HOW TO MASTER YOUR

EMOTIONS IN TRADING

THE FOREX FAMILY

WRITTEN BY:

ALEX - @FOREX6GOD ALI - @THE.FX.BOXING.KING ALEX - @ALEXHILLFX

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This pdf goes deep into the details of everything you need to know about how
your brain works, the bad habits in trading and how you can fix them.
Take your time to read it and make notes. Because after reading this pdf, you
will no longer have to ask anyone else the question: how do I become a
disciplined trader? I did the homework for you by gathering all the
information and summarizing it in four weeks.
Everything is based on my personal idea’s, a few books, tons of online videos
and some Forex Family education.
This pdf has 14 chapters. In chapter 13 and 14, the Forex Family mentors
Forex6God and Alex Hill have also shared their knowledge.

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INDEX

1. USE YOUR BRAIN WISELY ................................................................................................................................. 4

2. WHAT SEPARATES THE 95% FROM THE 5% ................................................................................................. 5
3. UNDERSTAND WHO YOU ARE ......................................................................................................................... 6
4. DEVELOPING A STRATEGY .............................................................................................................................. 7
5. STICK WITH YOUR STRATEGY .......................................................................................................................... 8
6. TRADE WITH MONEY WHICH YOU ‘CAN’ AFFORD TO LOSE ...................................................................... 9
7. TRADE LIKE A PROFESSIONAL ..................................................................................................................... 10
8. IT’S ABOUT WINNING THE WAR AND NOT EVERY BATTLE ...................................................................... 11
9. HOW TO MASTER FEAR AND EUPHORIA – TRADER PSYCHOLOGIST RANDE HOWELL ................. 12
10. REMOVING NEGATIVE EMOTIONS – MENTAL GAME EXPERT JARED TENDLER............................. 15
11. WHEN YOU FEEL LIKE GIVING UP ................................................................................................................ 20
12. FINAL NOTE FROM ME .................................................................................................................................... 21
13. FOREX6GOD DROPPING DISCIPLINE BOMBS ......................................................................................... 22
14. POSH GIVING BITCH SLAPS TO UNDISCIPLINED HOES ....................................................................... 25

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1. USE YOUR BRAIN WISELY

People read something without even knowing why they are reading it. They
keep reading things over and over again and they still don’t know what they
just read. That’s because they are not clear about how come they are reading
something. And yet they complain that they are not getting any answers.
Our brain has something called Reticular Activating System (ras). It acts as a
filter against all the data around us. Just look around you. There is a glass of
water, pen, monitor, laptop, bed, shoes, phone, table, roof etc.. There can be 2
million bits of data at any time.
Our brain can only process limited data at a time. So your ras ‘filter’ only lets
things through that it thinks are ‘important’. How does it know what’s
important? The answer is: by what you focus on the most. People filter things
based on their identity, self-beliefs, self-worth, their values etc..
If you write down your goals, what you are looking for and focus on those
specific things. You will start seeing opportunities everywhere in line with
the goals you have.
The same thing happens when you are reading: oh there is the answer for my
first question and there is the answer for my second question. Your brain
acts like a magnet, It pulls out information that you need. You learn the best
way by pulling out the information and not pushing in. That’s how a brain
works. It doesn’t work through consumption, but the creation by getting
involved and rolling up your sleeves.
For example, when people go to the gym and they see a big muscled guy.
People will say oh that guy can bench press so much because he is so big.
That is actually rubbish. That muscled guy is so strong because that’s what he
focuses on the most. And he is doing that on regular basis. That’s why you see
his amazing results.
Your brain grows like a muscle too. It grows stronger with use. It’s use it or
lose it. So be very careful with what you use your brain for when you start to
read or study something.

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2. WHAT SEPARATES THE 95% FROM THE 5%

It’s easy to call yourself a trader. But it’s very difficult to get to the level
where you are a consistently profitable trader. There are no shortcuts.
No one can teach you anything. All others can do is guide you. You have to
teach yourself. You have to want it yourself. The ones who truly dream and
dare, go for their goals and their vision.
You can be a very capable person with a lot of qualities in life. Yet you will not
do the work. You will not learn from your mistakes. Trading is not similar to
anything else in life like your 9 to 5 job or school/university. It requires a
different type of mindset.
In trading, you need to go back and you need to constantly look at what is it
that I’m doing, what’s working and what’s not working. That takes work. It’s
simply just the matter of termination. Doing it over and over again. And when
something requires so much work, most people don’t have that much time. In
other words people are happy not to make money.
A journal is a very crucial part of trading. We all have one. But the question is
how much information do you have in your journal? We all start with notes
after notes and then suddenly it’s a big blank space.
Success in life is just a question of what you do in life every day. It isn’t one
grand gesture. For example, when you are trying to win someone’s heart.
You don’t do it with one impressing statement. You do it by being there every
single day.
We as humans are a creature of habit. To change habits, most people will not
look inside and do the work. You need the desire and the repetition to
succeed.
Self-improvement begins with self-acceptance. When you actually make it
clear to yourself that you don’t like what is going on. You begin to be aware of
things you are doing wrong. Then you can start to make a real change.
A very few people do that. A very few people have enough respect for
themselves to go and look into their track records to see where did it go
wrong and where did it go right. That’s what separates the 95% from the 5%.
That’s why the 5% is living the luxury life and others are not.

