All language subtitles for 1. Are You Destined To Fail

manage and calm your biology.
Now, it usually takes around

design that to drive your
strategy edge the surfer cannot

comfortable with engaging in
uncertainty and staying calm

psychological self that gauges
that uncertainty because there

pure performance because you
realize what I've got is the

perform and just let the
numbers fall. And you know this

trader you must learn to go
with the flow of the market and

operating in the now without
maybe seeing things as worse

array of less complete
realities. So kind of what that

of greed no look at the Bitcoin
chart and you think of all the

to develop interlinking skills
that result in a mind that is

you know the psychological edge
that takes me out of

by training and working on it.
It is paramount to think the

because that is the only state
of mind that works in trading.

mind that performs and that's
what gives me the mental edge

should take or moving your stop
loss to break even too early or

that engages that uncertainty
in the market rather than the

control you and your trading.
So, naming your fears and

neuroplasticity can shift as
you move forward particularly

five years for a trader to even
begin to realize, right? That

success. Now David Eagle who's
an American neuroscientist he

you can control but not the
outcome of individual trades

visualisations now although
they can help in the short term

million dollar question is how
do we transcend these two polls

embody being a photon trader.
The part of your mind that

their life via sex or you know
watching other people's lives

damaging your long-term profit
and loss performance on your

the market needs. It will have
to be retrained for task to

to trading. The more you try to
avoid realising a trading loss,

traders. Because the brain that
you brought to training cannot

the pain, and the resentment.
But the exact same laws applied

of the need to win and then
your job just becomes one of

good news is is that the brain
is highly highly adaptive. The

performance I can control the
performance I can control the

even removing a stop loss
entirely, then the more you are

are lots of trading systems
that can give you an edge but

you must strive to achieve
objectivity. In other words,

will collapse under stress but
you can change the

but in doing so, they just get
stuck in a constant revolution,

your higher objective mind and
seeing the whole picture for

markets because evolution is
going to say fight or flight

calls this adaptiveness of our
brain live wiring so literally

your growth as a trader and
your biology is going to fight

you're building it into the
mind that engages uncertainty.

what it is it allows you to
pull out of artificial

elated. I'm depressed. I'm
elated. I'm depressed. I'm

market from within rather than
master it from above engaging

pains. They try to stick only
to the one side. You know,

creating the courage to push
through them is essential to

control the wave right he works
in cooperation with it and he

give you the success that you
seek. You are literally asking

just takes whatever the wave is
willing to give to him now as a

the light and become a master
trader. That is my mission to

and acting on what you lies
through that limited awareness

it is your mental edge that
drives it all so learn to

And then what you'll realise is
that training has always been

not be attached to your biases
and you're going to learn how

bring the psychological edge
that was always there but

recognizing that they can teach
you a lot about yourself is

under pressure because you will
become the designer of the mind

and patient so that it operates
from disciplined impartiality

mind, you know, it's a skill
that can be taught and learned

nature has given you is not
what the artificial world of

people who had bought Bitcoin
at the top and they were still

animal brain and this is the
difference maker you move from

neuroplasticity of the brain
you can teach it to deal with

getting drunk every weekend you
know chasing highs escaping

An attachment to one side of
the pendulum. You're trying to

so the major key here is to see
things objectively as they are

the deception of controlling
outcome to controlling the mind

help you reach and maintain
that level and that's the

feeling this vibe. Evolution is
towards the light. That is when

hold, there's an opposing
reality that is just as valid

and it's not going to happen by
osmosis. It's going to happen

and they can be a useful tool
for trading ultimately they

journey that we're going to go
on throughout this program.

correct way otherwise you will
be emotionally robbed of your

problem is you can't really do
it with affirmations or

evolutionary psychology. That
needing to win at all odds.

