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What's up everybody? Welcome back to the trader code.
Today we are talking about the real reasons traders fail. It's not strategy.
It's not risk management. It's the [ __ ] that nobody wants to admit.
Your need to be right. Your addiction to
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certainty and your inability to sit with discomfort. And we're also going to be covering the three pillars that separate profitable traders from broke ones.
Why emotions aren't your enemy and why most trading advice is engineered to keep you losing. If you have been grinding for
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quite some time but your account isn't growing, this episode is perfect for you. Let's dive in.
Most traders fail because they're optimizing the wrong things. You don't need a better strategy.
You need to fix these three broken belief first.
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You'll become profitable in trading when number one, your desire to make money outweigh your need to be right. Number two, your patience with floating profits outweigh your need for certainty.
And number three, your love for the process outweighs your obsession with fast
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results. Let me tell you something that took me years and thousands of dollars to figure it out.
You don't have a strategy problem. You have a priority problem.
Every single trader thinks they need one more indicator, one more pattern, one more strategy to finally
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make it. But that's [ __ ] The edge isn't in your charts.
It's in this three mindset shift or should I say identity shift because guess what? All of these are within your control.
Let's break it down one by one. First is your desire to
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make money must outweigh your need to be right. I used to hold losing positions for days, sometimes even weeks because I knew I was right.
As a result, I'll move my stop loss. I will even remove my stop loss and I'll just keep on watching my
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losses compound just so that I can prove to the market that I am right and the market is wrong. And you know what that's called?
Expensive ego. The most costly mistake you can commit in trading is not taking a bad trade, but rather trading with your ego.
The market
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doesn't give a [ __ ] about your opinion. Being right 40% of the time and cutting losses fast will make you so much more money than being right 60% of the time and holding losers because you're convinced you're right.
Remember, your
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job is not to be right. Your job is to make money, which also means that you have to be comfortable with being wrong.
Second, your patience with floating profits must outweigh your need for certainty. Let's say you take a trade, you hit 2 R.
By 3R, your hand is
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hovering over the the close position button because you're so scared to give your profits back to the market. So, you end up closing it and that feels good for 30 seconds.
Next thing you know, you watch it run to 10R. Guess what?
You regret getting up early. This is the one
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mistake that kills most trading careers. You are addicted to certainty.
You'll rather have the guaranteed small win than reset turning into a loss. But here's the truth.
The big wins are what makes you profitable. The small wins
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just keep you alive. I learned this by forcing myself to let one of every five trades run past three R.
And yes, sometimes it work, sometimes it doesn't. But those trades that I was most scared to hold, those were the ones that actually grew my account.
Third, your
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love for the process must outweigh your obsession with fast results. Now, trading is a long game.
It's going to be years of losses, mistakes, and refinement. If you're only here for the money, guess what?
You will quit the first time you hit a rough patch, the
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first time you hit a losing streak, the first time you blow your account. To be honest, I didn't fall in love with trading because of money.
Like, I got into trading because of money. But I fell in love with trading because it forced me to confront every weak part of myself.
The process of fixing myself,
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fixing my strategy, things like journaling trades, reviewing mistakes, and sitting with discomfort, that became what I love. And the money was simply a byproduct of doing the right things.
So, if you're obsessed with fast results, you're going to cut corners. You're going to revenge straight.
You're going
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to blow accounts. You're going to fall straight.
But if you genuinely love the process, you will show up every single day and just focus on getting better and eventually the results will take care of themselves. But here's the reality.
Most traders are looking for the perfect
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entry when they should be working on their need to be right. They are hunting for higher win rates when they should be learning to hold on to winners.
They are chasing profits when they should be learning how to fall in love with the grind. You don't need a better strategy.
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You need better priorities. Like I said, if you can fix these three things, the whole game changes.
I didn't succeed because I wanted to save the world. I succeeded because I had to save myself.
And now that I have, I can help save the
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world. Let's talk about motivation because most people get this completely backwards.
