Trading has changed my life and no, it's nothing to do with Lamborghinis Ferraris or hot chicks. Instead, trading has given me Freedom It has taught me valuable life lessons and it's also very financially rewarding when done correctly. So this is why in today's video I'll share with you how trading has changed my life and more importantly, the lessons that I've learned from it. because these are the lessons I wish I've learned in school.

Yeah, and if you applied I believe you quickly improve your trading results plus lead a much more happier and fulfilling life. Sounds good then let's get started. Now the first big change that trading had on my life is this passive income. So as you know, right? I am deeply passionate crazy about trading.

So what I did to share my passion with the world is that in 2013 March I created my YouTube channel. Okay so you can see over here and as you know right, YouTube they pay Creator Revenue right on their videos if your channel is monetized. So for example, this is one of my videos that I created. you know a number of years ago and you can see that till date, right? This particular video has earned me like 27 000 28 000 to date and right now every day it earns me about I'm guessing around here I can look at the the graph over here about 10 15 20 per day.

So if you think about this right, this particular video was created years ago until today. Right now every day is earning me about 10 15 20 per day. and in other words, it's what we call passive income Because I'm not doing anything to this video anymore. Okay, so now you might be thinking man, Reyna I want to earn passive income like you, right? I Don't you know work at a job that I hit All right? That's a fair statement, But here's what you need to know right when it comes to passive income, right? Many people think that they can get paid for doing little to nothing.

So here's the truth about passive income, right that not many people will tell you. So there are two primary ways you can earn passive income. The first method is it requires you to have large upfront. Capital So let's say, for example, you have a million dollars.

You put it in a fixed deposit that earns you five percent a year. That's a passive income of about fifty thousand dollars a year. The second method requires huge upfront work involved. This means you have to develop the systems, the process right for the machine to work.

so you can earn passive income years down the road. And for this huge upfront work involved, right? One example is my YouTube channel. So if you look at my YouTube channel, you know that it was created back in 2013. But does it mean that in 2013, 2014, 2015 is where I got paid from YouTube if you look at the video stats I shared with you earlier I only got paid in YouTube sometime in 2018 or in this case early 2019.

So this means that I've been on YouTube for years producing video week after week, editing videos week after week, and getting paid Zero dollars. Would I know that you would have come to this day to be honest I Have no idea I just did it out of passion and along the way things did work out for me. So if you want to go down this route right, you will be expected to put up a lot of upfront effort and work involved at the start for even years and you won't be seeing results. And if things do work out for you, you could then earn passive income right later down the road, right? But you shouldn't expect it from day one or from year one all together.

And if you feel that this is something that you can embrace, you can accept that. Hey, maybe YouTube is an Avenue for you and it's the same for trading. Like you won't be seeing profits in your first year, your first month, or even in your second year, but years later. If you get good at it right then, yep, you will, you'll be able to.

You know, profit consistently from the markets mix massive confidence. SO Trading is an Endeavor That gave me massive confidence. Here's why. so back in 2014: October Let me take you back in time, right? I Was trading this currency pair dollar against the Japanese Yen and I will never forget this trade.

So on the one hour time frame on dollar against the Japanese Yen the price action looks something like this. it was in an uptrend. Then this currency pair re-tested this area of support and did a false break when the price rallied back up of support and close above it. I went long on the next candle open stops the distance below this low and a few days later, can you guess what happens next the Bank of Japan intervene into the market.

So this means right, the Bank of Japan massively bought US dollar against the Japanese Yen So if you look at the chart right, it pretty much looks like a massive breakout. It's so strong the breakout it broke out of my monitor higher. Just kidding, right? But to just illustrate the power of the the strong move is that if you look at this daily time frame, this is the magnitude right when the dollar against when the Bank of Japan intervened in the market and prior to this Spike up I was already in a long trade on a one hour time frame. and as you know right, if you enter on a one-hour time frame, your stop loss is usually very tight.

I think if I recall it's about 20 30 Pips There about so I was massively in a profit and as the market progressively moving my favor I Continue, you know, scaling in my trades right at a higher price, right? of course, right with a proper risk management. And by the time that the market hit my trailing stop loss. Can you guess how much how much I've made on this street? I achieved a 1 to 50 risk to reward on the trade. So in other words I risk a dollar and I made back 50 on that trade.

And after that trade, right I had the confidence this massive confidence that no trading is something that I could do for the rest of my life. And as you know, right when it comes to trading 95 of Traders they lose consistently in the long run. So this means that I'm actually in the top five percent of Traders And when I realized that that confidence just you know spilled into every other aspect of my life like for example, at the thought of you know, maybe, do you want to, you know, start a business? Yeah, sure, Why not? What's stopping you? Maybe you want to get a six packs? Yeah, why not? I Can you know, drop my body fat down lower? Maybe you should be a millionaire? Yeah. I can just convert into Rupios and be a millionaire? Yeah, so you can see that, you know Jokes Aside right? The uh.

trading right? becoming a consistently profitable Trader right? That confidence spilled into other areas of my life and these days, right? You know? this confidence is very hard to Define right? But once you you you nil this skill right. Knowing that most Traders feel your confidence will just you know go up a level up higher and of course right. There are times where I got overly confident and I paid a price for it. but more often than not, Right.

