Hey hey: what's up my friends, so in today's episode i want to share with you five five trading lessons that i've learned from five years of losing so here's the thing right. It took me about four plus years, right before i became a consistently profitable trader or to the point where i actually see profits right from my trading account, so four plus years is almost five years, so in other words, i have been losing for close to five Years right before i see the the light, i see the green right so in today's episode i wan na share with you five lessons that i've learned and hopefully right you don't have to take five years like me. Hopefully i can help you reduce your learning curve. Sounds good then, let's get started first thing.

First number one! You must have a consistent set of actions before you get a consistent set of results. So let me ask you: do you want to be a consistently profitable trader or do you want to be a consistent trader? Yes, yes, then guess what your actions must be consistent, it's like duh! If, if your actions are not consistent, then how do you expect to get a consistent set of results if one day you're using fibonacci? The next day is price action? The next day's quant trading, the next day's breakout trading, then pull back trading. Then your results will be all over the place, because your actions is all over. The place makes sense.

There's nothing. You know a rocket science to this. It's just common logical sense. If you want a consistent set of results, you must have a consistent set of actions.

So a quick tip i have for you is that if right now, your trading is all over the place, you're trying everything and anything, it's not wrong, it's kind of like the rights of passage, but you don't want to be all over the place so, first and Foremost, you want to ask yourself: what do i want out of trading right? Am i looking to generate a consistent income? Am i looking to just uh grow my wealth over time? Am i looking to just capture trends at the stock markets? Once you have defined your goals, then you can find the right trading methodology to meet your goal. So, for example, let's say you're a stock trader and you just want to you know, capture trends in the stock market, right to make money, bull markets and maybe in bear markets not get killed. Then what you want to do is to master you know: uh stock trading methodologies, right that let you profit right in up trending markets in maybe it could be a momentum, stock trading strategies, a trend following stock strategy, so once you've defined what you're trying to achieve. Then you can find the right trading methodology right to meet your needs.

Okay, so that's a quick tip for you number two. You must have an age in trading, so i i it baffles me right to know that there are a lot of traders out there, who just thinks that you know trading is 70 80 trading psychology, it's all about. Looking for a minimum of a one to two risk reward ratio, it's all about managing your risk! Well, you can have the best training psychology. You can have a minimum of a one to three risk: reward ratio on each and every trade.

But if you don't have an age in the markets, you will still bleed. You will still lose money in the long run. So let me just give you a very simple analogy: okay, casino right: let's say you: a person wants to go to a casino and to beat them beat the casino and you know make a profit from it right you bring the best psychologist with you. You know pump you up, you practice sound risk management, you break adequate capital uh.

You raise a fraction of your capital on each gamble of trade, but guess what, in the long run, you will still lose money to the casino, and why is that? And it's all for a very simple reason, because the casino they have a mathematical edge over you now some of you might be thinking about rainer. You know in trading right. You know, you know it's not maths, it's not so straightforward, like casino having a doing maths. I agree: that's why, when you trade the markets right, you want to make sure that the trading strategy that you're using whether is it back tested or forward tested, gives you an edge in the market.

It shows you a positive expectancy, like maybe over the last five years, the last 10 years of data set when you apply your trading strategy right, it shows you that you know it makes money historically, so that could give you a chance right that when you trade, The live markets, you could possibly make money as well. You might think. Oh right now, you know back testing is useless, doesn't work in the in the real markets. I agree doesn't mean that back testing work, the life markets will work, but what i can be sure with you is that if your trading strategy fails during back test, you can forget it during the life markets.

Okay, but if your trading strategy works during a break back test, there's a possibility, it could work in the live markets and that's the purpose of you know doing back test right to kind of evaluate right which strategy are worth exploring and venturing into. Okay. You must have an age in the markets. No questions asked number three there's more than one way to skin a cat in trading.

So take me, for example, when i got into uh trading right, i i had this mindset that that that trading there's a certain type of trading strategy that works a certain way to trade, the markets, only that the the pro traders knows that i don't and that Uh that so-called conspiracy theory that i had was that you know they they could read the order flow. They can read the depth of market the bids and offers coming in and that's why they make money. You know in the market, so i did something that you know. Retail traders seldom have access to, and i thought that was the way right.

The only way you could make money right from the financial markets and boy, i was wrong right. That is one way to trade: the market right that it mainly is the scalper's domain right. They study the autoflow, the beats and offers - and you know, make a split second decision and that's just one way to trade. The markets right.

If you want to go to a more uh quantitative approach of quantitative traders to trade, the market using, you know, fixed mechanical rules, then you have you know traders who just simply rely on, let's say technical analysis only like trend followers. If price goes up, they buy price comes down, they cut their loss and stuff. Like that traders who just rely on technical analysis, then you have traders who realize on both technical technical analysis and fundamental analysis right. That is the cam, where you know uh what they call it: the uh: how to make money in stocks right uh from william j o'neal.

They use the uh, both fundamentals and technicals, to trade, the stock markets, and then you have also the discretionary traders who trades using the price section of the markets. Only so you can see that there are many ways to skin the cat and there's no one way right way. There are many ways right: you can make money from the financial markets, so so don't think that there's a holy grail out there right, because there really isn't. Fourth thing right: uh those traders that make money fast.

They also lose far. So in essence, what i'm trying to say that if you make money fast from trading, you will likely lose money faster from trading, because the reason why you make fast money from trading is because you're taking excessive risk. And if the market turns against you or when you get overconfident, confident you you take out even more risk, you lose even faster. So in trading it's it's not.

You know the rabbit that wins the race. It's it's the turtle right, the one that's slow and steady and consistent over time that you know compound their returns right. Those are the ones that win in the long run. This is a a marathon, not a sprint sounds cliche, but true and finally, the fifth lesson.

I want to share with you is model success. You know not just in trading but in life right. If you want to get somewhere, the cheat code is to find people who are already successful doing what you wish to aspire and just copy them. So for me personally, i want to be a consistently profitable trader.

I want to make money from the financial market, so i asked myself what were professional traders page funds? What were they doing to to make money from the financial markets, so that led me to trend following where i realized? You know there are millions of billion dollar hedge funds that employ a trend following approach right and they make money. You know for years and decades, even where there's even a book right, the turtle traders that talks about this trading methodology, then that then, that you know led me to explore other domains like you know mean reversion trading systems, trading, etc. So really, you know if you want to find trading success, find someone who is achieving the results that you want model them. You know think understand their thought process how they achieve it right, their their process, their strategies, their mindset and high chance.

If you can follow it right, you will likely get similar results instead, not exactly because we all hear why differently, but you should be at least in the right direction. Okay, so this doesn't just apply to trading camp. Apply to you know, business or maybe even you know doing well for the exams. You know find the top student what they are doing right model them same concept over here.

Okay, so with that said right, let me share with you again uh the five lessons that i've learned from five years of losing number one. You need a consistent set of actions right to get a consistent set of results. Number two: you must have an age in the markets number three there's more than one way to skin a cat in trading the markets. You can use ta fa, plus ta, corn trading, discretionary trading, etc.

Number four: if you make fast money in trading, guess what you lose it even faster and number five model success. Okay, so with that said, i wish you good luck and good trading. I will talk to you soon. You.