1 00:00:00,755 --> 00:00:04,176 Hello, and welcome to the F t Yvette 2 00:00:04,176 --> 00:00:06,903 slip and nuts and bolts of football trading 3 00:00:07,532 --> 00:00:08,032 podcast 4 00:00:08,725 --> 00:00:09,679 episode 2. 5 00:00:10,634 --> 00:00:13,020 This series sits alongside, my Youtube series are 6 00:00:13,020 --> 00:00:13,657 the same name. 7 00:00:14,387 --> 00:00:15,922 That can be found on the F t 8 00:00:15,978 --> 00:00:17,331 income, Youtube channel. 9 00:00:18,206 --> 00:00:20,592 And if you like the videos and subscribe 10 00:00:20,911 --> 00:00:22,875 to the channel on Youtube, you'll make sure 11 00:00:22,994 --> 00:00:24,208 you do not miss 12 00:00:24,740 --> 00:00:25,772 an episode. 13 00:00:27,598 --> 00:00:29,027 So last time we talked about, 14 00:00:30,139 --> 00:00:31,909 our personal traits and 15 00:00:32,299 --> 00:00:34,539 sorting that side of it out. I'm gonna 16 00:00:34,539 --> 00:00:36,380 talk a little bit today about things that 17 00:00:36,380 --> 00:00:38,859 we can control and cannot control. I'm gonna 18 00:00:38,859 --> 00:00:40,060 start you off with a little quote, 19 00:00:41,670 --> 00:00:44,400 the chief task in life is simply this 20 00:00:44,458 --> 00:00:47,962 to identify and separate matters so I can 21 00:00:47,962 --> 00:00:49,657 say clearly to myself 22 00:00:49,969 --> 00:00:52,049 which are external or it's not under my 23 00:00:52,049 --> 00:00:54,210 control and which have to do with the 24 00:00:54,210 --> 00:00:55,969 choices I actually control. 25 00:00:56,609 --> 00:00:58,049 Where then do I look for good and 26 00:00:58,049 --> 00:00:59,284 evil? Not 27 00:00:59,662 --> 00:01:03,194 uncontrollable external, but within myself to the choices 28 00:01:03,333 --> 00:01:05,807 that are my own. And that is a 29 00:01:05,807 --> 00:01:06,739 quote from 30 00:01:07,339 --> 00:01:07,839 pick 31 00:01:08,697 --> 00:01:10,774 PCTETUS. 32 00:01:11,653 --> 00:01:13,512 And it kinda sums up 33 00:01:15,185 --> 00:01:16,064 the trading world, 34 00:01:17,825 --> 00:01:20,165 identifying the things that we can and cannot 35 00:01:20,225 --> 00:01:22,305 control within our betting trading environment, 36 00:01:23,918 --> 00:01:24,955 is really important. 37 00:01:25,832 --> 00:01:27,527 Humans by nature 38 00:01:28,064 --> 00:01:30,694 like to be in control or or or 39 00:01:30,694 --> 00:01:32,622 have a feeling of control. We We tend 40 00:01:32,622 --> 00:01:35,331 to develop a feeling of control even over 41 00:01:35,331 --> 00:01:37,403 things we have no input to and no 42 00:01:37,403 --> 00:01:40,214 control over. Is in our Dna being in 43 00:01:40,271 --> 00:01:41,568 control, mitigate 44 00:01:42,119 --> 00:01:42,914 the stress response. 45 00:01:43,789 --> 00:01:45,460 If you feel out of control, your stress 46 00:01:45,460 --> 00:01:47,153 levels go up because you can't 47 00:01:47,528 --> 00:01:48,903 control anything. So 48 00:01:49,293 --> 00:01:51,204 we always try and put ourselves in a 49 00:01:51,204 --> 00:01:53,933 position where we can control things sometimes completely 50 00:01:53,990 --> 00:01:54,309 irrational. 51 00:01:55,344 --> 00:01:58,069 But having control over that, for having that 52 00:01:58,069 --> 00:02:00,950 feeling of that control, it mitigate that stress 53 00:02:00,950 --> 00:02:01,109 response, 54 00:02:02,230 --> 00:02:05,030 it does help us facilitate better cognitive function. 55 00:02:05,189 --> 00:02:06,503 It helps us to 56 00:02:07,115 --> 00:02:08,147 make better decisions. 57 00:02:09,497 --> 00:02:11,720 But what we need to obviously is identify 58 00:02:11,720 --> 00:02:14,752 what is controllable, what can we actually control 59 00:02:14,752 --> 00:02:16,656 and this again is in inbox or walks 60 00:02:16,656 --> 00:02:18,719 life, but when we're betting trading, what can 61 00:02:18,719 --> 00:02:20,648 we control and what 62 00:02:21,673 --> 00:02:23,668 We can't control because then we can focus 63 00:02:23,668 --> 00:02:25,582 our areas on the trading that matter the 64 00:02:25,582 --> 00:02:27,337 most the ones we've got control over, 65 00:02:27,975 --> 00:02:29,979 and that the way that you're gonna increase 66 00:02:29,979 --> 00:02:31,570 your profitability and get 67 00:02:32,365 --> 00:02:33,637 better returns on what you do, 68 00:02:34,511 --> 00:02:36,976 where your... There's another same where your attention 69 00:02:36,976 --> 00:02:38,842 goes, so your inner energy flows 70 00:02:39,451 --> 00:02:41,036 and the same of that is true of 71 00:02:41,036 --> 00:02:41,536 of 72 00:02:42,224 --> 00:02:45,260 time and expertise. And there the the 3 73 00:02:45,568 --> 00:02:47,819 key resources, attention time and 74 00:02:48,195 --> 00:02:48,513 expertise. 