What an awesome conversation we had tonight on trading psychology. So many great nuggets of wisdom. Help your fellow trash panda's out and let us know what your biggest takeaway of the night was in the comments!

As part of my prior job, I was fortunate enough to attend Yamaha Champions Riding School (eight times!), where I learned some valuable lessons. One of my biggest takeaways was the top reasons "Why We Crash." While this was in the context of riding, I've applied these concepts to almost every aspect of my life. The more of these things you stack up together, the greater the risk of a crash. For the seasoned traders here, I'd be curious if there are any key missing items as it applies to trading. 1.) Lack of focus (In trading, particularly scalping: not being in the moment of your trade, trying to watch too many things at a time and missing optimal entry or exit) 2.) Abruptness (In trading, jumping from trade-to-trade or stock-to-stock without getting a good read and ensuring it meets the setup criteria) 3.) Repeating a mistake (Pretty self-explanatory) 4.) Rushing the entry [of a turn] (In Trading, getting in before the setup is really there; FOMO; gambling) 5.) Cold tires (In Trading, Rushing in with big positions without building a bit of a profit cushion (i.e. "warming up") for the day) 6.) Bike changes (In Trading, working off a new entry/exit strategy, stock selection criteria, etc. without giving yourself time to calibrate your reads on a new-to-you process) (reference: www.ridelikeachampion.com) I went into my day today with a plan to have a single trade. I executed that plan with a loss and walked away. Yay for me! BUT, I cooled off and came back 35 mins later to try and end the week on a green day. I wouldn't call what I did revenge trading. More trying to hone my selection and entry/exit skills. I then made 4 more trades (one small winner, one wash, two losses). Ended up again today downing my paper account balance by another 2.5%. Not good. Today reinforced that I do not have ANY intuition ~yet~ when it comes to reading the action. From my list above, I violated #2, 3, 4, 5, and 6 - almost a guarantee to crash - and I had a pretty epic highside today.

If you want to become a better trader and start making life-changing money we have SO MANY great opportunities for you to grow next week. Here are the details you don't want to miss: 💰 Sunday - 7pm EST - Trading in September Live on X Spaces Jump on to X with us and let's discuss what the market holds for us in September and how we are preparing for the month ahead. 💰Wednesday - 12pm EST - Master Trader Workshop: Mastering Charts (FREE) Each week, we dive into our "Master Trader" series of workshops designed to help you master the most essential parts of trading. This week, we will talk about charts and the essential things you need to know in order to trade with confidence and consistency. 💰Wednesday - 8:30pm EST - Special Workshop: Trading Psychology with Drake Smith (FREE) Wednesday night we are diving in to trading psychology with a friend of mine, mentor, and golf coach to the pros. We will learn the essential skills and techniques we need to fight against the emotions that hold our trading back. Note: This will be the first in a series of VIP workshops that will be a regular thing in our community. This one is open to the whole community but in the future these will be hosted on our Pro Community or unlocked for level 4 and above members in this community.

Thank you, Thank you, and Thank you!!!

Main thing I took away from tonight's lesson was be patient (use the 15) and have a plan. Let that initial reaction happen and then be ready. Using the psychological levels will be big for me to add. Need to make that automatic! Absolutely great stuff!