How emotions influence your trading performance | At the Table #10

How emotions influence your trading performance | At the Table #10

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all right guys welcome to another episode  of at the table by urban forex my name is   navin prithyani and today we have a topic  about emotions while trading specifically   talking about when you activate a trade how your  emotions can get riled up so i've invited some   of the regulars to the panels so here with me  today tuning in is lucas han lucas if you can   just give us a little background about yourself  hey everyone i'm lucas han and i'm tuning in   from kuala lumpur malaysia and yeah i'm  one of the prop traders in urban forex and   yeah nice to see everyone here awesome awesome  we also have ian scarrott tuning in in hey   everybody just i'm tuning in from east coast of  australia i'm also on the platform with lucas   i just thought i'd stay up a bit late and talk  some emotions with all you fun gentlemen here   yes yes yes that's what it's all about today we  also have doctor operations of urban forex we have   armand in the house armand if you can introduce  yourself hello i'm armand and i'm tuning in   from thailand and yeah i run operations and i make  sure everyone's happy both on the team and all the   students and especially for this webinar i have my  tissues ready because it's going to be emotional i think a lot of our listeners are probably at  this point ready to to have tissues ready like   every episode is like oh no what are they  gonna tell me what's wrong with me now like all right all right so so to start off with let's  start off with a couple of announcements i wanted   to make actually one major announcement i wanted  to make so today we had released episode four   of let's take a minute and everyone's favorite  character raju so that one's been released today   you are able to now watch it on our channel  on youtube or on igtv on instagram or on our   facebook page so you know you can head out there  and look into that is now available people were   very happy with raju with an r being  back there's a lot of people saying   that but loads and loads of people are also  sharing it with with all their friends so   yeah i'm very surprised by the number of comments  on that thing like it just just keeps coming yeah he's probably more popular than you are yeah i  i i can feel that i can feel that like i'm like   not to find a way to kill  raju so i can i can live on   i think we get more questions on the  support side from asking about raju   nowadays yeah yeah oh well he's  definitely a lot more popular than i am   speaking speaking of roger like what menu came  up with this character in the first place like   how did it all came about if you're asking if  it's if it's my alter ego or my you know split   personality no that's not the answer like it's so  it was sometimes last year you know early times of   covet is when i actually you know was talking  with rmo about it that everything that i tune   into online is very gloomy and sad and everything  like that like and i'm watching my friends and   family members also around me during the times of  covet everyone was just down constantly down and   the whole topic on their mouth was when is this  gonna end i hate this i hate that so it's like   even watching tv shows it was quite boring  because it was very serious and every episode   sort of like spinned off into covid so i wanted  to switch things up a little bit i wanted to   make a character that we can all laugh at or  upon you know it's me and it's fine for me and   and i wanted to bring a character we can all  relate to because every episode that we make we're   on episode four now but every episode that we make  sort of has this message to it of how what traders   actually go through and what they experience  in a more comical way in a more comical way so   that's how raju came about and the accent and all  that just just i think i had that in me anyways   because i think when i was younger i had that  accent so it just probably just came right out   yeah i think a lot of people recognize certain  aspects of the mistakes raju makes certainly   for me personally even you know the one with the  stop-loss i'm you know guilty of that at least   once or twice in my life so i think it jives  really well with people yeah yeah i think it's   it's a great character to relate to and show  his journey that he's going through as a trader   yeah yeah so episode four is out so if you have  a chance do have a look it is available again on   youtube and on ig tv if you're on instagram also  on facebook so you can pick up on that so yeah   it is me being goofy and being nutty not afraid of  your image yeah no no i get this a lot i've seen   a few comments also saying navin you shouldn't do  stuff like this it doesn't suit you and stuff like   that the the thing is i don't have a problem with  that personally you know many mentors in the forex   industry their whole focus is i gotta look cool i  gotta look cool i gotta look serious i started the   whole urban forex you know back in 2009 with the  whole idea of of finance is way too serious and   hence the the ability to simplify things bring it  in a more fun and more comical way is is what you   know it's all about so and i'm very comfortable  in my own skin that i have nothing