and with patience because as
you do that you suddenly let go

up right so they only read
articles and you know Twitter

constantly try to seek only
pleasures and completely avoid

this is the edge that you seek.
The key is what emotions are

long but then it starts to
trend to the downside from the

aggression or fear however by
design you can learn to

change our nature and how we
trade and until you develop the

than they are out of fear or
maybe better than they are out

this is a necessary part of the
evolution of a trader. So, the

going to show up as you start
to engage the unknown in the

skills and tools to approach
your fears, they're going to

It is in freeing ourselves from
the power of fear that we

acting with pure agreed, the
more that they inevitably swing

Hence the name Photon Trading.
That's what it means to be and

posts and Instagram posts that
support their view so the

about the mind. About the
emotions. About the

overrun by fear and greed,
pleasure or pain, they evolve

fundamental to your growth.
Acknowledging your fears and

know for certain if your demand
zone is going to hold for

sooner that you realize it, the
better. The trader state of

back into the hangover, into
the come down, the depression,

approach with curiosity with
discipline with impartiality

if you know how to teach it and
this is kind of what the big

certainty or fear and that
allows you to act methodically

keep our decision making as
objective as possible how do we

that you bring to the
management of uncertainty this

means, right? In training, if
you're feeling certain or sort

the brain is wiring as you go
along you know it can shift the

you every step of the way. So,
you will be learning how to

That gives me this enormous
gift of when my job is to

so that we can view the market
from a neutral perspective and

happiness, that only consist of
winning trades with no losses

historical self rather than
your ancient lower minded

work in a probabilistic and
uncertain environment. But the

brain can literally change from
survival success to probability

and accept uncertainty and you
will learn how to perform well

this, like a triangle, right?
It's because it's a pendulum.

that support their view that
Bitcoin is going to keep going

to war the light toward the
soul. They are objective and

is assuming that your strategy
and your rules have a proven

seeks actuality is your higher
objective mind and as a trader,

the brain to do something that
is its worst nightmare. What

step ourselves from losing
masses and become master

example. We don't know because
for every reality that you

auto highs those people are
biased to only look for reasons

profitable edge in them. And
what you're learning to do is

of overconfident, that's likely
going to cost you money.

you must seek to see the entire
picture including the entire

celebrities but the more that
they try to chase that high you

it's just an indication that
you're trying to fight the

seek the truth. They seek
actuality. I want each and

avoid facing and dealing with
their fears and pains by either

Certainty in training is the
attachment to a single reality.

they want to vibrate on a high
level. We know I'm really

whether that be by not
executing a trade that you

trading account. Master
traders, however, they're not

Optimism and pessimism,
pleasure and pain, greed and

and that's what people mean if
you ever hear them say that

psyche and that goes for every
single polarizing emotion.

every one of you to enter that
10 percent of traders to see

bipolar right swinging from
each pole the masses want to

oscillations. So, the reason
I've drawn the diagram like

know chase the fantasy life of
only happiness only pleasures

time and suddenly they start to
realize that you know what?

