The Psychological Trap That Destroys Great Traders

The Psychological Trap That Destroys Great Traders

WATCH OUR LATEST EPISODES ON YOUTUBE - http://www.youtube.com/@TheOneLanceB After 15 years and over $100 million in trading profits, I walked away (for the most part) on top, and in this video I break down why almost no trader ever does. I explain the psychological traps that keep us in the game far too long, from the hedonic treadmill and constantly moving goalposts to anchoring on your PNL high watermark and extrapolation bias during hot streaks. I also share the exact systems I used to protect myself from my own brain when emotions run highest. If you want to understand trading psychology, risk management, and why survival and longevity are the real edge, this is the video for you. ✅ Join my trading course ➡️: https://theonelanceb.com/ 🐂 All free content is sponsored by Clear Street, my broker of choice! https://tinyurl.com/ClearSt-Lance ___________________________ 📱Follow my socials: X: https://x.com/TheOneLanceB Insta: https://www.instagram.com/theonelanceb ___________________________ 🎥 I suggest you watch these next: Why Your Trading PnL Doesn't Matter: https://youtu.be/EgFXjEpSy50 The Do Nothing" Strategy: Why Your Trading PnL Doesn't Matter: https://youtu.be/EgFXjEpSy50 ___________________________ ABOUT ME If you’re new to my channel, my name is Lance Breitstein. I spent over a decade trading equities at Trillium, setting the record for the highest PNL in a single year as their Top Trader. I trained dozens of traders to become successes while managing Trillium’s Chicago office. With over $100m in verified profits, I now spend my time focused on turning good traders into greats and greats into GOATs. Advisor to SMB Capital and mentor of 7- and 8-figure PER YEAR traders. I am to be profiled in the next edition of Jack Schwager’s Market Wizards. The journey is never easy. Trading is one of the most difficult, but most rewarding jobs imaginable. I am here to help you on your path, wherever that leads you. May you want it bad enough to overcome any obstacles. -(The One) Lance B ___________________________ DISCLOSURE Information shared here is for educational purposes only. This is not investment or trading advice. Make your own independent decisions. Full terms: https://theonelanceb.com/terms-of-service/ Chapters: 00:00 Why Traders Fall for This Trap 00:16 Reason 1 02:12 Reason 2 04:17 Reason 3 05:36 Reason 4 10:00 How to Avoid Falling for It #wallstreet #financialfreedom #tradingcoach #activetrader #marketprep #daytrading #trader #tradingpsychology #tradingmindset #tradingroutine #stocktrading #proptrade #tradingdiscipline #tradertips #tradinghabits #stockmarket #daytrader #tradinglife #tradingmotivation #tradereducation #tradingstrategy #tradingtips #learntotrade #tradingjournal #traderlifestyle