75 00:02:49,389 --> 00:02:51,856 And when you focus them, that will influence 76 00:02:51,856 --> 00:02:54,101 how well you perform as a trading book 77 00:02:54,181 --> 00:02:55,933 I read, which I cannot recall. I I 78 00:02:55,933 --> 00:02:56,571 couldn't find. 79 00:02:57,526 --> 00:02:59,199 I've read so many books. I couldn't find 80 00:02:59,199 --> 00:03:00,018 it, but 81 00:03:00,968 --> 00:03:02,963 where they were on Kindle, I've probably deleted 82 00:03:02,963 --> 00:03:05,357 it. So Apologies to the author, but but 83 00:03:05,357 --> 00:03:07,831 it mentioned a process of within this topic 84 00:03:07,831 --> 00:03:08,331 of 85 00:03:09,677 --> 00:03:12,219 control... Cia, it's called the Cia approach, not 86 00:03:12,219 --> 00:03:13,729 the Cia in the Us they're gonna come 87 00:03:13,729 --> 00:03:14,444 and knock in your door, 88 00:03:15,238 --> 00:03:19,069 but control influence an accept. So see for 89 00:03:19,149 --> 00:03:20,922 I can control this. I 90 00:03:21,456 --> 00:03:24,262 for I can influence it and a 91 00:03:24,574 --> 00:03:27,131 for accepting that I cannot control this at 92 00:03:27,131 --> 00:03:28,889 this time and and a for me is 93 00:03:28,889 --> 00:03:30,887 1 of the big factors. You just need 94 00:03:30,887 --> 00:03:32,505 to look in football chat rooms 95 00:03:33,934 --> 00:03:34,173 football, 96 00:03:36,563 --> 00:03:38,634 forums, blogs, whatever Twitter even, 97 00:03:39,511 --> 00:03:41,024 or x, whatever it's called now. 98 00:03:42,393 --> 00:03:44,775 Where people wins about things that they cannot 99 00:03:44,775 --> 00:03:45,910 control, be it far, 100 00:03:47,951 --> 00:03:50,748 referee decisions, whatever it may be. And and 101 00:03:50,748 --> 00:03:52,744 the same goes actually in people who are 102 00:03:52,744 --> 00:03:55,379 planning their way to trading. So I've talked 103 00:03:55,379 --> 00:03:57,375 about this before people who are worried about 104 00:03:57,375 --> 00:03:58,433 premium charge 105 00:03:59,211 --> 00:03:59,711 before 106 00:04:00,104 --> 00:04:02,098 you know, they're miles away million miles away 107 00:04:02,098 --> 00:04:03,773 from it. So what you can't control that 108 00:04:03,773 --> 00:04:06,325 them minute. So it's it's further down the 109 00:04:06,325 --> 00:04:08,239 line. So why I put your time and 110 00:04:08,239 --> 00:04:08,877 energy into it, 111 00:04:09,675 --> 00:04:10,428 now now 112 00:04:10,958 --> 00:04:12,939 and your attention, You know, those things that 113 00:04:12,939 --> 00:04:15,420 we need now, why put it into 114 00:04:15,871 --> 00:04:16,663 stuff down the line. 115 00:04:17,791 --> 00:04:19,304 Interfering in other people's business? 116 00:04:20,579 --> 00:04:22,490 Again, you can't control what other people do? 117 00:04:22,729 --> 00:04:25,039 So why interfere with it? What what do 118 00:04:25,039 --> 00:04:26,486 you gain from it? What good is it 119 00:04:26,486 --> 00:04:28,472 for you? What what are you getting out 120 00:04:28,472 --> 00:04:30,061 of it? And as I say some people 121 00:04:30,061 --> 00:04:31,332 like to do it to feel superior or 122 00:04:31,332 --> 00:04:34,604 whatever. But but what's it actually adding to 123 00:04:34,604 --> 00:04:37,703 your performance. So for me, I'm interested in 124 00:04:37,703 --> 00:04:39,530 in you listening to this to make you 125 00:04:39,530 --> 00:04:41,298 a better trade that's what I want. That's... 126 00:04:41,618 --> 00:04:43,616 That's what I can control what I put 127 00:04:43,616 --> 00:04:46,093 out. I can't control how people use it. 128 00:04:47,292 --> 00:04:48,890 I can influence that to an extent. 129 00:04:49,623 --> 00:04:51,137 But I also then for me, I have 130 00:04:51,137 --> 00:04:53,209 to accept that people won't use it. But 131 00:04:53,209 --> 00:04:54,961 what are you doing for yourself? What are 132 00:04:54,961 --> 00:04:56,396 these things that you're doing and then we 133 00:04:56,396 --> 00:04:59,160 should identify them pretty damn quick and get 134 00:04:59,360 --> 00:05:01,839 rid of them. So when we are betting 135 00:05:01,839 --> 00:05:04,740 and trading, what are the elements we can 136 00:05:06,000 --> 00:05:06,800 control and influence? 137 00:05:08,332 --> 00:05:10,579 So in in the Youtube 138 00:05:10,953 --> 00:05:13,494 too, I started talking about the skills and 139 00:05:13,494 --> 00:05:15,798 things we need as a trade trader. We 140 00:05:15,798 --> 00:05:18,199 can learn to recognize those. We and control 141 00:05:18,199 --> 00:05:19,956 work. We can learn the skills that we 142 00:05:19,956 --> 00:05:20,675 need to progress, 143 00:05:21,794 --> 00:05:23,791 and we can stay focused on the development 144 00:05:23,791 --> 00:05:24,510 of those skills. 145 00:05:25,558 --> 00:05:27,539 As opposed to focusing on the money, 146 00:05:28,727 --> 00:05:30,312 which should purely be 147 00:05:31,104 --> 00:05:32,809 a result of the 148 00:05:33,186 --> 00:05:35,259 implementation of those skills and the processes we 149 00:05:35,259 --> 00:05:36,933 go through. So we can control all that. 150 00:05:37,810 --> 00:05:39,564 It's a human choice. We can control it. 151 00:05:39,723 --> 00:05:40,521 We can influence it. 152 00:05:42,923 --> 00:05:44,139 We can control 153 00:05:45,309 --> 00:05:47,059 where we want to end up. We control 154 00:05:47,059 --> 00:05:49,066 that the the... You know, we took a 155 00:05:49,066 --> 00:05:51,858 lot on on our training courses of goals 156 00:05:51,858 --> 00:05:53,953 and goal achievement, making them manageable 157 00:05:54,649 --> 00:05:55,149 measurable, 158 00:05:55,606 --> 00:05:56,106 achievable, 159 00:05:56,882 --> 00:05:59,207 a natural pro of setting goals. I go 160 00:05:59,207 --> 00:06:01,355 back to the first ever seminar I did 161 00:06:01,355 --> 00:06:03,980 was 20 12, and I talked about that. 162 00:06:04,139 --> 00:06:05,902 When I when I started. 