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What's up everybody? Welcome back to the Trader Code podcast hosted by the goat of trading, Brett Go, or should I say Brett Gold.
Anyways, today we are going to be talking about faith, money, freedom, and what separates traders who
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survive in this game from those who don't. Let's get right into it.
Faith isn't hoping for the best. It's doing your part and trusting God with the outcome even when his timing doesn't match yours.
To be honest, this is like the hardest lesson that I've ever had to
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learn. And that is the fact that you can do everything right and still lose.
You can follow your trading plan, execute it perfectly, manage risk like a professional, and the market can still hand you a loss that makes you question everything, makes you doubt whether your
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strategy works or not. And I think that's where faith really comes in because faith isn't some passive thing where you just pray every single day and hope it works out.
Faith is active, which means that you still have to do your part. You still have to prepare the charts.
You still have to put in the
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reps. You still have to study.
You still have to execute. But then you have to learn how to let go.
You have to trust that God's got the outcome even when it doesn't look like what you expected. You have to trust in his divine timing.
Like
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I said, you can literally work as hard as humanly possible, but let him decide when you will succeed. I used to think that success was all about control.
You know, if I could just control every single variable, manage every single risk, you know, take into account every single thing that could possibly go wrong, then I will win and everything
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will go perfectly well. But trading has taught me that that is simply an illusion.
Control is an illusion. You cannot control the market.
You can't control when your edge plays out. You can't even control whether this trade is going to works out or not.
No matter how
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many confluences you have, no matter how confident you are, all you can really control is your preparation and your response. That's it.
So there was a season in around 2023, you know, where I was doing every single thing right. I
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was extremely disciplined studying the charts, being a student of the markets, following my process, managing risk, you know, staying disciplined, staying focused, and I still had three losing months in a row. And I'm not talking about like
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small losses. I'm talking about draw downs that really made me question whether trading was even worth it, where like I actually knew what I was doing or not.
And I remember very vividly sitting on my desk at one night staring at my trading journal and just thinking to
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myself, what the [ __ ] am I missing? I'm literally doing everything right.
And the answer that I found after a lot of introspection was that it wasn't some new strategy that I needed or better execution. It was one thing.
It was faith.
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I had to trust that if I kept showing up, kept doing the work, kept aligning my actions with the person that I was becoming, the results would surely come. Not on my timeline, but on God's.
And now looking back in retrospect, I
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realized that those three losing months taught me so much more lessons about both my strategy and my myself that allowed me to like later on became profitable, right? later on actually get results and actually start to see
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consistent results. And it's already thanks to those three months which felt extremely miserable and hopeless in the moment.
And here's the thing about God's timing. It's rarely convenient.
It doesn't match abuse. It doesn't care
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about your ego, but it's always perfect. That is why I have this frame where whenever I'm encountering a hardship or like a failure, I just know that in the future, I'm going to look back in this moment and be grateful that I encountered this
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because once again, it's just God's timing and play. When I stopped trying to force outcomes and I started focusing on alignment, you know, aligning my actions with my values, my process, with my purpose, everything shifted.
not
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overnight, but like it did shifted over time. And success stopped being about how much money I made and started being about whether I was becoming the person that God designed me to be,
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whether I was becoming the person with a strong character who can endure hardships and tumultuous times. Because here's the truth.
You can accumulate all the money in the world and still feel empty. But when you're aligned with your
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purpose, that's when you feel whole. That's when you feel fulfilled.
That's when you don't just feel this, you know, quick flicker of happiness, but you actually feel lasting fulfillment and joy. So, if you're in this season right now where you are doing everything, you
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know, you are disciplined, you are waking up at 5:00 a.m., but you are still not seeing results, do not quit. Keep preparing.
Keep showing up. Trust the process.
Trust his divine timing.
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And trust that if you're aligned, the outcome will come when it's supposed to. Freedom isn't the ability to buy anything that you want.
It's the ability to be able to walk away from the charts and still feel complete and still feel happy. Let me tell you about the
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wealthiest trader that I've ever met who was also the most miserable, the most trapped. So this guy, let's call him John, he had everything, you know.
