Lord Krishna said that in Bhagavad Gita centuries before Ben Crowe. "To action alone hast thou a right and never at all to its fruits; let not the fruits of action be thy motive; neither let there be in thee any attachment to inaction."
One of the best videos you uploaded, really loved & enjoyed the topic... I will apply everything you said, this will make my trading better on the psychological side & also in my own personal life! 😄
Wow, such a good video and great points. I definitely focus way too much on PNL. I pretty much refuse to take a losing day and to stop trading for that day if I'm in the red. Definitely need to focus on the long-term strategy and progress. Thanks for this!
Oh man, love this paradigm shift!!! More people need this message. A red day is a lesson day that also contributes to our critical growth! Long game mentality. Sooooo good! 🔥💪🏼✨ Thank you Lance & SMB ♥️
These videos are so helpful, especially the really compassionate and encouraging ones. Thank you for putting them out there. They’re making a difference in my trading.❤
thank you Lance. Having a hard time to continually motivate myself to continue after 4 years of studying and trading options as my losses are bigger than my wins. Your video has helped me to focus on improvement.
grazie! - bad pnl days are good because the market shows a flaw in your system that you can improve and increase the expected value of your bobble head. it is increasing your longterm pnl, it is making you more adaptable across markets, making you a more resilent trader. making you a more mentally robust trader - don't compare yourself with others, just focus on getting better every single day - view adversity as an opportunity to get better
Great video. It's basic information that I've heard before, but because I trade alone it sounds fresh and encouraging, especially how you present it Lance. Thanks!
Honestly is, just got stopped out on a short, with a parabolic reversal after being up, but was waiting for a consolidation zone to lock in some profits. Was disheatening as hell.
Reminds me of the serenity prayer....God grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference.
It seems like focusing exclusively on P/L is like looking at your feet the whole time during a hike; when you should be focusing on the path to your destination.
Obsession is neurotic and ego driven while passion is no more than a natural curiosity of understanding the subject matter. But even passion is overrated.
Wow this video makes me strong I realize that my journey is full off stress because I always focus on every and each day of performance instead of long run.
Awesome video…I just subscribed and will watch every video. Started trading 9 months ago and wow do I obsess over PnL! Yesterday was my first 1k profit day and today I profited 32.00. It definitely bummed me out but this video has shown me a better way and to stay positive. TY!
You have nothing to be sad about with a $1,000 and then a. $32- day! It’s so easy after a great day or a great morning to give it all back the next day or two. Stay focused on the process and risk management and you will be golden.
Good clip and thank you. For me, the down cycles, excess volatility, and harder parts of say being more of a pure long market participant, really helps develop the mental toughness needed to be in the market. Unlike most jobs, like painting a fence, writing a program, driving a bus, or writing a document, being an accountant where life is more deterministic, the market is a place where uncertainty and the future dominate the expectation set since the market trades on the future - which is uncertain. Accepting that and adapting to an ever changing information set and flowing with it helps prevent wanting to control the uncontrollable....
that might be true but you also should be confident due to succeeding more than you're failing. if you're constantly having these losing streaks it could be that your psychology is fine but your system is just bad
@@SacredCASHcow You must have a good control of both. Having a good system while having the psychology to apply that strategy and differentiating between losses/wins per day and losses/wins over a month, over 6 months, over a year is essential to succeeding in this type of business.
@@austinshum2561 I would agree somewhat. I think success begets success. if you're extremely skilled at something you will naturally be more patient and trusting of your analysis
Absolutely great video! Meta cognition is the secret for success in any area of trading and/or life, and the way he explains how it relates to trading is just awesome, 10 out of 10! Thanks 👍
Awesome video, great stuff as usual any links to the mindset coach featured here, would be appreciated. I could not locate anything, probably spelling his name incorrectly...💡
I am always thinking that if most of your traders trading every day with a fixed number of money, I mean, for example, some of you just trade 100$ each time on a day, without using your incurred profit or loss. Is that right? THANKS!
Nobody just wins except the buy and hold people who hold in a 9 or 12 or 50 year bull market, because they don’t actually look at the market. Traders gotta WORK to win consistently and to HOLD ONTO their gains.
This is complete nonsense....If I can tell if a trade is going to be A/B/C/D then what's the point in dealing with C/D trades? And why then not go all in right at the beginning if you guys can tell?
