The Trader's Code Ep.2: Psychology, Perception & Mastery

πŸš€ Add to Chrome – It’s Free - YouTube Summarizer

Category: N/A

Building WordCloud ...

Summary

No summary available.

Transcript

00:00

Trading is one of the hardest games in this world. Not because of the charts, but because of you.

Most traders spend their whole life trying to predict the market. But the real game is learning to predict yourself.

When you will break a

00:16

rules, when you will overtrade, when you will sabotage your own edge. And that's what this episode is about, mastering you.

I'm actually sick right now. My throat is sore.

My voice is completely gone. My energy is low, but I still

00:31

showed up today because discipline doesn't care about how you feel. And the last thing I want is to be missing the second episode of this series right after we just published like the first one.

Anyways, my name is Brett Go. Welcome to the Trader Code episode 2.

00:49

Let's begin. Now, I've been trading for nearly seven years and most of the money that I've made came in the last one year.

Like I made $175k trading last month and I'm up $120,000 in my investment portfolio right now by

01:06

doing nothing. The first six years were full of silly mistakes and painful lessons.

And now looking back, I realized that they were the tuition I had to pay to earn consistency. Now when I first started trading, I thought I'll

01:21

get rich in 6 months. I'll make money here and there and then I'll blow an account and then I'll fix a few things and then I'll blow the next account.

It felt like failure to me. There were so many times where I genuinely felt like quitting and I thought that the market was a scam because every damn time price

01:39

would hit my stop loss and then go in my way. But what I didn't realize was that every loss, every mistake, every bad decision was simply tuition fee.

The market was teaching me lessons that no

01:54

course, no book, no mentor could ever teach me about like patience, risk management, emotional control. And the truth is in the first few years, the market doesn't pay you in profits.

It pays you in wisdom. And that wisdom

02:12

compounds into the consistency that eventually pays you real money. And you can't shortcut that process unless you join the 1% club.

And that brings us to the sponsor of this podcast, 1% club, which is the best mentorship, blah blah

02:27

blah. No, I'm just kidding.

We didn't do sponsorships, affiliates, or promote shitty meme coins or brokers here. All right.

Anyways, remember, consistency is the diploma, and you only earn it by staying in the game long enough to

02:43

learn. Now you might be thinking, Brad, why didn't you give up when you blew accounts after accounts when you have lost all your life savings?

Well, let me tell you a quick story. I will never forget when I was 17 years old and we were having this family dinner with all

02:58

the relative to celebrate Christmas or something and one of my aunts she looked at me and she asked me what I was studying and I told her real estate business because I wanted to follow my father's footsteps where he was working as a real estate agent and I wanted to

03:14

make him proud and then she looked at me across the dinner table and said you will never amount to anything just like your father. She wasn't worried about me.

She was projecting her own misery. Like she had spent her whole life stuck in a 9 to-5

03:30

job she hated. Never married, never took risks.

But in that moment, her words burned into me. I remember like just gripping my fork under the table, my hands shaking, and I didn't say anything.

I just smiled because it's

03:47

like an ancient tradition to always respect your elders no matter what they say. But deep down I just want to prove her wrong.

And from that day onwards, every time I felt like quitting trading, I would see her face. Every blown account, every sleepless nights, every

04:04

early morning, every time I felt like giving up, I will hear her voice. You can't do it.

And then I'll whisper back, "Watch me." Four years later, I finally became profitable. But the thing is, she was right for the first four years,

04:20

right? She was 99% right, but 100% wrong because I just knew that eventually I would become profitable and she'll be so damn wrong.

6 years later after I became a multi-millionaire, move into my dream apartment overlooking the city and the sea. And she got a win about it.

Perhaps

04:37

from my parents, perhaps from my other relative. And then one day my phone rang.

Ding. And then I picked up the phone and asked, "Who's this?" And it was her.

She said, "Brad, can you teach me how to trade options?"

04:54

That was the moment I had imagined a thousand times. My revenge fantasy came true.

