Patrick of PB Trading on scenario planning and one trade a day

0:00You're not going to be profitable just by screen time and back testing all day. It's you versus yourself in the market. A lot of people when they start their trading journey nowadays, they look to copy someone. This is a common trap that a lot of traders fall into. Most traders think they just need a better strategy. Well, today's guest is Patrick and he doesn't think that's the real problem at all.

0:17Learning the technicals in trading is the easiest part. It shouldn't doesn't really take more than a month or two or three maybe to learn a profitable strategy. But what people don't realize is that he found his path to consistency within his first year of trading. But what got him there wasn't just the setups. It was his habits, his structure, and the way he prepares even before the market opens. How do I stop overtrading? How do I stop FOMO? How do I stop this? I'm like, you know, the answer.

0:40You just do the opposite. As I started getting better at understanding that, yeah, that gave me more peace of mind when I would lose. He approaches trading like a chess player. He's constantly focused on thinking ahead. If price reaches a certain level, he already knows how he wants to respond and that's what allows him to win. Back testing is important. I wouldn't say it's the most important.

0:59It gives you reassurance that something works. For a new trader, how do you get them to that stage where they have that belief so that they can be consistent with the things they're supposed to do? Obviously, trust is built really over two factors, which is his entire philosophy around success revolves around a single idea. If your life is a mess, if you have zero routine, if you don't take care of yourself, then it's going to show.

1:16When you trade, the markets are going to be a reflection of your weakest habits. In today's episode, you're going to understand the importance of preparation, discipline, and building a life that actually supports consistent execution. Do you think anyone could make it as a trader? What's the one habit that you think improved your trading the most? Do you think you had a belief when you started trading that was not actually true? I mean, let's get into it. What's up, traders? Welcome to the prop firm trader podcast.

1:46The number one channel in the world for funded traders. In this show, we don't just like to talk results. We like to talk the mindset, the habits, the behaviors, everything that it takes to create consistency as part of your approach into prop firms. My name is Sanjief. I'm the host of this show and I'm here to take you on a journey inside of a special guest today. Today's guest started their journey around 3 years ago and took them around a year to find success in the futures market.

2:15They specialize in creating scenarios for success for themselves. And this is something I really want to understand a little bit more today. They created a well-known name for themselves online, sharing their live trading, their lessons, the ups, the downs, and their education into some ICT concepts on YouTube. It is my pleasure to introduce Patrick, one half of Trading.

2:38Thank you so much for having me. I'm excited. Appreciate it, man. Thank you so much for being here today. Of course. Um, I want to start off by talking a little bit about your journey into trading, right? You spent your first year struggling to find success in the markets. Yes. Would that be accurate? Yeah, it's it's more so like struggling to find the consistency and the discipline because I had it I had it pretty easy with trading in the sense that my best friend Blake uh just taught me everything from the get-go.

3:06And so every all the information came from one source which saved me a lot of time of like figuring out, oh, is this person trustworthy? Does this work? Whatever. I already had a friend who was crushing it, you know, at 18 years old. I mean by the time I found out that he was trading he had made 60k but you know that year he ended up over 100k at 18 which was like damn you know um so I was learning from him and I definitely feel like because I was learning from one source the information resonated with me faster.

3:35I was able to trust it and just apply it easier. So around the fourth fifth month I was able to secure like my first payout uh with prop from trading but honestly it wasn't like a straight line of success from there. I sort of crashed out for a bit. Wasn't couldn't really figure out how to stay consistent. Didn't make money for a few more months. And then I'd say towards like the 10th month, that's really when the consistency started kicking in and I was able to get payouts consistently with prop firms.

3:58I find that interesting because there's a lot of people that I know especially are going to be watching this that have been on this journey for much longer than that time period. Do you feel like there's anything specifically that you did differently or do you think a lot of that credit was due to Blake kind of laying that path for you? So, I mean, I I think learning the technicals in trading is the easiest part.

4:16It shouldn't doesn't really take more than, you know, a month or two or three maybe to learn a profitable strategy. But what people don't realize is that you're not going to be profitable just by screen time and back testing, you know, all day. It it really you have to reshape your life completely. Um, I always tell people it's like it's you versus yourself in the markets, right? And the markets are going to be a reflection of your weakest habits.

