All language subtitles for 1. Barbeumvinte

outcome of the current
processes that are in place

makes the difference. So for
example, maybe you'll go on

accurate future profit and loss
projection to see where that

few modules are going to be on
and we're going to get the

crashing down but they also
want to get, you know, an

desperately trying to increase
your position, you know, up at

within the business. So, that's
what the focus of these next

winning when you don't love the
game. So, fall in love with the

the market is actually held up
by a solid foundation or if

systems of software their
intellectual property you know

eventually you end up having to
start all the way down at the

it's just hot air and the house
of cards is about to come

going to buy up a large share
of that company's stock what do

hold it up. So guess what? If
you are not building down here,

what it takes to become a
better player. The hard part

current profit and loss figures
are actually sustainable or

down. Process beats mission.
Deciding that you want to be,

going to look under the hood
and examine all of the inner

all of the contracts and
agreements that they have in

you know, in the hall of fame,
that is not the same as

maybe if they've, you know,
been produced from a bit of

deciding that you're going to
spend every single day doing

that is down here is what makes
you, what produces your

business but that's only just
one tiny part of it they're

fundamental basics of what
trading is, how the market

process and not the end result
that you desire. The process is

the top, maybe it might work
for a little while in the short

luck and they want to see if
that business is positioned in

the future profit and loss of
the business, those are both an

processes that are the backbone
of your business and they are

following few modules, we're
going to focus on applying all

process side of your trading
business absolutely nailed

just landing on the wrong side
of probability you know

business might be heading
because both the current and

you think they would look at of
course yes they would initially

know, there's a bit of a common
tendency for people to try and

workings of the business right
the operational procedures the

maintaining you know a
detachment from outcome based

ultimately, that's not going to
change your position, right?

maybe you'll watch another 30
videos after that but

systems that are in place, this
will give them a much better

to the business? Because if
they can see all of the inner

both enter and exit the market.
Now, over the course of the

inspect and audit all of that
before they commit their money

understanding, a more accurate
assessment if whether the

so commonly used by people is
because it really is about the

know, how to analyze price
action, and finally, how to

an investor was going to invest
in a company and they were

term, but ultimately there's
nothing solid underneath to

energy down here on the
process, then you're just

what actually reinforces that
position up there. I think, you

stuff that you do when nobody
can see you. And that's what

workings of the business, the
processes, the methods, and the

operates, how to manage your
risk, how to understand

going to want to look at the
full business pattern they're

place and why you know Why
would the investor want to

of that knowledge into the
process side of running and

position themselves high up
here without first building out

bottom again. Now, up until
now, you've learned the

operating your trading
business. So, those are the

It's everything you do behind
the scenes. The work you put

there at the top. So what I
want you to think about is if

probabilities, and what trading
in edge actually means, you

situation, you know, the
position that you see that

Everyone can see their position
but not what has put them up

you are not investing your
time, your focus and your

look at the headline you know
profit and loss figures of that

YouTube and you watch a nice
motivational video, you know,

visible is the process that
created that position that

results, and it's what gives
you your edge over time. So if

reason that that metaphor is is
super interesting and you know

expressions of uncertainty
instead you are focusing on

edge your strategy edge and
then losing only becomes it's

focus on the process. You need
to be getting up every single

in, the I was studying,
journaling, back testing,

tweaking, refining. The decades
of practice of your craft is

the foundation that determines
and uphold your position up

relative to you there is no
need for excitement or

results. Now, let's talk about
the nature of process then and

techniques to regulate them and
actively choose not to act upon

there. So it's essentially the
iceberg metaphor right? And the

long-term goal. So that you are
focusing on the process side of

thinking that is the pursuit of
excellence and mastery of your

matters consistent and
conscious daily effort whilst

kind of the solid foundation
below because all of this stuff

emotions but we just have to
observe our emotions and use

your training and not the
short-term outcome-based

dejection it's only the
management of probability that

are personally in control of
now what is you know really

areas that we just went through
you may give yourself the best

everything that exists below
what you see visible up here.

day and just focusing on
ticking off your three daily

craft. That's a very long
winded and fancy way of saying,

psychological edge that is
needed to drive your method

holds that position up in
place. So this down here is

both recording and reviewing
our performance and we can then

chance possible of achieving
consistency in your results

your performance which you can
control and that is the

interesting is that if you
achieve consistency in those

which you cannot control
because those are simply just

into all of those aspects of
our training business that we

isn't visualizing the win at
the end. The hard part is

our emotions. We're human.
Obviously, it's okay to have

long term strategy the research
and development department the

over time because then you are
no longer trying to win or lose

a position. We can also control
the consistency in regulating

control our consistency in our
process processes for trade

aim for consistency in other
areas of your trading that you

traders you know constantly
focusing and obsessing over the

me would I be happy if they
prepared for the trading day

use that feedback to drive
further growth and development

outcomes of trades we don't
control whether or not we

selection because we follow a
systematic framework for

where to trade our stop loss,
and even when to manually exit

mechanical criteria for
actually entering our trades.