But instead of feeling satisfied, I just felt peace. I said nothing.

I hung up and I blocked the number. That's it.

Because by then, I didn't need

05:12

revenge anymore. I had already won.

That's when I learned that you should never fight back with your words. Let your results do the talking.

Because one day, the same people who doubted you will watch you live the life they said

05:27

you will never have. And there's no satisfaction greater than silence.

Remember, becoming profitable is the only revenge. It's not the best revenge.

It's the only revenge. You have to

05:42

become so great that they can't ignore you. Trading is less about predicting price and more about predicting yourself.

When you break rules, when you force entries, when you will sabotage your edge. Price action doesn't cause losses.

Your actions do. Every single

06:00

trader is obsessed with predicting price. Always trying to guess where the next candle goes, where liquidity sits, where reversal happens.

Hell, even I try to do this all the time. And there's nothing wrong with predicting price

06:16

unless it causes you misery. Unless it doesn't change your behavior.

What price will do next is fully outside of your control. You know what's within your control?

You. Your thoughts, your actions, your responses, your reactions.

06:31

You can't control what the market does, but you can always control your reaction to what the market does. You can always decide what lot size to use.

You can always decide to cut the loss early or let the winner run high. And that is why I say that the real prediction game

06:47

isn't the market, it's you. Can you predict when you will lose focus?

When you will ignore your stop- loss, when you will convince yourself that price eventually will come back. Remember, you don't lose because of the market.

You lose because of your impulses. The

07:03

market is always right. The chart is just a mirror reflecting your discipline or lack of it.

So if you are serious about becoming a better trader, stop starting price for a while and start studying your patterns, your emotional

07:19

reactions, your trigger points, your beliefs, and your behavior. The market doesn't move against you.

You move against yourself. Master that and you will never fear price again.

We don't experience the market. We experience the

07:34

market we focus on. We don't trade the market.

We trade our belief about the market. Change your perception and change your results.

Two traders can look at the exact same chart but come up with two different trade ideas. One sees

07:50

feel so sell and the other sees opportunity so he buys. Same canders, same price action, different consciousness, different actions.

And the truth is you never trade the market as it is. You trade the version of it

08:06

that exists in your head. Your bias, your past wins, your trauma, your greed, your emotions, they all filter what you see.

You think you're analyzing price, but you are actually analyzing your own

08:22

perception of the price. Because we humans will always look for evidence to reaffirm our bias, our trade ideal.

And this has been proven to be called the confirmation bias. And when you change that lens, when you detach from ego,

08:38

from fear, from the need to be right all the time, the entire market starts to look different. Patterns you used to miss suddenly seem obvious right now.

When that happens, you will finally be trading the objective reality of the

08:54

market. You will finally be able to see the truth of the market.

And that's when you will start making more profits. In the markets, peace of mind is an illusion.

What you are actually seeking for is peace from mind. And that can

09:10

only be attained by doing internal analysis. Not technical analysis, not fundamental analysis, but internal analysis.

Most traders think that the goal is to find peace of mind while trading. But that's impossible.

When every candle makes your heart raise

09:26

because your hard earned money is on the line and you are afraid of losing it. The market will always move.

Volatility never ends. You can't control that.

But what you can control is your reaction. And that is why I meditate for at least 5 minutes every morning.

It's not so

09:43

that I can achieve spiritual enlightenment. It's so that I can quiet the noise inside before I face the noise outside.

And this is why internal analysis matters more than chart analysis. Everybody wants to be a millionaire trader.

Everybody wants six

10:00

figure payouts. But when it comes to taking risk, suddenly everyone freezes.

You can't expect outsiz returns if you are not willing to take outsiz risk. Now don't get me wrong, that doesn't mean gamble your hard-earned money away.

It just means calculated exposure, risking

10:18

what you can afford to lose for the chance to scale what you can't afford to miss. Most traders want the reward without paying the price.

They dream of funding challenges, big withdrawals, and freedom, but they are still scared to lose a small percentage of their

10:34

account. The truth is, every big play that I've made came from moments that felt uncomfortable.