were living in a a fantasy
land. So elation and

in the lower mind, the animal
mind, it oscillates back and

masters play. The losing, you
know, seventy, 80, 90% of

the laws of polarity, rhythm,
and vibration. As you move up

is the degree to which will
snap back and swing to the left

before when they were
infatuated with them when they

is up at the top and lower
vibration is down at the bottom

they slowly start to become
aware of the perceived negative

forth. So down here, your lower
mind oscillates according to

online and living vicariously
through them and following

and you start using your higher
mind, your prefrontal cortex,

vibrating at a higher
frequency. So, high vibration

the vibration becomes faster
and faster. You are literally

into the perceived negatives
and this is how people become

the right, to chase all of the
positives without the negatives

you know, back and forth. The
more that you try to swing to

master your training is to pull
out of these emotional

oscillating between those
poles. I'm depressed. I'm

governments and the media. Now,
to master your life and to

traders, those are the masses
down here. The masses

So, think of a pendulum
swinging to and fro down here

oscillating from one polarity
to an X. Back and forth, back

chasing a fantasy of a life
that only consists of

the length of the pendulum
becomes smaller and smaller and

or even months of dating and
they think their partner is

elated. They're yo-yos back and
forth. Now, I'm sure we've all

afterwards when you realize the
perceived negative to your

come across someone who's so
emotionally charged and

and forth. They're constantly
polarized and manipulated by

fear. You know, so often people
spend their entire lives

you are feeling negatively You
know, you often see this with

volatile at that. I love them.
I hate them. You know, down

every action in the universe
there is an equal and opposite

here is where the masses are.
They live their entire lives

positive charge well Newton's
third law it tells us that for

absolutely infatuated with each
other for the first few weeks

right so down here in the
physical realm whenever you

realize that actually, they're
not that perfect after all and

situation that you were
initially blinded to and now

science we know that an ion is
a charge particle and it's

traits that that person has but
they were completely blinded to

that are starting to grind on
them and annoy them and they

depression, they will always be
balanced and conserved in your

reaction so what this means is
that the more relation that you

feel the more depression that
you will inevitably feel

Actually, their partner has
quite a few annoying traits

psychology we know that anyone
who has an emotional perception

mass you have charge you have
space and you have time now in

create a positron right from
that particle of light and then

different when you get two
photons and you smash them

just perfect but as always,
just give it a little bit of

of something we say they are
emotionally charged about it

together they split and you
create an electron and then you

they gain mass so down here in
the physical realm you have

the feeling of you know perhaps
pure relation you have a

new couples in the honeymoon
phase, right? Where they're

sway away from balance and
neutrality maybe you experience

no mass but down in the
physical realm things are a lot

the bottom think of this as
matter right so physical

physical realm so basically
everything that you can see you

objects now in physics we know
that if you are a photon that

can touch you can hear and you
can smell now up at the top of

is a particle of light you have
no time no space no charge and

the diagram I want you to think
of this as light and down at

good setups, then you will be
ready for them with less cash

your thinking brain and down at
the bottom we have the lower

make up all human psychology,
the higher and the lower minded

we have the higher mind this is
your soul your spiritual realm

you may be starting to get
familiar with that represents

where all of the variables from
your system align and then

patience is also a form of
action. If you can't wait for

the mind with those two parts
of our brains so up at the top

animal mind these are your
emotions your senses your

animal, what we're going to do
is draw a diagram that some of

maximize profits and let the
trade play out. But remember,

to trade. Your choice. So, if
we take these two parts that

learning curve. You need
patience to wait for a trade

is a virtue that is vital to
success in training. A large

patterns of avoidance and or
aggression dominate. The

thinking brain is easily
overwhelmed. You know, patience

amount of patience is required
in order to go through the

patience is needed when you're
in the position in order to

real and not theoretical. In
the heat of performance and

You know, you just follow your
plan until uncertainty becomes

get hit in the mouth. Success
in training seems so doable.

uncertainty, your training plan
disappears and instinctive

indefinitely and they
eventually blow up and quit or

mechanism. It does not perceive
risk. All it sees is threat to

all risk is a threat to our
imminent survival. To the

and on a longer term horizon
than which our emotional brain

untrained brain and mind, any
triggering of threat, you know,

technical reason it can as to
why you should avoid executing

management the essence of
successful trading is risk

life and the psychological
discomfort of risk. Now, let me

process by which we assign
levels of risk so that our odds

was actually built to manage
consistent and profitable

you can avoid the risk and pain
of uncertainty. You know, most

trading becomes possible with
good risk management. However,

biological fear and the
psychological discomfort of

management that's all we are
doing to make money it's a

psychological discomfort of
risk you know much less risk

logical and rational beings and
that view of the world

to the short term, immediate
focus of the emotional brain,

of profitability are higher
than our odds of loss over time

with their training.
Biologically, our brains are

traders misunderstand the
problem. We think that we are

regulate impulse so that we can
make the distinction between

distinguishing between real
biological fear and the

start of understanding the
problem that most people have

say that the emotional survival
brain is incapable of

risk management. You know,
Everybody has a plan until they

it automatically produces a
biological fear response from

our primitive brain. So the
brain has to be trained to

distinguishing between real
biological fear, IE a threat to

emotional beings who then
rationalize and that's the

built around fear and the
avoidance of fear as a survival

life. The emotional survival
brain is just incapable of the

dominates our perception but we
are not rational beings. We are

a trade or why you should take
your profits and run just so

psychology but that's bad news
for training probabilities.

ducks? Or maybe you see two
rabbits? Or do you see a duck

lady wearing a headscarf? What
about here? Do you see two

You are wired to see
uncertainty as a threat. Your

period of time where this thing
needs to be happening and all

they are calm and their
thinking brain is in full

between your revenue which is
you know generally generated by

survival adaptations that are
part of our shared evolutionary

uncertain, remember your animal
brain is terrified of

looking at the charts. When
you've got exposure to risk in

you know those common
behavioral problems kick in and

flight mode and your thinking
brain is literally disabled.

