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[inaudible] hello and welcome

(00:23):
Back to day. Number seven, the secret number seven of the seven secrets underground wisdom. They hope you never find out I'm Jeremy Whaley. And it's been really great to have you with me on this journey. However, you're watching this. If you've been receiving a series of emails or you've been getting these videos sent to you, or maybe you've been watching on YouTube or on the blog or wherever it is that you've been seeing these videos, I hope you've really enjoyed these secrets. And hopefully you're starting to see how simple trading really can be. And it, it is folks. I mean, you know, I don't want to say that you don't have to work at it. You do, you got to learn it. It's a skill, just like anything else, it's a skill. But if we get it into our head, that trading is really complicated and it's really intense and scary and all these other crazy things that people come up with.

(01:12):
We'll never get into the market and we'll never trade. And you know, for the first couple of years of my trading career, I was there. I was run by fear. I was uneducated. I didn't know what I was doing. I was trying all sorts of different stuff, losing money. And then I got paranoid. Then I got afraid to trade and you know, all those different emotions that so many people run through, I went through it. And you know, one of the reasons that I teach is because I remember what it was like when I was learning to trade. And I remember all those different emotions that I had. And so one of the things that I'd like to share with, with different people, whenever I'm teaching them, how to trade is secret number seven, and it goes like this, redefine your greatness, redefine your greatness, and that might sound crazy to you.

(01:54):
What does it mean to redefine your greatness? Well, let's start with asking you a question. How do you define your success? How do you define success? For me? Whenever I was starting to trade for me, success was making a lot of money and I figured if I was making a lot of money than I was a really successful trader. And so that was my metric for being a successful trader. And it turned out that wasn't a very good metric at all, because it turns out that as you learned in yesterday's secret, number six, you can actually lose two thirds of the time and still make a profit. So it turned out that making a lot of winning trades wasn't necessarily what defined me as a great trader. But you see what happens is we all have a set of internal rules and these are rules that we feel like we have to meet in order to feel good about ourselves.

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Some people say, well, I'm okay with losing money, but, um, I need to feel like I traded perfectly, well, guess what? There really is no perfect trade. There's some general principles and we just evolve as traders and we become better traders along the way, but we create these rules for ourselves. You know, one person says, you know, I have to be at the market every morning at eight 30 and you know, that's, that's my rule. Another person says I have to have everything automated. Otherwise I'm not being successful. And other person says, well, if I replace a trade yeah. And I don't have stops and I'm not being successful. When we come up with all these different rules, the biggest rule is we have to make money in order to be a successful trader. And you know what? I get it. I mean, yeah, I like to make money, but you know what?

(03:25):
I didn't start really making money till I redefined my rules. If our rule for how we define success is just simply based on how much money we make. You're never going to get anywhere. And that's where most people are. Most people come into the world of trading with this definition of if I want to be a great trader, I have to hit these rules. And here's the reality folks, traders have ridiculous rules. And then number one, they all, it's not just one rule. We have these stacking of rules. And when we get to the top, it is I have to make a lot of money and folks, um, it, it just becomes ridiculous. And I want to say very clearly what I'm talking about, rewriting our rules. Uh, this has no nothing to do with actually making a profit or not making a profit. I want everybody to make a profit.

(04:14):
It has to do with how we define our own greatness, how we define what makes us a good trader versus someone who's not a good trader when we need to make our rules complicated, or when we do make our rules complicated, we can ever win. If we want to win, we have to make our rules easy to win at so that we can always feel great about ourselves. Otherwise, what we're gonna do is we'll be beating ourselves up. And that's what I did in my early days. You know, I'd place a trade. Um, my very first options trade that I ever placed, I mean, $4,000 on it. I was like, Oh my gosh, this is amazing. And then I proceeded to lose it every bit of it. And then more. And then I felt so bad about myself. Uh, there was one, one time in my life when I actually ended up with, uh, about $20,000 of my mother-in-law's money.

(05:00):
Now I did not arrange for this money. My wife, my brand new wife had just been, gotten married and she actually arranged for this money. And she shows up, she's like, Hey, I got $20,000. Why don't you go trade it? You know, make us a lot of money. And then I started losing my mother-in-law's money and Oh man, like the weight of that pressure just totally pulled me down. Cause I had all these rules that I had to learn, how to rewrite. You need to understand that trading is a very emotional experience. Training is a very emotional experience. And at the end of the day, trading is more about the person you become than it is the money that we make. Now, depending on where you are in your trading journey, this statement may be easier or more difficult to understand. But as somebody who's been in the market now since 1999, I've got over 20 years in the market, I've taught all these people how to trade.