He had a eight figure trading account. He had house in the hills.
He got cars that cost more than most people houses. He
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got a freaking gigantic backyard behind his house, right? Where he grew like flowers and [ __ ] But he couldn't take a vacation without checking his positions.
Key couldn't have dinners with his family without his phone on the table.
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Key couldn't sleep peacefully through the night without waking up to check futures. He had all the money in the world, but he had no freedom.
And that's when I realized that the biggest illusion about wealth is that money equals freedom.
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In reality, a lot of traders with money are just rich slave. Slave to the charts, slave to money, and slave to other people's opinions.
And here's the lie that we all start to believe when we start trading. Oh, once
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I make enough money, I will finally be happy. I'll finally be free.
But freedom isn't about how much you have. It's about how little you need the market to feel okay.
How little you need from the
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market to feel okay. Real freedom is being able to walk away from the charts and still feel complete.
It's not needing the next trade to validate you. It's not constantly obsessing and refreshing your P&L every
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five minutes so that you can feel like you actually matter in this universe. is not letting your net worth dictate your selfworth.
Most traders out there think they are chasing freedom, but what they are really chasing is dependence. They become slave to the chart, slave to
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their computer, slave to what other people think about their success. And the irony is the more money they make, the more trap they become, the more enslaved they become.
Now, the reason why I'm telling you guys about this is because I fell into this exact same trap for a long time, right?
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Like this adonistic treadmill. I thought that if I just make enough money, you know, 100k a month, 50k a month, I will finally relax, I'll finally feel secure, I'll finally be happy.
But every milestone that I hit, whether
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that's 10K a month, 20K a month, 30K a month, 50K a month, I just continuously raising the bar. The goalpost kept moving.
I kept on wanting the next high. I keep on chasing the next high.
And that's when I realized that this isn't freedom. This is simply a nicer prison
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that I've built for myself. Real freedom came when I learned to find completeness outside the market.
When I built a life that I love that didn't revolve around my P&L. when I could close my laptop, my MetaTrader 4 on a
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Friday and not think about trading until Monday and feel okay about it, you know, feel good about it when I'm not constantly obsessing on how my trade is going because I trust my analysis. To me, that's real freedom.
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So, ask yourself this one question. If the market closed tomorrow and is never open again, would you still feel whole?
Would you still know who you are? Because if the answer is no, you're not chasing freedom.
You're chasing a trap.
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Now, let's define success. Like what actually is success?
What is considered as being successful in this society? Now, I personally think that success is subjective.
Which means that to me I define success as simply getting what
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you want from life. But the thing is most people they don't even know what they actually want.
They think they want a Lamborghini but what they actually want is the validation from other people. They think they want a big house but what they actually want is love from
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their family members. They think they want that jewelry but what they actually want is respect from their colleagues.
Right? So it's like you think you want something but this is what they actually want.
And the problem is most people don't know what they want because they don't spend the time asking themselves
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what they actually want. So right now at this point of time I want you to stop and pause on this video and ask yourself this one question.
What do you actually want from this one precious life? What do you want to achieve with the
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limited amount of time you have left on this earth? Just think about that.
Not what Twitter want, not what you think you want because other people want the same thing on Instagram, not what your family want from you, but what you
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actually want. And trust me, 95% of the traders watching this will not be able to answer this.
They will say something vague like, "Oh, I want to become profitable or I want to be free." But once again, that's just noise. It's
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like, okay, you want to be profitable, you want to be free. Everybody, every trader who trades wants to be profitable and free, but once again, you haven't clearly defined what is it that you actually want.
And if you don't know exactly what you want, you're going to work on everything. You're going to join
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10 different signal groups or Discord groups, try out three different strategies, try out options, futures, stocks, crypto, forex, and end up just getting nowhere because once again, you don't know what you actually want. So sit your ass down and ask yourself what
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do you actually want? Because getting there is the easy part.
If you know exactly what you want and you have the patience to ensure that you know the results will eventually come and you have like this blue collar work ethic and this indomitable will then
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eventually you're going to get what you want. But like I said it all comes down with understanding what is it that you actually want.