like fear of executing trades
or fear of taking a loss and

of reasons of why you should
avoid taking a trade or why you

the prefrontal cortex now when
you are nice and calm and relax

that needs to play out in your
favor because you have not

market that the stress has and
left your body and you are calm

once you're out of the trade
and your capital is no longer

will kick in to make you avoid
any perceived pain at all costs

your lower animal minded brain
it starts looking for all sorts

mind animal brain, it sees the
sensory information coming in

is something that you will
adapt to over time and realize

money should never come as a
surprise to a trader who is

see when you look at this
image? Do you see a young woman

brain is back in control only
then do you realize the mistake

be triggered and all of your
primitive instinctive behaviors

exposed to risk in the
uncertain environment of the

dangerous situation or not. If
it is dangerous, if it is

Why? Because none of those
three are controllable but our

Because your brain is built to
control outcome, it's built to

strategies will have losses.
Loses are the price of doing

on you and this will start to
happen when you're trading and

you shouldn't do and you know,
as most of you are probably

over again it's the same reason
that most traders take their

Your goal is simply to make
money. That's it, period. You

purchasing the products,
supplies, paying any overheads,

whether it be in sports or
taking exams in school the need

accepting this may be a bit of
a nailing concept. However, it

because you must pay for your
outgoings such as you know

have a very, very special
relationship with both losing

about to eat a rabbit's head?
These optical illusions are a

looking over her right
shoulder? Or do you see an old

great illustration of how your
brain can literally pay tricks

accepted the risk that you need
in order to capture the

your heart rate has subsided
and only now when your thinking

you know, just shy of fiveR and
you see that prices come the

know I've certainly experienced
this countless times because

sprinting at you. Your amygdala
instantly goes into fight or

and this all happens in
nanoseconds. So this is when

much guarantee that you would
have experienced this because I

you have this enormous desire
to win and that's why most

should do. Why? Because the
caveman brain takes over and it

all the incoming information it
goes straight into your

manage that loss but that's a
dead human species to be

protect what you already have
and then it's only afterwards

bouncing around the Savannah in
your jeep, you know, you might

you may as well have a
sabertooth target coming

predict what's going to happen
next in the future but then,

need to close the trade early
until your profits and run to

that you made now if you've
traded before then I can pretty

environment and when humans
didn't have all the cool tools

in the uncertainty of the
markets. You've got risk there,

outcomes you don't control
whether or not you want to lose

the markets, it's likely your
brain will start finding any

control and they continue to
make the correct long-term

going to prevail you know
against all odds that rocky

have great success demo trading
with fake money when they're

and it makes a decision, you
know, based on that past

because they're sitting there
pushing their agenda thinking

your brain literally plays
tricks on you So what do you

and it's used against us.
Suddenly, what used to be so

bringing that ancient brain to
the game and your emotional

survival instincts it takes
over your decision making in

thrival. It's the most advanced
part the brain and activates

place where you take money out
of on a fairly regular basis

literally asking this caveman
here to deal with the computer

odds I can make this thing
happen when in fact what you

uncertainty and when you're
trading with real capital at

is necessary for survival and
it's the most primitive part of

learning about whether or not
that information presents a

testosterone it really has to
help you make you think you're

brain when you're training. You
see, every human has two

the mind that you brought into
trading it's not going to be

traders will actually move
their stoppers to break even

they take a few loss is they
start to doubt and hesitate

let's flip the script and
pretend you're one of the

business in the markets and
they're always going to be

pains, it can be very costly to
your trading account balance

pleasure and avoid pain at all
costs. This part of the brain

enormous motivation to win you
know you can see the vision you

market with real capital at
risk you just have this

training but when you are
stress the amygdala, your lower

boils down to the problem of
the brain uncertainty. Why?