to prove   so you know if you know people laugh at that then  or at me that's fine like i'm very okay with that   my whole thing is not to show who i am but to give  you a better experience right give the audience   a better experience in their education and their  learning in their process and that automatically   makes me the teacher or the mentor i am you know  and a few good laughs right and a few good laughs   i personally have a good time doing it so the last  episode i did like 40 takes on one of the scenes   and because the person recording kept giggling  the whole time when they were recording it and   i couldn't stop laughing looking at them laughing  and it just it just took forever to record so it   was a lot of fun lots of fun i think it was all  worth it it was really good i think so too i think   so too you know i i always relate to the feedback  and comments once the audience watches it and   replies back and and that basically shows me you  know if it's well received or not so yeah i think   it is we get lots lots of great comments from the  raju videos they're always excited whenever a new   one's released so yeah yeah yeah so but but i i  hope the message is taken away to don't be a raju   he's not the icon to become  he's an icon not to become like   yeah don't make those mistakes skip them if you  can definitely definitely so yeah there you have   it that's the announcement i wanted to make for  raju episode 4 it is out now so talking about   emotions so so in in this latest episode that i  made with raju i i wanted to show specifically   for this podcast and this webinar i i wanted to  show this notion of you can come well prepared   you can have all the right mindsets you can  do your affirmations in the morning you can   do your meditations you can say i'm gonna  do this i'm gonna do that i'm gonna do this   and then the moment you activate the trade it's  like you're no longer the same person anymore you   lose all hell breaks loose all hell breaks loose  there you go yeah i wanted to show that in the   episode and i want to now talk about it with you  guys is how do you guys relate to something like   that what is your experiences as traders that you  have been started your journey for a long time ago   what have you experienced with  this lucas we'll start off with you   sure well i can take it a step back and you  know before even getting in on the trade itself   this is speaking from my own experience sometimes  you know i feel that i'm entitled to have waiting   traits just because you know i've gone through so  many years of training you know going on a demo   account creating good results there you know  doing my research with all that work behind me   you know i feel that i deserve to the win that the  next trade is gonna you know be a winning trade   and sometimes that puts me in a bad  psychological spot because my focus   and attention all suddenly becomes i just want  to win whatever the cost and you know that kind   of mindset usually backfires and yeah that's  something i still deal with from time to time   you know on an emotional level so basically  yeah that's one interesting emotion that you   know i've recently encountered that i'm sure  some of you guys may feel the same way but   but when when you like for example when you  were first like let's let's put it this way   when you started to deal with these emotions that  came in once you activated the trade how long was   it before you started noticing hey i'm going on  tilt whenever the trade starts like does it take   a long time to reach that point did it take a long  at least for you did it take a long time to start   saying like sort of like looking at yourself  as a bird's eye views like what am i doing   or did it did it naturally come to you on trade  one trade through and you always knew it but you'd   never acted upon it i think it depends on how  good the weed is and how good the preparation is   if the preparation is you know absolutely then all  i'm thinking about is just trying to get a winning   trade in yeah as soon as i put on the trade i'm  gonna be thinking to myself what the hell did i   just do yeah i don't think this is gonna work out  well for me right right yeah okay all right ian   what about you what's your experience with trading  and emotions and all the baggage that comes with   it i guess hey good job that's the truth actually  i'll go back to kind of what you you brought up   to begin with like i think sometimes it's  overlooked like when you actually enter   when you actually get into the trade and and even  after i learned to do all the proper like the prep   like okay meditate i did all my research and stuff  but sometimes you know like when you get into   a trade it'll either there's two scenarios you  could have something come against you really hard   or you could have a trade that just blasts  off in your favor really hard either way   they invoke emotions in you and a lot of time that  might cause you to oh i'm going to scratch that   trade early i'm going to cut my profit short you  know because it's emotions that dictate driving   so yeah yeah so i learned i think through time  that in your plan it's important to have multiple   scenarios like planned out inside your plan if  you know what i mean it's like it could do this   what am i going to do it could do  that you know what am i going to do   