Midweek Mentoring Session Highlights

Opening Remarks and Celebrations

• The session begins with a light-hearted question about marriage, followed by a playful reference to the song "I Should Have Been a Cowboy."

• The speaker reminisces about cowboy life, mentioning sidekicks and adventures reminiscent of classic Western tales.

• A poetic description of California is shared, highlighting themes of freedom and adventure under the stars.

• The speaker expresses enthusiasm for country music and its connection to personal experiences.

Personal Updates

• Big T shares impressive gains from Google calls, celebrating a $100K profit while the speaker mentions their own $35K gain.

• The speaker reflects on their recent birthday celebration, humorously stating they turned 39 again.

• They recount various birthday activities including family outings like going to the range, movies, and dining together.

Reflection and Growth

• Emphasizing the importance of reflection during birthdays, the speaker encourages others to consider their growth over the past year.

• They quote Socrates on living an examined life as essential for personal development.

Trading Insights

• The speaker reassures attendees about their trading performance in Google calls and Apple calls despite technical difficulties in sharing screenshots.

Humor Segment

• A joke segment is introduced as part of creating a fun atmosphere; it’s noted that trading should be enjoyable rather than solely focused on profits.

• A humorous exchange with one of his sons reveals his son's budding talent for dad jokes.

• The son’s joke about waking up Lady Gaga showcases his creativity and timing in humor.

Upcoming Content Overview

• The session transitions into discussing upcoming topics including announcements related to market analysis (MA), mindset sessions, and trade ideas.

Ask Me Anything Announcement

Introduction to the AMA Session

• The speaker invites participants to engage in an "Ask Me Anything" (AMA) session, expressing a desire for more interaction and feedback from the audience.

• Typically, the speaker prefers gathering questions through a survey prior to such sessions but is open to spontaneous inquiries this time.

Announcement of New Initiative

• A participant named Stafford expresses interest in hearing an announcement, prompting the speaker to share important news.

• The speaker introduces Trader Becca, highlighting her as a female trader and colleague who has been involved in trading education sessions.

Focus on Female Traders

• The speaker reflects on their experiences at trading events, noting that discussions often involve predominantly male traders.

• Recognizing the need for inclusivity, the speaker emphasizes that they gain valuable insights from women, particularly their wife.

Creation of a Women’s Trading Room

• The main announcement reveals plans for a new trading room exclusively for women, led by Becca. This space aims to foster community among female traders.

• The initiative is designed for women to share insights and support each other in trading discussions without male presence.

Name and Structure of the Initiative

• The new initiative will be called "Bullish Bells," which aims to create an inviting environment for female traders.

• Regular programming will be scheduled within this space; access will be free for all female members associated with Tim Sykes' platforms.

Encouragement and Support

• The speaker encourages participation from all female traders across various platforms while ensuring that men are not part of this specific group.

• Emphasizing respect and appreciation for female traders, the speaker highlights their commitment to creating supportive spaces tailored specifically for them.

Conclusion of Announcement

• There is no charge associated with joining Bullish Bells; it is intended as a resource recognized as necessary by both Tim Sykes and his team.

• Becca will lead this initiative with encouragement from the community; those interested in supporting her are invited to reach out directly.

Discussion on Trading Ideas and Mindset

Introduction to Communication

• The speaker discusses setting up a casual environment for interaction, emphasizing camaraderie among participants.

• Instructions are given on how to connect with Becca via direct messaging or tagging her in the chat.

Trading Ideas Presentation

• The speaker presents two trading ideas: Pan W and Google options, indicating a preference for discussing these immediately.

• Emphasis is placed on having a structured trading plan that stems from a defined process, highlighting the importance of preparation.

Understanding Indicators

• A leading indicator is introduced as an essential tool for traders, specifically mentioning smart money trades related to Pan W.

• Lagging indicators are discussed using Pan W's chart patterns as examples of relative performance against market trends.

Market Analysis Insights

• The speaker illustrates Pan W's resilience during market downturns, showcasing its ability to maintain stability despite external pressures.

• Google’s intraday setup is analyzed through an ascending wedge pattern, linking it to recent news that positively impacted the stock.

Trade Triggers and Alerts

• Price levels are identified as critical triggers for executing trades; specific thresholds for both Pan W and Google are outlined.

• The necessity of setting alerts above key price points (e.g., 1.95 for Pan W and 2.30 for Google) is emphasized to monitor potential breakout opportunities.

Conclusion of Trading Session

• The speaker expresses confidence in the proposed calls for both stocks while encouraging participants to stay engaged with their trading strategies.

• Information about accessing smart money indicators is provided, reinforcing the need for proper tools in trading success.

Trading Insights and Performance Under Pressure

Microsoft Trade Discussion

• The speaker reflects on a recent successful trade involving Microsoft, indicating satisfaction with the outcome.

• Acknowledges Mr. Anderson from Earnings Edge for his call on Affirm, which also turned out to be profitable.

Announcement of New Initiatives

• The speaker seeks permission to discuss a new psychology-focused segment related to trading.

• An announcement is made about creating a dedicated trading room for women, referred to as "Bullish Bells."

Mindset Session Introduction

• The speaker introduces a mindset session focused on performing under pressure, mentioning they are writing a book on this topic.