Everybody wants this noble reason for why they trade, you know, like this big strong why. I want to help my family.
I want to give back to the community. I want to save the world.
And
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look, those are beautiful goals, but they're not the freaking fuel that gets you through the [ __ ] trenches. The truth is, I didn't started trading because I wanted to be inspirational, because I wanted to help other people.
I started because I was broke, desperate,
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and running out of options. I wasn't trying to save the world.
I was trying to save myself. There was one night I logged into my bank account after blowing my third trading account and the screenshot $24.50.
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That wasn't a typo. That was literally all I had left after two years of working side jobs, internship, 12-hour shift, all gone.
I remember very vividly staring at the number on my cracked screen on my iPhone 7 and thinking to
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myself, if I can't even make six figures from here, what's the point? Now bear in mind that my dad was turning 60 years old at a point of time and he had no pension, no retirement plan, less than five figures in his bank account and he
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has spent decades working odd jobs like doing housekeeping, repairing watches, working as a underperforming real estate agent, anything just to keep food on the table. And that is when I told myself if I quit right now, I'm condemning him to work until he dies.
So to me, that
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$24.50 50 Cent didn't represent limitation. It represented a countdown, a deadline for who I had to become.
So when your motivation is external, when you're doing it for some abstract future, it's easy to quit when [ __ ] gets
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hot. But when your motivation is survival, when it's you versus the void, when it's fighting for someone that you love, you don't get the luxury of quitting.
You will not feel like quitting. As you guys know the story, I kept going, deposited my next paycheck,
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failed again, tried again, failed again, tried again, eventually passed my first funded challenge, got my first payout, and then eventually make my first 10K a month. And I will never forget the first time I made $10,000 in one month.
I booked a trip immediately to Indonesia
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with my dad. You know, it's just like a 30-minute ferry from Singapore, right?
Nothing fancy. We sat down at a beach club for lunch and for the first time in my life, I told him, "Hey, Dad, order anything you want." Watching him smile over freaking beef balonies and admiring
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the sea wave. That is when I finally felt like a man.
That is when I finally felt like I have actually made it. And then a few years later, I retired him.
And nowadays, I just send him like a few thousand dollars every single month. And every single time that I do, I remember
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that night staring at $24.50, realizing that desperation when directed becomes your greatest ignition source. Listen, you can't pull someone else out of the water when you are barely keeping your own head above it.
Save yourself first
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and then you earn the right to help others. You think emotions are the enemy in trading?
Wrong. The real enemy is believing you can control them.
That's when you start fighting yourself instead of trading the market. And here's
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something that [ __ ] me up for years. I always thought that the goal was to not feel anything when I traded.
You know, I read all the trading psychology books and they all say trade without emotion. Be like a freaking robot.
Remove feelings from your execution.
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So I tried I tried to suppress the fear when I entered into a position. I tried to ignore the excitement when the trade went in my way.
I tried to act like I didn't give a [ __ ] when I was down money. And you know what happened?
I became a worse trader. Because here's
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the truth that nobody tells you. Your emotions aren't the problem.
Thinking you can control them is. That's when you end up fighting the market and the market always wins.
Because like it or not, you're going to feel fear when you risk money. You're going to feel greed
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when you make money. You're going to feel panic when the P&L start turning from plus to minus.
That's not a bug. That's just being a freaking human.
The issue is when you think that you shouldn't feel those things. So, you end up fighting them, fighting your
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impulses, fighting your emotion. And when you spend all this energy fighting yourself, you can't trade the market.
You're too busy trying to win an internal war that you were never supposed to fight in the first place. Now, you can't control the initial
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reaction, but what you can control is your response to the situation. It's not what happens first that matters, but what you do next.
Fear shows up. Okay, acknowledge it.
I'm feeling fear right now, but that doesn't mean you close the
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trade. That doesn't mean you move the stop- loss.
That doesn't mean you do anything except recognizing the feeling and executing your trading plan. Anyways, another example, greed shows up when you're up three R.
Cool. Yes, sir.