and have that all in the back of your  brain so it's like you're not phased   as much you know like when you see those because  you're like oh i planned for that already but yeah   what would you say would you say many people  actually do that though where they plan for   the multiple scenarios because the excitement of  the opportunity is right there in front of them do   they do they have time to plan for scenarios  i know i'd probably not i oh oh there he is i thought you were going to give away like the  golden key and the big boy stepped in i just did exactly you know i i agree with you right there  when you say the the answer to all of that is   no but yeah so coming back to sorry i think  there was a little bit of a disconnect there so   yeah would you say the scenarios people generally  plan for and you know which what would you have   to say around the scenarios i i mean speaking  from personal experience i never did when i   first started i do now i try and plan for it now  but it's not something that you just naturally   i think do right like well i'm i'm trading  this direction this is my plan not many people   like kind of like think about both scenarios or  different scenarios they just have a one-track   mind right you know what i mean absolutely  absolutely yeah it's very very difficult   very difficult yeah lucas you were saying yeah i  actually want to dig deeper into that topic let's   say you do have a plan on different scenarios yeah  and then let's say scenario a happens but for some   reason whatever emotions is kicking in and you're  like i think i'm better than the market i think   it's still gonna work i'm gonna scratch this plan  just this one time yeah how do you counter stuff   like that i'm sure everyone goes through you know  stuff like that even though they have a plan from   a to z they stood up well that was the whole point  of this whole discussion right is to find out that   a person well prepared can be easily hijacked  once the trade is on right like the brain just   gets like taken you know suddenly you feel out  of control so much out of control i don't think   anything's ever guaranteed or 100 percent you  know with well with anything even with trading   so i think you just got to do the best you can  right and and then try and get better each time   make your plan a little better each time and then  i think you also learn from each experience like   maybe you do that what lucas just said  oh i'm gonna just do this this one time   you know and maybe that doesn't  work out then you learn from that   you know right right i think about that next  time so armand you haven't said anything yet   on this topic i'm guessing you don't have  any of those issues right and you're like   prop traders you know this is their problem not  mine i'm the guy with the biggest tissue box here   i think you guys the one thing that i want to  mention it's like the classic of of emotions and   trading and i think everyone will recognize  it and you guys have kind of built up to it   unknowingly and it's negotiation yeah so if you  don't follow your plan or you don't have a plan   and the market goes a little bit against you you  said oh yeah you know if it comes back to my entry   then i'll get out of it because you know at least  then i don't have a losing trade and then you know   it reaches your entry like okay it can still  work out now and then it goes to some area and   it's your target area well it can go a little  bit further right and then you you suddenly you   went from hope you go to overconfidence and fomo  and then the market crashes very similar to what   you know happened to raju basically and yeah  that's yeah the negotiation is it's a set of   different emotions and they all come into play in  one trade absolutely everyone will recognize that   there's nothing much i can do about that right  i'm asian negotiation is in my place it's just   part of the game negotiations right like yeah but  but you know in the webinar that we're gonna do   after this thing i'm gonna be talking about the  negotiation process so you know those of you   guys tuning in from spotify or itunes or anything  like that and if you want to watch this webinar   it will be in the description the link  to what's the recording that we've done   on on the webinar on trading with emotions  so i like how you say that armand about the   negotiation process it's a very important thing  because the negotiation is not set in analysis   it's sort of a something that just shows up in  your mind and says if it comes here i'll exit   if it goes there i'll take my profit like it's  just why did that number come it's just so random   you know who who made that number why did it  come last minute why did the plan change last   minute it's it's so crazy how the brain just gets  so drifted so easily yeah and then you don't even   follow your you know your new plan so you throw it  if you had a plan you throw it away now you have a   new plan and then you don't even follow that one  like what are you doing so we need to start a new   hashtag you know for for people who keep changing  their plan we need to call them forex planners   today i'm gonna trade forex  i'm gonna buy euro usd and   then actually i'm going to buy aussie  usd no no no swiss franc japanese yen so i think from from my personal experience  whenever i i look at a lot of the