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3. UNDERSTAND WHO YOU ARE

Forex will knock you between the eyes, the knock-out punches will come out
of nowhere and catch you on the blind side with stuff you can't anticipate.
However, if you spend enough time studying and practicing it, you will be
able to make good money.
Before you even start dreaming about a Lambo or a Benzo, you need to
understand that you can’t take shortcuts in trading by copying someone else.
You have to have your own strategy. You can’t be Ted, Rakeel or any other top
trader. When you can’t duplicate the results like the people you copy, that’s
when your emotions kick in to cause more problems. Stop looking
elsewhere. Look at yourself first.
Figure out first who you are as a trader. If you can’t use a 8 pips stop loss like
Rakeel, then don’t force it. If you don’t have the time to trade Gold during NY
session like Ted, then don’t force it. Find something that suits your
personality and schedule.
Pick a pair and figure out on charts, where can i make 5% daily and then we
will go from there. It can be with or without indicators. It can be with support
and resistance or supply and demand trading. It’s about what works for you.
Don’t worry about ‘I’m going be the most bad ass trader of all time’. Study the
market structure first. Study the way your pair moves within that structure.
Identify and focus on specific pushes of your pair. Backtest it and make sure
that your strategy will work.
Work together with serious and successful traders who have the same
trading style as you. Reach out to traders who trade the same pair and
session. Working alone will not get you far. You need help from other traders
and your mentor to succeed in Forex. Ask questions, write pdf’s and do
simulations together. "You don't have to be great to start, but you have to
start to be great." – ZIG ZIGLAR
Go from step 1 to step 2 and don’t try to jump from step 1 to step 5. The higher
you will try to jump, the harder you will fall. Keep it slow and steady.

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4. DEVELOPING A STRATEGY

I have seen many people flipping accounts on simulation. Then they will be
all over the place: look I killed the simulation, I took my 100 USD account to 7
figures. But when they trade live, they even fail to end up in profit.
Let me tell you this:
- If you can’t risk more than 5% capital on a live account, then you
shouldn’t risk more on simulation;
- If you can’t hold a trade for longer than 1 hour on a live account, then
don’t do that on simulation;
- If you don’t trade the Asian session on a live account, then don’t do that
on simulation.
Treat backtesting as if it is your live account. Your emotions and risk
management on simulation should be the same as your live account. If your
results on live account are different than simulation, you are doing
something wrong.
During backtesting/trading, it is very important to understand who you are
as a trader and what’s driving you.
Identify your strengths and weaknesses on charts and in your brain.
Recognize what you are doing wrong, then completely stop doing it.
Recognize what you are doing right, then keep repeating that over and over
again. Document everything so that you can keep looking back to get a better
understanding. That’s how you develop a strategy.
"I fear not the man who has practiced 10,000 kicks once, but I fear the man
who has practiced one kick 10,000 times". – BRUCE LEE
As a trader, you should practice the same way. You don’t have to sit all day
behind your computer. All you need is 1 pair, 1 session and specific pushes
which are mostly during the session open. Backtest only these specific
things with ‘YOUR SPECIFIC SET-UP’ for 1 or 2 trades maximum on daily
basis. This will help you to achieve better results in the future and this will
also reduce your charting time. In chapter 14, Alex Hill will talk more about it.
EXTRA TIP: NEVER FIGHT THE PRICE ACTION

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5. STICK WITH YOUR STRATEGY

When things get tough after a few losses, people completely change their
direction. They want to avoid the pain after losing a few times with one
strategy. Then they keep going round and round looking for the holy grail.
Rather than to avoid the pain, push yourself to stick with a strategy that suits
your personality and understand why that strategy works. Do not deviate
from it and just let it run. If you find yourself feeling uncomfortable over a
longer period of time, rather than deviating from it, add another strategy to
diversify. For example, start using the EMAS.
But before you even trade, you need to understand why your strategy will
make you money. If you are doing 10 different things and you have no idea
why is it making you money, you have to stop it. Because there will be a time
soon when the same strategy will not make you money.
Sometimes people lack discipline, because they are not aware of what their
strategy is. How can you be disciplined about something when you don’t even
know what the rules are? Discipline is something measured up against your
goals and measured up against the points of responsibility that you are
taking.
Whenever you want to start trading live, ask yourself the question first:
WILL MY STRATEGY MAKE ME MONEY?
The answer should be a 100% YES and not MAYBE. If you aren’t sure, then get
your ass back to practice. Because you don’t have enough skills yet to
succeed.