Don't see much difference between p&l and bubble heads, it's sounds the same just named differently , just use monthly/quarterly p&l instead of daily and focus on making your trade right every single time.
SMB Workshop: bit.ly/3vXWbAx
Lord Krishna said that in Bhagavad Gita centuries before Ben Crowe. "To action alone hast thou a right and never at all to its fruits; let not the fruits of action be thy motive; neither let there be in thee any attachment to inaction."
Just constant value from this man day in day out.
Taking the pressure away from making P&L and focusing on progress is huge! Thanks Lance
I’ve been smb video watcher for years. This is the best smb video ever posted Thank you Lance!
He hit all the trigger points that traders have to grapple with in order to succeed in the long game. I needed this today.
This guy is a wonderful mentor.
So true and helpful.. .This really picked me up after a bad red day... thank you so much !
So excited to see Lance at SMB!! Thanks for doing that, great video!!
One of the best videos you uploaded, really loved & enjoyed the topic... I will apply everything you said, this will make my trading better on the psychological side & also in my own personal life! 😄
Wow, such a good video and great points. I definitely focus way too much on PNL. I pretty much refuse to take a losing day and to stop trading for that day if I'm in the red. Definitely need to focus on the long-term strategy and progress. Thanks for this!
Great Video…. Enjoyed the structured information that is applicable to everyone’s trading approach…. Thanks, Keep up the great work!
This man is a gangster
Oh man, love this paradigm shift!!! More people need this message. A red day is a lesson day that also contributes to our critical growth! Long game mentality. Sooooo good! 🔥💪🏼✨ Thank you Lance & SMB ♥️
These videos are so helpful, especially the really compassionate and encouraging ones. Thank you for putting them out there. They’re making a difference in my trading.❤
that's great Skye
I needed this today, I had a great green day yesterday, and today i gave half back, red as a chili. im pissed off man
Great video and so relevant to shifting your mindset to be a better version of yourself as a trader.
One of your best advice I have seen, thanks so much! this is gold!!!
thank you Lance. Having a hard time to continually motivate myself to continue after 4 years of studying and trading options as my losses are bigger than my wins. Your video has helped me to focus on improvement.
grazie!
- bad pnl days are good because the market shows a flaw in your system that you can improve and increase the expected value of your bobble head. it is increasing your longterm pnl, it is making you more adaptable across markets, making you a more resilent trader. making you a more mentally robust trader
- don't compare yourself with others, just focus on getting better every single day
- view adversity as an opportunity to get better
Great video guys - always good to zoom out and take perspective on the bigger picture of what you're trying to achieve
Absolutely!
Wow needed this
Great addition to the team!
Thank you, I really needed this! 🙏
Thanks.
This is very high quality advice on training. I think that this video does a lot to boost trading psychology. Thank you for your video.
Great video. It's basic information that I've heard before, but because I trade alone it sounds fresh and encouraging, especially how you present it Lance. Thanks!
Good stuff! Practical advice! Love it.
😊👍
Hearing about Lance's journey is the most helpful and inspiring.--Helps me stay focused and motivated.
Thanks Lance
Great to hear these advice
Great video!
Great perspective, thanks 🙏
Incredible message. Great job!
Really needed to hear this.
God bless you guys greatly in every aspect of your lifes.
Process over profits! Great stuff
the funny thing on the James Clear book is, the word stock gets not mentioned once, but it´s pure gold for trader.
stoked to see Lance at SMB!
Us too! Amazing person.
This is exactly the thing I needed to hear, thank you, SMB!
Honestly is, just got stopped out on a short, with a parabolic reversal after being up, but was waiting for a consolidation zone to lock in some profits. Was disheatening as hell.
Reminds me of the serenity prayer....God grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference.
Great video thank you SMB !
It seems like focusing exclusively on P/L is like looking at your feet the whole time during a hike; when you should be focusing on the path to your destination.
Great motivation - thanks!
Great message
Great video ... thanks.
Obsession is neurotic and ego driven while passion is no more than a natural curiosity of understanding the subject matter. But even passion is overrated.
Wow this video makes me strong I realize that my journey is full off stress because I always focus on every and each day of performance instead of long run.
glad you realized this!
