[00:02] letter, you'll instantly transform into a consistent trader.  But you need to watch this video until the end, because if you forget any of the things I'm going to tell you here, you can be sure that
[00:15] profitable results will elude you. And perhaps that's why you have n't made a profit in the trading market to this day.  I'm here to tell you this based not just on something I think or that I found on the internet, but on what I've experienced and what
[00:31] I've taught to many people.  So, don't take this as just a people.  So, don't take this as just a video, but rather as commandments that you should have memorized, understanding the principles behind them
[00:45] .  Because this way you 'll finally start to see the light at the end of the tunnel when it comes to your operations, you'll stop wasting money and time, and you'll finally start to see your brokerage balance going up.  I'm
[01:00] video, so go ahead and leave a like and subscribe, okay?  Let's go.  In the market, we have three pillars.  A pillar of strategy, management, and emotion.  And I'm going to give you a separate checklist of information and things to do
[01:16] that, as I said before, will instantly make you improve and transform you into a profitable and consistent trader.  The first pillar I'm going to talk to you about now is the pillar of management.  And I want to make it very clear that
[01:29] all the pillars are directly connected.  What you do in terms of strategy is about you.  And it has to do with management.  And all of this has to precisely you.  Which management style will you use?  It depends on the strategy, and it
[01:42] also depends on how you handle each type of management and each type of strategy.  A strategy that takes longer to create opportunities, a strategy that is faster, a management style that requires you to be more attentive to the
[01:57] numbers, or a simpler management style.  All of this will be primarily tied to you.  So, when we talk about trading, you need to work on what will work best for you. But everything I'm going to tell you now,
[02:11] starting with the management aspect, applies to any type of person operating in any market, whether it's the domestic market, the international market, day trading, swing trading, position trading, or even very long-term operations.  Pay
[02:25] close attention and take notes.  And don't forget to share this video to help that friend of yours who is n't yet making a profit from trading.  Speaking of management, we have something that makes perfect sense, which is that your stop loss needs to
[02:38] fit.  not just in your pocket, but also in your mind.  What does that mean?  Remember when I said that management and emotions are all connected? we often think about
[02:50] that.  You're going to use a stop loss for each trade, and also a stop loss for each day, each week, each month, which is one of the other tips I was going to give you: you should manage not only each trade, but
[03:04] each day, each week, and each month, maybe even a semester, because that way better risk planning.  And when we talk about "stop," about fitting into your mind, do you know what that means?  This means that not only does the amount you're going to lose need to
[03:18] be aligned with your spreadsheet and financial organization, but you also need to be prepared for a scenario of bad days and bad operations. Because if it doesn't fit in your mind , it will influence your
[03:32] emotions, and influencing your emotions will negatively influence your actions.  And then there's no strategy that can save you, you're going to mess things up and you're going to go broke.  So the stop-loss order should fit not only in your pocket, but primarily in your mind.
[03:48] Furthermore, the risk you will take in your operations, daily, weekly or monthly, should be a calculated risk, a fixed risk that you will determine according to your financial planning.  However, your earnings should
[04:03] be exponential.  It doesn't mean you should operate indefinitely.  You can also, of course, set a daily profit limit, but this will vary greatly depending on your strategy and the type of trade you're
[04:17] making.  If you made a really good trade and the market managed to explode, and you've already hedged your risk, bringing it to break even, and the market continues to move in would you close that trade?  If the market shows, based on your strategy and
[04:31] continue to move in the direction of your operation, it doesn't make sense.  And is that what you do?  You are gradually limiting your risk, but you are also exponentially increasing the possibility of profit.  And this can be done in all markets,
[04:44] short-term trading market, such as the options market.  This is a very simple tip, but if you don't have it memorized, if you don't have this principle fixed in your soul when you go to trade, you probably won't
[04:59] get results.  So, once again , remember to write down everything I'm because you can be sure this video will help you.  Now let's talk more about the emotional aspect, which is 100% interconnected with the management side.  You can in no
[05:13] way be a slave to your emotions, especially fear and anger, which are the emotions that most negatively influence your attitudes.  You get angry and try to get revenge on the market, but the market is sovereign
[05:27] and will beat you down, and you'll be screwed.  Or else you become afraid, and fear creates a blockage, and the blockage prevents you from operating the way you were supposed to operate.  You let the opportunity pass and end up missing out on profits.