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6. TRADE WITH MONEY WHICH YOU ‘CAN’ AFFORD TO LOSE

Many of us have this thinking before going live: I’ll just give it a go and then I’ll
see what will happen. Keep in mind that if you can’t trade with a 100 USD
account, you won’t be able to make money with a 1.000 USD or even 10.000
USD account.
Always start with a small amount to see how it goes. Use small and fixed lot
sizes in the beginning. Once you see progress then slowly start increasing
the lot sizes. Trade with discipline. Decreasing and increasing lot sizes
randomly is not the right way to grow your account.
Trade with money which you can afford to lose. If you don’t have enough
money, then wait until you have enough money. Please don’t borrow money
from someone else. That will put extra pressure on your shoulders to
perform. Just find a job. Meanwhile, keep backtesting your strategy.
If you keep trading with money which you can’t afford to lose and you aren’t
profitable, there will be a time soon when you will fail to pay your bills. It
comes down to the responsibility of a person. It’s important to make things
easier for yourself, those things that you ‘can’ control. In that way, the
probability of success will increase.

MONEY AIN'T A THING,

WE THROW IT OUT LIKE RICE?

YEAH RIGHT, SHUT YOUR PIE HOLE

RIGHT FUCKING NOW!!!
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7. TRADE LIKE A PROFESSIONAL

Trading is not about being right or wrong. It’s a probability game. And if you
think that you will make money every single day, you have a wrong view of
trading. The market is designed to cause traders to do wrong things at the
wrong time. The market makers always look to hurt the largest amount of
retail traders. It’s not that the market is against us. The market sets us
against ourselves. This is why it is very important to be aware of the errors
you might make during trading.
WORK WITH PREDEFINED RISK: do not enter with a mindset that says: this
trade is going to pay my bills. But enter with a mindset that says: I am willing
to lose a maximum of this much percentage. When you are already prepared
for something bad that might happen in the future, it hurts less than when
you aren’t prepared.
If you are unsure of a trade, it’s better to miss an opportunity than to have a
loss. Not every single day is a trading day. A day without a trade is a day
without a loss.
Change your bad habit of not willing to lose. Cut your losses and move on.
Just because you don’t have a boss who will fire you for being careless, it
doesn’t mean that you can be careless. Always protect your capital and use a
stop loss. Avoid revenge trading and overtrading to risk more capital.
As for holding a draw down, it starts to damage you mentally first and then
your account. Losing twice with 10 pips stop loss is still better than holding 20
pips draw down. Because with a 20 pips draw down, you are expecting an
unrealistic 30 pips move for 10 pips profit. The times you lost twice with 10
pips stop loss, gave you more trading experience. The next trade will have a
higher chance of success if you take the time to study your losses. But if you
keep holding a draw down and refuse to be realistic, how long will your
account last?
LIKE THE GREAT RAKEEL SAYS: the only way you can lose money in Forex is
when you overleverage your account, when you overtrade and when you
hold a draw down. The leader board of Traders Domain is a good example.
There are really good traders there, but the most traders fail to fix the three
things Rakeel talks about. Those who can fix these three things have a bright
future in Forex.

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8. IT’S ABOUT WINNING THE WAR AND NOT EVERY BATTLE

There isn’t one bad event in your trading career that will take you out of
trading in general. Understand the highs and lows of this business. There will
be times when you will feel like walking on water and there will be times
when you will get slammed hard. Just take a step back after a loss. Do
something nice for yourself. Get mentally settled first. Maybe it’s not your
day today.
You are not going to give up after one battle. Or act crazy after one defeat.
You don’t lose confidence after one battle. EACH LOSS IS TRANSFERRED
INTO THE NEXT TRADE AS EXPERIENCE.
It’s not about losing the battle. It’s about winning the war of consistency.
Learn to accept the randomness of the results in order to become
consistent. Believe in the risk and manage your expectations. The more
expectations you have, the more the losses can hurt you and your account.
Avoid the disappointment by accepting the risk.
All you can do is to identify the best place on the chart where you might have
a small edge in the market, put on the trade and open yourself to the possible
outcomes.
As for entries, avoid shooting yourself in the foot. Wait for the green light
first. Make a plan and take money when the market makes it available.
Patience is not the ability to wait, but the ability to keep a good attitude while
waiting.
Focus more on being profitable on weekly and monthly basis instead of
focusing on winning every day. That will help you mentally to stay calm when
you have a losing day.
Don’t be greedy in growing account and pay yourself on time. Don’t focus on
cutting losses only, but focus on taking profits as well. Withdraw money
every few weeks. You deserve to be paid after all the hard work.

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9. HOW TO MASTER FEAR AND EUPHORIA –
TRADER PSYCHOLOGIST RANDE HOWELL

FEAR
First of all, you have to understand that you don´t have emotions. The
emotions have you. Emotions allow you to coordinate the market as a trader.
Emotions are about action.
When your brain senses FEAR, it figures out a way to avoid fear. It locks fear
in a pattern. The pattern becomes literally the way you see things. You don’t
even have to think. It actually creates the kind of thinking that you do. It has
no interest at all in your thriving. It has every interest in your surviving. Then
it automatically limits the possibilities that you have.
The programming of your emotions in your brain creates short-term
strategies for survival, and not long-term benefit. It creates a comfort zone.
The moment you try to get out of that comfort zone, it will pull you back in.
The psychological demons are going to stalk you in trading. You can't avoid
them. Understand that you and your thoughts are not the same when you
sense fear. As long as you don’t realize that, it’s not you who is trading. Your
thoughts are going to be in the background to hijack your brain to cause
problems.
In order to succeed in trading, you have to learn to master the demons inside
your mind. You have to become the hero inside your mind to develop yourself
psychologically. It’s about Isolating the voice of fear.

