1 Execution (direction + timing = good trade) (2:32) 2 Consistency (10:45) 3 Consistency 4 Scalping (18:02) 5 Specialize based on your particular talents (24:00) Summary: (34:03) "When something is important to you, and you lay out a daily process, and it's an ambitious process, and you really do it everyday, and you do it intensively, and it's something you're passionate about, and it's something you have talent for... [you will actually exceed your ambitions]."
You actually don't get better when you're practicing, but when you rest and sleep, your mind upgrades and integrates. A lot of pro athletes musicians artists intellectuals could testify their breakthrough comes after a period of long hiatus, a natural pruning process the brain does to become more efficient. When a pro stops practicing for a few months and come back, he'll realize suddenly he has new perspective and even improved muscle memories.. there's actual science to not practicing.
100% agree. Every time I come back from vacation, I see a lot of things I didnt not see before, simply because my mind is fresh. Some things are so simple and easy to change that I am nearly getting annoyed with myself that I didnt notice them before. As for sleeping, the same. Had to learn this hard way though. 😊
I've been saying this for years. When I was a kid I used to skate. I would spend days and days trying to learn something and when I was on the edge of a breakthrough I'd get super frustrated and take a hiatus. I'd wake up one day with the motivation to try again and my brain had worked out the nuances that were holding me back and I'd be able to land a trick. It was the greatest thing I ever discovered to allow one to keep moving forward in progression. Most people would just say "eh, maybe but I'm not sure I believe that."
The level of gratitude I have for SMB cannot be measured with any tool known to mankind. I did not find out about the summit until after it was sold out. PLEASE!!! Have more SMB. I shall be there. Thank you very much Mike, Jeff, Garrett, Lance and all the other people who take their time to make these videos for us like minded creatures. Aloha.
One strategy one timeframe one fx pair per account is what leveled me up . Any deviation brings inconsistent results always . Build consistency then build capital through prop firm funding and build realistic wealth . If you backtest your strategy and them follow this principle youl be unstoppable
I agree. I only traded one pair, 5m tf and I have a good profit my problem is I don't close losers soon. That's why I watch psychological talk about trading because I truly believe that trading is not just the ticks but how you think and what you feel when you are in a trade
It differs from one person to another. I tried trading EU for a long time on all time frames. This resulted in a very low frequency of trading, very low RR and bad win rate
Once you find a trading strategy that is easy to identify or use the next step is to be disciplined and consistent with your trading strategy. Literally all you need besides mastering your entries and exits. Its simple but difficult.
I HAVE JUST STARTED USING SBM TRAINING AND IT HAS BEEN OUTSTANDING. WILL CONTINUE TO WATCH THE TRAINING. THANK YOU FOR ALL OF THE HELP WISH I KNEW ABOUT YOU 10 YEARS AGO
25:00 just like Thomas Muller in football⚽. He isn't as fast as ronaldo nor as skilled as Neymar nor as gifted as messi but he's one of the legends in football history. All he does is play smart that means being at the right place at the right time, space interpretor they say him
Very helpful oversight of a strong daily routine. A question if I may, @ 11:16 down the list shows "Build Technology." What does this encompass in laymen terms?
I got strategy that correct market direction at least %70 time but still getting loads of loose as timing and entry points very very important ! Thanks for the video SMB people!
That MLB player example is priceless...simply invaluable....it reminds me to tunnel vision on what I do best and also to stop dabbling on everyhting or watching every youtube video looking for magic wand
So glad and appreciative for SMB Capital and Mike for sharing this content. Consistency is key before anything else. Thank you for showing the way. As retail traders, we read, we watch, but this one really sinks in for someone like me that is often distracted with the vast amount to learn to be good at this.
Never leaning until you find a solution is one of the best things that is helping me with my trading ever since I heard it from you on a previous video. In the past I would be like ok I’ll see tomorrow now I stay at my desk and say I need to find a solution to make this better. Thank you’ Smb and Bella great information!!
the steps may be simple but implementing them is insanely difficult. otherwise it would not be possible to profit from trading if everyone was winning.
Fantastic speech and thanks for this great video, Mike. Would be interesting if you would detail more on the mental/cognitive aspects to chose one style or an other, how you strengthen them at the firm or guide inters toward one style or another one! Have a good day.
If focusing only on one strategy, consistency, discipline and excellent execution were the only requirements to be successful in trading, then all trading robots would be immensely successful in trading.