4:40So if your life is a mess, if you have zero routine, if you don't take care of yourself, um then it's going to show when when you trade. And so I think the biggest thing for me was realizing I had to make sacrifices. There was stuff that I had to fix in my psychology and and just get my life in order uh to perform well in trading, right? Little stuff like getting good sleep, waking up early, journaling every day. Um, I mean, e even as a as like a freshman, sophomore college student, I I decided to live alone in an apartment and have zero distractions.

5:12Um, took a year off of school, like so many things just to continue staying profitable and and just making, you know, obviously more money and getting better at it. Um, but yeah, it it doesn't it's not necessarily about the strategy being difficult. It's just understanding what are your weak points in yourself that you just need to improve. Yeah, I I think this is a common trap that a lot of traders fall into. And I I resonate with this

5:39because I think I was one of those guys for the first few years of my journey and I see this a lot in traders now. The failures that they have in terms of finding consistency, they blame it more so on the strategy rather than the actual person themselves. Whereas you saw it always the other way around, right? You always saw it as the things that you're doing outside of the markets really affects the you as the person and that affects your consistency.

5:58Yeah. Because you you'll have people ask, you know, these questions where they already know the answer to, right? They'll be like, "How do I stop overtrading? How do I stop FOMO? How do I stop this?" I'm like, you you know the answer. You just do the opposite. How do you stop overtrading? You stop overtrading. How do you stop FOMO?

6:16You enter when you have to. You know what I mean? Um but then you realize it's like no amount of screen time is going to get you to stop doing that. It's you actually like getting yourself in check. You need to be at a level-headed state every single day going to the markets. And we'll get into this conversation about like how um this whole thing about creating scenarios before they happen is what I do. Uh and that's what helped me just be automatic with everything that I see.

6:39What do you feel like was one of your worst habits at the start of your journey which maybe took you the longest to overcome? I think for sure it's just I always had like a bit of gambling tendencies. Um you know I I I was always that way just like growing up like uh every time I I make u money doing something I get comfortable uh which was like my biggest problem and my ego kind of inflates and I start halfassing things in a way.

6:56Same thing happened with uh with me in trading a lot just in in the beginning where I'd start see start seeing some success. I'd get comfortable, stop like practicing all those, you know, foundational habits that you need to have to be profitable and ultimately just end up taking, you know, 100 steps backwards. Um, so the realization that I kind of just need to keep the ego in check and I need to always go back to my roots.

7:25Um, you're never above the markets. You're not you're not going to be better than anyone or whatever. This is you versus yourself. So, you need to stay doing all like the corny stuff, the journaling, the getting good sleep, the waking up early. It it matters so much, you know. Were a lot of these things uh ingrained to you from Blake or was this something that you kind of had to figure out by yourself? Um I think that's something everyone figures out by themselves, you know what I mean?

7:54Blake, he's not he wasn't meant to be my therapist or my life coach. He was just meant to be, you know, here's the strategy, here's how I trade. He would emphasize little things like one trade a day. Um this is how you should be risking. He would also I mean at first I asked him if I could just copy his trades. He he didn't let me unfortunately because I never built that dependency on him which was huge.

8:16Um so that was like one thing I'm glad he saved me from. A lot of people when they start their trading journey nowadays they look to copy someone and and they build that dependency without realizing that subconscious oh I'm going to have to follow someone else's uh strategy by literally mimicking what they do. Uh but then you realize it's like your statistic is never going to be built the same way as someone else's.

8:35Uh your losses, you know, um aren't going to look the same as someone else's. Does that mean that they were bad losses? No. Is there human error involved? Sometimes yeah, we're human. We're not robots. Like I still have some days, you know, once, you know, let's say every few months I'll have like a crash out day maybe where I overtraded or I overrisked, but rather than like me doubling down on that, I'll just be like, "Yeah, yeah, I I messed up and there's nothing I can do about it.

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10:17Trading education will never be the same again. Browse hundreds of hours of content in forex, futures, stock, options, and crypto from the best verified traders on the planet, all in one platform. Experience a completely personalized trading plan tailored to you and

10:35your goals. Reach milestones, redeem points, and earn rewards with a massive global community. Whether you trade forex, futures, stock, options, or crypto, Chart Academy has something for you. Join the weight list now and be part of a movement that is going to change trading education forever. So it sounds like one thing you got really good at is not compounding those mistakes, right? It's not the fact that they disappeared. Yeah, that's the biggest thing. Yeah. So I there is something that you said there that really fascinates me and I think a lot of traders will learn something from this, right?

