Speaker A
All right, my G's. Let's get into day number two, path to profitability. This, we are going to be talking about the mindset and the psychology that you guys have to have in order to make money with trading. I know a lot of people are
Explore the essential mindset and psychology needed for profitable trading beyond just strategies.
Ask about this video. Answers come from its transcript only — with the timestamp, so you can check them.
Generated from the transcript and can be wrong — check the timestamp.
Key Takeaways
- Mindset and psychology are foundational to successful trading.
- Trading is a skill that requires practice and understanding, not just strategy memorization.
- Focusing solely on making money can lead to detrimental trading behaviors.
- Understanding the reasons behind trading actions improves decision-making.
- Risk management and high-probability setups lead to more consistent profitability.
What the video covers
- The video emphasizes the importance of trading psychology and mindset over just learning strategies.
- Many traders focus solely on making money, which can lead to poor decision-making and losses.
- Understanding why certain strategies work, such as liquidity sweeps and price action, is crucial.
- Trading is compared to skill-based activities like basketball, where practice and skill development matter more than immediate profits.
- The creator stresses the need to predict price movements with high probability rather than chasing quick money.
- Risk management and taking trades based on price action and candlestick charts are highlighted.
- The video discourages blindly following patterns without understanding their purpose.
- It encourages rewiring thinking to focus on skill-building and patience in trading.
- The mindset shift helped the creator transition from unprofitable to profitable trading.
- Trading is presented as a long-term skill development process requiring discipline and understanding.
Chapters
- 00:00Introduction to Trading Mindset and Psychology
- 01:31Critique of Common Strategies like Support and Resistance
- 03:52Basketball Analogy: Skill Development vs. Money Focus
- 05:01What is Trading? Understanding the True Objective
- 06:10Importance of Price Action and Candlestick Charts
- 07:39Mindset Shift: Focus on Skill, Not Immediate Profits
- 09:03Risk Management and Taking Safer Trades
- 10:58Long-Term Skill Building and Patience in Trading
Full Transcript — Download SRT & Markdown
Speaker A
probably going to skip this video and say, "This isn't beneficial. I just want to learn the strategy to make me money.
Speaker A
probably going to skip this video and say, "This isn't beneficial. I just want to learn the strategy to make me money.
Speaker A
are thinking about trading so that you guys can have the right headsp space when you're going about taking action in trading. This is mainly focused on trading psychology. Um, this was a huge mindset shift that literally helped me
Speaker A
TJR, show me the strategy to help me make money in trading in 2026." Well, unfortunately, strategy is only one step of the puzzle. Um, so I'm going to pretty much just do an overview and hopefully rewire how you guys think or
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confluences when I'm explaining and teaching them to you guys, uh when I'm explaining the strategy, everything for me needs to make sense. Why are we using this thing? What does this thing mean?
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are thinking about trading so that you guys can have the right headspace when you're going about taking action in trading. This is mainly focused on trading psychology. Um, this was a huge mindset shift that literally helped me
Speaker A
these other strategies that are online like a support and resistance. I didn't I like for support and resistance, you know, it's just like, oh, we break through a ceiling and then we retest the floor, the ceiling turns into a floor.
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turn from being an unprofitable trader into a profitable trader. So hopefully this can help you guys out as well. So, what I like to do with pretty much all of my concepts, you'll see me do this with uh every single one of the
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Um, you guys will actually be able to understand like, hey, when we take out a sweep of liquidity. And I know that for some of you guys, if you guys are brand new to trading, this may sound daunting.
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confluences when I'm explaining and teaching them to you guys, uh when I'm explaining the strategy, everything for me needs to make sense. Why are we using this thing? What does this thing mean?
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What does the potential to fill orders give us the possibility to do? It gives us the possibility to reverse the trend.