This confidence has done me more good than bad. I've learned that there is no such thing as failure, only feedback and this is what will power through in your docker's days. So for example, remember one of the biggest reasons I feel that you know why most Traders fail is because they personalize their losses and failures right? So for example, they feel attacked. They feel stupid.

They feel that the market is out to get them right whenever they have a losing streak. and when you do that, it's a matter of time right before you will quit trading altogether Because who likes to be proven wrong and wrong and wrong over again? So let me give you an example. So a Trader might learn a new trading strategy right? and then he gets a negative result. Maybe losses, a few losses and then he would think man, the trading strategy is not working.

let me go and find a new trading strategy again. and then let's say he encounter losses again. So if you repeat this cycle over and over again, Right. New strategy, Negative results New Strategy Negative results.

It's a matter of time before you know you will quit trading all together, right? This would result in a failure. So do this long enough and I can guarantee you that you know almost all Traders will give up. Okay, so what's the solution? Well, the solution is very simple is that instead of treating this as failure, you want to look at it as feedback. Now, there is nothing personal about feedback.

The market is not trying to attack you, but rather feedback. If you think about this is just a sign, right that whatever you're doing isn't working. So stop doing it. Whatever it is I'm doing it you don't like.

Stop doing it okay and make the necessary change, make the necessary tweaks, and give it another go. If you do this process enough time, there's no reason why you can't find success in the markets unless you give up first. Okay, so take Thomas Edison For example, he's the guy who invented the light bulb and the first thousand attempts he didn't feel he just gotten feedback feedback to know that the particular material that he's trying to use to make the light bulb isn't suitable. and eventually he took in those feedback, make the necessary tricks and changes, and he found success.

He found success using the carbonized bamboo fiber in case you're wondering. And this is the same for trading your first few years, right? You might be losing money, right? Those are not failure. Those are feedback feedback to you that whatever you're doing isn't working. So it's going to be silly right to still keep doing the same thing over and over again and expecting a different result.

So take that feedback with open arms right, make the necessary change and tweaks, and there's no reason, no reason at all why you won't be able to find success in the markets. So to sum it up right: this particular concept. you can look at this graph over here and I like to credit, right? Adam Cool for it because this is something I learned from him many years ago. So let's say you have a trading strategy.

Okay, and you've traded consistently, but still. the results. Maybe it's not up to expectations. it's negative.

Well, it's not failure. it's simply feedback. If feedback to you that whatever you're doing isn't working, maybe you need to overhaul the trading strategy. Or maybe something minor.

you can make some tweaks and changes and give it another another code, right? So you go back trading the strategy. Okay, and you get the results right. And if it's negative again again, go back to the drawing board and make the necessary tweaks and changes. And eventually, right when you do something enough times right, taking in the feedback, there's no reason why you won't be able to find success.

Do you agree? Then smash the Thumbs Up Button And subscribe to the Channel. Another thing that I've learned is to focus on the process, not the results. Because here's the thing. right.

when it comes to trading, you can lose money on a good trading decision. And likewise, you can make money on a poor trading decision. So now the question is this: how do you know whether what you have done is right or wrong right? Because the outcome On Any Given Trade is essentially random. So what should you do? Well, the answer is simple is that you want to focus on the process, not the results because you know the results can be misleading.

Okay, and here's a proven process that you can use. Right. Number one: Go and develop a trading strategy. And to do this, you need to answer a few questions like what is the condition of your trading setup, where exactly will you enter, where will you exit, how much currency, or how many stocks will you buy or sell.

So go and develop your trading strategy, Number two, you want to validate the trading strategy to know whether it works or not. You can do it through back testing or forward testing. And number three, once you have a trading strategy that works, you're validated. Then you want to execute it flawlessly, right with iron discipline.

And this in a nutshell, is the trading process right that I use to become a profitable Trader and now to make your life easier. right to actually equip you with a proven trading strategy that works very. You can kind of like you know, work with a foundation rather than starting from scratch. These are a list of books, right that contains trading strategies with back tested results.

So screenshot this, Write it down somewhere. Read these books right and I can guarantee you, right. You will have that much of a higher chance of finding success in the markets. And with this mindset, right, you know.

process over results, right? This has also spilled into other endeavors in my life. So for example, right now I am trying to lose my body fat right? Drop it to 10 and get a six packs again. I'm not focusing on the results. You know where every day I'm looking in the mirror trying to imagine that one pack becomes a six packs.

No. I follow a proven process and the process is again, not difficult, right? Number one: Eat one gram of protein per pound of body weight, Number two have a calorie deficit of about 500 calories a day, number three lift weights four to five times a week, and number four sleep at least eight hours a day. So this is the process that I've laid out for myself. and I know that if I follow this process for three to four months, right? there's no reason, right why the six packs doesn't appear.