1 of the 163 00:06:05,902 --> 00:06:07,569 first things I did was write a list 164 00:06:07,569 --> 00:06:08,124 of goals, 165 00:06:09,553 --> 00:06:11,879 and at that time, most of them were 166 00:06:11,934 --> 00:06:13,522 financial. I'm I'm not gonna deny that. 167 00:06:15,685 --> 00:06:17,436 But they change as life goes on. 168 00:06:18,551 --> 00:06:19,051 But 169 00:06:19,506 --> 00:06:21,790 if you've got clear goals that you're... That 170 00:06:21,989 --> 00:06:23,903 keep you focused and and they tend to 171 00:06:23,903 --> 00:06:25,738 that it tends to be a positive focus 172 00:06:25,738 --> 00:06:27,253 because we're heading in the right direction. 173 00:06:28,928 --> 00:06:31,321 It's something you can control and influence them 174 00:06:31,321 --> 00:06:32,773 really really help you. 175 00:06:34,850 --> 00:06:36,448 Identify the amount of risk that you like 176 00:06:36,448 --> 00:06:37,726 or that you'll be comfortable with, 177 00:06:38,939 --> 00:06:40,775 you know, that that again is purely within 178 00:06:40,775 --> 00:06:42,771 your control, How much money you allocate how 179 00:06:42,771 --> 00:06:44,229 much money you put on each 180 00:06:44,766 --> 00:06:48,768 trade or bit. Everything there is in your 181 00:06:48,768 --> 00:06:50,991 control. What you're comfortable with? It should be 182 00:06:50,991 --> 00:06:52,499 when you start, So it should obviously be 183 00:06:52,499 --> 00:06:54,087 money you can't afford to lose, but something 184 00:06:54,087 --> 00:06:55,198 that you'll be comfortable with. 185 00:06:56,487 --> 00:06:56,807 Staking. 186 00:06:57,445 --> 00:07:00,158 And then what we can... You know, we're 187 00:07:00,158 --> 00:07:01,354 gonna get to a level life love talk 188 00:07:01,354 --> 00:07:02,971 about this a lot as well of 189 00:07:03,523 --> 00:07:05,195 Let's say you start off at 50 pound 190 00:07:05,195 --> 00:07:06,549 steaks and you go really well you get 191 00:07:06,549 --> 00:07:08,460 up to 500 pound steaks. It'll have a 192 00:07:08,460 --> 00:07:10,690 different effect on you, and you over going 193 00:07:10,690 --> 00:07:13,351 through that period, you'll be control how you, 194 00:07:13,882 --> 00:07:15,864 react in that in that and how in, 195 00:07:16,023 --> 00:07:18,798 you know, in that that increased liability, that 196 00:07:18,798 --> 00:07:20,163 all of a sudden new loose 3 or 197 00:07:20,163 --> 00:07:21,998 4 bits at 500 pounds. It's a lot 198 00:07:21,998 --> 00:07:22,317 of money, 199 00:07:23,354 --> 00:07:24,869 but you've been you've been through it in 200 00:07:24,869 --> 00:07:26,863 a controlled way you've controlled here You've got 201 00:07:26,863 --> 00:07:28,618 there and hopefully, you've then been able to 202 00:07:28,618 --> 00:07:32,374 control those emotions to But initially, it's identifying 203 00:07:32,374 --> 00:07:34,759 that what is where are you comfortable now, 204 00:07:35,156 --> 00:07:36,985 and that's where you start. I always like 205 00:07:36,985 --> 00:07:39,941 people to feel slightly uncomfortable placing this stakes 206 00:07:39,941 --> 00:07:41,632 because I want them that feel of 207 00:07:43,592 --> 00:07:45,259 it not just being I well it doesn't 208 00:07:45,259 --> 00:07:47,085 matter. I want it to matter a little 209 00:07:47,085 --> 00:07:48,410 bit to them so that they 210 00:07:48,767 --> 00:07:50,279 I think it just spur people on a 211 00:07:50,279 --> 00:07:50,438 bit. 212 00:07:51,154 --> 00:07:53,142 You can control how you execute your trades 213 00:07:53,142 --> 00:07:55,211 at something you can do absolutely immediately. 214 00:07:56,498 --> 00:07:57,770 How you go about your betting, 215 00:07:58,486 --> 00:08:00,099 identifying what strategy you're gonna use 216 00:08:00,712 --> 00:08:02,779 executing it. That's... Everything there is in your 217 00:08:02,779 --> 00:08:04,329 control and and in 218 00:08:04,789 --> 00:08:06,789 in the in the Youtube session Somebody mentioned 219 00:08:06,789 --> 00:08:07,269 the phrase, 220 00:08:08,149 --> 00:08:10,550 taking responsibility. There's a great thing in the 221 00:08:10,550 --> 00:08:13,138 in betting trading well for people not taking 222 00:08:13,197 --> 00:08:13,697 responsibilities. 223 00:08:14,074 --> 00:08:16,147 It's somebody else's fault. Is the tips fault. 224 00:08:16,307 --> 00:08:18,221 Is the referee fault. It's Faa fault. 225 00:08:19,257 --> 00:08:19,757 Ultimately, 226 00:08:20,468 --> 00:08:23,249 only 1 person. You choose to subscribe to 227 00:08:23,249 --> 00:08:25,872 anything. That's purely a choice. You choose what 228 00:08:25,872 --> 00:08:27,621 you subscribe to. That is a choice. 229 00:08:28,193 --> 00:08:29,868 You choose whether you're gonna use it or 230 00:08:29,868 --> 00:08:31,622 not That is a choice. You choose whether 231 00:08:31,622 --> 00:08:33,376 you're gonna use it properly or not. That 232 00:08:33,376 --> 00:08:35,290 is a choice. You choose how much money 233 00:08:35,290 --> 00:08:36,566 you're gonna put into it, that is a 234 00:08:36,566 --> 00:08:39,477 choice. You choose how much you're gonna bet 235 00:08:39,537 --> 00:08:42,094 per game. All these are your choices. Nobody 236 00:08:42,094 --> 00:08:44,172 is coming around your house, holding a gun 237 00:08:44,172 --> 00:08:46,662 to your head, saying bet on that. It 238 00:08:46,662 --> 00:08:47,479 is purely 239 00:08:47,852 --> 00:08:48,352 controllable 240 00:08:48,885 --> 00:08:51,266 by you what you do