I Only Trade Stocks That Meet This Criteria

WATCH OUR LATEST EPISODES ON YOUTUBE - http://www.youtube.com/@TheOneLanceB Here’s how to find in play stocks and build a strong trading watchlist. You’ll learn how to identify stocks in play, how to choose stocks in play, and spot momentum stocks with reliable day trading setups. I’ll also cover how to scan for stocks in play, locate high volume stocks, and pick the top stocks for day trading. ✅ Join my trading course ➡️: https://theonelanceb.com/ 🐂 All free content is sponsored by Clear Street, my broker of choice! https://tinyurl.com/ClearSt-Lance ___________________________ 📱Follow my socials: X: https://x.com/TheOneLanceB Insta: https://www.instagram.com/theonelanceb ___________________________ 🎥 I suggest you watch these next: https://youtu.be/D2P-0xh6aEM https://youtu.be/62qSFeXa9z0 https://youtu.be/FHo1qxHRG98 https://youtu.be/H01JbbEY7ac ___________________________ ABOUT ME If you’re new to my channel, my name is Lance Breitstein. I spent over a decade trading equities at Trillium, setting the record for the highest PNL in a single year as their Top Trader. I trained dozens of traders to become successes while managing Trillium’s Chicago office. With over $100m in verified profits, I now spend my time focused on turning good traders into greats and greats into GOATs. Advisor to SMB Capital and mentor of 7- and 8-figure PER YEAR traders. I am to be profiled in the next edition of Jack Schwager’s Market Wizards. The journey is never easy. Trading is one of the most difficult, but most rewarding jobs imaginable. I am here to help you on your path, wherever that leads you. May you want it bad enough to overcome any obstacles. -(The One) Lance B ___________________________ DISCLOSURE Information shared here is for educational purposes only. This is not investment or trading advice. Make your own independent decisions. Full terms: https://theonelanceb.com/terms-of-service/ Chapters: 00:00 What Are In-Play Stocks 02:26 How Do You Find In-Play Stocks 04:34 Where To Find Them 04:54 In Play Stock Examples #InPlayStocks #StocksToBuy #TradeIdeasStocksInPlay #HowToIdentifyStocksInPlay #HowToChooseStocksInPlay #DayTradingForBeginners #MomentumStocks #DayTradingSetups #HighVolumeStocks #TradingWatchlist #TopStocksForDayTrading #HowToScanForStocksInPlay #BreakoutTradingStrategies #BreakoutStocks #TradingStrategies

How to Stop Guessing with Your Stop Losses

WATCH OUR LATEST EPISODES ON YOUTUBE - http://www.youtube.com/@TheOneLanceB Here’s how to use a stop loss and trailing stop losses like pro traders (instead of guessing). When stop losses are used effectively for day trading, they transform your risk management and maximize profits. This video will cover how I use stop losses in my trading and the common mistakes retail traders make when setting stop losses. ✅ Join my trading course ➡️: https://theonelanceb.com/ 🐂 All free content is sponsored by Clear Street, my broker of choice! https://tinyurl.com/ClearSt-Lance ___________________________ 📱Follow my socials: X: https://x.com/TheOneLanceB Insta: https://www.instagram.com/theonelanceb ___________________________ 🎥 I suggest you watch these next: https://youtu.be/D2P-0xh6aEM https://youtu.be/62qSFeXa9z0 https://youtu.be/FHo1qxHRG98 https://youtu.be/H01JbbEY7ac ___________________________ ABOUT ME If you’re new to my channel, my name is Lance Breitstein. I spent over a decade trading equities at Trillium, setting the record for the highest PNL in a single year as their Top Trader. I trained dozens of traders to become successes while managing Trillium’s Chicago office. With over $100m in verified profits, I now spend my time focused on turning good traders into greats and greats into GOATs. Advisor to SMB Capital and mentor of 7- and 8-figure PER YEAR traders. I am to be profiled in the next edition of Jack Schwager’s Market Wizards. The journey is never easy. Trading is one of the most difficult, but most rewarding jobs imaginable. I am here to help you on your path, wherever that leads you. May you want it bad enough to overcome any obstacles. -(The One) Lance B ___________________________ DISCLOSURE Information shared here is for educational purposes only. This is not investment or trading advice. Make your own independent decisions. Full terms: https://theonelanceb.com/terms-of-service/ ___________________________ Chapters: 00:00 How to Set Stop Losses 00:23 What is a Stop Loss 01:04 Stop Loss Mistakes 02:58 How Pros Set Stop Losses #tradingstrategy #tradingpsychology #swingtrading #trading #lancebreitstein #daytrading #stocks #finance #stockmarket #tradingeducation #stoploss #howtosetstoploss #stoplossorders #stoplossstrategy #stoplossorder #stoplosshunting

