In this series I reflect on challenges traders tell me they're struggling with. In this episode the challenge was "I struggle with patience following the strategy."

Zen & The Art of Trading:

• Courses & Free Content!

Episode Links & Resources:

• [How to Increase Your Willpower & Tenacity]https://www.youtube.com/watch?v=cwakOgHIT0E&ab_channel=TheArtofTrading

There are many common themes and threads among the world's most successful traders.

The self-discipline and self-awareness to conquer the markets and themselves, the self-confidence and openness to take risk, the humility to accept losses and know when they are wrong, and the endurance to take the pain of not only losing money, but also failing to make a correct call - repeatedly.

But one of the most under-appreciated and talked about aspects of the most successful traders in the world is the fact that they treat their trading like a business.

Zen & The Art of Trading:

• Courses & Free Content!

Episode Links & Resources:

• Original Blog Article
• The Math of Winning

This episode explores my theory and ideas around the high failure rate in trading. I don't believe traders fail just because of the technical reasons. They say 90% of traders fail at trading, but is this because trading is extremely difficult, or is it because only certain types of people have the right attitude and dedication towards their craft?

Zen & The Art of Trading:

• Courses & Free Content!

Episode Links & Resources:

• Original Blog Article
• Jordan Peterson's Pareto Lecture
• Dean Yeong's Pareto Article
• Quora Examples of Pareto in Nature
• Jordan Peterson's Lecture on Setting Meaningful Goals

Jesse Livermore's story is fascinating, and the book Reminiscences of a Stock Operator is one of the most memorable books I’ve ever read. In this episode I break down 21 of Jesse's trading rules, what they mean to us today as modern traders, and share my thoughts on his suicide and what we can learn from this great but troubled trader's life and career.

Zen & The Art of Trading:

• Courses, Socials & Free Content!

Episode Links & Resources:

• Original Blog Article
• Reminiscences of a Stock Operator
• Mark J. Perry's Fortune 500 Study
• Turney Duff's Book 'The Buy Side'

More Info About Jesse Livermore:

• Reminiscences of a Stock Operator
• Jesse's Book: How to Trade in Stocks
• Jesse's Wikipedia Page
• Jesse's Trade Records

In this episode I share my thoughts on trading frequency - should you try to take more trades to make more money, or should you employ a quality over quantity mindset?

Zen & The Art of Trading:

• Courses, Socials & Free Content!

Episode Links & Resources:

• Original Blog Article
• Rich Trader by Steve Burns
• Reminiscences of a Stock Operator

In this episode I share my thoughts on financial media and how it factors in to your trading. I like to refer to financial news as “financial entertainment”. It makes a lot more sense that way.

Zen & The Art of Trading:

• Courses, Socials & Free Content!

Episode Links & Resources:

• Original Blog Article
• Trust Me, I'm Lying by Ryan Holiday
• How SMB Capital Trade News Catalysts

Most traders think that their win percentage is the most important performance statistic of their trading. The relieving truth is this is not the case. In this episode we explore the subject of winning percentage in great detail and dispel all of the myths you might have been led to believe.

Mathematical Formulas:

• WinRate = (WinningTrades ÷ TotalTrades) x 100
• MinimumWin% = Risk ÷ (Risk + Reward) x 100
• AverageGain = WinningTotal ÷ TotalWinningTrades
• AverageLoss = LosingTotal ÷ TotalLosingTrades
• Expectancy = ((1 + (AverageGain ÷ AverageLoss)) x WinRate) - 1

Zen & The Art of Trading:

• Courses & Free Content!

Episode Links & Resources:

• Original Blog Article
• Jordan Peterson's Rat Lecture
• Akil Stokes: Why I Prefer NOT To Win Big
• Rayner Teo's Risk:Reward Article

Scienctific research and the experience of countless successful people has shown that having a mentor to help guide you through a learning journey is one of the most effective ways to guarantee your own success.

Nowhere is this more true than in trading.

This episode explores my thoughts and experiences regarding mentorship, and includes a few tips on how you can find your own perfect trading mentor.

Zen & The Art of Trading:

• Courses & Free Content!

Episode Links & Resources:

• Original Article
• Pit Bull by Buzzy Schwartz
• Steven Hart
• Jason Graystone
• Akil Stokes
• Mike Bellafiore & SMB Capital