and how you 241 00:08:51,266 --> 00:08:52,719 go about it and unfortunately, 242 00:08:53,251 --> 00:08:55,812 90, like don't think it is 99, but 243 00:08:55,812 --> 00:08:57,586 high 90 percent of people 244 00:08:57,963 --> 00:09:00,113 don't go about it anything like the right 245 00:09:00,113 --> 00:09:03,714 way, and they fall victim and easy him 246 00:09:03,714 --> 00:09:04,214 to 247 00:09:05,549 --> 00:09:07,167 the people who wanna... Who wanna 248 00:09:07,784 --> 00:09:08,902 you know, exploit it. 249 00:09:12,906 --> 00:09:13,543 You can 250 00:09:16,492 --> 00:09:16,992 control 251 00:09:18,963 --> 00:09:19,463 how 252 00:09:20,493 --> 00:09:21,312 how you 253 00:09:21,770 --> 00:09:24,424 act on the information you've got. So 254 00:09:24,961 --> 00:09:26,658 again, this comes down to a bit like 255 00:09:26,956 --> 00:09:27,409 execution, but 256 00:09:28,085 --> 00:09:29,061 if you are 257 00:09:30,389 --> 00:09:32,136 trading in play, for example, 258 00:09:32,534 --> 00:09:33,034 and 259 00:09:34,774 --> 00:09:36,524 red card for there is a prime example. 260 00:09:36,763 --> 00:09:38,434 You can control or how you react to 261 00:09:38,434 --> 00:09:40,606 that? How you... How you're gonna 262 00:09:41,459 --> 00:09:44,341 establish your trading execution to what you're going 263 00:09:44,341 --> 00:09:44,739 to do. 264 00:09:46,332 --> 00:09:49,598 All that... Everything there is your control. You 265 00:09:49,598 --> 00:09:51,031 can't influence the red card, 266 00:09:51,683 --> 00:09:53,827 you can accept the red card. You can 267 00:09:53,827 --> 00:09:56,368 control what you do around it rather than 268 00:09:56,368 --> 00:09:59,068 having this, like chicken light panic running around. 269 00:09:59,878 --> 00:10:00,836 I don't know what do I? What do 270 00:10:00,915 --> 00:10:02,032 I do, what do I do, which I 271 00:10:02,032 --> 00:10:02,532 see 272 00:10:03,308 --> 00:10:03,946 very often. 273 00:10:04,664 --> 00:10:05,164 So 274 00:10:05,541 --> 00:10:08,594 all those things are things that you can 275 00:10:09,051 --> 00:10:09,504 control 276 00:10:10,500 --> 00:10:11,933 you're in sole control of, 277 00:10:13,207 --> 00:10:13,707 and 278 00:10:14,162 --> 00:10:17,290 having that control should enable you to 279 00:10:18,317 --> 00:10:20,857 actually profit because you you... They're all... They're 280 00:10:20,857 --> 00:10:21,357 all 281 00:10:21,968 --> 00:10:23,635 decisions that you've got to make on how 282 00:10:23,635 --> 00:10:24,667 you're going, a lot of it can be 283 00:10:24,667 --> 00:10:26,865 done before you even place a trade, but 284 00:10:26,984 --> 00:10:29,443 obviously, they're having that trading plan sort of 285 00:10:29,443 --> 00:10:31,109 set up, you can control that. How you're 286 00:10:31,109 --> 00:10:32,537 gonna execute it all that. You've got it, 287 00:10:32,934 --> 00:10:34,917 and you've just got to act on it. 288 00:10:36,047 --> 00:10:37,084 Over a period of time. 289 00:10:38,360 --> 00:10:40,115 So there's always actions that you can take 290 00:10:40,115 --> 00:10:42,428 that improve your trading performance no matter how 291 00:10:42,428 --> 00:10:43,704 bad it seems no matter what you've done 292 00:10:43,704 --> 00:10:45,794 in the past, no matter what score scarring 293 00:10:45,794 --> 00:10:48,111 you've got. But again, it comes down to 294 00:10:48,111 --> 00:10:50,349 firstly, you will take responsibility for your performance 295 00:10:50,349 --> 00:10:51,787 of what you've done and why you've done 296 00:10:51,787 --> 00:10:51,947 it, 297 00:10:52,746 --> 00:10:54,996 you know, you can control things like fo. 298 00:10:55,235 --> 00:10:56,109 I know it can be hard. 299 00:10:56,825 --> 00:10:59,130 You can control reacting to what your peers 300 00:10:59,130 --> 00:11:01,594 are doing. All these things. So I I 301 00:11:01,594 --> 00:11:03,025 know these elements are hard. 302 00:11:03,582 --> 00:11:05,589 But the first thing is knowing what you 303 00:11:05,589 --> 00:11:08,778 can and cannot control and accepting it and 304 00:11:08,778 --> 00:11:10,793 taking control of your responsibility. 305 00:11:12,286 --> 00:11:15,571 The the uncertainty of the game we're in 306 00:11:15,571 --> 00:11:18,682 will always mean there's events outside you control. 307 00:11:18,921 --> 00:11:21,473 The 1 certainty is you cannot win every 308 00:11:21,473 --> 00:11:22,590 bit. There will be losers. 309 00:11:23,802 --> 00:11:25,878 And you can control how you respond to 310 00:11:25,878 --> 00:11:27,794 that, and you can throw the toys out 311 00:11:27,794 --> 00:11:29,311 the frame. You can give up you can 312 00:11:29,311 --> 00:11:30,349 shop and change systems, 313 00:11:31,626 --> 00:11:32,126 or 314 00:11:32,518 --> 00:11:34,746 you can take an adult view of it 315 00:11:34,746 --> 00:11:36,734 and go... Actually, there's nothing I can do 316 00:11:36,734 --> 00:11:39,121 about that. And I know variance happens, and 317 00:11:39,121 --> 00:11:41,122 we've loads of stuff on the website about 318 00:11:41,122 --> 00:11:44,299 variance and estimated losing runs, understanding all that 319 00:11:44,299 --> 00:11:46,626 again, you can control whether you learn that 320 00:11:46,841 --> 00:11:49,558 and and do anything with it or whether 321 00:11:49,558 --> 00:11:50,994 you just ignore it and don't do it 322 00:11:50,994 --> 00:11:52,611 and 1 of my 1 of my great 323 00:11:52,749 --> 00:11:54,504 frustrations as somebody trying to teach people out 324 00:11:54,504 --> 00:11:56,338 to do this stuff properly is people go. 325 00:11:56,498 --> 00:11:58,332 Yeah brilliant love that, and then they never 326 00:11:58,332 --> 00:12:00,814 revisit anything you always be revisiting stuff. 