And this also ties in with another thing that I always say to my students. You are not productive.
You're just busy. Business is a drug.
It
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gives you dopamine, right? It makes you feel like you're working insanely hard.
But in reality, you are running all over the place without understanding where is the destination without getting anywhere. Right?
Like
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I've seen so many traders, they grind like 12 hours, including myself in my first year of trading. you know, they look at the charts from morning all the time due they go to sleep and then they have like this bloodshot eyes, you know, like and and then like they they they eat junk food and all that stuff and they end up still being unprofitable,
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right? They end up still losing.
Well, that's because they are working on everything instead of the one thing that can actually make them profitable. Like, bro, if you just do the one thing, right, the one boring [ __ ] that will actually make you profitable and ignore everything else, you will get there.
So
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to me I also define success as doing less. Now once you understand what is it that you actually want from this one precious life then it's not about doing more.
It's about doing less. It's about getting rid of anything that doesn't move you closer towards your goals.
It's about identifying the task that actually
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move you closer to what you actually want and just focus on doing those tasks which is the right things consistently and obsessively and violently. Like I said, if you can just get laser focused and get crystal clear on what is it that you actually want, everything changes
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because everything happens twice. First in your mind and the second time in reality.
But like I said, you still need to understand what you want in your mind so that you can take the actions that is in accordance with what you are trying
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to achieve. So, like a few weeks ago, I was actually going down to grab dinner after like a long work day, and I saw this Aston Martin Vontage covered in this bright green card right in the car park of my residence area,
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right? So, I was like, "Wow, that's actually pretty cool.
I I want that, man. I want that." But then what I realized is that I don't actually want that.
I want what other people would think of me if I drive that car, which
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is simply respect from my community, which is simply external validation from random strangers. That was what I actually want.
I want the attention. I want the respect.
I want the validation, but I don't want actually want the stupid car. And I think the reason why I
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managed to came to that conclusion is because I have really figured out what I actually want, right? I realized that I didn't want the super cars.
I didn't want the Twitter fame. I don't want to manage investors capital.
I just want freedom. I just want fulfillment.
And
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once I actually figure out what I actually want, like I said, anything that doesn't align with what I want, those are simply not my true desires, which is why I'm fully okay with like relinquishing those desires because I've
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understood that other people's desires are not my desires. And once again, when you actually figure out what you want, this is where you cut out strategies that doesn't fit your personality, your goals.
You'll stop chasing opportunities. You'll stop forcing trades ruthlessly reging the trades
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recklessly. And then you will start seeing results.
So right now, if you are grinding, you know, you're working hard every single day, but you're not seeing any significant progress, stop. Sit down, write down what you actually want and get very specific.
Don't just write
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down I want prof to become profitable or I want to become free. No, I want to make $5,000 a month so that I can bring my family to a nice meal so that I can travel the world.
Right? Be extremely specific.
And then what you want to do is to look at your daily actions and ask
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yourself, is this moving me towards my goal or just keeping me busy? Because remember, you are not productive, you're just busy.
Do not confuse the two because real work isn't screen time.
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It's clarity. Now, why do losses hurt?
It's not because you lost money. It's way deeper than that.
Losses hurt because they expose a flaw in your character. It reveal a gap between who you think you are versus who you actually are under pressure.
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For example, you say that you are disciplined, but then you start revenge trading. You say that you are patient until you start forcing trades.
You say that you're going to trust the process until one huge losing streak makes you
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question everything. So quite simply put, the reason why losses hurt so much is not because it exposed a flaw in your trading strategy, but it's because of the fact that it expose a flaw in you.
Losses are simply a mirror and most people do not like what they see.
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They think that they are this profitable, confident trader until they get punched in the face by the market, right? They they think that they are this equinimous trad until they start spiraling out of control after a massive
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losing streak. And that's why losses hurt so much is because it's that brutally honest body that just throws the towel right back at you and just holds you accountable.
So there was this one particular day itself in around 2021
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in my first few years of trading and there was this one session where I had just lost I think about a few thousand dollar and right after I lost a few thousand what I did next was that I started just neglecting my trade plan. I
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violated every single trading rule in there, right? Whatever my trade plans did asked me to do, I did the opposite of that.