11:05You talked about the difference between a good and a bad loss or a good and a bad mistake, right? What does that separation look like for you? Because I think for a lot of traders, if they don't have a winning trade, if they don't make money, Yeah. it's always a bad loss. Yeah, that's that's it's just not the case at all because I mean, if there was any class that stuck with me in university was statistics, right?

11:30And I always thought about it in terms of statistics uh or probability. In order to win, you need to lose. And you know, if you roll a dice, for example, certain amount of times, like it's going to have to hit this a certain amount of times, right? A certain number. Um, now when you have an edge in the market, that statistic is is positive. Meaning like let's say you're rolling a three 70% of the time or something. Um, and you need to understand that in the only way to get let's say a 70% win rate win rate in trading, you need to lose, right?

11:5430% of the time. And well, that's obviously dependent on RR, a bunch of factors and stuff. Um, but it's it's the basic like understanding of you got to go down and go up. Yeah. Take for example a bullish market. A bullish market doesn't just go straight up. It needs to retrace, correct imbalances, however you want to see it, and then continue going up, right? And so, as I started getting better at understanding that I need to understand that my losses are contributing to a winning statistic, that gave me more peace of mind when I would lose.

12:33And how do I know if it was a good loss? Did I follow my rules? Would I take that trade 10 out of 10 times then yes, it was a good trade and I'm not going to be mad about it. You know what I mean? Um, and a lot of people struggle with that, which understandable, but you have to build trust with the system. It's like I always tell people it's like a relationship, you know, you have to you have to trust it completely.

12:50If you don't give it 100% of your trust, it's going to backfire. So, how how do you think you actually start by building that trust? Because there's going to be a lot of people that come into this game very new, very ignorant to what the world of trading and investing can be like, and they're going to be having this strategy in front of them that they don't really have that trust and belief to begin with.

13:07So for a new trader, how do you get them to that stage where they have that belief so that they can be consistent with the things they're supposed to do? Yeah, I mean obviously trust is built really over two factors. Um time and execution in the sense of like reps. You need to get reps and if if you don't actually take it upon yourself to do it in the live markets to try to actually implement the strategy, you're not going uh to learn it.

13:34And I always say trading is sort of like a it's like a language. At first when you're learning these concepts and you're learning the strategy, you're you're memorizing it, right? The same way you memorize basic phrases when you're learning a new language just to get around. Uh but the more you speak it, the more fluent you become and the less you have to think about stuff and less you have to translate the sentences in your head. Um and so yeah, it it really is just a matter of time.

13:58And it's annoying because it it starts with force. like you have to force yourself to trust it at first. But once it proves to you that it is profitable, then you know now you have that peace of mind. There's other stuff you can do of course to build that trust. You can back test, right? Uh try to produce that positive win rate and and prove to yourself, yeah, this does work. So I can execute in live markets with confidence. That's a huge thing as well.

14:24Yeah, I like that. So you as part of what you did yourself and as part of what you teach, like back testing is an important piece to the puzzle. Back testing is important. I wouldn't say it's the most important. What I think back testing does is it gives you reassurance that something works. Okay? For example, I mean, everyone uses back testing differently. That's the way I used it.

14:45I never thought it was the determining factor of if my strategy is profitable or not because ultimately I want to see it play out live in the markets that I'm currently trading. Um, but when I would be able to produce, you know, 70% win rate with my strategy and back testing, I'm like, "Okay, this has to work, right?" Um, and sometimes like I kind of use it to catch myself if I if I feel like my confidence getting a bit shot.

15:06Uh, recently when I because I recently started trading on live account um, a month and a half, two months ago, like a big live account. Uh, first time I used to trade on a smaller live account just to sort of warm it up and now I decided to make the full transition. Um, and I started on a losing streak which was kind of scary but I was I just I looked back at all my recordings.

15:26I post all those sessions online and I was like, "Wow." Like, I could see the desperation in me to take setups to um just like ramp up the account fast. And I I was forcing things. I was forcing ideas. I wasn't doing like my normal just I don't know, my normal habits, right?

