Summary of If I Could Go Back & Tell Myself What I Know Now... Part 1 of 4

In the first part of the video series "If I Could Go Back & Tell Myself What I Know Now," the presenter reflects on personal experiences and lessons learned throughout his trading journey. He emphasizes the importance of self-awareness, risk management, and maintaining a balanced life while pursuing trading. Here are the key wellness strategies, self-care techniques, and productivity tips discussed:

Key Wellness Strategies and Self-Care Techniques:

Avoid Seeking Approval from Others:
- Do not seek validation from family, friends, coworkers, or strangers regarding your trading ambitions.
- Understand that their concerns often stem from a lack of knowledge about trading and can lead to discouragement.
Manage family time:
- Schedule dedicated family time and avoid distractions from trading during these moments.
- Prioritize family over market concerns to maintain a balanced life.
Be Patient with Your Development:
- Allow yourself time to learn and grow as a trader without rushing into decisions or expecting immediate success.
- Set realistic timelines for your trading goals.

Productivity Tips:

Master risk management:
- Understand the risks associated with trading and focus on managing them effectively.
- Appreciate the percentage of gains and losses rather than focusing solely on dollar amounts.
Limit Trade Frequency:
- Avoid overtrading by setting specific times for trading and sticking to them.
- Recognize that frequent trading increases the likelihood of losses.
Stick to One trading Strategy:
- Develop a consistent trading approach and avoid system hopping.
- Focus on mastering one method before exploring others.
Maintain a Study and Trade Schedule:
- Allocate specific times for studying the market and trading, and adhere to this schedule strictly.
Prevent Life Imbalances:
- Acknowledge the potential for trading to consume your time and negatively impact personal relationships.
- Balance your trading activities with personal life commitments.

Additional Insights:

Avoid Social Media Drains:
- Limit exposure to social media influences that can skew your perception of success in trading.
Don’t Measure Yourself Against Others:
- Focus on personal growth rather than comparing your progress to others, especially those who may not be genuine in their portrayals of success.
Be Willing to Accept Losses:
- Understand that losses are a natural part of trading and do not let them define your self-worth or trading journey.

Presenters/Sources:

The presenter shares personal anecdotes and insights based on his extensive experience in trading, providing a reflective and educational perspective for both new and seasoned traders.

Notable Quotes

— 03:02 — « Dog treats are the greatest invention ever. »

— 03:07 — « Don't seek the approval from others right away; that's the number one characteristic of a successful trader. »

— 26:57 — « I would give it all back if I could go back in time and be able to spend the time with my kids and my wife that I missed. »

— 28:20 — « You have to manage your family time and schedule it; this is the time for your family, no markets, no charts. »

— 31:00 — « Be willing to lose and lose a lot early on; it's part of it. »