And then I ended up overleveraging. I start chasing trades.
I start revenge trading because I wanted to make back the money that I've just lost. And when those didn't work out,
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right, when the trades start going against my way, I end up just holding the losing positions way too long because of my ego, right? Because of the fact that I wanted to prove the market that I'm right and the market is wrong.
And then obviously you know the end of the story, right? Blew the account and I
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did that multiple times, right? Like it's always the same mistake.
And that's when I realized that the reason why the loss was actually so detrimental was not because of the fact that I had lost the first few thousand dollars at the start.
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It's because of the fact that I had let the loss get the best of me. I have let the loss define my worth, right?
defined my strategy and as a result my reaction to the loss caused me to take all of these stupid actions, make all these stupid
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mistakes that allowed me to lose even more money. So, it's like it's not the loss that hurts, it's how you react to the loss and how you perceive your reaction to the losses itself that hurts.
And I always say that who you are on the charts is who you are off the charts. So if you don't have discipline
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when you are trading, you're going to realize that you are not going to have much discipline everywhere else. Whether that's in the gym, whether that's being present with your friends, in doing conversations, whether that's in life, right?
Doing the hard things because the
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market is simply a reflection of you, right? Trading didn't create the flaws that already like existed within you.
It simply spotlighted them. is simply just shown a light at them and allow you to understand what are the things that you are truly weak at.
What are your
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weaknesses? Now here's the good news.
Once you really accept this fundamental fact, then you can actually fix it because every single loss is simply a feedback. It's not a punishment.
It's not the market hating you and being biased against you because you are
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Asian. No, it's just data.
So don't just analyze the trade when you lose a trade. Analyze yourself.
Ask yourself what character flaw did this trait expose? Is it impatience?
Is it greed? Is it fear?
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Is it doubt? Whatever it is, because that's the root cause and that's what you need to work on.
Until you fix the person, you will never fix the trader. Which also means that if you don't fix the trader, you will never be able to see the results that you actually want
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to see from the markets. People think that money solve everything.
once I make X amount of money, I will finally be happy. But that's [ __ ] because money doesn't change you.
It amplifies what's already there. And I think I realized this when I was working as a waiter
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earning about like $8 an hour, but then the customers who were counter eat at our restaurant were all rich, right? Like a meal there cost on average like $1 to $200 or even like $300, right?
So every single customer who come to the restaurant, they are quite wealthy. And
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what I've realized is that dude all of these people are rich but then there is such a significant contrast in their personalities in the way they treat other people in the way they treat the waiters. There is some rich people who are really kind to the waiters.
You know, they will tip them. They will say
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thank you when you serve them. And then there are the rude customers who are equally as rich as those kind customers, but then they will just be rude to the the waiters, right?
They will like just shout vulgarities at the the waiters and treat them as like dogs. So that's when
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I learned that money doesn't change who you are. It simply amplifies your character.
If you are insecure right now, when you make more money, it's just going to make you more insecure. You're just going to be worried about, you know, losing everything.
If you're selfish right now
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and you make more money, it's just going to make you more selfish. Now, you want everything to yourself.
You don't want to share any of your wealth and fortune. Now, if you're an [ __ ] right now, guess what?
You will just be a ritual [ __ ] So, it doesn't really change your character. It simply amplifies it.
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But the flip side is true. If you are generous right now, then money lets you bless more people.
You can use it as a tool to serve other people. If you're kind right now, money amplifies that kindness.
You use your money to do good
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in this world. If you're aligned with your purpose right now, then money is simply a tool that allows you to serve that purpose itself rather than you serving money.
And once again, I've seen both sides in the market as well. There
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were some traders who started with me and a few of them succeeded and out of these few people who succeeded. One group made all the money in the world, but they lost their soul in the progress, right?
They became miserable. And then the other group, they make all the money in the world, right?
A lot of
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money, billions of dollars, millions of dollars, and they have built something beautiful. they have built something like a foundation and they start doing philanthropy or they start giving back to the community.
They start thinking about how they can help other traders to get to where they have gotten themselves
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to. Right?