For example, when I make 64K in 7 minutes yesterday trading gold, I was not comfortable with using 50 lots on gold. But as long as I follow

10:52

my trading plan and adhere to my risk management rules, I'll be fine. I won't die if I lose that trade, I will just lose a small percentage of my account.

Once again, this doesn't mean that you should be reckless. It means that you should be uncomfortable.

11:07

Fear means you're stretching. Recklessness means you are guessing.

One grows you and the other destroys you. The market doesn't pay the cautious.

It pays the calculated. No risk, no Ferrari.

That's the name of the game.

11:22

You're not a fraud if you teach. You're a fraud if you teach something you have never done yourself.

You know that quote, those who can't do teach I've met a few educators who can actually trade, but most of what I see online are coaches who have never

11:38

passed a funding challenge, never managed size, never traded a real account. Maybe they did for three months, got lucky, and they suddenly call themselves experts.

This is why I never feel imposter syndrome because I've lived everything that I teach. I've

11:55

documented my trading journey publicly for four years on YouTube. I manage a sevenfigure account and share every trade there.

I've helped hundreds of students go from struggling to consistently profitable six-figure traders. Every system that I share,

12:12

every principle that I talk about, I've tested it. I've bled for it and I've proven it on real accounts.

So when I tell you to stay disciplined, it's because I know the pain of not being disciplined. When I tell you to journal,

12:27

it's because journaling turned me from a gambler into a professional. You can't fake conviction.

It has to be earned. And once you have done the work, the results start speaking louder than your words.

Now, I'm not going to speak about

12:42

how to manage an eight or nine figure account because I've never done it. That's the point.

You only talk about what you have lived. The moment you start giving advice outside your experience, your words lose weight.

So everything that I share comes from my

12:59

own screen time, my own silly mistakes, my own trades. The lessons are real because they're earned.

And if I ever get to eight figures, then I will talk about what it takes to manage that. Until then, I will stay in my own lane,

13:14

keep documenting the journey, and keep helping traders reach the level I've mastered for myself. And that's the standard that I hold myself to to teach from proof, not theory.

I don't claim to be a master. I claim to be a student of the markets trying to get better every

13:31

single day. And I'm maybe just one level above you right now.

People love to say that trading is random, that wins and losses comes down to luck and probability. And yeah, on a micro level, they're right.

You can do everything

13:47

perfectly and still lose a trade. But what they don't realize is that discipline is what turns that randomness into a pattern.

The market has a random distribution between wins and losses. But you decide whether your results stay

14:02

random or become consistent. If you risk the same amount, execute the same setups, follow the same plan, your equitive curve starts to smooth out.

And that's not because of luck. That's because of structure and order.

Now on

14:18

the other hand, when you break rules, you skip setups, you move your stop- loss, that's when randomness start taking over again. So consistency in trading isn't about avoiding randomness.

It's about reducing your contribution to

14:33

it. Discipline is what shapes chaos into order.

The market will always be random, but your behavior doesn't have to be. Your P&L is just a reflection of your emotional state made visible by numbers.

14:48

Every spike in profit, every draw down tells you a certain story, not of the market, but of you. If your equity curve is volatile, it's usually because you are volatile.

If your equity curve is trending upwards in a smooth manner,

15:04

it's usually because you are calm, consistent, and detached. The market doesn't expose your strategy, it exposes your psychology.

Greed shows up as oversized positions. Fear shows up as early exits.

Impatience

15:22

shows up as overtrading. Every emotion eventually leads into your execution and your P&L becomes the scoreboard of your discipline.

And that's why fixing your trading system isn't enough. You need to fix yourself

15:38

because the cleaner your emotions, the cleaner your results will be. The edge isn't in spotting A+ setups, it's in ignoring everything else.

When I first started trading, I thought volume equal productivity. More trades equal more

15:53

opportunities to make money. Right?

Wrong. I'll take five trades a day, sometimes 25 trades a week, chasing every small move that looked like an opportunity.