I'm feeling greedy. I want to close this
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right now. Lock it in.
Another example, grit shows up when you're up three R. Cool.
The selft talk could be I'm feeling greedy. I want to close this right now and lock it in.
Yes, sir. Now, stick to the [ __ ] plan.
So, it's not about like eliminating emotions. It's
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about not letting them steer the wheel. It's about not letting them drive the car.
And here's the kicker. Emotions always overpromise and underdeliver.
Discipline does the opposite. Like trading on emotion feels good in the
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moment. You know, it feels like relief.
It feels like you're taking action. You are grinding.
You are busy. You are in control.
But it always leave you worse off every single time. You revenge trade and you blow your account.
You close winners early and you miss the big move.
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You hold on to losers and you let them destroy your account. On the other hand, discipline feels like [ __ ] in the moment.
It feels uncomfortable. It feels like you're doing nothing when you should be doing something.
But over the long term, that [ __ ] compounds.
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That [ __ ] is what builds your account. That [ __ ] is what keeps you in the game.
And that is why I always say that trading on emotion is like scratching an itch. It might relieve you in the short term, but it will leave you in greater
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pain in the long term. So stop trying to be emotionless.
You're not a robot. You are simply a human trying to make money in an uncertain environment.
Emotions are just going to show up. Let them show up.
Just don't let them make
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your decisions. Acknowledge the fear.
Execute the plan. Anyways, here's a hard pill to swallow.
If you want exceptional results, you have to become an exception. I mean, literally, you have to do [ __ ] that other people
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won't do. You have to think in ways that make people look at you sideways.
You have to be willing to get outcast from your friend group because your priorities don't line up with yours anymore. And most people aren't ready for that.
I lost some of my closest
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friends when I started taking trading seriously. Not because I was like an [ __ ] about it, but because I stopped showing up to the parties, the late night outs, the [ __ ] conversations that went nowhere.
I was at home studying the charts, journaling trades,
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working on my psychology while they were out there living their normal life, enjoying their weekends and [ __ ] Because here's the reality. Conformity is the enemy of profitability.
Think about it. If 95% of traders fail and you are doing what 95% of traders
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do, which is watching the same YouTube videos, following the same gurus, trading the same setups that everybody's talking about, then what the [ __ ] do you think is going to happen? You are just going to get the exact same results that they get, which is losses, blown
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accounts, failing. Which is why if you want to win in a game where 95% fail, you have to learn how to think, act, and feel like the top 5%.
And the top 5% they're not doing what's comfortable. They're not following the crowd.
They
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are zigging when everybody else is zagging. They're holding winners when everybody else is taking profits early out of field.
They are cutting losses fast when everybody else is holding and hoping. They're trading less when everybody else is overtrading to make
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back what they have lost. Quite simply put, they are doing the opposite of what feels natural.
Because what feels natural is what keeps you in the 95%. And here's the ugly truth that nobody will tell you.
Most conventional trading advice is designed to make you liquidity
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for the rich. I'm not talking about some conspiracy theory [ __ ] right here.
I'm talking about how the game actually works. Retail traders are taught to buy breakouts right when institutions are selling to you at the top.
You are taught to use
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tight stop losses so you get shaken out before the real move happens. You are taught to trade every setup that you see on the charts so you're constantly in the market paying spreads and commissions while the big players wait for their setups.
The
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more I trade, the more obvious this becomes. The conventional advice isn't wrong by accident.
It's designed to keep you confused, to keep you active, and keep you losing. So, what do you do?
Well, you stop
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listening to what everybody else is saying. You stop doing what feels comfortable.
You become a contrarian and you start thinking for yourself, testing for yourself and building an edge that's yours, not something that you copied from a cause or a discord group. You
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either become the exception or you stay part of the 95%. There's no middle ground.
You know, there's this phrase called those who can't do ditch and it gets thrown around a lot in this industry. Now, the truth is the best traders that I've ever met,
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people like Jason and Sanji from the 1% Club, my coaching program, they do both. They are actively trading with real money and they teach because they've walked the path.