traders   there's so much knowledge out there there's so  much knowledge like you know i i can meet traders   and any topic i bring up they can quote things  they can show me the pattern they can show it to   me on charts they can give me a thousand examples  behind it but when we sit down to do a trade   and when i see them fumble between this to that  to switching and flipping and flipping i'm like   you know how to prepare you don't know how to  execute you're not a creator yet okay you are just   an educated person you're not a traitor yet and  that's the whole game of trading it's so difficult   right what would you guys have to say about that  emotions it's a whole different game between   knowing what to do and you know doing what  actually needs to be done yeah absolutely   absolutely and and we we tend to forget why we're  even doing this right it's like we get so caught   up into learning learning learning learning  learning that the whole focus goes on i wanna i   want this trade to be right rather than you don't  have to be right to constantly make money the goal   is to make money it's not to be right and i think  there are two different things that people don't   understand but on the flip side of things by going  into trading don't we learn more about ourselves   who we are as human beings how our brains operate  how our lives are revolved around the way we think   not around what life is throwing at  us it's how we respond to it right   yeah yeah it's really cool to get an answer  immediately to what to every action you take   you get an answer immediately and then that shows  you who you are and you know what you do and how   you do it absolutely you know you know we can you  know sit here and make quotes as well saying the   mother market will always do what it wants to do  it doesn't care about you you know you can do what   you want to do and if you're in the wrong side  it'll just run over you so trading is hard as is   but by getting fidgety once the trade  executes it will only make things harder   and why this is fascinating and why this is an  important topic is because there is this little   misconception of if you're well prepared  you execute the trade and then you go off   balance you go on tilt right like where your  brain is hijacked and you can't focus anymore   and then people just blame that on oh it's my  psychology you know it's like me saying hey i   didn't make money last month oh government you  know like i can sit here and complain all i want   but i gotta work on it i gotta work on it i can  you know you can blame anything technically oh   it says my table was pointed at the wrong  direction like what it's like focus on what   you can control right isn't that some spiritual  buddhist kind of approach yes yes everything is   in your hands at the end of the day and it's it's  how you approach it that makes the difference so   if you now recognize that once you take a trade  and you're getting out of balance well then do   something about it right like find help for it or  monitor yourself and do something about it rather   than saying oh i have a psychological issue you  know people might start thinking you're crazy i always do this you know like i always do  this you know you can't you can't talk like   that yeah the first step is to recognize  that you're going off balance and i think   even that first step is is often missed  but maybe we're getting ahead of ourselves   and this is part of what's supposed to be in the  webinar actually no but no but but that is correct   that is correct is the the ability to identify  that there's something wrong that's the basis of   any problem solving right first identify there's  an issue if you identify it hard enough you know   that's where the problem lies it's not your entry  it's not your trade management or your stop-loss   it's the moment the trigger begins and a little  movement in the market and the heart starts   beating according to how fast the market moves you  know it's like the market controls your heartbeat   it jumps apart your heart's like whoa whoa  whoa the amount of hair you have in your head so it's emotions in trading it's an evil on  its own but a nice one if you could manage   it it's fine yes yeah i know one thing  i used to do like with my post analysis   and like when i'm doing my all my my  videos i i would used to record myself   even while the trade was on it's just kind  of a little hack that for me you can listen   to yourself in the recording sometimes even like  once you enter the trade and then look back on it   when your emotions maybe aren't you know as high  and kind of see and you can recognize you have   a calm mind and you're like oh i didn't act so  well there you know or i handled that better and   just something to maybe try you know if that seems  to be an issue yeah yeah absolutely i i want to   point out one thing so a lot of you guys who  are tuning in or who those of you guys were here   live you might be wondering oh this is a newbie  thing you know like this is for people who are   just starting off in forex you know you know those  monkeys who just begin no this is a problem for   everybody and i'm going to tell you why in my prop  firm we have a different level of psychological   issue okay in in the profile so i'm going to  say trader a and trader b okay so prof trader a   he's he's you know just for the