Thank you having me on Etienne - always a pleasure sharing some insights on trading psychology🙏
@jayem0712 жыл бұрын
It was a pleasure to listen to you. 🙏
@diguemaia2 жыл бұрын
Hi Pat, I’ve just seen your interview. Thanks for sharing some really valuable thoughts. By the way, as it didn’t get much clear for me, I wonder what kind of system you use or mention when you’re referring to a Trading plan. It wasn’t clear for me, for example, if you trade using setups or doing analysis, in this case finding entries in a pattern. Also, I totally agree when you say you have to find a strategy that correlates to you. That’s fundamental. Cheers from 🇧🇷.
@Bueno_Bueno2 жыл бұрын
Outcome VS Processed based trades. I feel like that really opened a new door for me mentally.
@JxmmieZero2 жыл бұрын
Thank you Entienne for putting in so much effort getting these great minds to freely speak on your platform.
@nonnykoli20192 жыл бұрын
That's my Coach! Awesome interview as always ❤️❤️🥂
@fastone1362 жыл бұрын
the pain of discipline,is less than the pain of regret.
@africanlion59122 жыл бұрын
consistent execution of a trading plan leads to consistent results- take away,, thank you so much
@jdubruyn2 жыл бұрын
Thanks Etienne🙏💙@Pat, took me 10 years to figure it out😉💙 If I may add to the conversation... a high account balance has a huge effect on whether decisions are outcome or process based. Being faithful in the least will not necessarily be the case when you "have" much and the relationship with money itself has (a) huge influence on how we stay disciplined. I think stewardship* becomes much harder when it is a traders own money on the line but can also be a liberating experience... "Money can buy some things to create happiness, but it can never buy happiness." Ellen Barrier “If you want to know what God thinks of money, just look at the people he gave it to.” Dorothy Parker "You win some, you learn some." Jason Mraz "You live and you learn."
@DesireToTRADE2 жыл бұрын
That’s a great point, Johan! However you must train yourself to be disciplined even when capital is low. Ultimately we’re creating habits
@LG-tw5vm2 жыл бұрын
Personally, what I did was I tracked and documented how much money I would have made if I closed trades based on what I felt in the moment was the best time to close a trade vs what the process I created told me was time to close out a trade. Sticking with my process was hands down more profitable long term.
@applejackzo Жыл бұрын
This is something I've started doing and I came to the exact same conclusion.
@Fenix_Trader2 жыл бұрын
Very essential knowledge on trading! Thank u!
@Githinji_the12 жыл бұрын
I think God is aligning me here. The past two videos seem to be talking to me directly. This one has given me a nice idea od dealing with prop funding when I am in DD.
@DanielFlores-no9wc2 жыл бұрын
Cheers from Panamá 🇵🇦 thanks for this
@Aaron.trades2 жыл бұрын
Awesome podcast boys, showing the realities of trading and the importance of the power of the mind!! 👏🏻
@milesvanrothow20672 жыл бұрын
The importance of having a process and following the process, not an expectation.
@PatBailouni2 жыл бұрын
🙏🙏
@DesireToTRADE2 жыл бұрын
Glad you liked that interview, Aaron!
@brandonweemhoff92422 жыл бұрын
Nice advice on the systematic approach to minimizing risk loss.
@franklinfx39092 жыл бұрын
Fantastic Interview!!!! The process or outcome decisions are also part of managing the trade as well as going into a trade. I also loved the advice regarding picking a prop firm that resonates with your strategy because if your strategy does not produce 10% in a month, you're more likely to fail most of the prop firms out there. Thanks to both etienne and Pat!
@ifeanyichukwuanowai94522 жыл бұрын
Thank you Étienne ! Your channel has helped & is helping me so much!
@DesireToTRADE2 жыл бұрын
Always my pleasure!
@Max-ed5rv2 жыл бұрын
Wooow, i really gained a lot from this interview💯
@Max-ed5rv2 жыл бұрын
Having a step by step trading strategy has really changed by trading positively💯
@MBUkitake992 жыл бұрын
Great interview. Very insightful information on mastering ones trading psychology. Thank you Pat and Etienne
@andrenicholas27482 жыл бұрын
Thank you so much for this interview I am subscribing immediately to Pat
@253SB3ST2 жыл бұрын
Consistently CONSISTENTLY GREAT ADVICE AND PODCAST! Etienne and Pat much love from Washington state USA
@jayem0712 жыл бұрын
This guy knows the game. Trading systems are only 1/2 the battle. Knowing yourself and your own psychology is at least as important and more so imho.
@FXPips112 жыл бұрын
@20:30 im in this exact situation as i sit and watch this, waiting, hoping things swing in my ASSUMED direction, to get back to my plan, ugg
@Dreamlandroad882 жыл бұрын
This is a great and important video. This is where I am working to improve.