(05:56):
I'm telling you this, the absolute truth trading is about the person that you become in the process. And as you become the trader, as you become the person who understand how to get in and how to get out and how to manage your risk and how to do all these different disciplines that are part of being a great trader, you actually evolve as a person. You grow in to what it is to be a trader. You don't just wake up one day and say, I'm a trader. You grow up into this person. And the reality is you never stop. You never stop learning. I mean, I've been trading now for over 20 years and I continue to learn. I continue all the time to learn different things. Sometimes I try something and I realize, Oh, that's what the broker does in that situation. Or, you know, just various different things I continue to learn.

(06:42):
And I don't expect, you know, most people are ever going to know as much as I know necessarily because I've spent all these years learning about all this stuff. And you know, most people, they compare themselves to me and they're like, Oh, I can never know that much. Well, that's great. You don't need to know that much. You know, you could just forget two thirds what I know and still be great. Um, but it's, it's the process is that journey of becoming a great trader that's what makes you really great? And so I want you to, to kind of walk away with, is some keys that I call keys to redefining your greatness. How do you define success in the stock market? If it's just about the dollar amount you will forever be fighting the emotion because there's too much energy, emotionally speaking around money, you have to find other things that you can hang your hat on.

(07:26):
And so the first key is to realize that trading is skill trading is a skill, which means you can become better with repetition. And so we can define greatness by saying is long as I'm getting better. As long as I'm learning something, then I'm succeeding in the market. Now what that does is it takes some of the pressure off. It takes some of the pressure off to say, I have to be perfect. I have to always be making money. You know what, if you lose on half of your trades and you win on half your trades, what you're still beating market odds. What if you, you know, you just put all these, what if scenarios out there and through one set of lens, the lens of perfection, which most people look at, you know, they wouldn't call that good, but if you lost two thirds of your trades, but your account's still going up, isn't that winning.

(08:10):
So we have to redefine our rules because that's the world. That's the world of trading. The world of trading is trading probabilities, trading percentages, you know, putting the odds in our favor. And while one trade, we might go out and make a hundred percent on the next trade. We might come out and make 5% on. And at the end of the year, you know, it all averages out and maybe you're up 50%, you know, um, every year is going to be different. You know, two years ago I had a year where I only had a 57% profit for the entire year. And it was a good year by most people's standards. But the next year I followed it up with over 180%, you know, I don't know where that's going to go this year. So far, I'm having a great year, but you know, every year is going to be different.

(08:46):
If I held myself to the same standard every year and said, every year you have to have the same hundred and 80%. Well, that's kind of an outlier for an entire account to do that much. Obviously can be done. I've done it more than once, but you know, that's not necessarily the norm. And so whenever you look at what your standards are, you know, you start with the S and P benchmark, you start and say, well, if the S and P is only yeah, 15%, if I'm doing 15% of my total account, at least I'm outperforming or matching the SNP. And by the way, I can show you some techniques and some skills and some strategies where pretty much you have no choice, but to match the S and P it's like that's simple. There's no excuse for any fund manager, those 93% of fund managers who miss the S and P there's no excuse at all.

(09:29):
Just let me teach them. I can fix them all. But, you know, coming back to our rules here, what are our rules for greatness? What makes you a great trader? How do we define the first thing? Recognize that trading is a skill. And so it's progress. We're going to learn over time. We're going to get better over time. And the only way you can do that is repetition, repetition, repetition, repetition. We're just going to keep going through the same process over and over again. The next thing that I want you to understand in terms of defining greatness, people get these grandiose ideas. One of my mentors, one time said people overestimate what they can accomplish in a short period of time. And they underestimate what they can accomplish over a long period of time. And I have found that to be so true. In fact, correlating with that statement.