sake  of discrepancy and hiding identities so i'm not hurting so trader a is on a call with me live and  we're talking about for example euro usd   and he's going through the plan and  this and that and he's like all right   here's what i'm gonna do this is what i'm  gonna do as a pullback comes in and this is   how i'm gonna prepare i will use this lot  size but if it comes down to here i will   increase my size but if it crosses this area i'll  add add add okay so he's talking like that with me   trader b suddenly puts up a post in our group  saying i just bought swiss franc japanese yen   that message pops up while we are live with me and  trader a is live we're talking i can see on his   screen a pop-up notification comes up says trader  b just took swiss franc japanese yen for a buy   i can notice live at that moment the guy is  distracted from that moment onwards and he's like   maybe this will take a lot of time my euro usd we  should look at swiss franc so this it's constantly   even at a professional level even at a  professional level it's not a newbie thing   it's it's actually a problem that even you know  a certain level of professionals even go through   because there is this tendency of well that guy  is also pro maybe i should look at that why am i   not on that one you know so yeah armand that's the  right word right fomo it's the fear of missing out   and it happens at all levels at all intellectual  levels at all professional levels as well so   that's something you can't get away with would you  guys agree yeah yeah i definitely think so i think   a lot of the emotions that a trader deals with  whether before the trade after the trade during   the trade it usually is the problem stems from  external factors you know i need to do this so   i can for example be the top in the prop from pay  the bills i've have seven losing straight line i   need to make this win otherwise i'll feel like for  the rest of the week you know all external factors   you know driving the emotions up and down right  i think make can change they can change too from   day to day it's not like exact circumstances that  surround your life like just stay the same like   day in and day out so i mean you know it could be  anything though maybe something else is bugging   you that day so it's you know you have a emotions  or more rollercoasters i was actually talking to   some some traders in the elite community about  that where we came to the conclusion that it's   actually important to know in what kind of  mood you are so what your emotional state is   before you even start to do your analysis yes and  based on on that fact you can determine already   how you're going to react to that moment when you  you know pull the trigger and you're in a trade   right right so let's let's bring it down to this  question next question then can it be turned off you can't turn off emotions it's always going  to be there it's always going to be there so   what's the answer to it do we just label it oh  psychological issue i'm a [ __ ] i can't do this you have to be humble about it you have to accept  that emotions are there and also i'm using the   word humble because sophia and the chat just  mentions it and i thought it was nicely put so   thank you sophia so yeah be humble about it  and then also realize that without emotions   you can't read the market how will you read the  story if you don't understand what emotions are   and how other people get emotional because that's  how the market works yes and that is the basis   of how all of our trades are are taken right  now you guys are here from the prop firm   then we look at the trapped areas where  in the negotiation when someone loses   isn't that our area of interest yeah that's where  all of our trades actually begin so it's not just   identifying the emotion it's facing it  head-on and saying how do i manage it   and then if you're good enough turning that  into an opportunity that's what the market   is it is a combination of these three things it  is identifying where people slip up how they're   gonna slip up and where you come in on the other  end right you're one step ahead you're you're   you're the one who has controlled his emotions not  eliminated it but well managed so you're saying   we're coming each day into the markets trying to  take advantage when people are sleeping up and you   know they're crying over their trades hey i did my  fair share of slipping up exactly like i haven't   been on the other side plenty like if you're  asking if i feel bad out i do not feel bad like i   i messed up so much in the beginning and it was  not because i was messing up because why would   anyone do that to me nobody knows me i'm behind  a computer screen nobody knows like you know   what today we're going to target navin and we're  going to make sure we wipe them out like no one   does that like it's just a matter of i don't know  what i don't know there's a lot of knowledge that   goes behind trading well okay there's a market  knowledge there's an economic knowledge and then   there's an there's a psychological knowledge of  how people would trade because the psychological   part helps with timing helps with you to time the  market to get into a trade so before we move on to   the webinar any last inputs you guys want to share  regarding emotions and trading or any advice or   any tips that you