How to MASTER Trading Psychology in 15mins

Now guys, in order for us to master what actually goes on inside our trading brain, I need to explain something to you guys. You see, the trading brain is divided into two segments. You have greed on the left side and you have fear on the right side. And this is what obviously everybody knows, they teach us. However, I feel like there are deeper issues or rather there are deeper things that go on in the market that actually trigger either the greed side of your brain or the fear side of your brain. The very first thing, okay, that actually happens within the market that actually messes with a lot of trader psychology is market manipulation. Now, if you don't know what market manipulation is, it's simple. Think about it this way, and this used to happen to me a lot. Um, you've done your analysis, you're expecting EuroUSD to climb up maybe 100, 200 pips, right? And the market looks very good. Maybe you're using the trend line breakout strategy and what have you not. And before you know what's happening, the market presents you with a buying opportunity. And I need you guys to listen to what I'm saying. Oh, before I carry on, don't forget to smash a subscribe button right there. Smash it right there, right now. And you know, the market is about to break out of your trend line. Um, you know, bullish engulfing by candle close. You have everything all sorted out and you get into the buy and before you know what's happening, the market goes a little bit in your favor and then just tanks. the market tanks and goes to play with your stop-loss area. And for a lot of you traders, it actually goes to hit your stop- loss. Then what now happens next is once the market is done with your stop-loss, the market now starts to go in the original direction in which you had predicted. Now ladies and gentlemen, that is a classic case of market manipulation. The people who move the market already know what direction they want to move it in. but they don't want retail traders to be able to jump on that trend with them or they want to go and map out a bunch of orders in terms of stop- losses so that they can get the best price. Long story short, ladies and gentlemen, the damn market manipulation happens and what it does is it triggers one aspect of your brain. Definitely not the grid aspect of your brain. It triggers fear. It triggers fear. Now the question is how exactly because I have a list of things that I know that trigger I mean 1 2 3 4 five there about five of them right these are the major things that mess with the trader psyche yeah so I want to give you guys solution to it so the first one like I said is market manipulation right when this happens what the hell do you do how do you calm your mind down what exactly happens now when it comes to market manipulation and market manipulation happens seven out of 10 times how do we how do we battle this So you see when it comes to market manipulation what you need to do is very simple. I like a situation whereby the market has gone on to pretty much if if the setup is very obvious. I prefer when the market goes and triggers a lot of traders entries trigger everybody's entry pull back run stops and then start heading back in the original direction. That's when I'm ready to jump into the trade. I'll take it again. I am not in a hurry to if I see a setup and it looks too good to be true. Ladies and gentlemen, I'm going to chill for a bit. That's what I'm trying to say, right? Because the market and the market makers have a very good way of presenting you guys a fantastic trading opportunity that looks amazing. It's simple. It's clearcut. Don't get me wrong, simple setups are good. But when is looking too good to be true, you need to be careful. So when I see a setup look that looks too good to be true, ladies and gentlemen, what the hell do I do? I allow the market trigger everybody in with their entry. Most of the time the market is going to run stops. Once it's done running stops, then as the market now starts heading back in the original direction, that's exactly when I want to jump into the trade. Now, I can't sit down here and tell you that, oh, you must be mentally strong. Now what you want to do is avoid those key issues that trigger something inside the trading brain be it fear or greed. And one of the major things is market manipulation. Trust me guys I remember there was a particular trade that I placed was a GBPUSD trade. Absolutely amazing. I'd gotten into the trade. I'd even published it on social media. Massive trade. Entire social media world was going crazy. And guys guess what happened as the thing triggered my buy. It came down. It came down. It came to my stop-loss region, ladies and gentlemen. Literally, it was so crazy. I had to what? Adjust my stop loss. And you ask me why who adjust their stop loss? That's absolutely crazy. Ladies and gentlemen, you see, because of the strategy that I use, right? And the amount of belief that I had in my strategy. I knew I was correct. I also knew that if I'm correct and the market is doing this, that means the market wants to weed out all the stop- losses. And as a veteran in the game, I'm not going to be here and allow a bunch of market makers take out my stop loss. I've been doing this for about 14 years, ladies and gentlemen. Ain't no market maker coming to take my damn stop losses. And by the time I did my analysis, obviously I done my analysis before the trade, but by the time I zoomed out and looked at everything again, I realized pretty quickly that the market was actually coming to test the third touch