15:43And that shot my confidence a ton for a second. I was like, "Whoa, what am I doing? Like, this is not good." And that's when I back tested a bit. Not like an intense amount, but just back tested to bring myself back and be like, "Yeah, you know what you're doing, bro. Like, this works out perfectly. You just got to do it right. Yeah. Um so that's where I think

16:01back testing for me has had like the biggest impact. Just the continuous like reassurance that it all works out. Yeah. So you've you feel like you've noticed the difference in at least the transition in your psychology going from prop firms to trading like live accounts like personal accounts. Oh yeah. It's a it I'm I'm very open about it. It's just um I've never, you know, now I have all the capital I'm trading. It's it can disappear if over one bad day. And obviously I put like lockout rules and all these things.

16:28Um but it's it's a different ballgame. And I mean that's why I started the trading journey to begin with. That's why I started with prop firms. I wanted to be able to eventually be on my own account where I have no restrictions. Not because I want a full pore, not because I want to do this, um but because it gives me a one dedicated track record.

16:48I can pay myself out whenever I want. I can sometimes take a leap of faith if I have like uh some sort of like, you know, external bias. It's not like so mechanical in the way I trade. And let's say, for example, a day like today, I mean, I didn't end up like holding the the short um knowing everything that's going on. But today could have been a day where I was like, hm, okay, there's a lot going on in the markets right now where price can just dump really hard, so I could just leave a runner.

17:07in comparison to where on a prop account you wouldn't do that because of consistency rules and stuff like that. You know what I mean? So those it's little things really. Um but I think the biggest thing for me is just you know being able to pay myself out whenever and all that stuff. But you also highlighted like there's a there's an aspect to prop firms that they actually have these kind of guard rails that can really help you at the start of your journey. 100%.

17:37It it's Yeah. I mean, profirms, it's it's funny because if you have gambling tendencies, it works against you. If you are someone who's disciplined, it works with you and it'll always keep you in check and you can make so much damn money with prop firms, but you need to be someone who's really disciplined, right? The whole prop firm system, it feels sort of gamified, which it kind of is.

18:01It's almost like you have to pass a tutorial at first to then be able to like actually play the game and then pay yourself out if you build the buffer and all that stuff. And the thing is, most people aren't willing to play the game how it's supposed to be played. They want to take shortcuts, which is why very few people succeed. Y, you know what I mean? Um, but for those people who do want to get into trading at low capital risk with such huge potential uh of like return on your investment, it's the perfect system.

18:27You know what I mean? Like you don't need a lot of money nowadays with trading to make a lot of money because of prop firms. Yeah, for sure. For sure. You talked specifically about how you create these moments and scenarios which help to give you your kind of edge in the market. How have you done that inside of the prop firm space? Because I know obviously our audience is going to be a lot of prop firm traders.

18:51They're going to be wanting to to find or refine their edge over time. Talk to me a little bit about these scenarios that you create and how does that work for you? Yeah, so I I love making like little analogies in my head all the time. I think it's just like this ADHD part of me. Um, and I always did it in in the real world, too.

19:09Like, I'm kind of just always preparing for stuff. Let's say, I don't know, I'm in class and I think like, oh my god, what if someone walks in here right now and tries to like rob the class or something? What would I do? You know what I mean? Like, would I try to be a hero? What would what would I try to do? And I'm sure a lot of people can relate to that. Um, and I applied that like mindset in a way in trading where I'm like, okay, market's about to open up in five minutes.

19:31What are my ideal scenarios? what would I like to see happen and what's like um a scenario where if this happened opposed to what I was expecting, how would I react? So, for example, going into today, I had a my ideal scenario played out immediately. And I only had one scenario today, which is it's rer that I only have one scenario, right? I was bearish. I wanted to see a certain level get hit and then my entry present. And it's exactly what happened at market open.

19:56And so, sorry. People often confuse um that with like me being like discretionary, overconfident. Okay. Uh but I'm just being reactionary to my ideas. You get what I'm saying? And so I create these ideas before they present and then I execute when they present. It's almost like you're playing chess, right? Where you want, you don't know what your opponent's going to do, right?

20:22But you sort of create all these scenarios in your head where what if they did this? How would I react? And so that's what I'm doing. Okay, let's take a quick break here and I want to tell you about a prop firm that's actually trusted and proven to pay their traders. There's only one name you need to know about. It's Traderify. You see, Traderify Futures is one of the most trusted names in the industry.