guys that helped you guys nah  maybe i have one more example of stuff that i i   did a lot in the past and that's when i would so  i would be prepared for a trade and then i would   miss the entry and would go without me and then  i would be sitting there hoping it wouldn't work   so i wouldn't feel as bad but actually that's  worse because that would also mean that if it then   it doesn't work that also means my analysis is  wrong so it's it's useless from from every angle   it's better to be very neutral about it and just  think okay mister now i'll prepare for next time   you know get all angry and get some sort of  revenge on the market because well it doesn't   do anything right absolutely absolutely  right any of you guys lucas in any inputs   on order tips and tricks actually i brought up  being angry like i think it's good to not like   each day you trade regardless if it's  like a winning day or a losing day   or whatever like if you're mad that day don't take  it into the next day if you want to put it that   way like just because your euro usd trade today  you tried to sell it and it didn't work you know   don't necessarily think it won't work the next  day yeah you know if your analysis points to that   don't and vice versa right it can be the same way  by your usd man it really worked well yesterday   it's gotta work well today again i don't even  bother doing all that analysis it's just gonna   keep going so like try try to just kind of treat  each each day like a fresh day and try not to   have too much recency bias absolutely and we can  even go far enough to say treat each session as   a whole different thing right it's not even each  day it's a trade even really each trading needs   trade honest absolutely absolutely so you should  have no emotions or emotional baggage from the   last trade coming on to the next one and if that  means you have to step away then step away if that   means you have to sleep and let the day pass until  the next day then you do that hard to do sometimes   you sit there and watch a trader all day and  it doesn't do nothing and then yeah and then it   just goes without you in the middle of the night  you're like ah that's it i'm done with that pair   yeah yeah it's not really the right attitude but i  mean i've been there the more than most times the   amount of times i've received messages at 2 30  in the morning my time from prop traders saying   everyone's making money i'm not making money  i've picked the trades and they've all done the   same trade as the one i've picked everyone's made  money i haven't made money i need to talk to you   getting out of bed all right give  me five minutes i'll get online   and the issue is just out of fear that i've  picked a good trade i won't get it because   i didn't get it last time and i didn't get at the  time before so i'm also going to miss it this time   sometimes it's reversed i didn't get the last few  times so they get in early it's crazy and these   are professional professionals right professionals  go through the same problems as the average person   because emotional intelligence is not something  people normally train for so it you know those of   you guys who are new and you guys are dealing  with emotional intelligence now deal with it   immediately because if you don't deal with it now  you're going to deal with it when you're a pro   but you're gonna have to deal with it start  now start now that's the difference between   a beginner and a pro like pros know how to deal  with it immediately as it happens as it happens   yeah it's like constant monitoring of what's  in front of you but also what's inside you like   that's that's cool i mean when when you  think of it like that that's pretty cool like   an industry that forces you to sort of  be spiritual all right i think that's   pretty fascinating it's like i'm just looking at  charts but the my charts have changed me teardrop is a kleenex center person  i'm almost a kleenex for you yeah but i think what armand just said is is  pretty important and like a very good point   the difference between amateur trader and you  know like a super professional super good trader   is how they manage their emotions how how are they  you know how are they able to pick up themselves   after having a few losers how are they handling  their own emotions day in and day out that kind   of stuff versus you know an amateur trader maybe  a few losers to start to doubt themselves doubt   their skills that kind of stuff but sorry i saw  somebody in elite today i was replying to to him   he was saying he had two weeks in a row with dodge  double-digit account growth and he thinks i'm 100   sure it's a fluke like this is a like a two-off  like two weeks in a row oh i'm running out of luck   because i still don't have the skills yeah that's  not good that's not good that's that's training   the mind to to believe that you're nobody and  you can't do anything that's not good yeah yeah   well let's hope let's hope you were able to reach  out to that guy and yeah yeah no no i i did i mean   he was bringing some good points forward because  there were still some mistakes that he makes   very often that he still made in the last two  weeks yeah but just the fact that despite having   two killer weeks he still recognized mistakes  that he made so that's i see that as a positive   and he's working on them and he