@brucesmith68682 жыл бұрын
Thanks E I think psychology is right behind technical analysis as far as importance.
@KrisGame12 жыл бұрын
Very good interview. This is a very helpful talk that will help people see through there losses, and work in a probability game following there edge. Well done, great video
@inathimbutuma20282 жыл бұрын
thank you so much Etienne, I appreciate these interviews so much you're truly a blessing man I can't thank you enough👑
@kevinali3700 Жыл бұрын
Daily timeframe is my go too!!! Breath of fresh air!!
@JESS-CH2 жыл бұрын
What a phenomenal interview. Thanks for sharing Pat, will definitely check out your channel. 🔥
@PatBailouni2 жыл бұрын
Amazing!
@berniesilva1901 Жыл бұрын
@@PatBailouni❤
@jjarierie99 Жыл бұрын
the mindset of being a trader is very important. thank you for the video, it is very useful for me, a beginner who is in the learning stage in the NFC community.
@harikhanal58025 ай бұрын
Law of 5P: positive mindset,perfect discipline,proven method,patience and persistence
@davidlewis47242 жыл бұрын
Great video again Etienne.
@dj_sergiov2 жыл бұрын
Great interview. Very important principles when trading
@Max-ed5rv2 жыл бұрын
What some traders need is to journal their trades 💯..
@tzvassilev2 жыл бұрын
Great points, thanks for this interview.
@gh8066 Жыл бұрын
what he spoke about from the 15:00 mark onwards is really useful
@Fenix_Trader Жыл бұрын
Very good. Thanks.🙏 But always would like to See on chart when guys show how they trade!
@gannongifford23182 жыл бұрын
Your videos are great brother thank you!
@manmatelephant.80802 жыл бұрын
Powerful!!!
@Amadeus80942 жыл бұрын
Any book you suggest related to "process thinking" for traders? Thanks
@whoaitstiger2 жыл бұрын
Trading in the Zone by Mark Douglas.
@t0neknee86 Жыл бұрын
Blessings from Puebla, Mexico.
@hadiyazdani11702 жыл бұрын
great podcast and content, Thanks man 🤘
@DesireToTRADE2 жыл бұрын
Very glad you liked it!
@josephharley4512 жыл бұрын
FANTASTIC
@judelinolanticse97182 ай бұрын
Cannot replicate nor emulate trades. Everyone of us has a distinctive skills, talents, ideas and above all capabilities, follow your rules, has an edge and make sure the odds is on your favor.
@tokyovilakazi58182 жыл бұрын
outcome Based decision has been blowing my accounts over and over again😅
@whoaitstiger2 жыл бұрын
Don't beat yourself up 🤗
@FXM32 жыл бұрын
Yes this interview is way better than the last one with Boris. He was drunk
@FXPips112 жыл бұрын
@9:15 BOOM
@davidtumwesigye1631 Жыл бұрын
I,m beginner, I,ask can I bollow money in the trading company as a member?
@DesireToTRADE Жыл бұрын
If I gave money to everyone asking on KZbin I'd be broke. :)
@DieeMannschaft2 жыл бұрын
Great podcast ❤️'d it
@dynamics90002 жыл бұрын
I love this video and share this quote with you too, “A successful man is one who can lay a firm foundation with the bricks others have thrown at him.” -David Brinkley
@253SB3ST2 жыл бұрын
are you considering consitance & constancy on your trading journey ? maybe becoming CONSISTENTLY Profitable!??? or are you CONSTANTLY CONSISTENT ALREADY?
@Bayraktar_999 Жыл бұрын
Key word: confluence
@elephanttrader3890 Жыл бұрын
Motivation
@alirezaamiri20476 ай бұрын
If I lose and journal and avoid them 😮💰
@hkicgh7277 Жыл бұрын
Straight out of Mark Douglas's book.
@j0078924la Жыл бұрын
U SHOULD BRING ICT ON BOARD
@MrSimonw582 жыл бұрын
Sounds like a 5 page plan
@gunzzilla Жыл бұрын
needs subtitles. you talk too fast with an accent its kinda hard to understand.
@ThinkerbellPvtLtd2 жыл бұрын
Speak slowly and with breaks between words man.
@deniscity7247Ай бұрын
If they trading and teaching they not making money
@erro11382 жыл бұрын
This is perfect guys 🫶🏼
@DesireToTRADE2 жыл бұрын
Glad you liked the interview!
@FXPips112 жыл бұрын
@20:30 im in this exact situation as i sit and watch this, waiting, hoping things swing in my ASSUMED direction, to get back to my plan, ugg