• Emphasizes the importance of executing trades effectively when money is at stake, highlighting common struggles traders face.

Principles of Performing Under Pressure

• The speaker outlines six principles learned from various life experiences that can help individuals perform under pressure.

• Requests feedback from participants regarding the effectiveness of these principles in real-life applications.

Principle One: Preparation for Pressure

• Introduces the first principle: preparing for pressure before engaging in trading or any challenge.

• Quotes their father’s saying: “Luck is when preparation meets opportunity,” stressing the need for adequate preparation.

Importance of Conditioning

• Discusses how proper conditioning is essential in becoming better traders and handling challenges effectively.

• Uses an analogy about learning to ride a bike, emphasizing that children practice in low-risk environments before facing real challenges.

Learning Through Practice

• Highlights that children are given training wheels as they learn to ride bikes, allowing them to gain confidence without falling over.

• Stresses the importance of understanding rules and functions before attempting tasks independently, reinforcing the concept of gradual exposure to risk.

Understanding Control in High-Pressure Situations

The Importance of Control

• The speaker emphasizes the necessity of identifying what can be controlled in high-pressure situations, drawing parallels to experiences in college basketball.

• A list is created to distinguish between controllable and uncontrollable factors, focusing on aspects that can enhance performance.

Physical Preparation

• To succeed as a basketball player, physical fitness is crucial; being in shape directly impacts performance under pressure.

• The speaker stresses the importance of conditioning both body and mind to handle stressful scenarios effectively.

Mental Readiness

• Understanding team plays thoroughly is essential; players must know them "cold" to react instinctively during games.

• Mental preparation involves setting realistic expectations about performance and challenges faced during competition.

Emotional Management

• Setting accurate emotional expectations helps prepare for the inevitable difficulties encountered in sports and life.

• Embracing discomfort ("embrace the suck") prepares athletes for tough situations, reinforcing resilience when facing challenges.

Accepting Limitations

• Acknowledging potential shortcomings (e.g., being outmatched physically by opponents) allows for better mental acceptance of one's role on a team.

• Recognizing that failure is part of growth encourages a positive response to setbacks rather than dwelling on them.

Focus on Controllables vs. Uncontrollables

• The speaker reiterates the significance of controlling personal expectations regarding physical, mental, and emotional states while recognizing what cannot be controlled (e.g., teammates' actions).

• Examples include not being able to control teammates or referees but emphasizing communication with coaches for feedback and improvement opportunities.

Understanding Personal Growth Through Challenges

The Journey of Falling into Holes

• A metaphorical story illustrates the process of encountering challenges, represented by a "big hole" in the street. The speaker describes repeatedly falling into this hole despite attempts to avoid it.

• Each chapter represents a stage in learning from mistakes, emphasizing that recognizing and addressing habits is crucial for personal growth.

• The importance of taking responsibility for one's actions is highlighted, with an emphasis on mental preparation for future challenges.

Embracing Failure and Learning

• The speaker shares insights about trading experiences, specifically mentioning being up 30% on Google stocks as a practical example of success amidst challenges.

• Consistency is identified as key to preparing oneself mentally and emotionally for pressure situations, reinforcing the need for regular practice and preparation.

Conditioning Responses to Pressure

• Preparing consistently allows individuals to condition their mind, body, and heart to respond effectively under pressure rather than reacting impulsively.

• Anticipating challenges helps mitigate confusion during stressful moments, allowing one to follow a preset plan instead of scrambling for solutions.

Emotional Management During Challenges

• Fear and disappointment are discussed as common emotional responses when facing failure; these emotions can lead individuals to react based on survival instincts rather than constructive strategies.

• Recognizing these emotional triggers is essential in developing healthier responses that focus on improvement rather than merely escaping negative situations.

Building Trust Through Consistency

• Developing self-trust through consistent practice enables individuals to face pressures confidently, knowing they have prepared adequately across mental, physical, and emotional dimensions.

• Positive habitual responses are cultivated over time; the speaker emphasizes the value of viewing unexpected life events as opportunities for growth rather than setbacks.

Strategies for Effective Preparation

• To prepare effectively for pressure situations, one should start in low-stakes environments where they can build skills gradually without overwhelming stress.

• Identifying controllable factors—such as physical fitness and knowledge acquisition—is vital in creating a solid foundation for handling future challenges successfully.

Understanding Control and Consistency in High-Pressure Situations

The Importance of Control

• Recognize what you can control and prepare for it. Make a list of uncontrollable factors to avoid unnecessary stress when faced with market fluctuations.

Building Consistency

• Emphasize the pursuit of consistency as a means to prepare for anticipated challenges, allowing responses based on plans rather than emotional reactions like fatigue or fear.

Trusting Yourself Under Pressure

• Developing self-trust is crucial; consistent practice leads to automatic positive responses during high-pressure situations, rather than negative reactions that could worsen circumstances.

Conditioning for Pressure

• This section introduces conditioning techniques for handling pressure effectively, focusing on understanding one's role and strengths during challenging times.

Playing Your Position

• Understanding your identity and capabilities allows for optimal responses under pressure, maximizing effort and energy based on personal strengths.

Future Discussions on Pressure Management

• Plans to include insights from Ty, who experiences life-and-death pressures in surgery, highlighting shared principles of managing stress effectively.