of my trend line before it heads higher. And Forex mastery students, you know this, top down analysis traders, you know this, all my students all know this. You guys know that the third bounce of the trend line always does the trick. So sometimes when the market is actually manipulating, it might not necessarily be manipulating just to take out stop losses alone, it might actually be going to go test a key technical level before it fires to the upside. And ladies and gentlemen, you won't believe that when the market deep lower close to my stop loss and I removed it due to my absolute belief in my strategy. As the market was about to start heading up again, I went on social media and I tweeted. I said, "I am adding another position to this." And ladies and gentlemen, guess what happened to the trade? It absolutely skyrocketed. So, ladies and gentlemen, uh, when it comes to market manipulation, like I just explained to you guys, obviously, I can't really dive deep into market manipulation and, you know, the strategies that I use and all that. I teach all of that on the Forex Mastery program. You can click the link down below somewhere around here. It will absolutely transform your trading. It would literally teach you a lot about market manipulation, how to handle it, and how to use it to your advantage. Once again, the link to the Forex Mash program around here somewhere or in the description down below. So, ladies and gentlemen, that's market manipulation for you in a nutshell. The moment you're able to conquer market manipulation. We've solved the first major issue that triggers the trading brain. Ladies and gentlemen, the truth is you don't want to trigger any side of this. You don't want to trigger the greed side of your trading brain and you don't want to trigger the fear side of your trading brain. Now, the next thing I want to speak about when it comes to trading psychology and being able to master your trading psychology. You see, the essence of everything I'm teaching here, guys, is for you guys to be aware. The moment you're aware about the things that go on in the market, you will never be subject to absolute torture that goes on in your brain. A lot of traders are suffering like you don't understand like it's it's painful because they can't sleep at night. They're stressing. They're checking their charts MT5 as if he's stop loss and all that. The moment you understand the things that go on in the market, your trading brain will never be triggered. And that takes me to my next point, which is trending versus ranging markets. Now, ladies and gentlemen, you have to understand something. The market will only trend 40% of the time. You've probably heard me say this a lot of times, but a lot of traders don't listen and take it seriously. Because when you understand that only 40% of the time will you actually get to be able to find very nice trading opportunities. Only when you can understand this fact and accept it, only then will you be at peace with your trading. because the remaining 60% of the time, I'm not saying that the market is not going to present to you opportunities. However, when you're going into the market and the market is ranging, you have to understand that those massive pips that you're used to getting, you will not be able to catch them. Why? Because the freaking market is stuck in a bloody range. Trending markets are easier to trade. Ranging markets are a lot more difficult to trade. And that's why if you notice when you come into the market with your demo account, it's easy for you to trade. Probably you came in when the market was trending and you fund your live account and before you know what's happening, the market has gone into a range and before you know what's happening, you're blowing your account. You blow the account, you're like, "Okay, let me go back to demo." And by the time you get back to demo, the market is trending again. And you start to blame your strategy. Sometimes the strategy might not be the reason. It's your understanding. Do you have the skill set and the ability to be able to open a chart and be able to determine if the market is trending trending long-term or ranging longterm? Do you have the ability to do that? Because I have the ability to do that. And this is why a lot of traders ask me, "Ah, Mr. Dappo, but I don't always see you constantly trading and all that." That's because the way my strategy works and the way obviously the Forex Mastery students have been able to trade all this one. This is why they're very calm, very successful. As a matter of fact, a trader yesterday just sent me um a picture on Instagram. He just bought a freaking Lexus from the teachings of the Forex Mastery program. Absolutely. [clears throat] Send me a DM. Crazy. Shout out to you, Pex. Shout out to you. I'm so proud of you. Now, the way we do it in the Forex Mastery um community and with top down analysis, um by the way, the approach to this trade is called the top down analysis. Is simple. Once we're able to identify on a higher time frame what the market is actually doing, that helps us determine if we're actually going to train trade the market. Sometimes, for example, gold, as the time I'm recording this video, gold is in it's been trending for a while and we know as forex mastery students that when a market trends for an extended period of time, there's a guaranteed resultant period of a range that is bound to happen. Now, when you open the chart as a Forex mastery student, the first thing you're looking out for, what has happened in the past, what is happening now? If you see a long bullish