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Why are we executing an order here? Right? Uh why are we using certain confluences? It's because orders aren't getting filled or it's showing a continuation in a trend. I need to know the reasoning why. Okay. And that's where I struggled a lot with some of
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to just oh like this is just some random chart pattern and you have to blindly press buy and just like hope that it works out. For me, I like to actually understand why we're doing things and that's what I want to talk about in
Speaker A
these other strategies that are online like support and resistance. I didn't, I like for support and resistance, you know, it's just like, oh, we break through a ceiling and then we retest the floor, the ceiling turns into a floor.
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this series is you guys were thinking I want to make money in 2026. I want to have a better life. I want to be a millionaire. I want to live life on my own terms. I want to be free. And all of
Speaker A
You don't really know what's going on in the market versus the way that I trade and the way that I'm going to teach you throughout this entire month.
Speaker A
Um but it's it's it's the wrong way to think when we're when we're getting into trading. Okay, so all of you guys are getting into trading to make money.
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Um, you guys will actually be able to understand like, hey, when we take out a sweep of liquidity. And I know that for some of you guys, if you guys are brand new to trading, this may sound daunting.
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That's not the objective with trading. And a good analogy that I like to give is, and you guys will hear me give a bunch of these basketball analogies. I played basketball all throughout high school. um one of my favorite sports and
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This may sound intimidating, but don't worry, you guys will be able to understand this. Um, like if we take out a draw on liquidity, that means, hey, we have the potential to fill orders.
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Was he thinking when he was getting into basketball, I want to make money or was he just playing the sport and was he just trying to get better at the skill?
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What does the potential to fill orders give us the possibility to do? It gives us the possibility to reverse the trend.
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the end of the road for me. But what does he have to do first? He has to get good at the skill. He's not thinking when he's on the basketball court in high school, he's not thinking, oh, this
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If we're going to reverse the trend, then I'm going to start looking for more confluences to show confirmation that the trend is reversing and then I'm going to look to enter. See how, see how much more of a sense that makes compared
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best of my abilities. And then when he's practicing, is he actively thinking, oh yeah, if I put up a hundred shots during practice, that's going to make me a hundred bucks. Or is he thinking, "No, by me putting up a 100 shots during this
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to just, oh, like this is just some random chart pattern and you have to blindly press buy and just like hope that it works out. For me, I like to actually understand why we're doing things and that's what I want to talk about in
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You can potentially make money and a lot of money from it. So, how does this correlate to trading?
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today's video. This is strictly going to be talking about what is trading. What, like genuinely, what are we doing when we are trading? So the mindset that most of you guys have when you guys got onto the first video and started watching through
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Why did I get into trading in the first place? It was to make money. Everybody wants to make money. And unfortunately, trading is very strongly and very closely correlated to making money. The biggest issue with this is that that
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this series is you guys were thinking I want to make money in 2026. I want to have a better life. I want to be a millionaire. I want to live life on my own terms. I want to be free. And all of
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plethora of actions that are going to be detrimental to my account balance, to the funded account that I'm trading on to cause me to potentially lose money.
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those things are great. You know, it's good, good to be thinking that way.
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make money, right? How do I make money? I'm going to leverage my entire account.
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Um, but it's, it's, it's the wrong way to think when we're, when we're getting into trading. Okay, so all of you guys are getting into trading to make money.
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into trading with a strategy. We need to be taking trades based off of price action, based on the candlestick charts.
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Okay, so you're saying, why are we trading? To make money. Most people think that's the objective with trading.
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take multiple trades that we shouldn't be taking. It's going to cause us to risk more than we should be risking. And in turn, it's going to lead us to a reward or consequence that we do not desire, which is actually losing money
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That's not the objective with trading. And a good analogy that I like to give is, and you guys will hear me give a bunch of these basketball analogies. I played basketball all throughout high school. Um, one of my favorite sports and
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What is day trading? Day trading is having the ability to predict where price on any sort of asset class is going to go with a high probability on a daily basis.
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it, it's very comparable to trading because trading is a skill set. Basketball is a skill set. It's very easy to correlate the two. But anyways, let's think about LeBron James, okay?