327 00:12:02,880 --> 00:12:04,470 And remember in the basics, you know, and 328 00:12:04,549 --> 00:12:06,830 Gal folks always get the fundamentals right and 329 00:12:06,949 --> 00:12:09,092 and there's nothing different about betting and trading. 330 00:12:09,409 --> 00:12:10,306 Get your fundamentals 331 00:12:10,679 --> 00:12:13,378 right, keep on top of them and then 332 00:12:13,378 --> 00:12:15,283 apply them to everything you do, and you 333 00:12:15,283 --> 00:12:16,888 will be much better. 334 00:12:18,716 --> 00:12:21,023 So some things you can... Just so there's 335 00:12:21,023 --> 00:12:22,613 lots of things you can control. There's other 336 00:12:22,613 --> 00:12:24,283 things you can just control or how you 337 00:12:24,283 --> 00:12:26,927 respond to them. So how you how you 338 00:12:26,927 --> 00:12:28,923 respond to a loss. You can't control with 339 00:12:28,923 --> 00:12:30,679 the loss. You can't control being in the 340 00:12:30,679 --> 00:12:32,516 loss. There's nothing you could have done because 341 00:12:32,516 --> 00:12:34,432 you've done everything else correctly. You've put the 342 00:12:34,432 --> 00:12:36,699 bet on you followed plan but it's... It's 343 00:12:36,993 --> 00:12:39,533 it's ended up in a loss, and they 344 00:12:39,533 --> 00:12:40,430 will happen 345 00:12:40,803 --> 00:12:43,025 every single time there'll be losses. It doesn't 346 00:12:43,025 --> 00:12:43,819 matter what you do. 347 00:12:44,708 --> 00:12:46,540 But you can control how you respond to 348 00:12:46,540 --> 00:12:48,053 them, so you can start getting down in 349 00:12:48,053 --> 00:12:49,725 the dumps. You could chase losses. 350 00:12:50,283 --> 00:12:52,353 You can give up and change your system 351 00:12:52,353 --> 00:12:52,853 or 352 00:12:53,245 --> 00:12:54,764 you can go, well, that's part of the 353 00:12:54,764 --> 00:12:56,044 process and control that. 354 00:12:57,725 --> 00:12:59,485 You can't control, you know, as you take 355 00:12:59,485 --> 00:13:01,164 that forward, you can't control drawdown downs, You 356 00:13:01,164 --> 00:13:02,857 know, lot, A lot of people want a 357 00:13:02,857 --> 00:13:05,332 scientific number on a drawdown. We can only 358 00:13:05,332 --> 00:13:06,790 ever do estimates. So 359 00:13:07,568 --> 00:13:09,324 we can look at what something is done 360 00:13:09,324 --> 00:13:11,240 drawn down before and it might be 25 361 00:13:11,240 --> 00:13:11,534 points 362 00:13:12,293 --> 00:13:13,572 and I can show you and go at 363 00:13:13,572 --> 00:13:16,448 over 10000 bets. This has only lost 25 364 00:13:16,448 --> 00:13:18,206 points. That doesn't mean it's only if gonna 365 00:13:18,206 --> 00:13:20,851 be 25 points. There will highly likely be 366 00:13:20,851 --> 00:13:22,442 a time when that gets beat and it's 367 00:13:22,442 --> 00:13:24,192 25 30, 35 points. 368 00:13:26,102 --> 00:13:27,773 But you can control how you respond to 369 00:13:27,773 --> 00:13:30,015 that because it's part again, it's part of 370 00:13:30,015 --> 00:13:31,549 the game. And if people do 371 00:13:33,118 --> 00:13:35,399 think that that these numbers are gospel locked 372 00:13:35,678 --> 00:13:37,585 losing run, You only gonna have it even 373 00:13:37,585 --> 00:13:40,127 money is 8. The biggest draw is 20 374 00:13:40,127 --> 00:13:40,445 points 375 00:13:41,319 --> 00:13:42,670 3 to 1, whatever it may be. 376 00:13:43,702 --> 00:13:46,188 Well, it isn't, and you've got to be 377 00:13:46,188 --> 00:13:48,420 prepared for more, and you've gained, you've gotta 378 00:13:48,420 --> 00:13:50,095 act... You know, when they... When the bad 379 00:13:50,095 --> 00:13:52,008 runs happen, how you respond to them. 380 00:13:53,539 --> 00:13:55,779 Is is really key to how you're gonna 381 00:13:55,779 --> 00:13:55,940 go. 382 00:13:56,740 --> 00:13:58,820 You can respond to missing out on how 383 00:13:58,820 --> 00:14:01,320 you respond to missing out an opportunity. So 384 00:14:01,700 --> 00:14:03,313 I don't know what might Let's give you 385 00:14:03,313 --> 00:14:05,227 an example. I say... Let's say you had 386 00:14:05,227 --> 00:14:07,380 the opportunity to join F fps ultimate, and 387 00:14:07,380 --> 00:14:08,816 you didn't for whatever reason, 388 00:14:09,694 --> 00:14:13,378 and then 8 months later, everybody is Going. 389 00:14:13,537 --> 00:14:15,371 Yeah. I had great returns. I did this 390 00:14:15,371 --> 00:14:16,727 that and the other. Can, you know, we 391 00:14:16,727 --> 00:14:18,004 see it a lot in the crypto market. 392 00:14:18,163 --> 00:14:20,237 People talking about how brilliantly they've done and 393 00:14:20,237 --> 00:14:22,231 other people going much I'd got in to 394 00:14:22,231 --> 00:14:22,684 that 395 00:14:23,125 --> 00:14:25,044 You can't do anything about it. You... What's 396 00:14:25,044 --> 00:14:27,284 happened? You can't control anything in the past. 397 00:14:27,764 --> 00:14:29,605 You can control how you respond to it, 398 00:14:29,764 --> 00:14:31,134 and you can con... Try what you do 399 00:14:31,134 --> 00:14:31,452 forward. 