How to Use Multi-Timeframe Analysis & Find the Best Trading Setups

WATCH OUR LATEST EPISODES ON YOUTUBE - http://www.youtube.com/@TheOneLanceB Learn how trading multiple timeframes can help you increase trading profits by refining your trading strategies. In this video, I break down different timeframes in trading and explain how to combine them (intraday, daily, weekly). Knowing how to combine trading timeframes will improve how you identify the best trading setups and increase the chances of trading success. ✅ Join my trading course ➡️: https://theonelanceb.com/ 🐂 All free content is sponsored by Clear Street, my broker of choice! https://tinyurl.com/ClearSt-Lance --------------------------------------------- 📱Follow my socials: X: https://x.com/TheOneLanceB Insta: https://www.instagram.com/theonelanceb --------------------------------------------- 🎥 I suggest you watch these next: https://youtu.be/vKy6Q9hwon4 https://youtu.be/27cXk34t1gI https://youtu.be/5wxNwS-FtZQ https://youtu.be/L5C4vO-SH5w --------------------------------------------- ABOUT ME If you’re new to my channel, my name is Lance Breitstein. I spent over a decade trading equities at Trillium, setting the record for the highest PNL in a single year as their Top Trader. I trained dozens of traders to become successes while managing Trillium’s Chicago office. With over $100m in verified profits, I now spend my time focused on turning good traders into greats and greats into GOATs. Advisor to SMB Capital and mentor of 7- and 8-figure PER YEAR traders. I am to be profiled in the next edition of Jack Schwager’s Market Wizards. The journey is never easy. Trading is one of the most difficult, but most rewarding jobs imaginable. I am here to help you on your path, wherever that leads you. May you want it bad enough to overcome any obstacles. -(The One) Lance B --------------------------------------------- DISCLOSURE Information shared here is for educational purposes only. This is not investment or trading advice. Make your own independent decisions. Full terms: https://theonelanceb.com/terms-of-service/ --------------------------------------------- Chapters: 00:00 Multi-Time Frame Trading Analysis 00:37 Why We Want to Align Timeframes 03:28 Trading Examples 05:58 2 Critical Tips #swingtrading #trading #lancebreitstein #daytrading #stocks #finance #stockmarket #tradingeducation

The First Step in Every Winning Trade (How to Find Expected Value)

WATCH OUR LATEST EPISODES ON YOUTUBE - http://www.youtube.com/@TheOneLanceB Trading expected value tells you how likely you are to have a trading edge over a period of time, and it is non-negotiable to know this to become a profitable trader over time. This video covers how to calculate expected value and how to apply it to trading. ✅ Join my trading course ➡️: https://theonelanceb.com/ --------------------------------------------- 📱Follow my socials: X: https://x.com/TheOneLanceB Insta: https://www.instagram.com/theonelanceb --------------------------------------------- 🎥 Check out my other videos: My $100M Daily Report Card: https://youtu.be/vKy6Q9hwon4 15 Years of Trading in 15 Minutes: https://youtu.be/27cXk34t1gI My Bobblehead Trading Concept: https://youtu.be/fpwQd__kGSQ --------------------------------------------- If you’re new to my channel, my name is Lance Breitstein. I spent over a decade trading equities at Trillium, setting the record for the highest PNL in a single year as their Top Trader. I trained dozens of traders to become successes while managing Trillium’s Chicago office. With over $100m in verified profits, I now spend my time focused on turning good traders into greats and greats into GOATs. Advisor to SMB Capital and mentor of 7- and 8-figure PER YEAR traders. I am to be profiled in the next edition of Jack Schwager’s Market Wizards. The journey is never easy. Trading is one of the most difficult, but most rewarding jobs imaginable. I am here to help you on your path, wherever that leads you. May you want it bad enough to overcome any obstacles. -(The One) Lance B --------------------------------------------- Chapters: 00:00 What is Expected Value 00:37 How to Calculate Expected Value 06:11 How to Apply Expected Value to Trading DISCLOSURE Information shared here is for educational purposes only. This is not investment or trading advice. Make your own independent decisions. Full terms: https://theonelanceb.com/terms-of-service/ #swingtrading #trading #lancebreitstein #daytrading #stocks #finance #stockmarket #tradingeducation #expectedvalue #probability #tradingstrategy