doesn't  have the expectation of now i've got it   he's not over confident it just needs a little  little tweaking and the positivity i i'd say   yeah you know there's multiple ways that people  deal with it like i'll tell you some examples   that in the prop firm how many of the people  deal with it so i have some traders when they're   having a a losing trade they'll actually step away  and you won't see them for the rest of the day   they'll basically barely talk to you saying i had  a losing trade you know generally in our group   we're always joking around or fooling around we're  serious when it comes time to work but around the   work time everyone is just a monkey there's like  gifs flying all over the place everyone's laughing   goofing around like you you won't tell that these  people are 30 plus everyone looks like a 16 year   old kid so everyone's having a great time but  that traitor once here you know i was gonna say   he or she it's a he once he makes a loss you won't  see him he'll step away he'll barely interact and   you'll hear from him the next day then there are  traitors the moment someone takes a loss when he   he takes a loss he'll reach out and be  like i need to talk okay i think lucas   you do that sometimes too where as soon as  you you notice there is a problem it's like   i gotta solve this now like and then you reach  out to me like we gotta get on the call i wanna   talk about this trade what what do you think i did  wrong how can we fix this i do that i do that too   if i have a losing trade i personally will either  reach out to lucas or another proprietor ali and   be like all right just act like a wall you don't  have to say anything let me speak you just listen   it's like and you nod your head and saying okay   okay you know like so i do that sometimes  because sometimes you just have to let it out   and by speaking yourself you will catch yourself  with a solution saying i know what to do next time   yeah i think sometimes the penned up emotion is  way more dangerous because it carries forward   and then forward to the next day and the next  week next month and then one day it explodes   correct you can just say goodbye to your account  yeah the traders that haven't lasted in the firm   are the ones who kept it to themselves we just  kept letting it eat them inside and and you know   to a point where it develops to everyone's  making money i'm not making money i haven't   talked to anybody about it i'm shy to talk about  it okay i i don't think it's gonna work for me   and then they fade away they fade away they're  no longer in the prop firm they're out of the   scene or like what happened to him like nobody  knows so it's it just develops you don't let   it develop don't let it don't don't let the  emotions take over you but you need to take   over it and manage it manage it well yeah at  least mention it out loud in your post analysis   correct if you don't have any anyone to talk to i  mean yeah and and you know this is this is why i   find a lot of pride in urban forex because we have  the elite community and then we also have the prop   firm side of the urban forex and everyone there  has this sense of i got you man don't worry it'll   be okay like everyone's just very nice generally  i've been on forums around the internet they are i'm sorry for my like french but they're horrible  people man you make one small mistake and they   will tell you oh you're nobody you're not  going to make it if you're going to trade   like this like they'll be in your face you're  not going to get traders developing like that 95   are developing traders 95 and if you're gonna talk  down to them it's you know you're done you're done   that community is done it's over yeah it's like  all development is cancelled correct yeah you know   and we know what happens right when people talk  down to people it's like a bully he has his own   personal issues that's why he's picking on people  so when you see a bully in communities telling   people they're wrong chances are he doesn't  know how to trade and he's taking it out on you   this is very common it's very very common right  should be a skill counselor on the side yeah i   know right i should open up like forex therapy  on the side urban forex therapy you know uft like sit down on this couch like  tell me about your childhood pips how many pullbacks have you traded cool cool cool all right so what we'll do is we  will i'll take it over from here i will spin this   podcast and end it and take it into the webinar  again those of you guys who are tuning in and   listening into the audio from the podcast whether  it's be from spotify itunes or google you know   you can actually look into the description  and there will be a link for the recording   of the webinar that i'm about to do so thank you  guys on the panel our armand operations manager   making sure everyone makes it to the finish line  thank you thank you you're welcome lucas tuning   in from kl as always it's always fun to have you  here thank you cheers and ian let's make sure we   can turn off the lockdown in australia so we  can see you in dubai again yeah i can't wait   i can't get way to get out of this  tin can here see the world again so   cool cool cheers everybody enjoy the first  cheers cheers i'll take over from here you

2021-09-03 02:43

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