Breakout
Companion Guide Purchase an Evaluation
THE MENTAL GAME

Module Four: Trading Psychology

Watch the full video alongside our detailed notes and extra learning resources in this full cheat sheet companion guide.

Ready to trade?
Take what you learn here into a real evaluation. Pass, get funded, keep 80-90% of profits.
Purchase an Evaluation
01
Section 1 0:33

Fear & Greed

What you'll learn: The two emotions that exit trades early and hold them too long. Chart examples of where each one shows up, and how to catch it before it costs you the trade.

Key Moments
Core Concepts
Critical Takeaways
  • Fear closes winners early. Greed holds winners too long. Same two enemies, opposite sides.
  • A retest of entry isn't a failure - it's often where the trade actually begins.
  • Hit your target = take your target. The next setup is around the corner.
Weekly Newsletter

Get smarter about crypto markets, every week.

Trade ideas, structure breakdowns, and fresh learning resources - delivered straight to your inbox. Free. No spam.

02
Section 2 5:54

FOMO

What you'll learn: Why missing a move triggers the worst decisions, and how to identify a chase trade before you click.

Key Moments
Core Concepts
Critical Takeaways
  • The trade you missed isn't a trade. It's the past.
  • FOMO has a feel: tight chest, screen scrolling, hovering over the buy button. If you notice the feeling, you've already won half the battle.
  • The next setup is coming. The market hands them out forever.
  • Trade plans beat trade plans. If you don't have one, you can't deviate from one.
03
Section 3 10:41

Revenge Trading

What you'll learn: Why the urge to "make it back" turns one bad trade into a bad week, and the equity curve signature of a revenge spiral.

Key Moments
Critical Takeaways
  • A losing trade is allowed in your system. Two losing trades is allowed in your system. A revenge trade isn't.
  • Revenge spirals look the same on every chart: slow climb, then a vertical drop.
  • The fix is brutally simple. Close the platform. Walk away. Come back tomorrow.
04
Section 4 13:45

Boredom & Impatience

What you'll learn: Why "I haven't traded in a while" is the most expensive sentence in trading, and how to recognise the mid-range trade you shouldn't be taking.

Key Moments
Critical Takeaways
  • Boredom isn't a setup. If the chart isn't speaking, walk away.
  • Most A+ setups happen at range extremes. Middle of the range = no trade.
  • Patience compounds. Forcing a trade gives back what patience earned you.
Practical Tip

If you find yourself reaching for the buy button without a written setup, that's the signal to stand up. Walk to the kitchen. Make coffee. Re-look in 30 minutes.

05
Section 5 17:13

Overcoming Fear of Losses

What you'll learn: Why focusing on the process (not the trade outcome) is the only way to accept losses, and what real risk skin in the game does that paper trading can't.

Key Moments
Critical Takeaways
  • Every trader loses money on the way to making it. It's tuition.
  • Focus on the process - did you follow the plan? - not the outcome of any single trade.
  • Real risk creates real emotions. Paper trading doesn't teach you fear of loss.
  • Asymmetric RR (2:1 or better) makes individual losses easier to accept. You know one winner pays for two losers.
06
Section 6 19:37

Building a Trading Plan

What you'll learn: The six-point checklist that turns a discretionary idea into a documented plan, and why FOMO can't take over when the plan is written down.

Key Moments
Critical Takeaways
  • The plan is the immune system. Without one, every emotion gets a vote.
  • Six questions before you click: where, what, when, how much risk, stop, target.
  • Stop placement comes from the chart. Position size adjusts to the stop. Not the other way around.
  • A trade that doesn't fit the plan is a missed trade. Missed trades don't cost you. Bad trades do.
07
Section 7 24:13

The Trade Journal

What you'll learn: What to track besides P&L - and why the emotional data is more valuable than the numerical data once you've been trading a few months.

Key Moments
Critical Takeaways
  • Most journals only track entry, exit, and P&L. That's half the data.
  • Track what you felt before, during, and after the trade. Fear, greed, tilt, calm.
  • Patterns only surface if you write them down. The memory rewrites the story.
  • The journal turns trading from a vibe into a measurable process.
Putting It All Together

Your Mental Workflow

Run this before, during, and after every trade.

1

Write the plan

Six points: where, what, when, risk %, stop, target. No plan = no trade.

2

Name the feeling

Before clicking, label the dominant emotion. Calm? Fear? FOMO? Knowing matters.

3

Trust the stop

The retest will scare you. Hold. The trade idea is the entry-to-stop, not the entry-to-feel.

4

Take the target

Hit it = close it. "What if" is greed. The next trade is coming.

5

Walk away after losses

Two consecutive losses? Close the platform. Reset is your most valuable trade.

6

Journal everything

Entry, exit, emotion, what you'd do differently. The journal is the edge.

7

Practice on Breakout

Start a trading test at breakoutprop.com. Real markets, structured risk - the best way to learn.

Put it to work
Take what you learned here into a real evaluation. Pass, get funded, keep 80-90% of profits.
Purchase an Evaluation