is effortless, the easiest thing in the world. If you feel discomfort when trading and are relying on discipline, you're doing something wrong. This is just another example of the same problem that I keep repeating in all my videos. The crowd are wrong about everything. 98% of traders fail because they concentrate on things that are irrelevant and have almost nothing to do with actual trading. There are three components needed for trading. The market provides information. That's all. And There are over 17,000 different markets you could choose to trade. And all of them can be be traded profitably. The system that tells you the optimum strategy to apply to the information the market has given. And there are tens of thousands of profitable systems you can choose between. But only you, the trader, can decide whether or not to take action and what action to take. You are what determines whether or not a profit is made. Most people put all of their attention on the system because they think it's the system that makes money. A very small minority realize the system is a pretty minor tool and they need to focus on themselves and their psychology. But unfortunately they turn to emotions and discipline because that's what everyone else does. They're still following the crowd and the crowd are always wrong. Trading is all about decision making. To be a good trader you need to be a good decision maker. You've got to be able to understand and interpret thousands of complex, interrelated and correlated pieces of information and then make a decision about whether to buy or sell a particular instrument at a particular time. It's the quality of your decision making skills which result in profitable trading. So I'm going to upload eight short videos to help you with that. They will all be no frills like this one. I'm not a YouTuber with good editing skills as you can probably tell, but I hope the quality of the information will speak for itself and will actually be all you need. I'll cover let him winners run cutting losses short, under and over trading and trusting your system and the edge you have. And then I'll explain your decision making processes, how to analyze data more effectively and I'll explain your intuitive and defense systems that are responsible for sabotaging your trade in that manifest themselves as feelings of fear and greed and all the other things that we label emotions and tend to blame. But I'll show you that emotions are never working against you. They are traders biggest asset. Fear, greed, hesitation, risk avoidance, risk seeking. All of these things are essential. They are there for your benefit. They work in your best interest. When you understand them and know how to use them and work in harmony with them. You just need to learn to exploit them. Trading is easy and effortless. When you do that, no discipline is required. So please keep your eye out for the next video in this series. If you've enjoyed this one, please consider subscribing to the channel. Hit the like button, leave a comment and share the video. I really appreciate your support and your help spreading this content to more people. Thanks for watching and I'll see you next time.