It's like both groups made a lot of money but how they used their money was completely different. One treated money as a god, the other treated money as a tool.
a tool that allow them to serve other
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people that allow them to get what they actually want that allow them to become more happy. Once again, the only difference between these two groups is that the second group, they did the inner work before the money came.
So before they started getting wealthy, they were already
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meditating, they were already kind, they were already virtuous, they were already helping people, they were already thinking about how they can make the world a better place. And then when the money actually did come, it just allowed them to do all of those stuff at scale.
It allowed them to become more happy,
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more peaceful. It allowed them to give their family a better life.
It allowed them to actually serve humanity. And it allowed them to actually make this world a better place, a better place than they have entered into this
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world. So if you're not who you want to be right now, understand that money will not fix that.
Money will only fix money problems. It will not solve character problems.
It will not bring you lasting happiness. You still have to do that own inner work, right?
You still have to put
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in the work in order to make that actually happen. So before you chase the next win, before you chase the next goal of making 10K a month, 50k a month, I want you to ask yourself when you actually got that amount of money, what are you going to do with that amount of money?
Or rather ask yourself, who am I
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becoming in the process? Because when the money come, you want to be someone who can handle it.
You want to be someone who can keep it rather than giving the money, self-sabotaging yourself, and just donating the the money back to the markets.
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So, it's so important for you to just work on yourself right now. Build your character right now.
Develop virtues right now. Become better mentally, physically, spiritually.
So that eventually when you become
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better financially you are able to grow that wealth in a sustainable manner because always remember money is simply a multiplier. What it multiplies is up to you.
You
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know what kills most trading careers? It's not bad risk management.
It's not bad strategies. It's distraction.
We live in a day and age where there's an abundant amount of information. There's free courses, there's free
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trading books, there's free podcast, free audio books, but what we lack is the ability to focus, is the desire to learn. So I always say that it's information that is
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abundant, but is the ability to focus that is scars. Like I fundamentally believe that every single trader who you know start out trading they have the potential they have the intelligence they have the tools for them but they are just way too scattered they are
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trying to learn every single trading strategy they are trying to trade every single thing they are trying to be everywhere at once and this lack of focus blitz them dry it allows them to just spread their energy and time and attention thin right now instead of focusing on mastery they just focusing
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on trying to get good at different things and just catch nothing. Just like the saying goes, he who tries to catch every rabbit catches none.
Right? Like before you know it, you are using five different systems, learning from five
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different mentors and you have mastered none. And that's when I realized that more profits have lost from not focusing on good setups rather than from bad setups itself.
It's like it's not difficult to spot good setups, but it's
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difficult to ignore bad setups. The hardest part about trading isn't spotting the A+ trades.
It's in ignoring everything else, right? Because people start forcing trades even though there's no clear opportunities.
People start jumping into the trades early. People
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start taking trades because they think that the market is going to go up when in reality the market is in an obvious downtrend. And all because they can't sit in silence.
They can't do nothing. And they let this itchiness to make money cause them to make a bunch of bad
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decisions, take a bunch of stupid trades and lose even more money. And it all comes down to your lack of ability to focus.
So mastery is simply knowing one strategy so deeply that you can execute it in your sleep. And that's what you
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want to get to, right? You want to get so good at executing that one strategy that it becomes second nature that it becomes muscle memory.
When you see on the charts, you can just execute it. When I stopped trying to be good at everything and I started to focus
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obsessively on my edge, not John's edge, not Tom's edge, not Alex edge, but my edge. That is where I became consistent.
You know, I stopped looking at every chart, every single asset class. I stopped trading every single session.
I
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stopped chasing every opportunity and I simply narrowed my focus to setups that I knew actually worked and I just executed my trading plan relentlessly. So instead of spending so many time and hours on the charts, I know exactly what
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time to trade, what price to enter the positions on, and what price to get out of. And anything that is outside of this scope simply distractions is irrelevant.
And the result of this maniacal focus was my win rate start going up. My
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confidence start going up. My trust for my strategy starts going up and my P&L starts going up.