demo training because there's
no real capsulate risk right

quick look at what's actually
going on biologically in your

brain relatively similar to
ours now in particular the

certainty. So, it's important
to realize that all training

be right, and it's built to try
and predict the future. You

your brain short-term survival
orientation is going to

business travel or office rent
you would see it as a necessary

you don't control whether or
not you're right or wrong

lower minded animal that
constantly wants to seek

become a good ambush predator.
You don't go chasing after

Why? Because you don't allow
the trade, the room or the time

always predetermined and capped
on every trade so the loss of

know in conventional business
your profit is the difference

risk, right? In an uncertain
environment of the market, then

back to the market what you
already have that pain is too

risk managing correctly. Now,
the problem, it really all

there's no threat to life to
the low animal minded brain so

attempt it but you can't bring
that into the markets. You're

On any given day, most of your
choices as a giraffe, like what

decisions that's required for
consistently profitable

your money on the line. Scary
stuff, right? But that money to

caveman brain, your amygdala,
it's constantly just waiting to

know you wouldn't think that
your business is losing just

understand that saving and
investing money, right? To

we are that's what we bring
into the game of trading we

impact on your trading it's a
terrible a model to transfer

but a part of running that
successful business right? You

over and apply to trading the
financial markets. Remember,

successful training is far from
normal. In fact, it's the

prominent regardless of how
skilled you become but risk is

too early before their actually
strategy dictates when they

aware that over the long term,
that's a recipe for disaster.

for your edge to work in the
heat of the moment 80% blow up

if you just did not let your
primitive animal brain take

caveman brain, all it does is
see all uncertainty as a direct

and get rid of that pain by
trying to be right and make

that when you get in there and
you start trading live in the

market. Successful training is
a game of probability not

bring an old ancient mind
rooted in survival instincts

the mind that produces success
in trading you know

know I'm going to be losing a
lot so I need to be able to

completely different things.
You don't have to think I have

lot of people they find that
they have great success with

thinking brain right into the
higher cortex and that's why a

hard-earned trait that allowed
us survive in that short-term

that makes up your daily life
has been created in a very

on probability, not certainty.
In fact, what happens is you

and execution. So this part of
the brain is necessary for

survival, we bring it into the
long-term survival of trading

used against us in trading.
Because in trading and in the

completely different. The
environment of trading is based

trait, we're not going to be
the human beings that we are

that need and desire to win,
that desire to project and

responsible for self
governance, strategic thoughts

inheriting it became a part of
our geno and without that

amygdala. The second is your
higher minded animal and it's

the brain and it activates the
emotion center which is your

distinct parts to their
psychology. The first is your

so good and helpful for us. A
00, 000 years ago getting lunch

small window of time. A lot can
happen in 100 years. But from

to deal with the probability
and uncertainty of trading

calm but when they deal with
real risk when your real

were not designed and did not
evolve to solve the problems of

that dream. You start chasing
that dream. Then, you start

know, we all want to love and
to do that and these are

brain is hot wired to think
that they are. So, let's take a

If you save money now, you'll
have enough for retirement

we find it very hard to suffer
the pain now for the delayed

capitals on the line with an
uncertain outcome suddenly the

want to conquer it but the
problem is that desire and that

purpose? Should I change jobs?
Unfortunately, human brains

actions instantly deliver clear
and immediate outcomes. Now,

office rent insurance, you know
paying the staff their wages.

component of running the
business but also a key part of

There are running costs which
you would identify as expenses

as an important tweak in your
perception of results in the

I really doing the work I was
meant to do? Is this my

not to win and avoid losing.
Your goal is not to be right.

I'm not someone who believes in
awarding everybody you know a

taught from a very young age
that only winning is rewarded

to eat or where to sleep or
when to avoid a predator, make

most of the choices that you
make today, they're not

profits way too early because
the pain of potentially giving

potential of reward that you
know that your strategy aid

hungry, you walk over a munch
from a tree. When a storm rolls

in what researchers call a
delayed return environment. So,

scientists call an immediate
return environment because your

quickly as possible, you know,
when your strategy says that

its ability to actually succeed
and become profitable. In

separates you from the humans,
perhaps the biggest difference

trading, losses should be
viewed as expenses. Now,

of a sudden your survival
instincts kick in and suddenly

wants to protect you at all
cost from the pain of

provides an immediate benefit
to your life. When you're

on the present or the very near
future. You live in what

group of humans driving around
on a safari taking pictures of

that's seven feet long and
every now and then, you spot a

sales of a product or a service
and then your costs such as

money by forcing on the market
without being patient and

because what you're engaging in
is randomness you're engaging

brain, modern society is
incredibly new. It's only

your picture is that nearly
every decision that you make

grasslands of the African
Savannah, you have a neck

and winning, with both being
right and wrong. Your goal is

death loop that many FX traders
find themselves in. You know,

every day. Speaking of work, Is
it time for a career change? Am

recently during the last 500
years or so that our society

the perspective of evolution,
however, 100 years is nothing.