400 00:14:32,405 --> 00:14:33,756 And it's really, you know, 401 00:14:34,392 --> 00:14:34,892 really 402 00:14:35,345 --> 00:14:36,878 down to you again. So 403 00:14:37,650 --> 00:14:39,585 try What I'm trying to explain here is 404 00:14:39,585 --> 00:14:41,424 so much of what you do is down 405 00:14:41,424 --> 00:14:44,144 to you, and unfortunately, you have to man 406 00:14:44,144 --> 00:14:44,705 up a little bit. 407 00:14:45,438 --> 00:14:47,033 Or woman up in this day and age 408 00:14:47,113 --> 00:14:49,347 I better say or person up or he 409 00:14:49,347 --> 00:14:51,501 her, they she her at, whatever you've gotta 410 00:14:51,501 --> 00:14:51,660 say, 411 00:14:52,630 --> 00:14:53,584 in this day and age, 412 00:14:56,604 --> 00:14:58,352 to do the bits that suit you, it's 413 00:14:58,352 --> 00:15:00,101 got to suit you and you've gotta take 414 00:15:00,101 --> 00:15:00,816 responsibility for it. 415 00:15:01,706 --> 00:15:03,694 Quiet markets, you know, I've I've I've talked 416 00:15:03,694 --> 00:15:05,524 about this so many times. A lot of 417 00:15:05,524 --> 00:15:07,990 stuff I do is entering off kick off 418 00:15:07,990 --> 00:15:09,104 20, 25 minutes. 419 00:15:09,994 --> 00:15:12,296 Games have early goals. I can't control it. 420 00:15:12,455 --> 00:15:14,440 I can't influence it. I can't do anything 421 00:15:14,440 --> 00:15:16,664 about it all I can control is how 422 00:15:16,743 --> 00:15:19,388 I respond to it. And a bad response 423 00:15:19,388 --> 00:15:20,826 is to go and find games that I 424 00:15:20,826 --> 00:15:22,425 shouldn't be involved in because I want to 425 00:15:22,425 --> 00:15:24,662 have a bit. You know, the boredom causing 426 00:15:24,662 --> 00:15:26,581 me to go and have... It just happens. 427 00:15:26,820 --> 00:15:27,300 That is it. 428 00:15:28,110 --> 00:15:30,173 Being wrong. I've talked about this in the 429 00:15:30,173 --> 00:15:31,284 in the live show. 430 00:15:31,998 --> 00:15:32,316 I can't... 431 00:15:33,188 --> 00:15:34,537 I have views on football. 432 00:15:35,905 --> 00:15:38,216 And they're gonna be wrong. Sometimes. I thought 433 00:15:38,295 --> 00:15:40,366 Italy, it just had the euros. I thought 434 00:15:40,526 --> 00:15:40,844 Italy, 435 00:15:42,373 --> 00:15:43,192 would beat 436 00:15:43,569 --> 00:15:45,322 Switzerland. I thought they've beaten them comfortably. 437 00:15:46,597 --> 00:15:48,192 Just an opinion. That's what I thought I 438 00:15:48,192 --> 00:15:48,829 was horribly wrong. 439 00:15:50,754 --> 00:15:51,946 That's just what it is. 440 00:15:52,740 --> 00:15:54,725 There's nothing that I can do about it. 441 00:15:54,963 --> 00:15:56,869 I can influence it. I can influence the 442 00:15:56,869 --> 00:15:58,713 game. I had an opinion. And we're gonna 443 00:15:58,713 --> 00:16:00,786 get them wrong. Sometimes we will use data, 444 00:16:00,946 --> 00:16:02,621 and the data will say 1 thing, and 445 00:16:02,621 --> 00:16:04,376 the data will get it wrong. That is 446 00:16:04,376 --> 00:16:06,529 what is gonna happen. There's nothing we can 447 00:16:06,529 --> 00:16:08,378 do about it. We can't control it. We 448 00:16:08,378 --> 00:16:10,526 have to accept it. We can control our 449 00:16:10,526 --> 00:16:11,003 response to it. 450 00:16:12,912 --> 00:16:14,424 And you know, a big a big 1, 451 00:16:14,583 --> 00:16:16,412 I've I've talked about not not performing as 452 00:16:16,412 --> 00:16:17,700 well as your peers. That's... 453 00:16:18,653 --> 00:16:20,879 It's it's a thing because we can form 454 00:16:20,879 --> 00:16:23,184 community so quickly now online with things like 455 00:16:23,343 --> 00:16:24,774 Twitter, Instagram, Facebook. 456 00:16:26,618 --> 00:16:28,852 Everybody wants chat rooms forums and and as 457 00:16:28,852 --> 00:16:30,448 human beings, we crave, 458 00:16:32,284 --> 00:16:34,695 you know, being social, that's why. That the 459 00:16:34,695 --> 00:16:36,855 pandemic lockdown downs are difficult for people because 460 00:16:36,855 --> 00:16:38,934 you you kind of were cut off. It's 461 00:16:38,934 --> 00:16:41,334 in... Again, in our dna to lia with 462 00:16:41,334 --> 00:16:44,548 people socialize with people. I like socializing with 463 00:16:44,548 --> 00:16:45,827 some people I like a lot of time 464 00:16:45,827 --> 00:16:46,306 on my own. 465 00:16:47,425 --> 00:16:49,343 I like, prefer the time on my own 466 00:16:49,343 --> 00:16:50,701 to the socializing these days. 467 00:16:52,714 --> 00:16:54,142 But, obviously, when you're doing that, we are 468 00:16:54,142 --> 00:16:56,206 living life very much through a very narrow 469 00:16:56,206 --> 00:16:58,111 lens these days. You know, I feel terribly 470 00:16:58,111 --> 00:16:58,746 sorry for kids, 471 00:17:00,348 --> 00:17:02,490 growing up or I just can't get away 472 00:17:02,490 --> 00:17:05,504 from this. It's 24 7, the ability to 473 00:17:05,504 --> 00:17:06,773 compare yourself to somebody. 474 00:17:07,820 --> 00:17:09,172 You know, I've said, back in my day, 475 00:17:09,251 --> 00:17:11,477 we'd finished school on a Friday at 03:30, 476 00:17:11,953 --> 00:17:13,066 and you wouldn't see them, 477 00:17:13,940 --> 00:17:15,861 but maybe the odd friend, you wouldn't see 478 00:17:15,861 --> 00:17:17,290 them until Monday morning. 