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money today? No, because that's going to lead us to take poor action. However, if we get onto the charts and we think, how can I predict where price is going to go with a high probability today? That's going to cause us to take much safer,
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Was he thinking when he was getting into basketball, I want to make money or was he just playing the sport and was he just trying to get better at the skill?
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to teach you throughout this entire YouTube series of how we can use different confluences, build a strategy that gives us high probability of predicting where price wants to go and then to be able to do it on a daily
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He was trying, trying to get better at the skill. Maybe, you know, he was thinking in the back of his head, hey, if I get good enough at this skill set, there's going to be money at the, at the
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probability on a daily basis. Okay? And that's all trading is. We have to get really freaking good at predicting where price wants to go. We we aren't trying to get good. That that's the thing with everything, every successful person,
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end of the road for me. But what does he have to do first? He has to get good at the skill. He's not thinking when he's on the basketball court in high school, he's not thinking, oh, this
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Like, think about it. The best best basketball players in the world, they're really good at making money. But why are they good at making money? because they're the best at their skill. The best day traders in the world, they're
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bucket is going to make me 10 bucks down the line, or, oh, this assist or this pass that is good is going to make me $15. He's not thinking like that. He's just thinking, I want to play to the
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a bad example. Um, but you think about any other skill set, somebody who's the best at something in the entire world. I mean, depending on what category that skill set is in, they're going to be able to maximize it and they're going to
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best of my abilities. And then when he's practicing, is he actively thinking, oh yeah, if I put up a hundred shots during practice, that's going to make me a hundred bucks. Or is he thinking, "No, by me putting up a 100 shots during this
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Not through basketball. They're not. Okay. So, that's how we need to be thinking about trading. when we're thinking about trading, we're we we I need you guys like write this down in your notebook, whatever it is, you guys
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practice, it's going to make me better at playing basketball, and it's going to increase my skill set at the skill of being a good basketball player." And then in turn, what's the side effect of being a really good basketball player?
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So, when you guys are going through this YouTube series, you guys need to remove the thought process of okay, by me learning this confluence, is this going to help me make money today? No, it's not. But what is it going to help you
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You can potentially make money and a lot of money from it. So, how does this correlate to trading?
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guys can build the skill set of being a being able being able to predict price action with a high prob jeez, being able to predict price action with a high probability on a daily basis. The awesome side effect of having that skill
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So, every single one of you guys like, why are you guys getting into trading?
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clicked on this series. You guys are trying to change your life. How what do you guys think about changing your life?
Speaker A
Why did I get into trading in the first place? It was to make money. Everybody wants to make money. And unfortunately, trading is very strongly and very closely correlated to making money. The biggest issue with this is that that
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skills. The only way to be able to get to the money is by building skills that help us get there, that help us create and generate wealth. And that's what I want to do within this YouTube series.
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causes us to take incorrect action when we get onto the charts. Because if I get on to the day trading charts and I'm thinking all I want to do today is to make money, that can lead me to take a
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will never be a profitable trader. No matter what, if you as you guys have that headsp space, if you guys keep that mindset throughout your entire trading career, you will never make money from the markets ever, ever, ever, ever,
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plethora of actions that are going to be detrimental to my account balance, to the funded account that I'm trading on to cause me to potentially lose money.
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happen. Okay? And by doing that, it's going to help you guys one, not be focused on making money so early because again, this is a skill set. This is difficult to learn. I would be lying to you if I told you guys that, yep, right
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So, if I get into the market and I'm sitting there and I'm thinking I want to make money today, um, you know, I'm going to press buy right when market opens off of some sort of fear of missing out because I want to
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up every single day. It's up to you guys to watch the videos, but then also up to you guys to take action on these videos.
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make money, right? How do I make money? I'm going to leverage my entire account.
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You guys, I'm providing you with the knowledge and the education to help you guys build the skill set in the best way possible. But it's up to you guys to take action to actually start building the skill itself. Because I can't do the
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I'm going to put my entire account on the line and I'm going to press either buy or sell. And that has the potential to make me money. But is that what we should be doing? No. We need to be going
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money within trading. The second that it's it's just okay, I don't care if I lose a trade. Why? Because first of all, you guys should be trading on a demo account. You guys are learning how to trade. You guys should be trading on an
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into trading with a strategy. We need to be taking trades based off of price action, based on the candlestick charts.