shelter from a storm, many of
the problems that humans worry

a delayed return environment.
We have the thinking ability to

start noticing in trading is
that you do not control

complete opposite from most
ventures in life. You need to

and now you've got a big
challenge. You've got a short

the market and all themselves
so they revenge trade to try

and you think, wow, you know, I
really could do that. You've

reward later. The remains in
modern humans are approximately

participation medal just for
taking part in something being

the pace of change has
increased exponentially

threat. Everything uncertain
was a threat and a danger to

and that brain is activated by
stress. The traders need to

you is the risk of life to the
caveman that is your ancestor

that were good for us way back
then and then you discover that

and then take the risk or you
lose a chance of reward. Now,

our ancestors. That's the brain
that you're bringing to trading

think, this Safari's been a lot
of fun. It'd be pretty cool to

invincible so that you can
catch food otherwise you never

necessarily going to benefit
you immediately. If you do a

that is from your distant past
unfortunately your inner

great and your caveman brain
takes over and it tries to

good job at work today, you'll
get a paycheck in a few weeks.

thinking that way you know 50
to 100, 000 years ago but here

to win. What you're doing is
saying, I'm calculating and I

The modern human brain spent
hundreds of thousands of years

designed to value those
immediate returns. You know,

trading looks so simple. You
can see this probability stuff

you but it's not just your neck
and their cameras that

anything, become anything
against all odds. Suddenly it's

neocortex that is the newest
part of the brain and the

mentality had actually became a
trait that we all started

skip to avoid that potential
pain those trades end up being

successful that this need to
win this belief that I'm

compromise your need to take a
long-term perspective in order

of our problems as well. While
a giraffe is worried about the

the way that the emotional
brain learns it locks it in and

200, 000 years old and these
were the first humans to have a

then it becomes a pattern and
that became a trait that was so

across the plains, you take
shelter under the brush. When

can think and understand that
it's a logical thing to do but

their strategy or their own
ability so they skip the next

trade or two in order to avoid
that pain of potentially being

they play the break even dance
for the rest of their trading

was roughly the same size 200,
000 years ago as today. So what

this means is you are walking
around with the same hardware

careers. So what's going on
here? Why do we as humans

I'm going to win I'm going to
win I'm going to win at all

might seem a little bit weird
so bear with me but let's

and in the blink of an eye, the
entire environment changed to

no houses or guns we had these
little spears against these

position is going to get even
worse. You're hopeful that it's

as your paleolithic ancestors.
Now compared to the age of the

to win or the need to be right
that has a hugely detrimental

embrace uncertainty. You need
to learn how to accept the risk

work as a park ranger, you
know, I could see giraffes

trades, you wait for the
opportunity to come to you,

compound it for a comfortable
retirement later in life, we

potentially taking a loss. You
know, it wants to remove that

because when you're sitting in
this trade, you're seeing that

later. Many aspects of modern
society are designed to delay

seen the rise of the car, the
airplane, the television, the

you spot a lion stalking you
and your friends, you run away.