PERFORMANCE VERSUS OUTCOME

Trading is about probabilities. You have to accept that you are not always
going to win. You are going to be wrong a lot of times. But what you can do is
bring your A game every time you trade.
The desire to win has to become the desire to perform. Get out of your
comfort zone and take action in case of fear. Take the urgency to perform
and add patience to it. Remove the ego of being right.

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Don’t worry about what’s going to happen next. Stop wishing and hoping.
Focus on what you can control which is performance and not the outcome.
The mind that you bring in to focus on the performance, has the edge.
Successful traders know when psychology gets out of the hand. They control
the process of performance. They know if they perform well, they will have
an edge in the market to make money. They wait for the price to come to
them. They have the patience for it and they take money when the market
makes it available.

IT STARTS WITH THE WAY YOU BREATHE

When fear kicks in, it will tell you that bad things are going to happen. Your
brain wants to get in control of the outcome. Anticipate the moment when
emotions kick in and maintain calmness through breathing.
Watch the way you breathe. That's where it starts to mess things up. Once
you start paying attention to the way you breathe, you don't react to it. You
breathe through it. You stay with it and then it floats away. That’s how you can
calm down your body.

LOOK INTO THE DOOR OF YOUR MIND

Once you have calmed down your body, you automatically calm down the
emotion and the mind. That allows you to get to the door of the mind.
Once you are able to look inside the door with a calm state of mind, you will
realize I didn't even know there was so much mess in there. You will begin to
see the lurking hidden beliefs that had been torpedoing. Your trading mind
has been torpedoing and sabotaging your best laid plan of becoming a
successful trader. You will say oh there is a lot of mess going on and I’m
going to do something about it. That’s how you get to the bottom of emotions.
You start to reinvent the conversations in yourself. Coordinate the activity to
manage uncertainty. Understand why you rebuild it. Retrain your mind so
that it is more probability based and not focused on being right.
Don’t run away but master it. In that way, the gasoline is no longer going to be
placed on your emotions. The emotions are no longer going to hijack your
mind.

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PRACTICE MAKES PERFECT
No, it does not. Practice makes improvements and that leads to increased
opportunities. You catch yourself long before you are in the emotion. You
learn that skill by practice and you demonstrate that skill under pressure.

Realize that there is always going to be a struggle and discomfort. But you
find a way to deal with it. When you get into a situation, you bring in the new
mind. A mind that engages the uncertainty.
You try to become mindful. You learn to see where your emotions have to
improve. Only that way you take care of your certainty. You can’t control
vulnerability but you can control the mind you bring in. That mind
overpowers uncertainty.

EUPHORIA
When you win a trade, your brain automatically starts to focus on the new
opportunities. Your brain will say oh what a successful trade, I like that. I
want more.
You are overexcited and your brain starts to say oh another win is right
around the corner. I know it’s right around the corner and it’s going to be as
easy as the trade I just won. The overexcitement turns into the hurry to win
more. Then you end up overtrading without doing proper analysis and even
end up chasing losses.
Feeling good should be over after your daily/weekly goal is hit or whatever
your trading plan allows. When you notice euphoria, you also calm it down
with breathing. Look into your brain and see what is going on. Recognize that
the trade is gone. You know that it’s not good to trade with greed afterward.
So manage it on time. You need a patient and disciplined mind in trading

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10. REMOVING NEGATIVE EMOTIONS –
MENTAL GAME EXPERT JARED TENDLER

"The farther you fall from a mountain, the harder it is to climb back up to the
top. The quicker you can catch yourself, the easier it is to climb". Trading is
the same. The quicker you understand and correct your errors, the easier it
is to survive and grow.
Before we discuss how to correct your errors, you have to understand how
the process of your brain works.

LOSSES CAN SHUT DOWN YOUR HIGHER BRAIN FUNCTION

After a loss, your emotions are super high and your performance is going to
be super bad. When your emotions rise too high after a loss, they have the
power to shut down the higher brain function. When the emotions rise high, it
starts to eat away the number of things that you can think about.

The strength of the thoughts after a loss turn into action. Even though you
know that you shouldn’t be trading at that moment. And yet your hand still
moves over and clicks Buy or Sell. Or you even take a full margin trade.

Then you are wondering how did that happen. It happened because the
emotional system has become overactive and it has decreased the strength
of your mind to take that thought and turned it into action.

For example, the fear of loss turns into the need to win after a loss. You have
no control over it. The moment you realize that, you have already entered the
market again. Your brain reacts a few seconds too late. That is the main
reason why you should remove the emotions after a loss.