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21:57You kind of have a mindset going into the day of kind of these if and then scenarios, right? You're kind of thinking of a scenario and you're saying to yourself, what would happen if the market does this and how would I react in that situation? Yeah. So, I always saw it as like I feel like I'm playing chess, right? And so, when you're playing chess, you don't know what your opponent's going to do, but you have like if he does this, how would I react?

22:22Same way I go into the markets every day where I create these A+ scenarios is what I call them. Um, I usually set one above and below, meaning if price goes up and hits this bearish key level, what would I want to see for a short? If price goes down and hits a bullish key level, what would I want to see for a long? You get what I'm saying? And so after that key level gets hit, I wait for the proper structure to create and then execute from there.

22:46Today I want to take a short. And so I mark out my key level above going into the market open. And before the market opens, I say, okay, I want to see this hourly high get hit. I want to see this 15-minute get hit. And I want to see a short setup present from there. And if I get that, I'll execute. And so that's how I build like this reactionary system in a sense where I go into things with zero hesitation that gets rid of the whole FOMO uh or you know all those bad habits where you're essentially not prepared.

23:13Yeah. Um and so that's what I try to preach to people. I'm like you guys just you're not you're waiting for something to happen, right? and then executing rather than creating this idea of what you would like to see and then executing that. That's going to give any trader 50 times more confidence. Um, so I always say that, you know what I mean?

23:40And like, yeah, your scenario is not always going to play out. Something else could happen, but then that's when you create a new scenario. Okay, well, now that the like I wanted to take longs, but now that the market is going lower, um, could I take like continuation shorts? Could I take counter trend um longs, but I would what would I wait for? what would I want to see? And that's always like how my brain is thinking. I'm trying to be like 10 steps ahead of the market every single time.

24:01Like if I'm like 15 minutes into the future. Um, and that's huge, right? Because when you have an edge, when you have a system, you need to envision what your system would look like in that current market condition. And so I found that to be like the best way to trade, which is like absolute confidence. I I like that. One thing I am interested like there you mentioned something a little bit earlier about this idea of one part of your edge is not compounding mistakes.

24:30Yeah. Do you feel like any of this kind of scenario preparation in your head is what allows you to kind of stop that? Like do you ever envision if this was to happen I expect this kind of bullish reaction from this level but if that doesn't happen and I get stopped out then I want to react like this. Like are you ever envisioning those scenarios? I do like place a firm one trade a day for myself. Okay. And it's technical and both psychological because obviously as humans we lose money.

25:00We want to make it back immediately. And I've realized that the times I do take two trades in one day after a loss. I double down on my loss. Um and I might not do it on purpose, but I 100% am sort of forcing sub something subconsciously because a scenario I wanted to see play out didn't play out. And now I want to get like my revenge pretty much. So, I mean, you know, I've learned a lot about myself through trading and I know for a fact that if my first setup fails, I I'd need to accept the loss.

25:29And that's just that's just how I've been. That's what works best for me. Yeah, for sure. You you mentioned one thing that you're you're obviously conscious of is like you share your journey fairly transparently on YouTube. You mentioned you kind of sit down in the morning, you hit record, and you post it to YouTube regardless of how the day is, the good, the bad, the ugly, right? How much do you find that despite all of your best efforts now, the scenario planning in your head?

25:54How do you recover from those mistakes that will inevitably occur because we're just human beings? Yeah, I mean I I definitely do have like this pressure since I'm being watched and I post my sessions, but like I said, it's like trusting your statistic and you're not going to build a profitable win rate being a robot because we're not robots. It's uh we're prone to mistakes. It's just about not doubling down on those mistakes, you know?

26:20So, I will have my days where I saw something wrong. I didn't get the setup I wanted. I took a loss that I didn't like. But if I'm going to just like dread on that, I'll most likely do something even dumber right after. So, I just need to accept that like, dude, I'm human. I I can't I can't be perfect all the time, you know what I mean? And just move on from it. Do you do you ever have to take a break away from the market to be able to have that acceptance and like what does that process look like for you?

26:42Are you away for a day, a week, like how does that work? I' I've taken long breaks before. If I have other stuff going on in life that's like messing with my head, I won't be trading. Um, trading is something that requires like your complete attention, your complete discipline and energy. And if I'm stressing out about other stuff in life, I have to deal with that first. So, it depends how long, you know, that is. But if I have to take care of family stuff, relationship stuff, I will do that first.