about are problems of the
future. For example, while

region responsible for higher
functions like language and it

rewards until some point in the
future, right? And this is true

immediate problems like
avoiding lions and seeking

calculator and you look at it
and you go, my god, I can make

an immediate impact on your
life. You are constantly focus

those critical moments and
that's why right when people

the winning trades in their
edge now they're pissed off at

us from a time that doesn't
even exist anymore you are

has shifted to a predominantly
delayed return environment and

wrong again or losing money but
then those trades that they

humans vacationing on Safari.
Unlike the giraffe, humans live

free. You know, you get
intoxicated. You start dreaming

by the same subconscious human
desire to simply avoid pain at

pretend for a moment that you
are a giraffe. You live on the

waiting for high probability
setups so what inevitable

behaviors are all ultimately
caused by what? They're caused

between you and your giraffe
friends and the humans taking

constantly try to avoid pain?
Well, to understand that, this

over the long term and here's
one such example of a typical

happens. They take my losses
and the cycle repeats itself

just wants you to win and to
survive at all costs now whilst

game is very different you know
we carry a lot of baggage with

protect you to protect what you
have in your tight grasp it

away from you. And if you are
losing 1000 pounds, you're most

looks so easy no longer becomes
easy and we take that

a loss now. So, you just
want to remove that risk as

risk that you have off the
table as quickly as possible

land on top and win and that
was Olympic learning and that's

helpful in modern business and
corporate careers, you know,

holds and you know you
potentially could have banked

when we get into trading and
everything goes bananas, what

way back and you think, well,
you know, I don't want to take

today and you know what? To be
fair, it's actually really

you're running a nice profit.
Let's say you're running about,

environment that we grew up in
through revolution, they're

good, so adaptive for us, that
belief that we could conquer

huge awesome predators we had
to believe that we're going to

literally to just sit there and
to fight digital candlesticks

odds we were going to survive
because we're in a very hostile

could literally kill you. We
needed believe that against all

all day long. Those survival
instincts that they used to be

caveman is doing the trading
when you are stressed primitive

a lot of money. I can get rich
quick. I can be financially

done the numbers, you played
around on the compound interest

motivation to win at all costs
it comes from the very mind

delayed returns but this is a
problem because your brain was

evolving for one type of
environment, immediate returns

that that 1000 pounds is
going to be snatched and taken

longer hoping that that 1, 000
pounds is going to turn into

on and on with the rest of
these common examples but these

all costs. The real problem is
that avoiding those perceived

personal computer, and the
internet. Nearly everything

going to turn around. And if
you want to have a fighting

if this position turn around?
You're not fearful that that

want to jinx it. People are
fearful when they should be

compared to prehistoric times.
In the last 100 years, we've

then you need to turn this
around. You know, I could carry

chance of making money in the
markets. Making the markets a

Because the person who has lost
1, 000 is far more likely to

position that is making you
that 1000 pounds. You are no

likely going to sit there
thinking wouldn't it be great

do I mean by that? Well again,
imagine you are sat in a

could disappear. Now, let me
ask you a different question.

hopeful. And people are hopeful
they should be fearful. So what

old and its primary function is
to keep you alive at all costs

2000 pounds or 3thousand
pounds. Nope. You are fearful

that? Well, because I want to
take it easy now. Nope, you

that the market is going to
take back some of your profits.

pain, your lower animal-minded
brain. So, it doesn't matter

pounds for the day and god
forbid that those 500 pounds

losing 1000 for the day. Which
one of in that situation is

I am winning so I'm reducing my
position size. Why would you do

hey, you can't go broke by
taking a profit but this is

most likely to carry on
trading. The person who has

preservation. Now, your state
of mind where everything is

pain. It wants to make sure
that you maintain your ego

extremely insightful findings
in the data. Now, remember that

Imagine that you made 1000
pounds on the day versus you

not bad whatsoever. So, what's
going on here? Well, the

do anything to protect that and
hold onto that. Because that

that is an extremely
significant sample size that is

losses run why am I doing that
what am I telling myself well

nice and rosy and good so
you'll do anything to avoid

carry on trading because God
forbid he carries that pain

and I would love to make sure
that you never experience any

just a section of my trades or
your trades you could say oh

they gained on their winning
trades. Now, you know, this was

turn around in my favor but the
real reason is I would like to

I'm telling myself of that I
hope this market is going to

still you avoiding pain. Why?
Well because you hate the idea

actually 62% of the trades were
winners. There were a

feels so good to have made one
thousand pounds. So I don't

made 1000 pounds or the person
who has lost 1000 pounds.

significantly more amount of
winning trades than losing

problem is is that when they
won, on average, they gained

avoid pain. We have a brain
that is at least 200, 000 years

what scenario I throw at you.
I'm taking my profits because

of that pain. But when he's
made one thousand pounds he'll

well maybe it was just a bad
week or a bad month but when

trades, what percentage of
those trades do you think were

million trades over a 15 month
period and he found some

trades. Yep, the FXCM traders
were good traders it would

you can see their behaviour
that is not simply bad luck

seem. They had a good strike
rate of 62 percent and that is

want to avoid pain. You can't
bear the fact that you made 500

winning trades? Well, it may
surprise you to see that

with him on into the night and
he will do anything to get rid

on that is resulting in those
statistics I'm letting my

you look at 25, 000 people
across 43 million trades and

worthy of investigation so what
is the normal behaviour going

forty-eight pips but when they
lost, they lost 82 pips.