move, right, and then now you're seeing the market moving sideways, you're like, "Bro, [snorts] this market's going to range for a hot minute." Or if you open another chart and you see that the market has been ranging for a while and then you've just realized a breakout on a higher time frame, you're like, "Aha, this market has compressed for an extended period of time and now we're about to embark on a trend. Now you now understand the true market conditions and then you can say to yourself, this will give me the kind of rewards I'm looking for." That's when the market is trending or the market is ranging. like I'm just going to go in and this is what I I tried to explain to you guys. See, ranging markets are not bad. What you need to do as a trader is prepare your mind, right? When I'm going into a ranging market, I'm just going in to quickly take whatever the market takes me. I'm This way, greed doesn't get the best of you. [laughter] You see, the trading brain is very simple. It's either fear or greed. What usually tends to happen when traders can't decipher between trending and ranging markets and trust me a lot of traders cannot do that is they go into ranging market expecting the market to give them something and when it doesn't give them they get upset and then they get greasy greedy and then they want to make as but guys understanding is key. It's like Google maps. This is where I like to trade. Top down analysis is like Google maps. I can see into the future. And this is exactly what I would like for you guys to obviously be able to see into the future just like me because it would help you be able to what? Control the trading brain. The more you know, the less you have to rely on your trading brain. Once again guys, if you're interested in learning the top down analysis or joining the Forex Mastery community, the link to get it is somewhere around here or in the description down below. Now guys, the next thing that I want to speak about when it comes to being able to master trading psychology and master your trading brain is when a trader is has just encountered a winning streak. It triggers the greed side of the brain. Now how do you combat this? You see a long time ago I was trading um the USD pairs were trending right? I was Euro USD. In fact, all the USD pairs were trading Euro USD, AUD/USD, USD card. So, um, GBPUSD. So, think about it. Almost a 2,000 pip trend. Think about it. Every single pair that I like to trade was trending. It's easy for me. Every pullback, I dropped a trade. Every pullback, I was making so much money. I like, bro. And before I knew what was happening, ladies and gentlemen, I had 15 positions open. 15 everything in profit. Ladies and gentlemen, I went out for dinner one time. I came back. Freaking FOMC had happened. FOMC trading news had come out. And ladies and gentlemen, all my positive positions had all gone red. I almost lost my freaking mind. Ladies and gentlemen, and you see what should I have done differently in that point? You see, when you're on a winning streak is when you should realize that danger is actually around the corner. Anytime you find yourself constantly winning, constantly winning, it's a great thing. But you have to understand that it is starting to trigger an aspect of your trading brain that you don't want to trigger, which is actually greed. Now, how exactly do you combat this? Ladies and gentlemen, if you're on a winning streak, try and maintain the same discipline that you used on the first trade and the second trade and the third trade. Guys, I'm a trader. You're a forex trader. And if there's anything that we we tend to do as forex traders is we tend to get very complacent when you start making money in the forex market. The strategies or rather the precautionary measures that we used at the beginning to grow the account. The moment we start to see the account growing, we throw the precautionary measures out the window. I'm a trader. You a trader. Let's not lie to ourselves. And we've all been freaking there. So, how do you combat this? If you use the 3% risk, right, to get into a trade, you did proper due diligence on the first trade, use that on the second and the third and the fourth and the fifth. Second thing is try and keep your open trades to the maximum of three. Now the reason I'm saying this is when something happens like news events ladies and gentlemen where forex traders were subject to fundamental news coming out. For example, Donald Trump can say something and he will blow everything out of the water. Now, when you're on a winning streak and you have several positions happen and several positions open and something as crazy as news happens or the market just turns around, London session opens and something crazy happens. It is easier for you to manage few positions that are going crazy than for you to manage 10 positions that are open at the same time. Even three is actually too much. I would like to keep it at two because you cannot when the market starts to go crazy after a winning streak, ladies and gentlemen, you cannot manage 10 positions at the same time. So, I'm going to leave you guys with this simple. What you want to do is and this is what I teach all the Forex Mastery students and obviously with the help of the top down analysis. You want to take one pair, one move, project a,000 pips into the future and simply stack your trades for now before you get into every new trade. Make sure that the old trade that you got into is absolutely risk-free. Yes. Do what they call transfer of risk. I'll take it again. one pair, one big move, buy as it makes