27:10I've taken a month off trading, I've taken two months off trading, you know what I mean? Um, it it just depends what's going on in my life. I have to respect those things that I'm dealing with completely. And is that something that you were like conscious about going in or is that something you had to learn the hard way? Like have you had a bad experience? I had to learn the hard way. I realized that I do use trading well I have used trading as like this um copout method from other things going on in my life.

27:34Um you know I think like the first time I really experienced it was um after I got after I got out of like a long relationship. Okay. Um I was having the best month of my life and I rinsed all the profits that same day and I was like what am I doing? you know, like I clearly need to avoid making this mistake in the future when it matters more, when I have more money. You know what I mean? And um yeah,

28:01you have to dude, it's all about trial and error. You have to learn the hard way. For sure. How how do you bounce back from moments like that? Because I I speak to a lot of traders that fall into a trap where they have these big mistakes or blowup moments or these these errors in judgment, whatever it is.

28:16And sometimes it's not always their fault. Sometimes it is a relationship or it's a family situation. Yeah. How do you go about bouncing back from that situation and then going back to business as usual? I think the first thing is always taking a step back, taking a break, whether it's a day or a week or a month. Um, and figuring yourself out again, journaling, reflecting. That's step number one. Step number two is going back to your roots. You know, when everything was working out, what was I doing?

28:41And then going right back to that. Yeah, I like that. you you've mentioned something a couple of times uh throughout our conversation today which is the importance for you about journaling right and you've obviously put a lot of emphasis on things which happen outside of actual trading that have a big per uh impact on your performance once you're in the markets what's your process of journaling like yeah I honestly I journal more so my goals the the why why am I doing this why did I start trading remind myself of that reason Um, journaling my trades at this point doesn't have too much of an impact for me.

29:16I obviously know what I'm doing, but I need to stay aligned with whatever I do in life to just continue feeling that passion um, and that drive to make it work, you know, and stay consistent. If you lose your root, if you lose your why, then there's no reason that for what you're doing. You know what I'm saying? For sure. So, I don't know. A lot of it's just reflecting for me like thinking uh, you know, what's what's my goals for this year?

29:43what I want to get out of trading. To me, it's not really about money. It's um more about funding like ideas I have, creative ideas, taking care of my family, traveling, not going back to like a life that I was dissatisfied with, you know what I mean? Um that's huge for me. Some days are hard, but I'm just like, I don't even want to trade. I want to go a month without trading. Like, I'm sick of this [ __ ] Uh even if I'm having a good month, it's just like this is boring.

30:08This is repetitive. Mh. But then I remember like all the effort I put in and you know everything that I'm working towards and I'm just like dude how could you throw away a skill that you've honed so well and you're just you do it so well and has gotten you so much in life. Um but yeah I think it's just you you need to diversify what you do and what you make with trading to make it worth it, you know.

30:34Do you do you mind if I ask what your why is? Is that something you've ever spoken about or willing to share? Um, honestly, my why, my my biggest why for sure is I just want to be with my family more and trading gives me a lot of time. I never want to sit under some office office lights again, completely honest. Uh, when I worked a corporate job and I would show up to meetings and I would present like financial reports for the marketing team, whatever.

30:59I would look around, I'm like, no one really cares what I'm saying here. No one really looks too happy in this position. Some people do like it. Some people like uh working a job like that. I I didn't. I always did like entrepreneurial things. I start I had a clothing brand. I had all these things and when I started trading, I kind of just wanted more money for my clothing brand at that time.

31:17Then uh trading took off more than I expected. And now I just uh I use trading to fuel my passions and take care of the people that I love. I just I just buy guitars and instruments and stuff like that. I I love playing music. So, um, I use it to fuel my passions freely, which is that's definitely my why. If I can travel, if I can be with my family, and I can play music as long as I want, then everything's going well. Yeah.

31:51I I like that because even just hearing how you speak about it, you feel very connected to that conversation. I can see like the cogs turning in your head. I can see you processing like exactly what that means to you. Yeah. for an aspiring trader. I think that there are a lot of people that come into this game really without the depth to their why.