PROFITS CAN TURN INTO GREED

Even when you deal with profits. You are really excited, actually overexcited.
The greed takes over and your brain starts functioning the exact same way
as it functions after a loss. The greed eats away the space of satisfaction in
your brain. Again your hand moves over and clicks Buy or Sell.

Win or lose, high emotions can affect your account balance equally. This is
why you can have all the technical expertise over the years matching it with
your senses of the market, you will still make lightning-fast decisions
without even thinking.
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WHAT CAN YOU DO ABOUT IT?
IDENTIFY WHAT IS BLOCKING YOU FROM ACCEPTING YOUR LOSS
Start to study the emotional reaction you have throughout the whole day.
Because many traders have a very poor knowledge of their emotional skill
set. For example, they think that they are frustrated after a loss. But in
reality, they are scared or have other issues.

A TICKING BOMB
Understand your emotional reactions better. Understand better what’s
triggering your emotional reaction. Once you understand those emotional
reactions, you are automatically going to correct them in the future.

It’s like a ticking bomb. You are actually defusing it. The bomb is still going to
be there. But it is not blowing up, because you have defused it.
But if you leave it as some rough idea why you reacted in a certain way after
a loss. It’s like throwing sand over a ticking bomb. I’ll let you decide what’s
better, defusing the ticking bomb or throwing sand over it.

WRITE DOWN YOUR EMOTIONS

You might have an idea about what your problems are. But as long as you
don’t write it down, you will never know what exactly stops you from
accepting your loss.

A trading error is mostly caused by a mental error. Start identifying the

specific errors you have in trading, Those trading errors may give you an
indication that those specific errors give you too high or too low emotions.

Write down the things in which you most suck. It’s easy to say: oh the market
went crazy or that only happens once a month, not a big deal. The problem is,
by not fixing those mistakes, you are limiting your ability to progress in
trading. Not to mention the amount of money that has been lost there.

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HOW TO STUDY EMOTIONS
Take daily notes during trades. Take one minute every day to write down the
specific thoughts you had in your head around the time you made that
trading mistake and your emotional reaction if you sense that something is
going on.

Sometimes the emotions are felt into your body. You will find yourself
clenching your fist, your face or shoulders might get tensed. You might be
leaning towards your monitor or you might be leaning back. Fully map out
the emotional and behavioural reactions. Write down the trading mistake,
the thoughts and reaction you had around that mistake.

Give a look at it after your trading day and keep track of all mistakes. Just
like how you are looking for the patterns in the market to exploit and make
money. Look to exploit by where your knowledge is lacking and be able to
make some corrections.

By reviewing those mistakes, you will realize how costly those mistakes are.
The awareness of your mistakes will give you the opportunity to make
corrections.

UNDERSTAND THE EXPENSES OF THIS BUSINESS

You may have an anger issue, but as you grow your account, you may face
fear. Sometimes people forget to set new goals as they achieve their first
one or two goals. The mental game is always something to be aware of and
to be focused on to improve your decision making.

You need to understand that the mental issues can turn into expenses issues
after transferring into a loss. Understand the expenses of the business as
well, not only the profits.

ACCUMULATION OF STRESS
When people have stress over a longer term, they try to do something nice
for themselves. For example, you can have a nice steak for yourself. But are
you going to get rid of those accumulated emotions which you have since a
long term? Probably not.

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Emotion accumulates over time. A brain is like a stomach, it digests the
emotions. This is the reason why people wake up pissed off on a random day
and they don’t understand why they woke up like that. In that case, a journal
of emotions will also help. The idea is to get those emotions out of your head
by writing them down in your journal.

Keeping things inside your head is not a good thing. Plus it’s hard to talk to
family and friends about trading. They don’t understand your emotions as a
trader. But when you write it down on a paper, you give yourself a record of
the emotional reactions that are occurring. That becomes helpful when you
take a look at it: why am I getting so angry or frustrated? By reviewing your
emotions on time, you are preventing your stress from accumulating.

ACCUMULATION OF STRESS DUE TO A NON TRADING MEMORY FROM PAST

If you have had a bad experience with something else in life. Then you might
even deal with a larger version of accumulated emotions which might
trigger after a loss. In that case, you aren’t dealing with a fair situation.
Because your past is living in your mind at that moment and it quickly
disables your brain to think clearly.

To prevent that unfair situation, make sure to let your feelings out regularly.
Talk to a close person or write down your emotions on a paper. You will feel
more relieved.

WHEN BAD EMOTIONAL REACTIONS DON’T STOP

If you keep dealing with the same bad emotional reactions after trading
errors, that means you haven’t dealt enough with those emotions.
Understand your weaknesses. Understand what you can expect from
yourself and the market. But be realistic.

UNDERSTAND YOUR A GAME

Always understand what your A game is and always understand what your
biggest weaknesses are. Whenever you are analyzing a pair, you will be able
to correct yourself before you even make a mistake. Because you have
mastered those emotional errors by identifying, writing down and reviewing
them before.

