Notes from trading reminder call · Ghost & Results Free

Notes from trading reminder call

thanks

for the note taking.

Anything you spend a lot of time doing, invest in that thing, for example you sleep a lot, get something close to Canada Goose pillows

The job you’re in is allowing you to progress in trading, it’s allowing you to pay for this community, that’s how you fall in love with your job by looking at what its allowing you to do

Its allowing you to get a haircut whenever you need a haircut, to pay for trading view every month, its allowing you to save up for a challenge when you’re ready for it

That’s how you like your job, you see it as what its allowing you to do but, you have to allow your job to allow you to do what you need to do

What does that mean? if you’re at your job and on the weekends, you’re spending your money on bullshit and takeaways and going out and not on self-development then you will keep going back to the job the same person

But if every week you see you are becoming a better trader, you are looking better, your skin is looking better, you’re spending it on good products, a good haircut, good clothes, or a holy book, you’re buying a holy book with your work money, you’re buying your mum flowers, you’re surprising your best friends

Then you’ll go back to your job the following Monday knowing you look good, you smell good, you feel good, you make others happy, you don’t borrow money, you’re becoming a better trader, because you’re in Skool learning about it, you’re getting closer to Allah, you’ve bought a prayer mat that you love, you bought some nice Oud, you’re smelling like a Muslim, you smell good – your job is allowing you to do that.

Because you’re using the work money for good things, then you’re looking at your job in a good way. If you don’t use it for these good things, then you’ll think that its making things worse, but you’re making things worse by how you choose to spend the money.

People hate their job because they know they’re going to be there forever, your happy and they don’t understand because they don’t know how you’ve been spending your cheque and what it’s done for you

Every week you’re getting closer to something, they’re not, they think it’s just another week in the office, nah it’s just another week to work so you guys can allow me to do what I need to do

You guys don’t realize what you’re looking at here, just roll with the trading stuff Younis is teaching, and understand you’re getting some of the best value in the whole industry

If you don’t sleep well, you don’t actually remember all the knowledge you consumed that day

When you sleep your muscles repair itself, your muscles get bigger in your sleep

Doing something else whilst watching these zooms is an awful idea

Be flexible with what Younis says, don’t say Younis said this so it must be right

If one piece is missing from the roadmap of a trader, then you will crumble, the building has to be complete otherwise it will fall down

If you lack focus your mind is going to take over, you and you will do something crazy

If you don’t live by the values during trading, then its game over

If you don’t have awareness and patience, then it’s game over. If you’re stressed it’s game over

If you don’t have good sleep, you’re basically trading at a drunken state according to neuroscience

If you don’t exercise, you’re going to have a clogged mind

If you don’t eat well, you’re going to feel shit and trade shitter

If you don’t have clarity and don’t know exactly what you’re supposed to be seeing, when you’re supposed to be doing it, then you’re going to miss trades

If you don’t have risk management then the building will crumble on your face

If you don’t have an edge, then you’re gambling

You’re not a trader if you don’t journal

If you don’t journal your trades, then you can’t measure something if you can’t keep track of it

You’re not profitable because you’re lacking all these things

This is the mirror, you have to take your make up off and find out how ugly you really are, and when you find out how ugly you are you can start beautifying yourself

If you don’t find out how ugly you are you’re going to continue trading with make up on and never make it

You won’t become the trader you want to be without all of these, so start attacking your weaknesses

If you become a really good trader, you have become a really good human being

You need to journal the duration of your winning trades, because for example if you’ve collected data that tells you the last winning 30 trades lasted 2 days on average to hit the target, then in the moment you aren’t going to panic and think ahh this is taking too long let me get out of this

If you miss anything on this roadmap you aren’t seeing success

Some of you are still developing an edge so you probably need to create a playbook, and in order to create a playbook you need to collect data, done through backtesting and live testing

Once you’ve got an edge and you’ve got 10/15 trades that are exactly the same that you want to now test in real time, now it’s a matter of studying them so much that you develop the clarity

Your playbook is going to tell you exactly what the narratives look like, and that’s when you start studying the narratives on the M1 for example on 50 winning trades

The clarity comes from the playbook, it tells you what trades you can stay in and what you need to get out off because for example on all of the winning trades I’ve got what red news happened on that day, that’s how smart you can be

You can go into all the winning trades and check what news happened that day and what did it do

Playbook can also tell you that not only are your trades in New York, but the trades are in a 2 hour period in New York, so you don’t need to sit there for the whole session

Elite level is when you can predict within 10-30 mins whether there will be a trade or not for that day

You need an edge, and clarity of the edge

You have to be a bit flexible; you will miss a lot of trades if you wait to see exactly what’s in your playbook appearance wise, that’s too mechanical that’s too rigid, you have to be adaptable

For example: The below looks different but they all take out a HTF low

The market repeats itself; Mark Douglas says there’s repeating patterns

An edge is not something that makes you more than 0% every month, that’s furthest from the truth, you will not be profitable every month, is it possible? Yes

99% of edges aren’t profitable every month, 99% of the richest traders in the world aren’t profitable every month. You can make £60k one month but be breakeven the next.

Portability is measured over long term like a year for example

The reality is your edge might present 4 winning trades, 6 losers and 3 breakeven. You only caught one winner, took all the losses for example and ended up with 2R.

You have to be a really high performer, you have to be in front of the session, not stressed, not under pressure, well rested when your edge presents

If you have high expectations, you will fail

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