32:07I think a lot of people it comes in on very like surface level goals like I want more money or I want more. It's a matter of desperation. It never works like that. Uh that's why like I always say trading is something that just it finds you. You can't find trading. Um, I I mean, at least I believe that's the only reason it worked out because I wasn't I wasn't in dire need of money at the time. I was 18. I was going into college.

32:35I wasn't really thinking about, you know, trying to become a millionaire, but I just wanted money to buy groceries whenever to Yeah. the basic things. Um, and I just enjoyed it. I thought it was like a video game. I had clocked in so many hours of video games prior to trading and, you know, gone on the leaderboards for [ __ ] like Rocket League and whatever. I'm like, dude, what if I put this amount of time into something that gives me an actual financial return?

32:56Um, so that's where I was with trading and I think that's why it worked. I wasn't desperate to make money, but I was excited to like pave a life that was totally in my control. Listen, I just [ __ ] hate listening to other people. When they other tell me when someone tells me what to do, I go crazy and I I can't help it. Like I'm just like I I'm It's not that I can't take criticism. I just don't like doing tasks for other people, right?

33:22And trading is what got me out of that, right? It's just me and myself and my own thoughts. And I think like I'm just like introverted in that way where I can spend an entire day in my in my thoughts. I go to the gym and I'll put on headphones and forget to play music for the two hours. I'll be in my car, don't play music. Like obviously I play guitar and stuff and that's sort of like my therapy.

33:41Yeah. But I spend so much time in my thoughts and I I struggle to work with other people for that reason. You know what I mean? So trading is like this great outlet for me to just be myself, like be unapologetically myself and not have to

34:00listen to anyone and just do things the way I like, you know? Do do you think people that have similar characteristics to what you described there would be a good fit for trading? Yeah, 100%. Um, I think most people I know with that are successful in trading are sort of that way. So, I just think people need to align themselves with something that's bigger than themselves. Uh, and money is not that thing, right?

34:25Money is like money, you give it as much value as you want, but that's not what's going to make you happy. You know, an actual purpose in pursuing something and building something throughout your life is what's going to give you true satisfaction. So if you can figure out what that is, what you really want to do and then take on a challenge like trading and use it as this sort of like okay this is I just want to prove to myself that I can do this and I can be profitable that I can reshape every aspect of my life and myself to master this skill that very few people succeed at.

34:56If you can develop that mindset, you can absolutely uh crush it with trading. But if all you ever think is I just need money. I need money to quit my job. I just want money. I just want money. I just want money. it's not going to work. That That's the irony of what the markets are always like though, right?

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36:04So, I I have um I have a final few things that I'd like to do with each guest on the episodes that we have. One of them is short and sweet. Few quickfire questions that I'd like to throw your way. Um the last one I will explain, but we call this confessions of a trader. Mhm. Um I want to start with some of the quickfire questions just to get your honest take on a few things.

36:25Um yes or no. Do you think anyone could make it as a trader? No. No. Interesting. Um, what's the one habit that you think improved your trading the most? Journaling and and sort of having these third p third third person perspect or like these like conversations with my younger self. You know what I mean? I always refer back to like my younger self um and ask pretty much my younger self like you know why am I doing what I'm what I'm doing? Am I doing it right?

36:57Am I taking the right steps? Um, and I think that's what that's what keeps me going, honestly. Like, I just know I'm making my younger self really proud right now, and I have to I have I have to I have to stick to that. I like that. I like that. Um, do you think there This is part of a quickfire question. Do you think you had a belief when you started trading that was not actually true?

37:18What was it? I mean, I think the basic man, I really did think I was going to make a whole lot of money in the first few months and get everything I wanted, but it was a it was a pretty rude awakening, I will say. Um, yeah, I didn't realize how many bad habits I had, honestly. I didn't realize how undisiplined I was. I didn't realize how how much of a gambling tendency I had.

37:43And all that needed to be fixed off the charts. And um, I did. I also realized that I surrounded myself a lot with people who didn't operate at the same frequency as me and that's something I had to change and improve that. I find that one really interesting like how how does that work for you? Do you did you purposefully move away and stop talking to people? Yeah, it's and I think it's something people will respect if they understand what your goals are. But my brother told me you are the average of the five people you surround yourself with most.

38:16And um that couldn't be more true. I was around people who didn't have that same goal that I did to work for themselves and build something bigger than themselves and go after those 1% dreams. Yeah. like my brain just constantly envisions what my future looks like 247. I'll be driving, I always start crying like sometimes just thinking of like what my future could look like. Um, and I realized not a lot of people think that way and it's not common.

