The formula for trading success consists of four elements t plus A plus B equals R. Now let's walk through them one by one. And at the end, I will give you an example. What do you think generally proceeds and initiate an emotion. And we saw that with the trade example and the emotional roller coaster that trader was going through what you emotionally feel drives your behavior. And what you do, will will determine the outcome of your trading. Therefore, your thoughts plus emotions plus behavior, deliver your results.

In order to make changes to these outcomes, you must start at the beginning. And that is with your thinking. And this is where a professional trader has a distinct advantage over the amateur. For example, have you ever had a big speech to make in public, say at a wedding, at work at your club, etc, you start to think about all the things that can go wrong, then you start to feel nervous, and you start to lose confidence. And then when you do deliver the speech, you speak quietly, or freeze, and then the end result is a speech that doesn't actually go well. So imagine how differently this could be.

If you felt that and practiced, rehearsed it over and over again, you felt confident about it. You felt good about yourself. Your clients granted you still have a few butterflies, but that's just natural. And that's it. Just your body preparing you for for the speech. And then you stand up feeling confident and you deliver a great speech.

So as you can see, it's the same situation, but with a completely different set of results. And this was all down to how you thought about it. In the final lecture, we will bring it all together and have a look at trading like a pro.