Hey everyone Alright, so this week we're gonna be celebrating Halloween And that means there's not a better time than now to talk about fear. Well, this is a scary time of year. some spooky things are happening. I Always get a little nervous the day before Halloween You never know what's in store for you.

Well, how is that different from every night we go to bed knowing we're gonna have to trade the markets the next day. Fear and greed. Those two emotions they drive the markets and they especially drive our actions and our decisions as traders. So one of the things every trader needs to be able to do is face their fear, learn how to handle fear, and not allow it to make decisions on your behalf.

So you may feel scared, say of losing an unrealized profit and you decide to sell a trade too soon. That fear got you out of position way too soon. and you got a tiny profit. On the other hand, you feel scared a locking up a big loss.

So instead of just hitting the sell button and realizing the loss, you hold it longer and longer and longer. Fear kept you in that position. Fear gave you small winners and big losers. How many traders have felt that way before? Well, that pattern that habit is trading with.

fear. Its trading emotionally. You can't do that. So one of the things I want to do for all of our students is teach them how to condition themselves to not act out of emotion, to not trade with fear, to trade with confidence.

I Think one Of the best ways to do that is to bring a special guest into our classes. Now this has never been done before, but what we're gonna do is we're gonna bring a lion into class because I want each student to look into the eyes of a lion, to see fear, to feel fear, to face it, and to get past it. Now this is a little unusual because our lion has a handler. As you can imagine, any time you bring a wild animal you know into an environment like this and needs a handler, well, the Lions handler is actually an Elvis impersonator.

This is unusual, but you know, being in a rural area, we don't have a lot of choices when it comes to booking the lion. So today we're gonna meet with a lion and we're also going to meet with the Lions Handler the Elvis impersonator. Okay guys, so I'm gonna give you a sneak preview of what we're gonna see in our next class. so let's get started.

All right folks know this is the first shot here. You're gonna see if our lion. This is the first time we brought the line into class and of course one of the things we always think about is safety. Is this even a safe thing to do? And I think that you'll all agree that it is maybe one of the safest things we could have possibly done.

So you can see the lion here in her natural habitat just walking around. Pretty calm for the most part. Now there's nothing that she likes more than the goldfish. The handler told me I could feed her goldfish and that would prevent her from viciously attacking.

So that's what I'm gonna do now. Unfortunately, the handler showed up and he was actually a little bit of knee breeded so you're not gonna see him quite Yeah, we're gonna see if we can silver him up a little bit and then maybe it'll come out and say hello. When our Lions Handler showed up, he was showing signs of being clearly inebriated and this made us all concern because it posed a safety hazard. My thought was that we should try to help him sober up and that maybe a snack would do the trick.

Unfortunately, he wasn't able to get the snacks into his mouth and the process of giving him snacks just seemed to make matters worse. As a result, the line is going to stay in her den and Elvis is going to continue to try to sober up on his own now. Halloween is a time for scary things and one of the things we all love to do is carve the scariest thing we could possibly imagine into the face of a pumpkin. I Couldn't think of anything scarier as a traitor than a false breakout and that's why I'm going to carve a bull fly breakout that fails into this pumpkin.

now. A bull flag consists of a few strong candles going up, a couple candles, a pullback, and then ideally the first candle to make a new high takes us right back. too high a day. Now on this pumpkin, every traders nightmare is gonna come true.

The candle is gonna make a high and then immediately reverse. This is where beginner traders often get trapped. Instead of cutting their losses quickly, the fear sets in and they hold as the loss gets bigger and bigger and bigger. Season traders are smart.

They know it's a breakout or bailout mentality. If this doesn't work, you get out of the way. you don't keep holding. When a flag break fails, the most important thing to remember is to only trade a quality setups because even the best setups like this bull flag sometimes give you a false break.

Alright folks, it's almost game time. It's Halloween night and trick-or-treaters will be coming around at any moment now. I'm gonna do things a little differently this year instead of giving those Halloween treat size candies I'm giving full-size candy bars. But here's the trick.

It's only for the kids that can correctly identify a pattern right there. Trick-or-treat kids. For the children who identified this as a bull flag, they'll walk away with a full-sized candy bar. Children can't.

They're gonna be banished from this land for as long as I live here. Let's see how those kids fare today. Well, I think we've all learned a lot this evening. Well, learning, the kids don't understand what both flags are and maybe we should forgive them for that.

We learned that Elvis still has a bit of a substance abuse problem and lions can pose a threat even to training course students. But one of the biggest takeaways should be the fact that fear, although it's certainly present on a night like tonight, is not something that we can allow to overtake our rational and logical mind when we're training. So trade safe and be smart. Remember, trade the best and leave the rest.

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