But what I eventually realized was that more trades didn't mean more profits. It meant more noise,

16:11

more mistakes, and more emotional burnout, which automatically mean more losses and less profits. So, working hard on the charts every single day was actually starting to work against me.

Today, I take maybe one trade a week. I

16:27

wait for the perfect A+ setup, you know, the one that fits my trading plan, my bias, and my risk. And that patience completely changed my results.

My win rate doubled, my draw downs shrank, and my stress disappeared. Because the truth

16:42

is, trading isn't about finding more opportunities. It's about filtering the wrong ones.

The less you do, the more you see. Your edge doesn't come from what you trade.

It comes from what you ignore. You don't blow accounts because

16:58

of the bad entry. You blow accounts because you kept trading after the bad entry.

When I think back about all the times which I've blew an account, I realize that it all stems from one big bad loss that I regret. After losing the trade, I would double the lot size for

17:15

the next position just to prove that I was right and the market was wrong. And before I knew it, I wasn't trading the market anymore.

I was trading my own mental well-being. And then I started spiraling out of control and incurred more losses which hurt once again not

17:31

because of the money that I've lost but because it was an attack on my ego. Listen, every trader, no matter how good you are, takes bad trades.

Even Warren Buffett does, even Ray Dalio does. It's simply part of the game.

What destroy accounts is what happens after the loss.

17:49

the revenge trades, the oversized positions, the desperate need to make it all back. The best traders know how to lose and walk away.

They treat losses like expenses, small, controlled, and

18:05

necessary. One bad trade will not kill your account, but letting your emotions take the next 10 trades will.

Being wrong doesn't kill you in trading. Staying wrong does the market doesn't punish you for taking a loss.

It

18:22

punishes you for refusing to take one. I used to hold trades that clearly violated my plan.

Like when the price starts going against me, I would move my stop-loss, make it a little bit wider. And sometimes I would even remove the stop loss completely because I was

18:38

always hoping that the trade would finally come back. They almost never did.

Every time I hesitated to admit that I was wrong, a small loss turned into a big one. Every single time I refuse to admit that I'm wrong, the market punishes me for it.

The best

18:56

traders aren't right more often. They are just faster at recognizing when they are wrong.

The moment your bias gets invalidated, you cut it. No emotion, no ego, just execution.

Because the faster

19:11

you can accept reality, the faster you can see new opportunities forming right in front of you. Always remember the market rewards humility, not pride.

You will never go broke taking small losses, but you will certainly go broke trying

19:27

to prove that you're right. If you are struggling to execute trades with confidence, listen up.

Conviction comes from confidence. Confidence comes from competence.

And competence comes from consistency. Everyone wants conviction

19:43

in their trading to trust their trading system, to let winners run high, to execute without hesitation or reservation. But that strength only shows up when you have proven to yourself that you can be

19:58

counted on. The truth is, you can't fake confidence.

You can't read it. You can't buy it.

You can't manifest it. You earn it by doing what you say you would do every single day.

Every time you follow your trading plan, every time you

20:13

journal your trade, every time you stick to your trading rules, you're casting votes for the trader that you want to become. And this is why I always say never negotiate with your inner The moment you start bargaining with your discipline, oh, you know what?

Just one more trade. Oh, I will review the

20:30

loss later. Oh, it's fine to break the rules this time.

You're not just increasing the likelihood of you losing that trade, but you are also losing integrity with yourself. And once that cracks, confidence disappears.

20:46

Bulletproof conviction isn't built in one winning week. It's built in the quiet, repetitive days where you do the right thing, especially when you don't feel like it and especially when no one's watching.

Keep the promises that you make to yourself and the market will

21:01

start to trust you as much as you trust your system. All right, so it's a wrap.

That was the trader code episode two. If this helped you out, please share it with another trader who's still fighting their emotions, who's still unprofitable, who needs to hear this

21:17

message or rather like be reminded of this message. And always remember, your journey is the edge.

The setbacks are part of your story. Keep showing up and you'll win in the end.