Once again, not because I learned more stuff, but because I focus more. I built death instead of
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with. So, if you're struggling right now, it's most likely not because you are stupid or not because you lack potential.
It's because you're distracted. And what you really want to do is to just cut out all the noise and find your edge.
Find the one trading strategy that works for you, that suits
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your personality, that suits your risk tolerance, that suits your goals, that suits your trading style, your your currency pairs, whatever. And just master it.
Because remember, you don't need hundred strategies. You just need one strategy executed perfectly over an
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extended period of time and just let the math work in your favor. So, this next quote is honestly my personal favorite quote of all time that I've personally returned.
And I was pretty much on the taxi home after running like a 6km run.
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And then I looked out of the taxi window and I saw a couple holding hands. And that made me inspired to actually write this tweet.
That allowed me to ponder about what are the things that I had to sacrifice in order to get to where I am.
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in order to be able to live in this $1.8 million condo with like the best view in Singapore who was able to become financially free and is able to become an expert at analyzing the charts. So that inspired me to write this tweet.
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So here's the tweet. Nothing in the market is free.
Profits cost discipline. Consistency costs time.
Mastery cost practice. If you're not willing to pay the price, then stop complaining about the results you haven't earned.
And what
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I basically mean by that is that a lot of these beginner traders, they feel entitled, right? They think that, oh, I deserve success because I've shown up every single day.
I've opened a trading account. I've deposited $500 and I've took a bunch of trades.
I've watched a bunch of YouTube videos. And now I'm
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going to wield my profitability into existence, right? I'm going to become a millionaire trader right now.
And then they become angry at the market when they are not profitable after three freaking weeks. Profits cause discipline.
And discipline
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is the ability to follow your trading plan even when it's boring, even when your painful instincts scream otherwise. Even when you have just lost five trades in a row, the discipline to just continue execute the plan relentlessly.
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Consistency costs time. It takes a tremendous amount of time to back test, live trade, forward test, journal, review, learn from your mistakes, refine your trading plan so that you can actually get competent.
Once again, takes a [ __ ] ton of time.
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There is no shortcuts to success. Just a million things done for an extended period of time.
And mastery, mastery costs practice. It requires you to actually take a lot of reps.
It requires you to trade through losses. It requires
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you to fail over and over again and just constantly getting back up to just adjust your trading plan just so that you can fall again and again and again. So if you're not willing to pay the price, right, which is practice, time,
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and discipline, then you shouldn't be mad that you are not profitable. You can't skip discipline and expect profits.
You can't avoid practice and expect mastery. You can't halfass the process and demand consistency.
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Market doesn't owe you [ __ ] It doesn't care about your life or the fact that you need to pay the bills. It only rewards people who pay the price.
So stop looking for shortcuts. Stop blaming the market.
Stop waiting for the magic indicator. The path is right in front of
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you. You just got to walk, buddy.
It's hard as [ __ ] It's boring as [ __ ] It's repetitive. It's unglamorous.
It's dirty. But it freaking works.
So pay the price. Put in the time.
Walk on the path. Do the work.
And eventually you
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will earn the outcome. And if you're not willing to walk, if you're not willing to put in the reps, stop complaining about the results you haven't earned.
Here's what nobody tells you. The moments that you think you will remember forever, you will forget them instantly.
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I'm talking about the flashy wins, the big trades, the time you make your first $10,000 a month, the luxury trips, right? The nice dinners with your family.
you will get used to them and eventually the dopamine will wears off and then
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eventually you'll end up chasing the next high. That's just humans.
But the moments that actually stick is when you have accomplish something difficult. When you have showed up fully for the people that you love.
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When you are fully present with your friends. You can be eating the shittiest meal, but if you're present, boom, that's the moment that you remember.
When I think back about my most memorable times, it's not when I'm freaking staying at like a
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fivestar hotel in Dubai or staying at like a $3,000 spent house in London. No, it's when I was fighting a mission in the jungle with the boys.
It's when I was back testing and having my
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ex-girlfriend supporting me even when I was not seeing any results. It's when I was eating a cheap meal with my family, being present, celebrating my birthday.
Those were the good times. Those moments weren't about accumulation.