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that you lost because that's a lesson and that's room for growth. That's room for improvement. And that gets you closer towards what our actual end goal is with trading is to be very highly proficient about predicting where price
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And that's what this entire series is going to teach you guys what to do. So, in turn, when we get into the market and if we're thinking, hey, I'm only here to make money. That's going to cause us to
Speaker A
What is trading? It's predicting where price wants to go with a high probability on a daily basis or at least that is what a high-skilled trader does.
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take multiple trades that we shouldn't be taking. It's going to cause us to risk more than we should be risking. And in turn, it's going to lead us to a reward or consequence that we do not desire, which is actually losing money
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that we built out, it helps us get better at the skill set of day trading and not get better at making money. Okay? There's no such thing as as being good at making money.
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and not being able to predict where price wants to go. And that's actually what trading is about. How do we make money from trading? Well, we have to get good at the skill set of trading. So, what is trading?
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So again, we need to be thinking if we lose a trade, are we sad? Are we mad?
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What is day trading? Day trading is having the ability to predict where price on any sort of asset class is going to go with a high probability on a daily basis.
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it's going to cause us to build that skill set of trading. Okay. So, when you guys win, what are you going to do? Are you going to be happy because you made money? No. You shouldn't be you shouldn't be happy
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That is how you become a skilled day trader. And the best side effect in the entire world of gaining that skill set is making money. So when we get onto the charts, are we thinking I want to make
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focus is how can I repeat that winning trade? How can I replicate that? So, I'm going to look back in my trading journal and I'm going to say, "Okay, what are all the things that I did correctly so
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money today? No, because that's going to lead us to take poor action. However, if we get onto the charts and we think, how can I predict where price is going to go with a high probability today? That's going to cause us to take much safer,
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[ __ ] out of that trade. I'm going to look through my trading journal and I'm going to say, "How can I do this again tomorrow?" You want to analyze your wins, analyze your losses. Losses are lessons.
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much calmer action, and in turn, it's going to lead us to a desirable result, which is potentially being a profitable trader. Okay. So, how
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Okay? You look at the good thing that the good things that you guys have done within the market and then you replicate it. You do more of the good, less of the bad. That is how growth happens. That's
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how we build skills. Now, just like with any skill, after learning these confluences, are you guys going to be marking them out correctly?
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No. That's like giving me a piano and setting it in front of me. I've never played piano in my entire life and telling me, "Hey, play this Beethoven piece and putting a freaking sheet in front of me and I'm just going to be
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clanking away at the keyboard." And I'm going to absolutely suck. But then, let's say I watch a YouTube video on how to play piano. It's a beginner beginners whatever YouTube video. And I say, "Okay, now I know a couple notes." the
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next day that I go and attempt playing Beethoven's thing. I'm still going to suck and I'm not going to do it correctly, but hey, at least I know a couple notes and at least I I'm I'm I'm better than I was yesterday. And then I
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keep learning. I keep watching YouTube videos. I keep practicing. I keep practicing. I keep practicing. I keep failing. I keep failing. I do less of the fail. I do more of the good. I keep working and I keep working on my skill
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set. And then eventually I am going to be good at playing piano. It's the same thing with trading. It's the same thing with basketball, okay? LeBron James didn't wake up and just become the best basketball player overnight, okay? It
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was a lot of hours in the gym. It was a lot of like it it was just literally like putting in more work than anybody else. Just putting in putting in significant significant amounts of work.
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Obviously, he's the goat. He's got some nice genetics attached to his body. But with trading, trading, trading, oh man, trading truly is a skill-based game.