But like I said, they're super duper rare. Most people teaching trading either never made it
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themselves as traders or they make more money selling causes than they ever did in trading. And here's how you can spot them.
If they are not punished for being wrong, don't take their advice. Real traders have skin in the game.
When they
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[ __ ] up, their account shows it. But gurus, they get paid whether you succeed or fail.
In fact, they make more money when you fail because when you fail, you are staying confused and you will keep buying the next course, the next signal service, the next secret strategy.
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Their incentive isn't to make you profitable. is to keep you confused and buying.
And that is why their content is always complicated. You know, like 15 different indicators, proprietary systems, secret freaking patterns that only work during a full moon, astrology
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trading strategy. Real educators simplify because they actually understand the craft.
When you truly know something, you can explain it simply. But when you're faking it, you over complicate everything.
you create
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this jargon, these fancy terms and confusion creates the illusion of expertise. So here's my rule.
If you teach, you should do. If you do, you should teach.
Right now, I trade with my own money every single day. I showcase my results
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because I want to keep myself accountable. But if someone's only income is selling education, selling courses, if they're not showing live trades, real P&L, and actual skin in the game, run.
They are not a trader. They
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are a marketer in trader clothing. And the market doesn't reward marketing.
It rewards execution. Your ability to tolerate pain will determine the longevity of your trading career.
Not your strategy, not your risk management,
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not your win rate, but your pain tolerance. Because trading is pain.
It's losing money when you did everything right. It's watching winners turn into losers.
It's sitting through draw downs and losing streaks that make you question if
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you even know what you are doing. It's the emotional roller coaster that never [ __ ] stops.
And most people can't handle it. So they quit.
They blow up. They take a break, which turns into retirement, which turns into quitting.
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But the traders who make it, they're not smarter. They're not more talented.
They just learn how to take the punch and keep showing up. They just kept playing the game and they just don't stop.
And here's the kicker. The longevity of your
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trading career will determine the size of your returns. Because trading isn't a sprint.
It's not about making 10% or 50% or 100% in a month. It's about staying in the game long enough to let compounding do its work.
It's about
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surviving the rough patches so that you're still around for the good ones. If you can trade for five years, I guarantee you will make more money than someone who tries to get rich in six months and blows up.
If you can trade for 10 years,
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you build generational wealth while everybody else is on their fourth comeback. Remember, the market cannot beat a trader who embraces the constant hardships thrown at him.
So, stop trying to avoid pain. Stop looking for the strategy that doesn't hurt.
Stop
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thinking that there's some level that you will reach where trading becomes easy and comfortable. There is no finish line.
it doesn't exist. Instead, learn to love the pain.
Love the losing streaks because they're
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teaching you resilience. Love the draw downs because they're forcing you to trust the process.
Love the discomfort because it's proof that you're still in the game while everybody else quit.
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The market will always throw hardships at you. The question is, can you take it and keep going?
Because if you can, you have already won. If losing streaks will seem trivial in the future, why care so
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much now? Think about it.
A year from now, that three trade losing streak that you're spiraling about, you won't even remember it. It would just be like a little blip, meaningless.
But right now, you're letting it destroy your
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confidence, [ __ ] up your execution, and push you into revenge trades. It's never the losses that hurt.
It's our judgment of them. You lose a trade, and you immediately start telling yourself this story that, "Oh, I'm a bad trader.
I'm
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never going to make it. This strategy doesn't work.
It's not going to work out for me. I'm just going to quit." That story is what killing you.
is not the loss itself but your judgment of the loss which also mean that if you can change your perception you will trade
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with clearer decisions and like I always say a loss is simply a data point it's feedback it's the cost of doing business that's it and here's something controversial nihilism is a superpower in trading hopeful traders hold on to
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their losing positions thinking oh it will come back it has do. So they write losers all the way to the freaking slaughter house because they can't accept reality.
Well, pessimistic traders, they assume the worst. This trade is probably going
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to fail. So I'm just going to cut it the second it prove me right.