It wasn't
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about how much money I could spend as much as possible. But it's more about presents.
We think that good times are ahead. you know at some milestone.
But the thing is good times are right now. It's in the struggle.
It's in the small winds. It's
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in choosing presence over distraction. Which is why I also say that if you want to be more happy, just be present more often.
That's a secret hack right there. Not scrolling on social media, not scrolling Twitter, not worrying about your future
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or the next trade. just here fully engaged right now as you watch me speak because five years from now you are not going to remember the P&L on like a random Tuesday but you sure as hell will remember if you showed up for the people
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who actually mattered if you showed up for your son's soccer game if you actually brought your family to like a nice place and have like a great experience with them. So, close the laptop sometimes, put your phone down,
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and just be where you are, breathe, because that's where the good times actually are. Most traders ask the wrong question.
How do I hit this goal? How do I make 10K a month?
When in reality, you should be asking yourself, who must I become to deserve it? Because the truth
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is, you can hit a 10K a month goal and lose it just in one day if you are not the person who can sustain it. And I've seen it happen over and over again, including myself, right?
Where I grind extremely hard, I hit the target, I make the money, but then I end up
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losing the money the next day. All because I didn't build the character that was required to keep the money.
I hit the goal, but I didn't become the person who deserved the gold itself. So before you start going off there hustling and chasing the next milestone,
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ask yourself these three questions. Who must I become to deserve this?
Not just skills, but your character, your discipline, your mindset. What must I do daily to achieve it?
Not someday, but what are the actions that I need to
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repeat every single day consistently so that I can achieve the goal? What qualities must I build to sustain it?
Once I hit the goal, how do I keep it? What are the habits, the values, the disciplines, the virtues that is needed to keep the money that I've made?
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These are the three things that you should ponder instead of okay, how do I make 10K a month? So, here's the secret, right?
In order for you to achieve your goal, all you need to do is to just show up every single day and build yourself into the person who can handle success. The person who can handle a million
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dollars in his bank account. You can't skip the becoming.
You can't hack character, right? There is no shortcut to this [ __ ] You have to build it one rep at a time.
So focus less on the material goal on the external goal and focus more on who you are becoming
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your internal scorecard because that you can control. You can control the traits that you are actively trying to develop.
You can control whether you shop every single day. You can control whether you follow a trading plan or not.
When you become the right person, the goals will
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take care of themsel. When you become a skilled trader, the money will eventually come.
Risk management is a love letter to your future self and you are the only one responsible for delivering it. Now, to me, I believe
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that risk management isn't just about protecting capital. It's way deeper than that.
Each time you size your trades responsibly, you're literally telling your future self that I care about you. I'm not going to blow up because I got greedy.
Every single time you take a
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loss and you walk away instead of taking one more revenge trade to make back the money you have lost, you are telling your future self, I trust that you will have more opportunities. So, I'm going to preserve my capital for you.
Every time you stick to your trading plan,
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when it's getting hard, when you're going through a losing streak, you are just writing a love letter to the person that you're becoming. I love you, man.
Because here's the thing about trading. Nobody else is going to protect you.
You don't have a boss. You don't have a colleague that's holding you
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accountable. The market is not going to like ask you to be disciplined.
Twitter is not going to ask you to be disciplined or your trading guru or your trading signal group. You are the only one responsible for delivering that love letter.
And if you don't, if you blow up, then
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you're not just losing money. You are betraying the person that you could have become.
You are literally telling your future disciplined self, bye. I'm just going to become an unprofitable wanker.
So, every single trade, every single decision that you make in the markets is an
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opportunity for you to ask yourself, am I honoring my future self or [ __ ] them over? Because if it's a letter, then my friend, you're not going to loss in this game.
The person you are today is writing the story of the person you will
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be tomorrow. So make it a good one, right?
So that's it for this episode itself. I hope you guys have enjoyed this gems and wisdom.
As always, go and comment down what's your favorite tweet. And my name is Brad Go.
This has been episode eight of the trader code. And remember, your journey
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is the edge. The setbacks are part of the story.
Keep showing up and you'll win in the