Unless All right? I give up too soon. Unless All right? The failure, right? You know, Make me quit, right? This endeavor. Can you see where I'm coming from now? And lastly, take positive expectancy bets, right? So trading has taught me how to take positive expectancy bets. What is positive expectancy? Basically, it's something that you do repeatedly over time that yields a positive result.

So for example, you roll a dice every time he comes up. one two three. You make two dollars, Four Five six. You lose one dollar.

That's a positive expectancy bad. So backstory right in 2020, right? I Lost a hundred thousand dollars on crude oil. The story behind it is that you know that was during covet and oil was trading near the lows of about twenty dollars. So the reason why oil was at such a low price is because of supply and demand shock.

There was a lack of demand because of Covet. Not many people are traveling, so demand for oil is actually very low at the same time. There was a supply shop because there's a lot of a supply of crude oil at the point in time in the market. So when you have huge supply and very little demand, what's going to happen? The price.

Will you know? Economics 101 Enterprise will drop So at around 20, right? I Went along crude oil because my top process is that within the next three to five years, the month for oil will return, right? Planes need to use oil. Car needs to use oil, right? A travel will resume itself again. So Euler eventually I Don't see how it can remain low forever. So I went along at around 20 and within a couple of days, right.

If you're unaware, the price of oil right when negative, especially for the one the contract that was trading the western Texas oil. So that to me right was a loss of big loss to be a hundred thousand dollars lost and that's what happened. And looking back right now I asked myself would I still pick that bad? Would I still take that investment and the answer is yes I would still do it. and why is that is because of the positive expectancy.

So now the question is, how do you know if you know whatever you want to undertake has a positive expectancy? So here's a few questions, right? I asked myself. first one right. What are the odds that you are wrong? So whenever you put on your next trade, your next bed, your next investment, your next venture, or whatever you want to know what is the odds that you'll be wrong? So at this point in time, right for me. I Give myself the odds of being wrong at about 20 to 30.

So let's put it 30 right. to be more conservative I Knew that this particular investment in oil art I could be wrong. It's a 30 chance I'll be wrong. How much will I lose if I'm wrong.

So at this point in time, right? I put in a hundred thousand dollars and that was the max amount I'm willing to lose how much will I make when I was right. So at that point in time, right, oil was trading around 20 and I was looking at the chance and I figured that oh, there's a good chance it could rebound back to 70 dollars pretty easily. So from 20 to 70 dollars, right? I would say that I could potentially make about 250 000 or more on that particular trade. Okay, and can you accept the odds? can I accept this number? So if you think about this right, there is a 70 chance I could make 250 000 or more on this particular oil trade.

Can I accept that? author I can right? Because another important thing to also bear in mind is that can I accept being wrong? Can I accept losing this hundred thousand dollars? Yes I can. So when I look at all these questions and I can accept the odds right? I took the investment and as you know, all right, oil went negative I lost a hundred thousand dollars. But looking back right now, if something similar to happen again in future, right? I believe this would be a positive expectancy bet that I want to take. Okay, of course, the biggest lesson that I learned from this Saga is that now don't put all your money into one particular oil contract.

So for example, I put all hundred thousand dollars in the western Texas oil. Looking back right now right? I should have split it across different instruments like the brand crude oil or ETFs Etc and spread my risk across the different instruments right, but still maintain that bullish bias on oil. Okay, so anyway, the key here is to understand how to take positive expectancy bets right, because it not only applies to trading, but in life in business as well. Thank you Now let's do a quick recap, shall we? First thing, trading gives me passive income through YouTube As you've seen right now my YouTube videos, they provides me a source of Revenue even till today, even though the videos might have been done a few years ago.

Next, trading gives me massive confidence because I know that this is a skill right that I've developed right and I've beaten right 95 9 of Traders out there who have failed in this endeavor. This kind of like spills into my everyday life as well. And third thing is that there's no such thing as failure, only feedback. So whatever you're doing right now, if it's not working, guess what? It is not failure.

It's only a sign that whatever you're doing isn't working. So go back to the drawing board, make the necessary tweaks out, and go out there right, and give it another shot. Because if you do this process enough time, right, enough iteration, right? there's no way why you can't find success in the market. So remember, there's no such thing as failure, only feedback.

Four, the process is more important than the results. Don't think about the the end ideal outcome. Yes, those are. but if you just focus on only the outcome of individual one trades right, it might you know cause you to be an emotional rollercoaster.

Ups and downs, right? Because you know each trade, the outcome is random, so focus on the process instead because that is what you can control. So focus on the process and the outcome will take care of itself and finally take positive expectancy bets. Whether is it in life and business right, even your trading right, you know, take positive expectancy bad. State trades right that are in the long run has a positive expected value.

and if you want to learn such trading strategy or systems that actually has an age in the market that has a positive expectancy that you can join me in my free upcoming webinar. I'll put the link somewhere below this video. All right called stock Trading Secrets where you learn a simple trading system that has generated 3225 over the last 22 years. So the webinar is free to join.

I'll put the link somewhere below this video and I will talk to you soon.