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FOCUS AFTER A LOSS
Only forcing yourself to focus more doesn’t automatically mean that you are
going to make good trading decisions. What you may want to do is, look for
typical mistakes that you would tend to make at that time.

Recognize that your focus has dropped and turn off your trading platform.
Take a couple of deep breaths and remind yourself of your goals. Push
yourself to be more focused and remind yourself of some technical
reminders so that you can make a beneficial decision.

EXTRA TIP: If you have a video camera, record yourself while trading. When
your emotions rise high, you will be able to look back to your behavioural
reaction. Once you get to see how bad your behavioural reaction is after a
loss, you will automatically learn to control yourself the next time.

It’s on you how to translate everything you just read, into your trading plan.

KEEP A JOURNAL AND

WHETHER IT IS ABOUT EMOTIONS

OR SOMETHING TECHNICAL
IN TRADING.

THAT IS HOW YOUR BRAIN

CAN GROW STRONGER.

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11. WHEN YOU FEEL LIKE GIVING UP

"Regardless of what challenge you are facing right now, know that it has not
come to stay. It has come to pass. During these times, do what you can with
what you have, and ask for help if needed. Most importantly, never
surrender. Put things in perspective. Take care of yourself. Find ways to
replenish your energy, strengthen your faith and fortify yourself from the
inside out". – LES BROWN

This is how you can calm yourself more with meditation:

 Find a comfortable place to sit straight or lie down in your bed on your
back (soft pillow recommended);
 Put your hand on your chest (a bit below your neck and in the middle);
 Play this music: https://www.youtube.com/watch?v=Ugsr7vK-BQ8
 Close your eyes and take a couple of deep breaths;
 Calm yourself down. Tell yourself that everything is going to be alright;
 Tell yourself that this is another lesson. You don´t lose. You never lose.
You either WIN OR YOU LEARN;
 Remind yourself of your goals, how important they are for you and
your close ones;
 If you feel like crying. That’s even a better way to relieve your pain.
Nothing to be ashamed of. We are humans;
 As the music keeps playing, you will notice within 10-15 minutes
(average) that you are a lot calmer.

Once you feel better, then watch this video to focus more on your goals:
The Lion Attitude (HEART OF A LION) Motivational Video:
https://www.youtube.com/watch?v=tiMY7-h3xnE
When you get your motivation back, go through your journal to see what your
strengths and weaknesses are in trading. Talk to your mentor or some
trader who will help you. Maybe you need to practice more.
Good things will come to you sooner or later. All you need to do is keep
working hard and don’t give up! You deserve the best that life has to offer.
You deserve to find your purpose in life. Always believe in yourself!

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12. FINAL NOTE FROM ME

Focus on your journal more than you focus on your image on the social
media by showing crazy entries without any explanation. Get a better
understanding which information a journal requires. Take a look at the IG of
@EMASDONTWORK, @WICKSDONTLIE and @ALEXHILLFX.
Your journal is the backbone of your trading. Document everything so that
you can look back to work on your strengths and weaknesses as a trader.
The more realistic you are, the more money you make.
Once you stop losing money and you are actually profitable, that is called
success. But if you don’t even know what your strengths and weaknesses
are in trading, how will you succeed? Think about it.

YOUR ACCOUNT IS A REFLECTION OF YOUR SUCCESS AND FAILURE

Take a look at your trading account. What is it doing? Do you see more profits
or more losses? Do you see a positive growth or a negative growth?
If your beliefs are right in the way you are trading, your account should be
showing positive growth. If your beliefs are inaccurate, it’s going to show
more losses than profits. You need self-justification first in order to succeed.

BEFORE I ENCLOSE
Learning and performing in trading are two different things. In order to
perform you have to change your bad habits.
Most people talk about changing all day long, but in reality they don’t change
because they are lazy and ignorant.
They say: yeah, yeah, yeah, I will get there one day. One thing they can’t do is
develop themselves and change themselves. That’s why they fail.
They live in the concept that if we can only find a way not to be wrong, we will
be profitable. That’s not how it works in trading. 

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13. FOREX6GOD DROPPING DISCIPLINE BOMBS

PSYCHOLOGICALLY DISCIPLINED
ARE YOU?....like ask yourself this every time you enter the market.
What is it, ask yourself what is being forex disciplined means to you as a
trader.
Why you should be, outline pointers on why you should BE disciplined
psychologically while trading the markets,
What is to be disciplined? Does your daily career reflect the true disciplines
of a trader? Does it?
How to achieve that? Dive deep into my thoughts and find out, read it and
keep it in you, develop a character out of it, and make it your life.

HOW TO BE PSYCHOLOGICALLY DISCIPLINED:

There are three things I look for when I talk about discipline.
 DISCIPLINE;
 TRADING PLAN & JOURNAL;
 PATIENCE.