I really needed this. Similar story to Miami traders. Ive made multiple 7 figs in a couple years then lost most the next 2 years. I know my issue but bad habits continue to happen….
When you want to be at your best, you don't have a desire to take days off. You want to drive until you reach, and then surpass your goals. I've never heard any state it so clearly... "I just don't understand how someone could not want to get better."
Sometimes getting away from something can give the mind a chance to put all the pieces together. You can remember more if you don’t stuff too much info at once. Just my opinion
What the wife did by saying, "He's on vacation. Why not give him a day off," was she set up the condition in the son's mind that he shouldn't be passionate and work hard every day at what he loves to do. The husband asked the son if he wanted to practice. If he doesn't pull that psychological monkey wrench out of his mind that she threw in there, he'll never be as good as he could be. The son said, "Yes." The wife hijacked what the son WANTED to do. She got in the middle of the father-son relationship. There are some things worth fighting for. I don't think I could stay long in a relationship with somebody who would consistently come between me and what I wanted to do, or what my child wanted to do.
all good. but it makes a difference between singles without kids and family regarding don't leave until you found a solution and working on holidays. As a parent you are responsible for your kids and family and they also deserve a normal life - not the kids fault if dad or mum are traders. the great thing about trading is, you are flexible and nobody forces you to trade. If there is an important day for the kids or family, no reason to trade. traders should also be aware their job has the advantage of flexibility. you only live once and trading/work and life needs to be balanced. You have the best results when relaxed and happy and family is happy. Find the best ratio between number of hours worked and profit. 80% of the time probably has 99% of profits too. Sometimes even higher when you skip loosing timeframes
I m working on being consistent i have been trying to figure it out but its no easy task i wish i could do their training. I have been spending so much money in online courses for nothing.
I think your stuff is great, your wife gets it, you don’t Mike, that’s why you cannot comprehend what she said. One day you will. “THE GREATER THE COMPLEXITY OF THE MIND, THE GREATER THE NEED FOR THE SIMPLICITY OF PLAY.”
Get SMB Inside Access: bit.ly/44vmtL6
SMB's Free Trading Workshop: bit.ly/4bpLERE
Hi, i went to join but its reading $297 a month in the shopping cart not $147...what is the link for the $147 price shown in this video.. Thanks
1 Execution (direction + timing = good trade) (2:32)
2 Consistency (10:45)
3 Consistency
4 Scalping (18:02)
5 Specialize based on your particular talents (24:00)
Summary:
(34:03)
"When something is important to you, and you lay out a daily process, and it's an ambitious process, and you really do it everyday, and you do it intensively, and it's something you're passionate about, and it's something you have talent for... [you will actually exceed your ambitions]."
Thxs for sharing these time stamps for the trading community
thanks boss
You actually don't get better when you're practicing, but when you rest and sleep, your mind upgrades and integrates. A lot of pro athletes musicians artists intellectuals could testify their breakthrough comes after a period of long hiatus, a natural pruning process the brain does to become more efficient. When a pro stops practicing for a few months and come back, he'll realize suddenly he has new perspective and even improved muscle memories.. there's actual science to not practicing.
thxs for sharing your thoughts here.
Thanks a lot for your insights
True Kobe Bryant never used to practice. He would rest and sleep when others were training and would kick ass on the court.
100% agree. Every time I come back from vacation, I see a lot of things I didnt not see before, simply because my mind is fresh. Some things are so simple and easy to change that I am nearly getting annoyed with myself that I didnt notice them before. As for sleeping, the same. Had to learn this hard way though. 😊
I've been saying this for years. When I was a kid I used to skate. I would spend days and days trying to learn something and when I was on the edge of a breakthrough I'd get super frustrated and take a hiatus. I'd wake up one day with the motivation to try again and my brain had worked out the nuances that were holding me back and I'd be able to land a trick. It was the greatest thing I ever discovered to allow one to keep moving forward in progression.
Most people would just say "eh, maybe but I'm not sure I believe that."
The level of gratitude I have for SMB cannot be measured with any tool known to mankind. I did not find out about the summit until after it was sold out. PLEASE!!! Have more SMB. I shall be there. Thank you very much Mike, Jeff, Garrett, Lance and all the other people who take their time to make these videos for us like minded creatures. Aloha.
Mahalo for these videos.
