One strategy one timeframe one fx pair per account is what leveled me up . Any deviation brings inconsistent results always . Build consistency then build capital through prop firm funding and build realistic wealth . If you backtest your strategy and them follow this principle youl be unstoppable
I agree. I only traded one pair, 5m tf and I have a good profit my problem is I don't close losers soon. That's why I watch psychological talk about trading because I truly believe that trading is not just the ticks but how you think and what you feel when you are in a trade
It differs from one person to another. I tried trading EU for a long time on all time frames. This resulted in a very low frequency of trading, very low RR and bad win rate
The level of gratitude I have for SMB cannot be measured with any tool known to mankind. I did not find out about the summit until after it was sold out. PLEASE!!! Have more SMB. I shall be there. Thank you very much Mike, Jeff, Garrett, Lance and all the other people who take their time to make these videos for us like minded creatures. Aloha.
Once you find a trading strategy that is easy to identify or use the next step is to be disciplined and consistent with your trading strategy. Literally all you need besides mastering your entries and exits. Its simple but difficult.
the steps may be simple but implementing them is insanely difficult. otherwise it would not be possible to profit from trading if everyone was winning.
You actually don't get better when you're practicing, but when you rest and sleep, your mind upgrades and integrates. A lot of pro athletes musicians artists intellectuals could testify their breakthrough comes after a period of long hiatus, a natural pruning process the brain does to become more efficient. When a pro stops practicing for a few months and come back, he'll realize suddenly he has new perspective and even improved muscle memories.. there's actual science to not practicing.
100% agree. Every time I come back from vacation, I see a lot of things I didnt not see before, simply because my mind is fresh. Some things are so simple and easy to change that I am nearly getting annoyed with myself that I didnt notice them before. As for sleeping, the same. Had to learn this hard way though. 😊
I've been saying this for years. When I was a kid I used to skate. I would spend days and days trying to learn something and when I was on the edge of a breakthrough I'd get super frustrated and take a hiatus. I'd wake up one day with the motivation to try again and my brain had worked out the nuances that were holding me back and I'd be able to land a trick. It was the greatest thing I ever discovered to allow one to keep moving forward in progression. Most people would just say "eh, maybe but I'm not sure I believe that."
25:00 just like Thomas Muller in football⚽. He isn't as fast as ronaldo nor as skilled as Neymar nor as gifted as messi but he's one of the legends in football history. All he does is play smart that means being at the right place at the right time, space interpretor they say him
So glad and appreciative for SMB Capital and Mike for sharing this content. Consistency is key before anything else. Thank you for showing the way. As retail traders, we read, we watch, but this one really sinks in for someone like me that is often distracted with the vast amount to learn to be good at this.
When you want to be at your best, you don't have a desire to take days off. You want to drive until you reach, and then surpass your goals. I've never heard any state it so clearly... "I just don't understand how someone could not want to get better."
I HAVE JUST STARTED USING SBM TRAINING AND IT HAS BEEN OUTSTANDING. WILL CONTINUE TO WATCH THE TRAINING. THANK YOU FOR ALL OF THE HELP WISH I KNEW ABOUT YOU 10 YEARS AGO
Good video! Well, I'm so happy that I made the best decisions by making a good investment. Recently, I was able to acquire my third house even at my age and I believe that if things continue well, I will retire early
It's good! But how did you manage to achieve all this, even in the current economic context which is very bad? Please I would appreciate your help on how to proceed, I am desperate for a way to pay off my debts and achieve my goals
Bitcoin has been going up and down for a while now and it could continue to rise. The truth is that no one knows, I think it is a good time to make a purchase and also seek professional assistance
Many people are struggling financially to live, keep a roof over their head and put food on the table. Anyone who fails to grow their wealth financially right now is missing out on a tremendous opportunity. Imagine I start a $2,500 financial plan and get $17,380 in profits.
Yes, it's true, there's a lot of talk about investing lately, but I'm new and I'm also curious about where to start. Can anyone explain to me how to invest and where to start?
Fantastic speech and thanks for this great video, Mike. Would be interesting if you would detail more on the mental/cognitive aspects to chose one style or an other, how you strengthen them at the firm or guide inters toward one style or another one! Have a good day.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Catherine Gauthier.
Very helpful oversight of a strong daily routine. A question if I may, @ 11:16 down the list shows "Build Technology." What does this encompass in laymen terms?
What the wife did by saying, "He's on vacation. Why not give him a day off," was she set up the condition in the son's mind that he shouldn't be passionate and work hard every day at what he loves to do. The husband asked the son if he wanted to practice. If he doesn't pull that psychological monkey wrench out of his mind that she threw in there, he'll never be as good as he could be. The son said, "Yes." The wife hijacked what the son WANTED to do. She got in the middle of the father-son relationship. There are some things worth fighting for. I don't think I could stay long in a relationship with somebody who would consistently come between me and what I wanted to do, or what my child wanted to do.
Sometimes getting away from something can give the mind a chance to put all the pieces together. You can remember more if you don’t stuff too much info at once. Just my opinion
Never leaning until you find a solution is one of the best things that is helping me with my trading ever since I heard it from you on a previous video. In the past I would be like ok I’ll see tomorrow now I stay at my desk and say I need to find a solution to make this better. Thank you’ Smb and Bella great information!!
all good. but it makes a difference between singles without kids and family regarding don't leave until you found a solution and working on holidays. As a parent you are responsible for your kids and family and they also deserve a normal life - not the kids fault if dad or mum are traders. the great thing about trading is, you are flexible and nobody forces you to trade. If there is an important day for the kids or family, no reason to trade. traders should also be aware their job has the advantage of flexibility. you only live once and trading/work and life needs to be balanced. You have the best results when relaxed and happy and family is happy. Find the best ratio between number of hours worked and profit. 80% of the time probably has 99% of profits too. Sometimes even higher when you skip loosing timeframes
I really needed this. Similar story to Miami traders. Ive made multiple 7 figs in a couple years then lost most the next 2 years. I know my issue but bad habits continue to happen….
Great traders have more than one strategy. Some some of these do not work well in certain market conditions.. being able to adapt and move to another is key. I think scalping a good strategy as there will always be stocks and currencies with wild swings. All of which just takes lots of practice to be consistent. Becoming a great trader is definitely going to take work. It's like learning a new language.
I m working on being consistent i have been trying to figure it out but its no easy task i wish i could do their training. I have been spending so much money in online courses for nothing.
I think your stuff is great, your wife gets it, you don’t Mike, that’s why you cannot comprehend what she said. One day you will. “THE GREATER THE COMPLEXITY OF THE MIND, THE GREATER THE NEED FOR THE SIMPLICITY OF PLAY.”