DISCIPLINE, TRADING PLAN & JOURNAL

As Mark Douglas stated in his book “trading in the zone”, “in an environment
where our lives have been conditioned by rules, it becomes very hard for
people to be disciplined enough to follow rules created by themselves,
because the forex market is a free environment without any rules. So people
come in and they are required to create certain rules and abide by them,
I see a lot of people come to me asking for a perfect strategy, but no one
really is focused on being diligent and what steps traders should take apart
from having a strategy, being disciplined in using the strategy and
maintaining proper risk and money management. So when I talk about being
psychologically disciplined, I am talking about understanding that you
cannot tame the markets, and that the market doesn’t owe you shit,
understand inherently that the market can change your life or destroy it

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completely, and that anything can happen at any given time. So between you
and your life goals, is a chart, a stream of opportunities. You should therefore
approach it with a plan and a strategy on how you will be having an edge over
the market.
ALWAYS keep in mind that every trade is unique and different and so you
should be able to adapt to the ever-changing conditions, whilst maintaining
the same risk and money management, you should be disciplined enough
not to get the euphoria of winning trades and forget what it takes to keep the
consistency going,
Every day should be routinely done, this is outlined in your trading plan. This
is the blueprint of your trading career and I focus on this so much, everyone
who has come across me attests to this.
Having a trading plan and a trading journal will help you in assessing your
trading career, it identifies your strengths and weaknesses, with it you will
be able to see your growth as a trader. Kindly maintain strict observation of
the two.

PATIENCE
So I see this thing happen a lot, sometimes it happens to me,
Let’s look at this example of a trade I took, it illustrates what 80% of traders
do all the time, it shows how impatience kills accounts.

So in this trade, I did not wait for my confirmations, I had waited for this trade
for some hours and when momentum kicked in I took sells, I was not patient
enough to wait and let the trade come to me.

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If I had followed my simple rules on my plan I would have made a killing,
price hit my SL and then it tanked, and sadly most people do this day in and
day out, then they blame the market for going against them all the time, but if
they follow their laid down rules, the road to consistency won't be far away.
You must be committed to the course and never rush the process, if you are
still studying, take it at your own phase, and if you are trading profitably,
never fall into the hype that promotes reckless and unprofessional trading
habits.
Have goals that need smashing, small term, and long-term.
So ask yourself, what is the catalyst? Am I really into this? Will this be
something that I will do forever? Will trading achieve the life goals that I
need?
All these can be answered in a nutshell, but I beg to differ, why? Because
these answers need work! And by doing the work I mean having the
psychological discipline to keep and maintain the rules guiding your trading.
In the end, you will know the outcome of your true answers.
Learn to view your trading as a legit business rather than a try-out or a get
rich quick scheme.
So by viewing trading as a business, you will acknowledge your financial
capabilities and risk tolerance, look at yourself as a hedge fund, will your
company trade the way you do?
The answer is a definite NO!!!
So why should you become reckless in your own trading!!.
Have realistic goals and a percentage growth, furthermore, have a clear
direction on where you want to be in the near future and later on as a trader.
And lastly, when you take a loss, apart from it being within your risk. Take it
as an operational cost in your business. Analyse it and learn from it then
move on.
Always be innovative and seek ways to improve your trading and make it as
smooth and have it work seamlessly. Make every trade a learning process
and add to what you already know. If you do all these you will surely have the
edge over the market.

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14. POSH GIVING BITCH SLAPS TO UNDISCIPLINED HOES

You may hear many of the Forex Family talk about how simple Forex can be.
Well, that is not a lie. It can be fairly simple. Personally, I am a huge believer
in doing one thing very well and a fan of repetition.

Those who follow me on Instagram, will know I am a man of routine. For

example each morning I train at the gym I have been at for 3 years. Park in
the same space, if I cannot park there I will wait. Come home by latest 11am
UK and trade the NY or Pre NY push until 2:30/3pm and close my laptop. That
is my day to day life. It has to be like that for me to make pips, that is just what
works for me.

I get asked daily why aren’t you trading this time or this pair. The answer is
simple, I have a plan, if I deviate from doing 1 thing very well I take L’s. No
rocket science. L’s galore for being a bitch and trying to be a jack of all trades
and pairs.

Do you think that Ronaldo, Messi, Hazard or any other known superstar
footballers play out of position? No, they play to their strengths and do one
thing very well. Same concept in Forex. Do 1 thing to the best of your ability in
your strengths and nothing else.

This is all around discipline. I am asked so often, “why I am not trading on

Monday AM or Friday PM?” It again is simple, the market is gearing and then
winding down at these points so it wouldn’t make any sense for me to be in
the markets at these times.

Discipline has to be mirrored not only in the times of session you are trading
but how many times a day you are trading. Think of things in probability. Each
trade of course is 50/50 right?

It is always a buy or a sell, nothing magical about that. But the volume of
trades will dictate how many wins or losses you take. If you trade 10 times in
a day that is 10 opportunities for things to go against you and should not fit
your plan. 10 times in the markets increases your chances of being fucked
significantly. If you want 5% gain or 5% account recovery per day, that’s
doable in 1 trade maybe 2 at a push.

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I am a firm believer in doing 1 thing well and call it the Rule of 1. This should
allow people to focus on discipline by using this as a protocol. I advise my
students who are looking to gain consistency to implement this and have had
a decent success rate by doing so.