Thanks for the video. That's I have been thinking about my journey -- I would get too discouraged otherwise!
LANCE!!!
Thank you for this brother
Always great content.
Very Important video helped me get through difficult times
One of my Big problems is being outcome bassed this video greatly helped thanks 🙏
Thanks for this video
Very well spoken
Awesome video…I just subscribed and will watch every video. Started trading 9 months ago and wow do I obsess over PnL! Yesterday was my first 1k profit day and today I profited 32.00. It definitely bummed me out but this video has shown me a better way and to stay positive. TY!
glad you recognized that you should be focusing on other factors besides pnl
Just make sure you are not over risking.
You have nothing to be sad about with a $1,000 and then a. $32- day! It’s so easy after a great day or a great morning to give it all back the next day or two. Stay focused on the process and risk management and you will be golden.
Great video
great mindset !
absolutely!
This is the way 🚀
Good clip and thank you. For me, the down cycles, excess volatility, and harder parts of say being more of a pure long market participant, really helps develop the mental toughness needed to be in the market. Unlike most jobs, like painting a fence, writing a program, driving a bus, or writing a document, being an accountant where life is more deterministic, the market is a place where uncertainty and the future dominate the expectation set since the market trades on the future - which is uncertain. Accepting that and adapting to an ever changing information set and flowing with it helps prevent wanting to control the uncontrollable....
that might be true but you also should be confident due to succeeding more than you're failing. if you're constantly having these losing streaks it could be that your psychology is fine but your system is just bad
@@SacredCASHcow You must have a good control of both. Having a good system while having the psychology to apply that strategy and differentiating between losses/wins per day and losses/wins over a month, over 6 months, over a year is essential to succeeding in this type of business.
@@austinshum2561 I would agree somewhat. I think success begets success. if you're extremely skilled at something you will naturally be more patient and trusting of your analysis
Thanks for another great vid Lance!
Absolutely great video! Meta cognition is the secret for success in any area of trading and/or life, and the way he explains how it relates to trading is just awesome, 10 out of 10! Thanks 👍
damn great stuff per usual. going in my library
I'm unsure if the second time I comment on this video. But this is "GOLD". Thank you.
Awesome video, great stuff as usual any links to the mindset coach featured here, would be appreciated. I could not locate anything, probably spelling his name incorrectly...💡
Gem after gem for free from Lance, thank you!
Thanks Lance I very much like your videos great mind Stuff
very good metric! Staring to code script that will measure my ev 😍
Bravo!
When your bitten by the bug of trading. The number 1 symptoms of the bite is green obsession no matter what u trade😎💪😁
This is really a great video, can you please record more videos with Lance. Thank you.
More to come!
Great video,
Expected Value is all that matters
These are good lessons for life, not just for trading 😜
Obsessing isn't a good thing. But it's still necessary to document it. If your PNL is consistently low, you should figure out what's wrong.
Gold.
😎🔥
All I care about is CONSISTENTLY learning every day. It is inevitable that I end up at SMB.
Love this type of video. Also be careful people the spambot scum are here. If it sounds too good to be true.... It will cost you money
Lets get the F to work and get better. I'm gonna remember that always
🎉
Yeah but too many red days and back to driving uber I go.
I am always thinking that if most of your traders trading every day with a fixed number of money, I mean, for example, some of you just trade 100$ each time on a day, without using your incurred profit or loss. Is that right? THANKS!
How do we get hired by your firm?
❤️❤️❤️
👏🏽👏🏽👏🏽👏🏽👏🏽
You can't really call yourself a trader if all you do is win
Nobody just wins except the buy and hold people who hold in a 9 or 12 or 50 year bull market, because they don’t actually look at the market. Traders gotta WORK to win consistently and to HOLD ONTO their gains.
Aren't all indicators lagging indicators? What is an example of a non-lagging indicator?
Times and sales.
Easier said then done 🤕
More lance. Fire Seth
This is complete nonsense....If I can tell if a trade is going to be A/B/C/D then what's the point in dealing with C/D trades? And why then not go all in right at the beginning if you guys can tell?
Don't see much difference between p&l and bubble heads, it's sounds the same just named differently , just use monthly/quarterly p&l instead of daily and focus on making your trade right every single time.
He’s a good teacher 🙌🏽🫡💪🏽