479 00:17:18,401 --> 00:17:20,623 So you had that downtime away from it 480 00:17:20,623 --> 00:17:22,289 at break, and you were with your family 481 00:17:22,289 --> 00:17:24,212 and doing other things. Friend Now, of course, 482 00:17:24,371 --> 00:17:26,124 they're all glued to their phones and devices. 483 00:17:26,283 --> 00:17:29,652 Their friends are bombarding them 24 7 videos 484 00:17:29,710 --> 00:17:32,100 of people living great lives. And and the 485 00:17:32,100 --> 00:17:34,503 gambling world is exactly the same. There's some 486 00:17:34,503 --> 00:17:37,447 absolute d digestible characters in the gambling world, 487 00:17:38,401 --> 00:17:40,151 and I'm I'm even talking some of the 488 00:17:40,151 --> 00:17:41,684 namely and there'll be people who may say 489 00:17:41,684 --> 00:17:43,845 that I'm d test and that's absolutely fine. 490 00:17:44,964 --> 00:17:46,024 But it's it's 491 00:17:46,404 --> 00:17:48,325 horrible when a lot of it. So much 492 00:17:48,325 --> 00:17:49,284 of it is pointless, 493 00:17:51,132 --> 00:17:53,840 and you can control whether you involve yourself 494 00:17:53,840 --> 00:17:55,831 in that circle, whether you wanna be part 495 00:17:55,831 --> 00:17:57,822 in that circle whether you let other people 496 00:17:57,822 --> 00:18:00,471 influence you, or comparing their results to yours 497 00:18:00,471 --> 00:18:01,189 influences you. 498 00:18:02,546 --> 00:18:05,101 You know, it's... I could give examples, but 499 00:18:05,181 --> 00:18:07,097 I won't... But I find it quite comic. 500 00:18:08,389 --> 00:18:10,702 You know, you'll see people post results. And 501 00:18:10,702 --> 00:18:12,217 and I know when that goes up that 502 00:18:12,217 --> 00:18:14,769 someone else is gonna post results because obviously, 503 00:18:14,929 --> 00:18:16,046 they wanna have a little bit of a 504 00:18:16,046 --> 00:18:17,720 pissing contest and all look at me. 505 00:18:18,532 --> 00:18:20,363 And and it just repeats. I just find 506 00:18:20,363 --> 00:18:22,193 it all a bit too bit childish and 507 00:18:22,353 --> 00:18:23,069 I'm using. Really. 508 00:18:23,706 --> 00:18:25,377 People who post those people who don't post 509 00:18:25,377 --> 00:18:27,144 a losing so they just give this air 510 00:18:27,144 --> 00:18:28,259 that they win all the time. 511 00:18:28,976 --> 00:18:30,887 And if you're if you're drowning yourself in 512 00:18:30,887 --> 00:18:32,719 that all the time, and you're not winning 513 00:18:32,719 --> 00:18:33,833 or you're on a bad run, 514 00:18:35,044 --> 00:18:36,880 what you're doing to yourself. You just you're 515 00:18:36,880 --> 00:18:39,036 just hammering. You just putting weights on your 516 00:18:39,036 --> 00:18:40,313 head that are weighing you down. 517 00:18:41,590 --> 00:18:43,107 And it's all controlled, but you can take 518 00:18:43,107 --> 00:18:45,275 yourself off it, You know, I know their 519 00:18:45,275 --> 00:18:47,104 stuff has become addictive in the algorithms. 520 00:18:47,502 --> 00:18:49,808 It is really simple. Every phone has got 521 00:18:49,808 --> 00:18:52,273 an off button. Every browser of windows got 522 00:18:52,273 --> 00:18:52,512 close. 523 00:18:53,799 --> 00:18:55,389 You do not need to do this stuff. 524 00:18:55,548 --> 00:18:57,161 You know, 1 of my 1 of my 525 00:18:57,536 --> 00:18:59,682 things that impressed me most in life was 526 00:18:59,682 --> 00:19:01,273 my boy when he he said he wanted 527 00:19:01,273 --> 00:19:02,599 to go to Cambridge and 528 00:19:03,119 --> 00:19:03,439 he 529 00:19:04,078 --> 00:19:04,578 decided 530 00:19:05,836 --> 00:19:07,515 that that's what he was gonna do. And 531 00:19:07,515 --> 00:19:08,793 so I talked about. He made a decision. 532 00:19:08,953 --> 00:19:09,992 That's what he was gonna do. 533 00:19:10,711 --> 00:19:12,010 And from 534 00:19:12,963 --> 00:19:14,079 to do it, obviously, he had to get 535 00:19:14,079 --> 00:19:15,673 really good a levels. And from when he 536 00:19:15,673 --> 00:19:18,245 started his a levels, he just deactivated 537 00:19:18,622 --> 00:19:19,658 all his social media. 538 00:19:20,710 --> 00:19:22,950 You know, and in a teenage world where 539 00:19:22,950 --> 00:19:23,450 it's 540 00:19:23,829 --> 00:19:24,329 it's 541 00:19:25,109 --> 00:19:26,549 a sort of steroid to them. 542 00:19:28,069 --> 00:19:29,509 You know, he just he just went no. 543 00:19:29,750 --> 00:19:31,921 That is that is a massive distraction to 544 00:19:31,921 --> 00:19:34,634 me. And he got into Cambridge and I'm 545 00:19:34,634 --> 00:19:35,831 going back a while now and I said 546 00:19:35,831 --> 00:19:36,470 to him, did, 547 00:19:37,666 --> 00:19:39,276 you missed that he said, didn't miss it 548 00:19:39,276 --> 00:19:40,629 and hasn't really gone back on it, 549 00:19:42,061 --> 00:19:43,732 because you actually realized you don't need it, 550 00:19:43,812 --> 00:19:45,245 and I maintained that if it all blew 551 00:19:45,245 --> 00:19:45,802 up tomorrow. 552 00:19:46,374 --> 00:19:47,810 The world would be a better place, and 553 00:19:47,810 --> 00:19:49,724 nobody would actually. We'd all start doing something 554 00:19:49,724 --> 00:19:50,841 else and nobody would miss it, 555 00:19:51,718 --> 00:19:53,473 but it's just become like... It's become like 556 00:19:53,473 --> 00:19:55,228 a drug. It's just become a junky thing 557 00:19:55,228 --> 00:19:55,786 for people. 