[05:41] Another thing I always say, and will continue to say, is that it's advice that's not just about the market, it's about life.  The result shouldn't be the priority. The priority is focusing on the process.  It's about focusing on following your
[05:54] trading plan, sticking to what you've defined, your strategy, your management, and the result will be a consequence of a job well done.  Remember this.  Focus your mind on the process.  Comment below: "Focus on the process" so that
[06:08] this sinks into your mind, so you never forget it, because results, but it can even change your life.  And one thing that many have probably already realized, but persist in making the mistake of doing, is that a bad day
[06:21] will likely lead to a bad result, a bad operation.  And when I say bad result, I'm not just talking about a losing day, but a bad day in your life; it will probably cause you to deviate from the process and operate
[06:34] incorrectly, outside of what you had planned.  That's the main problem with trading on a day when you're stressed, a day that wasn't a good day, when you argued with someone, when you have an
[06:46] unbearable headache, or maybe when the day went completely differently than you expected.  This made you distressed, it made you angry.  On a day when you might be feeling down, sometimes not operating is better than operating.  So
[06:58] learn to respect when you're not having a good day.  Be aware of this.  The main problem isn't even that you're trading on a day when you're not feeling well and you end up losing.  The problem is that it will cause you to lose focus, deviate from the
[07:12] process, and operate incorrectly.  And operating incorrectly is what makes you fail.  One losing day .  Remember that?  And now let's talk about what the vast majority are looking for most, which is the technical aspect, the
[07:27] strategy aspect, but that's not necessarily what matters most.  Because without management and emotional control, it doesn't matter what methodology you follow.  You wo n't get any results.  You
[07:40] need to follow all of these tips from the three pillars.  Pay very close attention to what I'm about to tell you.  Closing a trade is more important than opening one.  What does that mean?  Many people look for strategies
[07:54] to know the right time to start an analysis and click the buy or sell button, but they don't study the right time to close a trade.  Therefore, sometimes you incur a loss that you shouldn't, or you make a
[08:07] profit, but it's small compared to what you could have earned.  So study not only when to enter a trade, but also when to exit. And if this rule doesn't apply to you, perhaps because you operate in the options market, which
[08:19] has a predetermined time frame for your operation, understand that the moment you click is the least important thing.  What matters most is what I call the filter.  This is a filter?  The filter is what tells you when you shouldn't trade.   The
[08:34] trigger is the moment to literally pull the trigger, the moment you perform your operation. But the filter is what shows you that you can't operate.  And that's even more important than the trigger itself. Be aware of this, because without a filter
[08:48] you can't have consistent profits.  Now I'm going to get a little closer here to tell you two things that will blow your mind.  A random method will generate inconsistent results.  If you want to be
[09:01] consistent, you can't operate randomly.  What is the opposite of random?  Standard?  What does it mean to operate in a standardized way?  It's about perfectly defining the analysis, filter, trigger, what you do, where you enter,
[09:15] where you exit, what the rules of your methodology are, because that's the only way to standardize.  And through standardization, you will achieve consistent results.  Not necessarily consistent profit, but a plausible result
[09:29] according to your methodology.  And only through standardization will you be able to optimize.  Because with random results, you have no way of worked, whether the market responded well, whether the method was good, or whether
[09:43] the filter you used was effective.  Yes, the biggest mistake a trader can make is operating randomly.  It makes absolutely no sense. And the last tip, which is definitely simple.  It's really a simple thing, but it makes all the difference.
[09:58] Remember that regardless of whether you trade with indicators, price trade with indicators, price action, or SMC, it doesn't matter.  We do what are they usually?  lines. We're going to do an analysis; we'll
[10:11] draw a line—the indicator is a little line, but it's not actually a line, but rather regions that concentrate buying and selling orders, regions that concentrate liquidity, regions that will likely generate a continuation
[10:27] of the trend or a region that could be broken.  If you simply use one line in the analysis section, is that correct? Okay, you're going to analyze it using lines, remember that it's not just about lines, but about regions.  This video
[10:42] will definitely help you improve your results instantly, but for that to happen, you need to take everything I've said seriously and apply it to your daily work in the market.  I hope you enjoyed it, and if you've stayed this far, it's
[10:54] like it before, didn't you?  Leave your like now.  Comment below focusing on the process and also subscribe to the channel to follow all the upcoming content.  We're in this together, and this is just the beginning.