One strategy one timeframe one fx pair per account is what leveled me up . Any deviation brings inconsistent results always . Build consistency then build capital through prop firm funding and build realistic wealth . If you backtest your strategy and them follow this principle youl be unstoppable
I agree. I only traded one pair, 5m tf and I have a good profit my problem is I don't close losers soon. That's why I watch psychological talk about trading because I truly believe that trading is not just the ticks but how you think and what you feel when you are in a trade
It differs from one person to another. I tried trading EU for a long time on all time frames. This resulted in a very low frequency of trading, very low RR and bad win rate
@@Itssronzzz i did that on my first months and burnt two accounts. I don't know for you but for me the fewer variables i focus the better my results.
@@erwincastillo8969 depends on your strategy buddy. I bet there are a 1000 profitable strategies. Best of luck to us💪
One pair works for some but it's not for everyone. Especially swing traders
Once you find a trading strategy that is easy to identify or use the next step is to be disciplined and consistent with your trading strategy. Literally all you need besides mastering your entries and exits. Its simple but difficult.
So very true. My strategy is 85-89% accurate but I'm impatient 😢
@@TheUnicornQueenT can you share the idea inshort
I HAVE JUST STARTED USING SBM TRAINING AND IT HAS BEEN OUTSTANDING. WILL CONTINUE TO WATCH THE TRAINING. THANK YOU FOR ALL OF THE HELP WISH I KNEW ABOUT YOU 10 YEARS AGO
Love hearing this!
25:00 just like Thomas Muller in football⚽.
He isn't as fast as ronaldo nor as skilled as Neymar nor as gifted as messi but he's one of the legends in football history.
All he does is play smart that means being at the right place at the right time, space interpretor they say him
The amount of knowledge given in this video is massive. And mike is a true teacher, thanks!
👊
Very helpful oversight of a strong daily routine.
A question if I may,
@ 11:16 down the list shows "Build Technology."
What does this encompass in laymen terms?
build alerts, scripts, and automated models
@@mbellafiore19
Is there a video for that. I already know how to code but implementing that into a software? Is there a video you know for that?
Thank you so much for sharing this, really helpful.
you are welcome and thxs for watching
I got strategy that correct market direction at least %70 time but still getting loads of loose as timing and entry points very very important ! Thanks for the video SMB people!
GREAT LESSON, PEACE AND BLESSINGS
That MLB player example is priceless...simply invaluable....it reminds me to tunnel vision on what I do best and also to stop dabbling on everyhting or watching every youtube video looking for magic wand
This is the best channel I have stumbled upon, thank you so much for great content!!
welcome!
So glad and appreciative for SMB Capital and Mike for sharing this content. Consistency is key before anything else. Thank you for showing the way. As retail traders, we read, we watch, but this one really sinks in for someone like me that is often distracted with the vast amount to learn to be good at this.
very thougtful of you to take the time to show your gratitude. it is appreciated.
Great talk, thanks for making this available. Mike & I are the same age. Old dads rule!
Let's go!
Thank you Mike 😂😂😂😂 “ he didn’t practice that day “ know the feeling
Never leaning until you find a solution is one of the best things that is helping me with my trading ever since I heard it from you on a previous video. In the past I would be like ok I’ll see tomorrow now I stay at my desk and say I need to find a solution to make this better. Thank you’ Smb and Bella great information!!
love love hearing this!
Can't wait for the second summit. This was excellent. Really helpful to hear this again
Very outstanding, informative and motivational presentation!
One of your best presentations
Thank you. These videos are making me a better trader
Loved your trading strategy about scalping. God Bless. Very successfully used on my Market101 account
What a Legend.
As a Baseball fan & A Trader, I loved the Gerrit Cole example lol
I think about that a lot. When we build from our strengths we find what is possible.
Thanks great stuff"
the steps may be simple but implementing them is insanely difficult. otherwise it would not be possible to profit from trading if everyone was winning.
Thank you for all of the knowledge! I appreciate you guys!
you are welcome!
Nice presentation - great points!
Fantastic speech and thanks for this great video, Mike.
Would be interesting if you would detail more on the mental/cognitive aspects to chose one style or an other, how you strengthen them at the firm or guide inters toward one style or another one!
Have a good day.
noted and thxs for the suggestion
Great seminar. Always good to keep honing in the message of consistency in your brain after a long week of trading.
This was such a great episode!!
love love hearing this!
Thanks
Excellent video . Thanks for sharing .
you are welcome!
Good clip Mike, well done.
thank you!
@@mbellafiore19 For sure, have a great day
Excellent Video, Thank you
what's a highlight reel?