558 00:19:56,838 --> 00:19:58,992 And it's really, really bad for you. So 559 00:19:58,992 --> 00:20:00,668 there is just stuff that you can control, 560 00:20:00,827 --> 00:20:03,003 and that's the sort of key theme of 561 00:20:04,193 --> 00:20:05,944 of it. And then there's other stuff you 562 00:20:05,944 --> 00:20:08,173 can control your response to services so you 563 00:20:08,173 --> 00:20:11,459 can't you can't influence penalties, penalties save, referee, 564 00:20:12,009 --> 00:20:15,112 you know, referee giving goals or dis goals 565 00:20:15,112 --> 00:20:17,260 like the liverpool goal at spur. We can 566 00:20:17,260 --> 00:20:18,533 jump up and down about it if we 567 00:20:18,533 --> 00:20:19,567 got a bit in the game. We can't 568 00:20:19,567 --> 00:20:20,522 do anything about it. 569 00:20:22,604 --> 00:20:25,067 They are inherent to what we do. They 570 00:20:25,067 --> 00:20:27,292 will always be there. 1 of the phrases 571 00:20:27,372 --> 00:20:29,970 I've used to the group's I'm mentor is 572 00:20:30,168 --> 00:20:31,304 you will see everything 573 00:20:31,757 --> 00:20:34,140 over the course of thousands and thousands of 574 00:20:34,140 --> 00:20:35,967 trades, you will see everything you will have 575 00:20:35,967 --> 00:20:37,397 games that are, you know, that 1 of 576 00:20:37,397 --> 00:20:39,835 my biggest ones was laying over 3.5 577 00:20:39,954 --> 00:20:41,863 I was Neil Neil on 89 minutes, and 578 00:20:41,942 --> 00:20:42,602 I lost 579 00:20:43,056 --> 00:20:45,124 and you look and go wow. And that's 580 00:20:45,124 --> 00:20:46,397 why I don't... You know, you can control 581 00:20:46,397 --> 00:20:48,564 whether you every result every goal going in. 582 00:20:49,043 --> 00:20:50,798 Some people like it. I don't see the 583 00:20:50,798 --> 00:20:51,994 point in it. I don't see what you're 584 00:20:51,994 --> 00:20:52,712 adding to yourself. 585 00:20:54,227 --> 00:20:56,301 Again, but again, you can control that. You'll 586 00:20:56,301 --> 00:20:58,385 see everything you can do your best to 587 00:20:58,385 --> 00:20:58,885 avoid 588 00:20:59,577 --> 00:21:01,588 the areas that give you discomfort 589 00:21:02,679 --> 00:21:04,587 and the negative impact they'll have on your 590 00:21:04,587 --> 00:21:06,512 minds. It on your approach, things. You can... 591 00:21:06,592 --> 00:21:07,945 A lot of that, you can control, 592 00:21:08,821 --> 00:21:10,573 and you can develop... Or... And and there's 593 00:21:10,573 --> 00:21:12,006 bits that you need to develop to be 594 00:21:12,006 --> 00:21:14,173 comfortable with so bigger stakes something you need 595 00:21:14,173 --> 00:21:16,727 to learn to be comfortable with bad decisions 596 00:21:16,727 --> 00:21:18,563 from referee, it's something you need to learn 597 00:21:18,563 --> 00:21:19,521 to be comfortable with. 598 00:21:20,319 --> 00:21:22,155 And once you do that will increase your 599 00:21:22,155 --> 00:21:25,435 chance is of maximizing your returns. But the 600 00:21:25,435 --> 00:21:27,664 the key element really from this 1 is 601 00:21:27,664 --> 00:21:28,164 to 602 00:21:28,859 --> 00:21:30,314 start to identify 603 00:21:30,944 --> 00:21:32,460 what you're good at, what you're not good 604 00:21:32,460 --> 00:21:34,773 at, work on the bits that that you 605 00:21:34,773 --> 00:21:35,252 can do. 606 00:21:38,940 --> 00:21:40,859 Identify the bits that you've really got control 607 00:21:40,859 --> 00:21:41,179 over, 608 00:21:42,539 --> 00:21:43,980 which will be a lot more than you 609 00:21:43,980 --> 00:21:44,220 think, 610 00:21:45,419 --> 00:21:47,770 assess you self with how you handle those 611 00:21:47,908 --> 00:21:49,424 situations and where it could be better, 612 00:21:50,142 --> 00:21:51,040 and what little 613 00:21:51,737 --> 00:21:53,571 what little changes you could make in your 614 00:21:53,571 --> 00:21:54,608 life to make them better. 615 00:21:56,859 --> 00:21:58,160 And you will become 616 00:21:58,460 --> 00:22:00,619 a much better trader with all these things 617 00:22:00,619 --> 00:22:02,299 that, you know, it keeps saying it's if 618 00:22:02,299 --> 00:22:04,619 you only if you want to do it. 619 00:22:05,353 --> 00:22:07,341 It's only all these things. You will only 620 00:22:07,341 --> 00:22:09,170 make these choices. You will only do these 621 00:22:09,170 --> 00:22:10,999 things if you really want to do it, 622 00:22:11,555 --> 00:22:13,861 or you will make excuses put up barriers 623 00:22:13,861 --> 00:22:14,895 to why you can't do it. 624 00:22:16,344 --> 00:22:17,322 And you won't 625 00:22:17,698 --> 00:22:19,609 you won't be as successful. So if you 626 00:22:19,609 --> 00:22:20,804 go back and listen to this and listen 627 00:22:20,804 --> 00:22:22,238 to the sort of things I've listed about 628 00:22:22,238 --> 00:22:24,204 the things you can control, make some notes 629 00:22:24,721 --> 00:22:26,869 and then apply that into what you're doing. 630 00:22:27,426 --> 00:22:29,255 I am certain that you will, 631 00:22:31,562 --> 00:22:34,599 improve your betting trading performance and that is 632 00:22:34,599 --> 00:22:37,859 solely what this, whole series is about. I 633 00:22:37,859 --> 00:22:39,450 will back be back with the next 1. 634 00:22:40,086 --> 00:22:42,312 After we've done the nuts and bolts, Youtube 635 00:22:42,312 --> 00:22:42,471 3.