(10:11):
Another really good friend of mine. He taught me this concept of a two millimeter shift. Now my friend is a golf instructor, but he said, you know, the difference in hitting the golf ball straight down the fairway and having a beautiful shot and, you know, slicing it off into the woods is about a club face movement, only two millimeters. So if you shift the club two millimeters one way or the other, it's the difference of the ball actually going where you want it to go and totally you got to play. And, you know, that's such a great metaphor because we've discovered that most tweaks are two millimeter tweaks. They're just little tweaks that we need to do just a little bit different. You know, the difference of being depressed and happy is, you know, if you're depressed, what's your physiology. Well, everybody's shoulders a little bit down.

(10:54):
Everybody's kinda sad. Yeah. Well, if you put shoulders back up now, it's kind of hard to feel depressed. Well, that's only about a two millimeter move in your, in your breast played here. Wow. It's totally different States. Totally different energy between depressed. Yeah. And excited, right? Two millimeters, whenever it comes to that trading, there's a lot of people, so many people, you're probably one of them that have exposure to the market. They've maybe had some history, maybe a year history, five years, 10 years history, but haven't quite seen the results want. And in most of those cases, two millimeter shift, it's just a few little tweaks tweak. The way you, a market analysis tweak the way you apply your strategy tweak just a little bit, the way you're doing your risk management and boom. It's the difference in blowing out trading accounts and actually soaring and having an incredible career with your trading.

(11:40):
So just recognize another key to redefining your greatness. It's not big moves, it's little moves, it's little tweaks that will make you go from being average below average, wherever you feel like you are right now to being exceptional in the world of trading. And then, you know, here's my final idea that I want to share with you. Our final key steady improvements, steady improvements. Add up, you know, if you could just grow your account by 1% a day, just 1% a day. At the end of the year, you didn't have a 200% gain. However many trading days. There are, you know, you didn't have that. You had an exponential is 400, 500, 600%. Now you're probably not going to grow your entire account 1% a day. I'm not, you know, I'm not crazy. I know that's probably not gonna happen, but just, if you think about the growth that you're making, not just your account growth, but your personal growth steady, steady growth, steady improvements will create exponential results.

(12:42):
If you personally, as a trader, just grow 1% a day. I mean, talk about your personal growth and you become 1% better as a trader a year from now. You're a totally different human being. You're thinking about the market totally different. You're approaching all of your trades, totally different, and you're going to have totally different results in a good way, in a positive way. Well, assuming that you make the right tweaks, you, if you just grow your account just a little bit, just 1%, half percent, maybe it's just 1% a week. Well, at the end of the year, it has 52% right now. It's way more than that because it compounds over the time. And so 1%, the little small improvement is all it takes because compounded over time, it creates absolutely extraordinary results. So just remember that quote that I said, I didn't do a slide for it, but just remember that quote, most people overestimate what they can do in a short period of time.

(13:30):
And they underestimate what they can do in a long period of time. And these are some of the keys for how we get those absolutely extraordinary results over time. And coming back to the main principle here of this secret, number seven, redefine your greatness. Don't let your greatness, how you see yourself, what you define as great. Don't let it be dependent on your bank account on your trading account or how much profit you made, let your greatness be defined on the person that you're becoming, because ultimately it's that personal growth that will lead to your account growth. And as you become more of the trader that you desire to be more, the person you decide to be eventually your account will not just start to stack up, but will start to grow. And you'll, you'll look back one day and you'll say, wow, I can't believe where I came from.

(14:19):
All right, folks, these are my seven secrets that I think if you will just take them and you'll apply them, you'll get is you're going to step over some pretty amazing transitions in your life and transformations in your life. I hope you've enjoyed them. It's been a great pleasure to share them with you. Now, here's the cool thing. I actually have one more. I have one more bonus and there's only one. You can get it. The only way you can get it is to subscribe to my email list. So you might already be subscribed to my mailing list. And if you are a, that may be how you're getting these videos. And if so, then watch your email tomorrow because secret number eight, the bonus secret is going to show up. Now, if you're not subscribed and you have to get yourself subscribed, otherwise you're not going to get bonus secret number eight. So wherever you're watching this, whether you're on one of the social outlets, whether you're on YouTube or wherever you are on the website, blog posts, whatever, make sure you subscribe to the mailing list. That way you can stay up to date with everything that we're doing and get special offers and special promotions. And most importantly, you can get bonus bonus secret. Number eight, go ahead and get yourself signed up and thanks again for watching hope. You've really enjoyed it. And I'll talk to you soon.