IT IS ABOUT THE RULE OF 1.

1 type of set up (could be EMA magnets, wick fills, Supply/Demand limits)

1 Session
1 Pair
1 Time Window (e.g. 9am-11am)
1 SL & TP (SL not to be moved unless into profits)
1 trade per session

All this leads to is 1 month of data. If you can do the rule of 1 protocol for 1
month in total and journal every single trade you do. That is where you can
achieve a pool of data to iron out the kinks in your trading. Without a pool of
data that is significant, such as a month or a few months you don’t get a
larger enough view of what you are doing well/not so well.

If you cannot just do 1 thing for a month then you are going to struggle to
trade. Fact. The problem people have is they don’t have the time. Do you have
let’s say 6-12 months to actually make little to no money from trading?

They have the urgency of the pound or dollar signs and forget the process.
Do you think that if Forex was quick and easy the world would exist how it
currently does? Nope. The man who serves me in my local coffee lounge
wouldn’t be working as he would be mashing GJ like the rest of us. Not
everyone will trade because it is difficult as a skill set.

So that is my take on creating discipline in your trading. Give the Rule of 1 a

try and feel free to contact me with your pools of data I don’t mind sitting
down to review them with you.

Remember, it can all be so simple but people like things to be difficult

because as humans the sense of achievement will be greater.

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CHASING LOSSES
As this links well with discipline I thought it is important to address L’s. Now,
this is an obvious topic but hell people just disregard it. As I often allude to,
Risk v Reward is vital. As the better your risk reward is the lower your win
rate has to be to maintain profitability. With that being said, people don’t like
losing. I can understand, it makes you feel like you’ve fucked up or missed
something or made a mistake. As humans, we hate being wrong. I know I
sure as hell hate it. Ask my girlfriend she will tell you, I have a fairly hard
time admitting my faults in a day to day life. We all like to think we are
perfect!

Having the win ratio in mind is good as everyone wants to say in their
Instagram Bio “80% win rate, Trade like a bank, King of SD blah blah.”
Everyone wants that pedestal. Why? People like to look good on Instagram.
Everyone wants to be somebody on IG. It is true, I love when my posts look
ace and get interactions and help people out. I have been off IG properly now
for a couple of weeks, posting less, just using IG stories because Instagram
can actually have a negative impact. The amount of pips I have probably lost
trying to get screenshots before closing a trade could be scary. Especially
with our good friend GJ.

Life is always talked about in wins. Think about Music for a second. DJ Khalid
has a track called “All I do is win”. Why doesn’t he talk about the L’s he has
taken in years gone by? That is the problem. Nobody is actually interested in
that. It wouldn’t sell records. Because everyone likes the finished picture,
not the come up or ‘’grind’’ to maintain and build yourself and craft in
whatever it may be. But the sad reality is, I take L’s also. Sometimes 2/3 per
week on average sometimes more or less. It really doesn’t matter. I know I
have to take them. It is a cost of doing business. As a Trader, you actually
have BARE Minimal overheads. Wi-Fi, Office Space (until recently I’ve had a
home office so that’s just temporary) and a laptop. That is it. Think about it in a
more positive way and it will keep your emotions in check.

To end I have an anecdote of my own from when I was trading quite early on. I
had a streak of 18 days with no losses. Let me tell you, I thought my dick had
grown another 6 inches. I was carrying myself like a hero around
everywhere I went. I was really feeling myself. This was a time when all I
traded was London open because I liked to get up and get my trading out the
way, almost like a chore.

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Day 19 came around and I did the same thing as normal, loaded the charts,
did some analysis and took positions on UJ for LDN Open. Soon as we
opened I went into draw down of a couple of pips. For some outrageous
reason, I thought okay well let’s just widen my SL because “I know we are
going up”. Man, I needed a slap. So I did and continued to widen SL for the
rest of the next hour or so. By the time 10am rolled around I was in a 30% DD
of my account. At the time wasn’t really a lot monetary wise but I worked in %
and still do to this day. What a dumb fuck thing to do right? Yes, I was a fool. I
had a shower and closed my positions and took that on the chin. I remember
saying to myself “You don’t actually know where price is going, nobody does.
The only thing you do know is that your analysis is usually good but your
entries need work, this time was analysis issue but not every loss is this
way”.

So for the next three weeks, I took it on the chin and said, I can’t be doing
anything like that again. If I did I may swell just withdraw my money and have
a bonfire with it. With that in mind, I then worked on recouping for the next 3
weeks at a much slower pace than I would trade normally just so I was back
on a level playing field. How scary that days of gains could go out the window
within an hour? Welcome to Forex people. To this day I have never done
anything remotely similar and I genuinely did learn from this. I now often
slap people who don’t use SL and use Mental SL because for me that burnt
me hard. Mental SL can always change as psychologically we always expect
we know better.

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 MR. ANDY BURGUNDY

NOW, WHICH ONE OF YOU PIPE HITTING BITCHES STILL

THINKS THAT PSYCHOLOGY ISN’T IMPORTANT IN TRADING?

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