over 70% of FXCM's clients lose
money. Out of those 43 million

Traders lost over 70% more pips
on their losing trades than

that, first we must understand,
what does normal trading look

he looked at 25, 000 traders
who executed a total of 43

make money and I'm about to
prove that to you in a second.

society who hold down jobs just
as well as everyone else does

Because if 70 to 80% of people
are losing money, then I think

trade as trading should be
done. You know, normal does not

to me but the sooner that I
accept that the nature of

like? How does a normal person
think? Well, in two thousand

children, you know etcetera
etcetera but they can't trade

of their winning and losing
stats on their websites but it

nature of trading. You see if
there are 100 people and 75 of

problem and the sooner that you
accept it's a human problem the

and fifteen, a quantitative
called David Rodriguez. He

trading is basically random
then the sooner I can into

them are losing as it shows on
the broker websites then this

differently? Well, to
understand and deconstruct

well in this business long
term. You need to have a very

for **** Why? Why is that?
Because they simply think like

special relationship with both
losing and with winning.

normal, perfectly rational,
well-functioning people within

everyone else does. They
haven't learnt how to deal with

people think well you know this
stat doesn't apply to me

hasn't why because people know
it people are aware of it but

analyzed trading data from the
popular retail broker FXCM and

industry when all of the
brokers had to put you know all

are intelligent whilst pay
their taxes, look after their

fear. So what are the winning
20 percent of traders doing

it was probably going to be the
end of the retail effects

a favour in a sense because
they have highlighted the true

anymore than the warnings on
the cigarette packages applied

it's pretty safe to assume that
70 to 80percent of people are

You cannot have a standard
attitude about money and do

sooner you can do something
about it you know I did think

is no longer a technical
analysis issue. This is a huge

completely normal by the way
but of course our goal is to

losing money now little bit
like the cigarette companies

didn't stop people from smoking
and it certainly hasn't stopped

find that there is a bit of a
gap from your life performance

actually required by law to
show up on top of the front of

skyrocketed in the last few
years Esma has actually done us

brokers operating in the
European Union they are

showing photos of people on you
know their hospital beds with

the homepage and their websites
how many of their clients are

try and minimize that
discrepancy as much as possible

but what's actually going on
here what is causing that

being forced to put warnings on
the cigarette packages and

high as you'd found from when
you tested your trading plan

since the establishment of the
rules by Esmo in 2018 all

were to trade it perfectly and
if this happens this is

the interest for retail trading
in fact demand has actually

all types of cancers and
horrible diseases yet that

you a proven edge in the market
now once you start trading it

live market with real capital
on the line what you might find

performance discrepancy and how
can we close that gap well

is that your actual performance
and results are not quite as

compared to what the actual
strategy is providing if you

and you saw the potential that
your strategy holds now you may

potentially even on demo but
especially when you're in the

technical skill set with this
strategy and then once you have

building case studies through
back testing forward testing

created your trade plan you
will prove the profitable edge

that your strategy holds and
you will prove this through

that you are in command of a
profitable strategy that gives

will then spend time performing
exercises to develop your

through trading on a demo
account and before finally

out, successful training is
actually the complete opposite.

learn the photon strategy and
our approach to the market you

be on developing and mastering
your strategy. So that's why

trading it in the live market
so that you know 100%

certainty, you know with every
bone and fiber in your body

It's 90% strategy and 10%
psychology. Your focus should

you will watch the technical
analysis module and you will

the all of the teachings in
this course is designed so that

lose money over the long term.
Therefore, I think as you start

command of a profitable
strategy, you're still going to

plan is **** and it's not
profitable, it doesn't matter

strategy does not have a proven
profitable edge, your training

That's great. You know, it
really is but if your training

psychology in the world. You
are fortunate enough to be born

suited to the uncertain world
trading. Well, good for you.

how good your psychology might
be because if you are not in

second that you have the most
amazing bulletproof trading

with a brain and a mindset that
was perfectly designed and

you know, some similar version
of that but I actually have a

bit of a different view on this
because let's imagine for a

world of trading, then you've
probably heard people say that

successful trading is only 10%
strategy and 90% psychology or

Are you destined to fail at
trading? Unless you've been

living under a rock or you're
completely brand new to the

greatest opportunity.