management. You know, we hold
the power to choose our

preparation you know we can
control the consistency in our

decisions and we also control
our consistency in routines for

not. We decide where we place
that stop loss. Now, we can

the same way that I just did
and that little thought

profit orders, even where to
take partial profits, even

training I kind of like to
always ask myself that if I

analyzing our charts and of
course, we have a clear

We can control the consistency
in our process for risk

them so that we train our mind
to accept probability-based

management. We decide if and
when and where to set take

so what else can we control.
Well, we can control the

accountable to a really high
standard but also consistently

daily pre-trading routines so
with this aspect of my own

position sizing. We make the
decision to use a stop loss or

realise is that the more that
we value those things that are

consistency in our processes
for market analysis and trade

actually have control over. So
what can we in our trading

business or we can control our
consistency in personal

is what is visible to us. But
what often you know isn't so

aiming for that consistency in
your results it's far better to

outcome of individual trades.
But if you are searching and

exercise that kind of really
helps me to hold myself

someone is in. So, you know, we
see someone up there and that

uncertainty of the markets. But
what those losing masses don't

when you're trading is we
obviously do not control the

the importance of valuing good
process. So, there is any

front of their computers and
and they're pushing their own

high priority actions that are
getting you closer to your

You know, we need to learn how
to accept the risk and then

I've gotta win we're going to
win at all odds you know I can

the game and your emotional
caveman brain, remember it sees

day, months to month, you don't
always see it like that and

going to try and your need to
take that long term perspective

all uncertainty as a threat.
Everything uncertain was a

to help you avoid any of those
perceived pains just because it

but as traders, we actually
need to embrace uncertainty.

struggle to zoom out and focus
on that bigger long-term

agenda thinking you know I'm
going to win I'm going to win

day-to-day fluctuations because
if you remember this side from

Now, your brain's short-term
survival orientation is

outside of our control than the
less control we have. We have

that into the markets. You're
bringing that ancient brain to

trading and edge module, then
this is a list of all of the

the lesson that was called, are
you destined to fail in the

inner caveman brain taking over
in order to try and protect you

take the risk or because you
lose the chance of that reward.

picture and they're just way
too caught up in those

that you're bringing to trading
and it's activated by stress

threat and a danger to our
ancestors and that's the brain

wants you to survive and win at
all costs. But you cannot bring

common mistakes that traders
make and it's all due to your

were investing my own money
into someone else to trade for

say the monthly or the
quarterly average of your

curve but of course when you're
in the middle you know day to

zero control of the market.
Absolutely zero. But yet many

wrong because we are engaging
in randomness we're in the

want to lose we don't control
whether or not we are right or

make this thing happen but what
in fact you notice you know

this can drive some traders
insane when you know they just

when you look back after a long
period of time and you look at

in order for your edge to work
in the heat of the moment and

80% are blowing up because you
know they're sitting there in

upward equity curve in their
minds right now while that is

without a doubt you know it's a
pretty nice goal to have and to

and of course over what period
of time because we know in

photon we know that due to the
very nature of trading results

results then you can start to
see more of that smooth equity

REG plays out so your trading
account balance that

individual trade has a random
outcome but over the long term

than against us see traders
often say that you know one of

experiences short term
fluctuations in PNL but then

vary because it follows a
random distribution model each

you know they want that 10%
month or that 20% month every

along the curve to see the
results that they are creating

achievable in reality you know
to generate a monthly return

short and even the medium term.
It takes, you know, a really

processes and perfecting our
methods so that we can have the

their goals is to have
consistency in their profits

single month you know they have
this idea of a nice smooth

good while for the exponential
effect to kick in and really

start to take off but whether
you see it or not, those

of your consistent actions and
and your disciplines in the

results are coming either way
and we all have both of these

aim for it's kind of debatable
to what degree this is actually

power of the slight edge
working in our favor rather

now. It's really really hard to
see the effects and the fruits

types of traders within us but
we need to focus on our

It's because they don't know
how to look ahead far enough

wrecking balls why is it that
they can't stick to those

simple daily disciplines? Well
it's actually quite simple.

consistently actually get you a
result then why is it that

Whereas wrecking they fail to
understand the power of the

the simple daily disciplines
that it takes to get to where

working either for you or
against you the simple errors

they want to go. Easy to do but
just as easy not to do. So if

it's extremely clear that
simple disciplines repeated

themselves from their own
weaknesses, insecurities, and

and judgement repeated
consistently over time it then

imbalances and they mask them
with pride, arrogance, and

the power of compounding. That
small and simple disciplines

repeated daily carries you
upwards towards success.

pulls them down towards
failure. They don't stick with

compounding effect but it is
relentless and it is always

Builders understand the power
of slight edge. They understand

blame. They rarely take
ownership of the outcome and as

they perceive them to be or bad
but wrecking balls however they

just have an endless stream of
excuses to disassociate

a result, they never build
anything lasting or successful.

results you know builders are
always optimistic so they

improved because they are
taking extreme ownership of

they then know that their
process is constantly being

regardless of whether they are
good or bad results because

they look for someone or
something else to blame and

they fail to take extreme
ownership for their actions and

actually look forward to the
day when results are achieved

then they start to beat
themselves up about it or worse

those results regardless of
where they whether you know

teachers that are constantly
providing valuable lessons and

strategy and they never really
commit to the process. Builders

tosses it aside and they start
looking for a new shiny

process right. Whereas the
wrecking ball, you know, they

have developed a mindset that
allows them to view mistakes as

a continuous feedback loop if
wrecking bulls make a mistake

trusting the results will come
over time if they get that

they get discouraged. You know,
if a strategy doesn't produce

winning results quickly or it
goes through a bit of a

method whereas wrecking balls
are absolutely fixated on

immediate results and if they
don't materialize away, then

difficult period, builders are
trusting the process and that

acting pulsively and are driven
by their ego. Builders are

are extremely disciplined and
process driven. Wrecking balls

focused on following their
procedure and perfecting their

business. Mark Naverni talks
about this interesting concept

trader within us all is the
wrecking ball. Now, builders

everyone. One type is the
builder and the other type of

that there are two types of
traders inside you, me, and

begin building out the process
side of running your trading

Over the course of the next few
modules, we are now going to

the prize.