– And keep in mind, somethinggood done consistently is always better than something perfect.
(tranquil music) What's up, welcome back to Bali.
First video I do here.
I hope you don't mind thekind of beach-like look and the burn on face.
But forget that, anyway, I want to show you somethingtoday very interesting that I think people forget to discuss.
All these people out there try to become consistently profitabletraders, that's their goal.
But, you will know for a fact, if you've been watchingthese videos for some time, that the only way toget consistent results is to put in consistent action.
Now, that's kind of obvious, but I want to showexactly how you do this, what steps you have to take, how do you become, yourself, consistent in your actions to get consistent results, and that's gonna be the wholepurpose of this video today.
So I'll be having a couple of steps for you to become consistent, and these are the same things I do myself and I've been going through in the past.
So, here's what I want you to know first.
Something good done consistently is always better than something perfect.
You could be tracking perfect, and that's gonna take you a long time.
And in the end, you probablywon't get your result.
But if you try to just be consistent with something good, youwill become better faster, and that's why you shouldfocus on being consistent, as opposed to perfect in whatever you do, trading, life, business, relationship, whatever.
So I've got the foursteps that you can use to become more consistent.
And the very first thing you gotta do is ask yourself why you wantto get results in trading.
But, keep in mind, you cannot just say I misstep that year, why? So for example, people might say, “I wanna trade becauseI want to make a million “to support my family, “or whatever the reason is, and that could be good, but then you might wannapush things too hard.
You might wanna placetrades you should not place because of your why.
So you gotta be careful, your why is important, but don't be attracted by it.
Don't do things that are against your goal 'cause the thing that can helpyou reach your goal faster, like don't trade if you'renot supposed to trade because you want toreach your goal faster.
That won't work, that's not consistent, and that's usually nota good way to do things.
So what you want to do, isyou want to know your why, you want to understand it, but you don't wanna betoo much pushed by it and do things because of itthat do not respect the process.
You want to be clear about that, okay? But the cool thing about your why is that your why will help youpush through the tough times.
Whenever you have a doubt, a challenge, something not happening yourway, the way you want it, which always happens by the way, it's not not normal, so it's normal, then at least you have a wayto kind of get back on track and you know you're gonna work on it again and again and again.
The reason why I kept doingtrading after two years of not being successful at all, and even three years and a half, is because I had this reasonof why I wanted to do this.
What was my goal with trading.
And that kept me on topursue and to work harder, to become better.
Had I had no reason, no why, I probably would have stopped after day five, I didn'thave a reason to continue.
And that's what you wantto figure out for you.
What is your reason now? And it cannot just be money.
If it's only money, find something more deep that's gonna be more meaningful for you and that will be a lot, a lot better.
Okay, so that's the first thing.
And I spent some time on this, but it's pretty important.
So, second thing is, pick this one thing.
So what you want to do yourselfconsistently over time, what is that one action? It could be, and you start with one, don't start with five, 'cause that's not right.
That's gonna be harder to do.
So what about, I wanna domy journal consistently every time I close a trade.
That's a good one.
Or what about, I wanna beable to cut my losses properly every time, I wanna beable to put my stop loss respected all the time.
That's what you want to do consistently.
You pick your thing dependingon what you want to work on, but pick only one thing at a time.
Then, step number three is you want to start to create the habit.
And there's a really good bookyou could read on that topic called The Power of Habit that is reallygame-changing on that topic, but what you want to do in short is create for yourself a trigger, so something that's gonnatrigger your action, your habit.
And that works really well if you put it with something else.
So, for example, like we talk about, do your trading journalwhen you close a trade.
So the closing the trade is the trigger and doing the tradingjournal is the habit, the action after the trigger.
Now the cool thing here is that you already do thefirst one, the trigger, so you only have to kind of link the two and then every time you have trigger, in your mind you're gonnado, “Oh, trading journal.
” And you're gonna do it, and that's kind of whatyou want to create, a trigger followed by a habit that you already do the trigger.
Don't reinvent the wheel, just do what you do now and add something more to itto become more consistent.
'Cause that works really well, and I've done this manytimes for many things including trading journals, including reviewing the statsat the end of the month, doing the weekly review, anything.
It can work with a lot of stuff, 'cause that's what you want to do.
And if you have thoughts about this part, just read the book The Power of Habit.
It's gonna simplify everything for you.
And the last part, step number four, is you wanna give yourselfan achievable challenge, a challenge you can achieve but that's kind of a stretch a little bit.
So how about a 30 day challenge of for the next 30 days Iwant to this all the time correctly, and that's my challenge.
And then you rank yourself, so you check let's say thedays when you did your thing properly, consistently, and over time, if you do this 30 days, you'regonna become pretty fast, automatic, and you won'tthink about it too much.
'Cause that works pretty well.
So the point is that you wanna kind of find the thing you want to work on, find out why you wanna work on that thing, and then do it, and track yourself a challenge you can look up to, that you can look forward to, and then just keep going on with that, and that works really, reallywell for a lot of people.
So I hope that helps you guys, and leave a comment if youhave any success with this or if you've done thingsdifferent in the past, I wanna hear you talk downbelow in the comments.
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I always appreciate you guys for leaving comments down below.
And keep in mind, somethinggood done consistently is always better than something perfect.
Does all that make sense? And with that being said, I'llcatch you back here tomorrow.