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There's no genetics involved. There's nothing involved. It truly is who can put in more work and who can put in the most amount of work to the point where it is unreasonable for them to not be a skilled trader. That's how you guys
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should be thinking about this. That's how you guys should be thinking about this series is how can I watch these videos and then how can I put in so much work to the point where if I don't become an to the point where me becoming
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a profitable trader or me staying unprofitable is very unreasonable to happen. you need to be putting in so much work to the point where you guys becoming a profitable trader should be expected. Like I know that's how it felt
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for me where it's like dude I've been I put in years of work, hours of chart time. So the time that I turn like when when I turned profitable I wasn't like jumping for joy. I wasn't excited. I was
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just thinking it's about damn time because I've been doing all of this work and I just knew that it was going to happen. Like you guys see all the freaking YouTube plaques up behind me, you know, and this is this is something
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else. Like I I think about my growth on social media and when I hit 100,000 subscribers, I wasn't excited. I was like, I I I already knew that was going to happen. When I got my million million subscriber plaque, I was like, you know,
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this is great and I really appreciate the love and the support that I get from my followers. But for me as a personal accomplishment, did did I feel anything about that? Hell no. Because I knew it was going to happen because of the
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unreason because of all the [ __ ] work that I put in. I I knew that I was going to get that plaque because I was putting in the work required to get there. And that that's exactly how you guys should
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be thinking about trading where it's like the the work that you guys are putting in on a daily basis needs to be like if if you guys are looking at your end goal of becoming a profitable trader or making money from trading. It's not a
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matter of like oh I'm I'm like so excited to become profitable. It's like uh I just I know that I'm going to be a profitable trader and it's just only due time with the amount of work that I'm
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putting in. So that's what I wanted to talk about in today's video is reshaping the way that you guys think about one making money, two going about trading because I know for a fact I mean bro I was a victim of
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it too and victim of it for a long time until I actually got through my head like hey day trading is about predicting predicting these charts not about you know trying to make $500 every single day you know not not everybody can have
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a green day every single day. there's losses that are involved with this. So the second that you just disassociate trading the direct correlation and that's the super unfortunate thing with trading. It's like hey you either made money today or you lost money today and
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there's just a direct correlation versus like any other business. You know LeBron has a bad basketball game. Does that immediately mean he's going to make he's he's he's going to make less money? No.
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He just had a bad game. He could have a hundred good games and then one bad game. Does that make him a bad basketball player? Hell no.
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And it's the same thing with trading. We can have a 100 green days and then one red day. But if we dwell on the red day and say, "I should have made money today and oh, trading is all about making
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money." Then on that red day, I [ __ ] up and I'm no longer a good trader.
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So, we need to start start disassociating trading and the skill of trading with making money itself. And it's more focused on, hey, what's my win rate? How often am I winning compared to losing? because that's showing a direct
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correlation to the skill set of trading. What what's my risk-to-reward? How much am I risking compared to what I'm winning on a on on a on a trade-to-rade basis? Okay. And then risk-to-reward and win rate combined together, that's going
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to spit out whether you're a profitable trader or not, or realistically whether you are a skilled trader or not. And that's what I'm going to I'm going to show you guys kind of how we can break down mathematically with data how we can
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look at some of these online trade journals where we can input and feed in all of our broker statistics in there and it can spit out what our win rate is, what our risk-to-reward is, how we can optimize risk management based off
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of those numbers. We're going to get super super down into like the nitty-gritty of stuff like that and like show you guys what percentage win rate you need uh and what risk-to-reward you need in order to be considered like a
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profitable trader or actually to be making money consistently from the market. We're going to get into all of that, but the first thing that we need to do is we need to separate the emotional and the mental attachment that
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we have to money. And um once we do that, that's when the game actually begins. Because instead of thinking I want to make money today, it's I want to get better at trading today. And that is our first step in the right direction to
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learning the skill set of trading. So with that being said, I love and appreciate you guys. We'll get into some actual trading stuff tomorrow. Peace.
Topics:trading psychologymindset for tradingday tradingprice actiontrading strategyrisk managementtrading skillliquidity sweepcandlestick chartsprofitable trading