38:47And that's sort of when I did realize that I am a bit more introverted and that's why I need like my personal space and my peace and I can't let people [ __ ] with it so I can just pursue what I want. Fair. Fair enough. Fair enough. Um, all right. So, last segment I want to cover with you today. Uh like I said, I call these confessions of a trader. Yeah. Um they are something that I have created from conversations, experiences with traders, and I think something that will probably be fitting for you.

39:13I want to read out to you and think of it like a trader is confessing part of their journey to you. And I just want to hear your honest thoughts, advice, things that you would tell them to to kind of help them through this stage. Um and we'll go from there. Sound good? Sounds good to me. Okay, cool. So today's confession of a trader says, "I accept that my issue isn't really my strategy anymore. I feel like I've got enough information.

39:42I feel like I've done enough back testing and I feel like I've consumed enough content, but I'm so dialed in it seems like it's affecting every other area of my life. I have poor sleep. I lack routines and I'm inconsistent with my discipline. How do I stop pretending I have a chart problem when I really have a lifestyle problem?" Yeah, I mean that's

40:04that's definitely a pretty big epiphany to have in life. And um there's I always tell people you have to think about it like you're sort of a car. Like if you look at there's someone always says like you know if you want a car there's three things about it. Fast, reliable and cheap. You can't have all three. There needs to be a sacrifice. You know what I mean? Same thing goes with humans. There's your social life, your health, and like your wealth in the sense of like the money.

40:29And when you want to get your wealth and your health up, you usually have to sacrifice the social aspect of it. You know what I mean? And all those other factors. You can rearrange it however you want. What it sounds like to me is that this person dug themselves super deep into like this education and information side of things that they've shut off other parts of their life that contribute to that success.

40:58Right? when you get so deep into the charts and they pretty much suck you in um you realize that you've closed off a lot of important factors in your life like taking care of, you know, your physical health, your mental health, eating healthy, exercising, journaling, and that's where the biggest success comes from because like I said, it's really easy to learn a strategy. It's just hard to reshape your life and apply it disciplinedly. So to that person um yeah I think you need to take a step back and understand that you're like your success isn't going to come from this uh at this point from looking at the charts more and back testing more.

41:25You need to sit down and reflect and and ask yourself like what could I be doing to improve today? What could I be doing to be better today than I was yesterday? Something I always did was I would ask my future self, right? like what would what would this successful Patty who has everything what would he be doing right now um to get to where he he is and I would sort of work backwards like that to use a little bit of future pacing right working in alignment with that future self yeah it's all bro it's all in the head it's all in the head it's it's all in the head and that's why I say like when you ask me can everyone make it in trading I don't say no out of like disrespect it's out of respect because some people just they don't want to make those sacrifices in in their life it is a lot.

42:09You know what I mean? Some people don't want to go through all that and I totally respect that. I didn't know I was getting myself into this at all. You know what I mean? Um, but for those of people who do want to make it like there's a lot you need to change about yourself. Fair. Fair. It's a very deep way to to close today's session. That's just how it is. You know what I mean? Trading really opens your eyes to things.

42:40Um, yeah. I don't know. I've always just kept it a buck with everyone online. It's not easy. It's not It's not It's very much possible. Yeah. And if you're watching this podcast, I'm sure like you're someone who wants it bad enough. Like I I can't imagine anyone who's watching a trading podcast and sitting through this hourlong session listening to all this advice wouldn't want it.

43:00You know what I mean? I know for a fact anyone behind the screen right now listening to me, is uncomfortable in the position they're in life and they're trying to make change and that's all that matters. They're in the right direction, you know, 100%. I love that. Patrick, thank you so much for your time today. It's been a pleasure speaking to you. Thank you so much for having me.

43:18Appreciate it. All right, guys and girls, it is that time of the episode again. Let us know in the comments below what was your biggest takeaway from Patrick. Was there a moment, a nugget of wisdom that he shared that opened your eyes to start thinking about how you trade a little bit differently.

43:34Let us know below. We'll be reading every single comment. If you enjoyed this video, make sure to like it, subscribe to the channel, and check out one of the other episodes that's probably on the screen in front of you. We'll see you guys in the next one. Take care.