And that's how they survive [snorts] because they're not attached to hope. They're seeing the market for what it actually is.
So detach from the outcome. Trade like nothing matters because in the grand scheme of a career, individual trades
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really don't. Let me destroy a myth real quick.
Practice doesn't make perfect. Practice without feedback just makes you really, really good at doing the wrong things.
I see traders taking hundreds of trades, grinding every single day, putting in the hours, putting in the
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reps, and they're still not improving. They're still not seeing results.
Why? because they're repeating the same mistakes over and over without stopping to ask what am I doing wrong?
How can I improve? Repeating the wrong behaviors only cements bad habits.
If you're
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overtrading and you practice overtrading for 6 months, you don't become a disciplined trader. You become an expert overtrader.
Improvement comes not from doing more, but from doing more and reviewing more. So take the trade,
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journal it and review it. Ask yourself what do you do right?
What did you do wrong? What pattern keeps showing up?
That's where the real growth happens in the reflection, not in the repetition. And here's the truth that nobody wants
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to accept. Your equity curve is directly correlated with your ability to handle failure.
The traders with the best results, they aren't the ones who never fail. The traders with the best results, they aren't the ones who never fail.
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They are the ones who fail, learn, adjust, and keep going. They treat failure as feedback, not as proof that they're not good enough.
If you can't handle failure, your equity curve will show it. But if you embrace it, if you
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treat every loss as a lesson, that's when the equity curve starts pointing up. Train your mind to acknowledge that the market that you see is just one of 14 million other versions of the market.
One for every trader looking at it. Like
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I said, the market you see is just one version of the market. Like I said, the market you see is just one version of the market.
There are 14 million other active traders out there looking at the exact same chart and they all see
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something different. One sees a breakout, another sees a fake out, someone sees bullish momentum, someone else sees distribution and they are all convinced that they are right.
That's why your conviction means nothing. You can be 100% sure about a trade ideal and
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still be dead wrong because the market doesn't care about your analysis. So stop treating your trading ideas like they are freaking gospel.
You're not obligated to marry them. You take the trade and if it doesn't work out, just
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cut it. No story, no attaching your freaking identity to the trade.
And you are definitely not obligated to give your loss a second chance. the trade has failed, so just move on, right?
Like there's no reason to average down, hold and hope and just keep on convincing
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yourself that you will eventually come back because once again, that's just ego talking. The best traders that I know have zero emotional attachment to their trade ideas.
They trade, they adapt, they move on. That's it.
Let them doubt you. Let them doubt your trading.
Let
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them doubt your goals. Let them doubt your ambitions.
Let your family think that you are wasting your time. Let your friends think that you are delusional.
Let everybody around you think that you are chasing a fantasy. And then work in silence until your results silence them.
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Profits are the only revenge. Profits are the only revenge.
Not arguments, not explanations, not trying to convince people who don't believe in you. Just results.
Just work. Just win.
Because
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you are rewarded for the work that you do in the dark. The matters are worn in the darkness when nobody is watching.
The championship is worn behind closed doors by doing the work when no one is watching. The results are achieved by the little details that no one sees.
I
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remember when people thought I was crazy for pursuing trading. Get a real job, Brad.
That's just gambling. You're going to lose everything.
And I didn't argue with them. I didn't even bother to defend myself.
I just kept working. put my head down, kept working in silence.
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And then when the money started coming in, when I retired my dad, when I built the life that I say I would, they all stopped talking. That's the only response that matters.
Show them with your life, not your words. All right, that's pretty much it.
Before we wrap
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up, just drop your favorite quote from this episode in the comments down below. Like I said, it will help you lock in the lesson and you also help other people see what resonated with you.
And if this episode hit home, share it with someone who needs to hear it. It could be the unprofitable cousin or your
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friend who is revenge trading. Just share with them.
My name is Brett Gold. This has been episode seven of the Trader Code.
And remember, your journey is the edge. The setbacks are part of the story.
Keep showing up and you'll win in the