profit for you before you get into the next trade within that same trend. Move that first trade to break even. In fact, lock in profit before you get into the next trade. That's how you transfer risk from one trade to another trade. So before you know what's happening, you stacked up like four, five trades within this big move. Ladies and gentlemen, if Donald Trump wants to say anything, go ahead and say if the market turns around, you've locked in so much profit. And because it is one pair, you can easily decipher what exactly is happening. Ladies and gentlemen, this is exactly how you combat activating the trading brain when you're embarking on or rather when you're experiencing a winning streak. And guys, obviously the next one is the losing streak. How do you handle losing streaks? And I laugh. You see, losing streak is for me is actually the easiest one, right? Losing streak we all know it activates. Then this is actually the worst part. It activates both sides of the brain. Both fear and greed at the same time. Now you've been on a losing streak. You're scared. Oh my god, I'm going to lose this account. Oh my god, I want to try and make back all this money. But I'll speak about revenge trading next. Right. So what I do when I find myself and I've found myself obviously embarked on a losing streak or for example, I've I've embarked on two three losing trades at the same time. I have what they call a circuit breakup. I am allowed to lose um I'm allowed to lose about three to four trades in a row. Yes, I'm allowed to lose. So I would advise you to keep it to three. So I risk 3% per trade, right? So if I have three losing streaks in a row, that's about 9% of my account on draw down. Immediately I find myself losing three trades in a row. What that means is that the market conditions, see guys, I have to explain something to you. See, sometimes it's not about your damn strategy. Sometimes the market conditions are just not favorable. They just your your your your um uh sorry, your strategy is just not compatible with the trading conditions. Doesn't mean there's anything wrong with you. Doesn't mean there's anything wrong with your strategy. But a lot of you guys actually have issues with your strategy. I'm not going to lie. Once again, if you're looking for a strategy you can trust and hold on to, get the Forex Mastery program. The link is down here around here somewhere or somewhere around here. Ladies and gentlemen, I teach everything. All my entry exit strategy. I cover more things like trading psychology, market psychology, everything you can potentially think about. Now, after three losing trades, ladies and gentlemen, I leave my computer alone. I step away for like a month because right now it's not cool. it's not popping and you the market needs some time for it to be able to present to you what you're used to seeing. So, how do you combat your losing your losing streak? Give yourself three losing trades and get the hell out of there. Once you do that, you'll be absolutely freaking fine. That's it. That's how you combat losing trades. Three losing trades, close it. If you come back another three losing trades, still close it. Now, you're down 18%. Because if you keep it open and you keep looking at the trades, you're going to what trigger the greed side of your brain, which is revenge trading. And guys, over to revenge trading. How do you combat revenge trading? Sorry, my camera is going a bit dark. Let's give it some time to come back up. [laughter] I hope you guys have enjoyed obviously hanging out with me. You see, I've been trading for 14 years, and I wanted to really come on here and just break these things down for you guys. A lot of people talk about oh like these are the major things that actually affect traders and if you can conquer them you have nothing to worry about. If you can conquer them you can conquer your trading brain and obviously that takes me to my last thing which is revenge trading. Mr. Willis how do I handle situations whereby ah you know I just want my money back. I just told you ladies and gentlemen close your laptop and go and do other things. This is the biggest issue with a lot of forex traders. biggest issue with a lot of forex and I'm going to leave you guys with this. You see, I said something about having a strategy you can trust. The reason why I'm confident enough to close my computer when I notice that, oh, I'm not winning or maybe I've just hit a losing streak is because I've been using my strategy for over 10 years now and it's never let me down. It's made me millions of dollars. It's made me that Willis, one of the greatest traders on the on the planet. So if I notice that the market my the market conditions are not doing so great or my I've hit a losing streak or my strategy is not extracting as much money as I want. I don't blame my strategy. I blame the market conditions because I trust my strategy so much. It's done so much for me. It's made me so much money. So why on earth would I change it? I have utmost trust and belief in my strategy. And one good thing about my strategy, I actually haven't embarked on three losing trades in maybe over 6 years. [laughter] The top down analysis is right nine out of 10 times. And once again, I urge you guys to go ahead and grab the Forex Mastery program, learn this thing properly so that you can conquer the trading brain. Once again guys, my name is Dapper Willis. If you haven't already, smash the subscribe button and sure to tickle the button right down below and I'll catch you guys on my subsequent videos. Take it easy and peace out. Bye guys. by