See this video on The HighLight Reel from @theonelanceB ua-cam.com/video/ShWqQVW8-28/v-deo.html&ab_channel=SMBCapital
Al Brooks is your guy for bar by bar analysis
If focusing only on one strategy, consistency, discipline and excellent execution were the only requirements to be successful in trading, then all trading robots would be immensely successful in trading.
This isn’t true because trading robots can’t trade discretionary strategies like a human
I really needed this. Similar story to Miami traders. Ive made multiple 7 figs in a couple years then lost most the next 2 years. I know my issue but bad habits continue to happen….
perhaps a DRC on the issue. intensive focus on fixing that this month.
Very good video, thanks!
Great presentation,
Thank you!
Extremely good presentation!
15:36 true 35:15 financial freedom
do you guys have some video for scalping in the future of the MNQ?? because I do scalping thank you!
hey has the inside access price increase to 297 now?
Thanks for the info
Great video
thank you
ты простой лучший, реально полезные уроки Мужик, продолжай это супер круто
Thank you thank you 🎉
you are welcome!
When you want to be at your best, you don't have a desire to take days off. You want to drive until you reach, and then surpass your goals. I've never heard any state it so clearly... "I just don't understand how someone could not want to get better."
thxs for watching!
Thanks 👍
you are welcome!
Sometimes getting away from something can give the mind a chance to put all the pieces together. You can remember more if you don’t stuff too much info at once. Just my opinion
thxs for contributing to this discussion Matt
Это покрывает все комиссии?
Just messged jeff or replyed to his automated messaging.. perfect timing on this video !
awesome
Very simple to be 100% consistent: I just let my algorithms do the work. And that is all.
Thanks a awesome video I very much appreciate your work that you sheer
awesome and thxs for being a part of our UA-cam trading community
Wdf is he zapping?
THZNKS SO MUCH 🦁🦁
you are welcome!
Это как всегда очень хорошие связки советую пробуйте не пожалеете
After earnings position $BA $ELF $RS 25M !!!
What the wife did by saying, "He's on vacation. Why not give him a day off," was she set up the condition in the son's mind that he shouldn't be passionate and work hard every day at what he loves to do. The husband asked the son if he wanted to practice. If he doesn't pull that psychological monkey wrench out of his mind that she threw in there, he'll never be as good as he could be. The son said, "Yes." The wife hijacked what the son WANTED to do. She got in the middle of the father-son relationship. There are some things worth fighting for. I don't think I could stay long in a relationship with somebody who would consistently come between me and what I wanted to do, or what my child wanted to do.
brainrot, touch grass.
@@69sydney How's your mom?
all good. but it makes a difference between singles without kids and family regarding don't leave until you found a solution and working on holidays. As a parent you are responsible for your kids and family and they also deserve a normal life - not the kids fault if dad or mum are traders. the great thing about trading is, you are flexible and nobody forces you to trade. If there is an important day for the kids or family, no reason to trade. traders should also be aware their job has the advantage of flexibility. you only live once and trading/work and life needs to be balanced. You have the best results when relaxed and happy and family is happy. Find the best ratio between number of hours worked and profit. 80% of the time probably has 99% of profits too. Sometimes even higher when you skip loosing timeframes
Thxs Tobias
Where's the intro music Mike?
is is necessary if we are getting a LIVE presentation from me?
@@mbellafiore19 yes, with a little dance move too 🔥
@@oceanblue2386 we will have to hire a production crew for the next event
You better believe “he didn’t practice that day”.😂😂
20:00
I m working on being consistent i have been trying to figure it out but its no easy task i wish i could do their training. I have been spending so much money in online courses for nothing.
LOL could you have been bigger on that trade? LOL Love that story.
❤
"I just don't understand that!" 😂😂😂
Guy is a douschbag saying it 90 times
Mike, concerning your Wife on Vacation ... you can be right or you can be loved.
as I said in the video...I made my choice. thxs for watching and sharing
@smbcapital Are your traders required to get the series 7? It does not seem to me that it is required for what you present here.
No
Flip a Coin, heads go long, tail go short 😂There is no way you can do worst than what you think is a logical move.
Nice
Slide a bourbon through UA-cam!
Let me help you;
Its called being a workaholic.
When I started SMB that was probably true...
А теперь представьте, как все это объяснить бабушке
I think your stuff is great, your wife gets it, you don’t Mike, that’s why you cannot comprehend what she said. One day you will.
“THE GREATER THE COMPLEXITY OF THE MIND, THE GREATER THE NEED FOR THE SIMPLICITY OF PLAY.”
Thank you for sharing your perspective here.
☦❤🕊✝️