📋 Video Summary

🎯 Overview

This video, part of a boot camp series, focuses on the psychology of trading, specifically goal setting. The speaker emphasizes the importance of a disciplined mindset and provides a practical method for setting and achieving goals, not just in trading, but in life. The video encourages viewers to move beyond simply wanting things and to actively create a path to achieve them.

📌 Main Topic

Goal setting and the process of achieving goals through structured planning and consistent action.

🔑 Key Points

• 1. Three Long-Term End Goals [0:00:52]

- The first step is to identify three overarching, long-term goals (10 years out) that you want to achieve, even if you don't know how to reach them yet.

- These can be life goals, not just trading related.

• 2. Ten Short-Term Goals/Steps Per Long-Term Goal [0:05:40]

- For each long-term goal, create ten short-term goals or actionable steps.

- These short-term goals are the daily actions that will lead to achieving the long-term goals.

• 3. Daily Completion of Short-Term Goals [0:09:57]

- Consistently work towards completing the short-term goals and taking steps in the right direction.

- This helps you stay on track and build momentum towards the long-term goals.

• 4. Read and Vocalize Goals Daily [0:16:05]

- Read and vocalize your goals aloud at least five times a day.

- Use "I am" or "I will" statements to state your goals as if they are already achieved.

💡 Important Insights

• • Psychology in Trading: The video stresses that psychology is crucial, and courses often lack in-depth coverage of it [0:00:14].
• • Action vs. Wishing: Goals are just dreams until action is taken [0:13:22].
• • Small Steps, Big Results: Consistent effort leads to long-term success [0:08:16].
• • Discipline and Motivation: The speaker emphasizes the importance of drive, motivation, and discipline [0:15:40].

📖 Notable Examples & Stories

• • Practice vs. Game Performance: The speaker uses the analogy of "practice players" in basketball to illustrate the importance of executing in real-world scenarios, like live trading [0:01:46].
• • Personal Goal-Setting Example: The speaker shares his goal of reaching 100,000 YouTube subscribers within the year, demonstrating the application of the method [0:14:55].
• • Personal Example of Goal Setting: The speaker shares that he used to say affirmations in the shower at 4 am to reinforce his goals [0:19:09].

🎓 Key Takeaways

• 1. Define clear, long-term goals (life and trading related).
• 2. Break down each long-term goal into manageable, short-term steps.
• 3. Consistently take action on those steps every single day.
• 4. Affirm your goals daily, visualizing their achievement.

✅ Action Items

□ Write down three long-term end goals. □ Develop ten short-term goals/steps for each long-term goal. □ Read and vocalize your goals aloud every day.

🔍 Conclusion

The video provides a practical, actionable method for setting and achieving goals, emphasizing the importance of planning, consistent action, and positive self-affirmation. By following these steps, viewers can create a path toward their desired future, not only in trading but in all areas of life.